XML 67 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (9,434) $ (9,384)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,149 2,369
Stock compensation expense 2,270 4,094
Provision for doubtful accounts 66 126
Deferred tax provision 362 81
Gain on disposal of property and equipment (25) (6)
Change in fair value of earnout liability 200 1,400
Changes in operating assets and liabilities:    
Accounts receivable 666 (1,425)
Inventory (2,648) (2,937)
Prepaid and deferred taxes (869) (46)
Prepaid expenses and other assets 2,337 (352)
Operating lease assets and liabilities (174)  
Accounts payable 4,116 (2,733)
Accrued expenses and other current liabilities (10,060) 772
Distributions payable (1,675) (521)
Deferred revenue (88) 955
Payables to sellers 1,113 (3,838)
Other liabilities (1,443) (143)
Net cash used in operating activities (12,137) (11,588)
Investing activities    
Increase in intangibles (48) (14)
Purchases of property and equipment, including capitalized software (2,834) (2,989)
Proceeds from sales of property and equipment 36 24
Proceeds from promissory note 2,554 0
Purchases of short-term investments (25,000) (30,000)
Maturities of short-term investments 45,000 20,000
Net cash (used in) provided by investing activities 19,708 (12,979)
Financing activities    
Payments of the principal portion of finance lease liabilities (17)  
Taxes paid associated with net settlement of stock compensation awards (558) 0
Proceeds from exercise of stock options 34 124
Payment of earnout liability related to business acquisition (1,200) 0
Net cash (used in) provided by financing activities (1,741) 124
Effect of exchange rate differences on cash and cash equivalents (511) (83)
Net decrease in cash and cash equivalents 5,319 (24,526)
Cash and cash equivalents at beginning of period 36,497 58,448
Cash and cash equivalents at end of period 41,816 33,922
Supplemental disclosure of cash flow information    
Cash paid for income taxes, net $ 177 $ 558