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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net loss $ (3,802,542) $ (4,151,079)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 108,189 112,637
Noncash lease expense 131,608 123,505
Stock option expense 65,948 82,626
Issuance of common stock for services 57,120
Restricted stock compensation 114,779
Bad debt expense 67,003
Loss on disposition of asset 41,108
Loss from equity method investment 2,123 3,497
Change in operating assets and liabilities:    
Accounts receivable 189,295 (143,313)
Inventories (210,267) (281,908)
Prepaid expenses and other current assets 35,370 246,393
Other assets 6,769 (9,261)
Accounts payable 807,383 96,494
Deferred income (74,363) 2,570
Lease liability – operating lease (187,575) (136,330)
Accrued expenses and other current liabilities (95,214) 109,138
Other non-current liabilities 26,060 14,646
Net cash used in operating activities (2,997,216) (3,650,375)
Investing activities:    
Purchase of equipment (306,241) (16,514)
Net cash used in investing activities (306,241) (16,514)
Financing activities:    
Repayment of loans (190,675) (3,939)
Repayment of finance lease (15,297) (17,616)
Borrowings from loans 191,094
Proceeds from sales of future receipts 195,001
Proceeds from private placement 159,656
Proceeds from equipment finance 262,893
Proceeds from issuance of common stock, ATM offering, net of issuance cost 1,099,254
Proceeds from exercise of options 177,864
Net cash provided by (used in) financing activities 1,879,790 (21,555)
Effect of foreign exchange on cash 50,566 72,618
Net change in cash (1,373,101) (3,615,826)
Cash, beginning of period 1,373,101 8,315,053
Cash, end of period 4,699,227
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,338 2,034
Cash paid for taxes 2,618
Non-cash transactions:    
Forgiveness of stock issuance costs $ 25,000