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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (9,395,621) $ 12,929,763
Adjustments to reconcile net (loss) income to net cash used by operating activities:    
Stock based compensation 248,894 542,574
Restricted stock expense 15,279 138,000
Issuance of stock / warrants for service 35,712 0
Impairment on discontinued operations asset 0 38,002
Depreciation and amortization 232,658 113,252
Increase / (decrease) in contingent liability 8,500,000 (16,898,006)
Realized and unrealized loss of marketable securities (542,709) 62,011
Termination benefit 305,326 0
Non-cash lease expense 304,080 382,432
Changes in operating assets and liabilities:    
Accounts receivable (110,072) 755,515
Deposits 24,000 (22,365)
Merchant reserve 0 106,590
Inventory 219,859 (1,005,631)
Prepaid inventory (48,184) (237,753)
Prepaid expenses and other current assets (310,268) (100,803)
Accounts payable and accrued expenses (1,500,755) 454,490
Operating lease liability (237,952) (318,758)
Note payable 0 268,115
Deferred revenue / customer deposits (22,701) (7,339)
Collection on discontinued operations accounts receivable 422,417 166,667
Deferred tax liability (332,000) (2,240,300)
Cash used by operating activities (2,192,038) (4,873,544)
Cash flows from investing activities:    
Proceeds from the sale of other investment securities 540,000 0
Purchase of property and equipment (93,294) (555,674)
Cash provided (used) by investing activities 446,706 (555,674)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock 15,798,115 4,421,928
Note payable (13,564) 0
Preferred dividend distribution (100,050) (66,734)
Deferred issuance costs 0 45,368
Cash provided by financing activities 15,684,500 4,400,562
Net increase (decrease) in cash 13,939,168 (1,028,656)
Cash and cash equivalents, beginning of period 14,824,644 4,689,966
Cash and cash equivalents, end of period 28,763,812 3,661,310
Cash Payments for:    
Interest expense 3,672 8,221
Non-cash financial activities:    
Warrants issued to underwriter $ 254,950 $ 178,513