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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net (loss)/income $ (595,224) $ 607,895
Adjustments to reconcile net (loss)/income to net cash provided by/(used in) operating activities:    
Share-based compensation 148,436 66,476
Depreciation and amortization 233,506 252,317
Bad debt expense 59,918 513,691
Gain on forgiveness of note payable 0 (1,356,570)
Change in fair value of earn-out consideration 0 (20,000)
Changes in operating assets and liabilities:    
Accounts receivable (37,467) (595,034)
Inventories (2,809,177) (631,443)
Prepaid expenses and other current assets 77,840 (81,421)
Other assets 0 44,446
Accounts payable and due to Forward China 3,063,929 855,059
Deferred income 435,700 (40,633)
Net changes in operating lease liabilities 33,891 38,437
Accrued expenses and other current liabilities 546,260 8,926
Net cash provided by/(used in) operating activities 1,157,612 (337,854)
Investing Activities:    
Purchases of property and equipment (140,342) (61,166)
Net cash used in investing activities (140,342) (61,166)
Financing Activities:    
Proceeds from line of credit borrowings 0 150,000
Repayment of line of credit borrowings 0 (1,150,000)
Repayment of notes payable 0 (127,639)
Repayment of note payable to Forward China (150,000) 0
Proceeds from stock options exercised 0 233,811
Repayments of finance leases 0 (27,130)
Net cash used in financing activities (150,000) (920,958)
Net increase/(decrease) in cash 867,270 (1,319,978)
Cash at beginning of period 1,410,365 2,924,627
Cash at end of period 2,277,635 1,604,649
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 94,115 121,771
Cash paid for taxes 8,095 7,336
Supplemental Disclosures of Non-Cash Information:    
Operating lease right of use assets recorded 204,881 565,590
Operating lease liabilities recorded $ 204,881 $ 565,590