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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:    
Net loss $ (1,775,281) $ (3,604,030)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 245,154 215,734
Depreciation and amortization 271,973 311,581
Bad debt (recovery)/expense (78,278) 2,065,592
Deferred rent 0 16,013
Change in fair value of earn-out consideration (350,000) 260,000
Change in fair value of deferred cash consideration 16,000 36,000
Goodwill impairment 1,015,000 0
Fair value of cost method investment for services provided 0 (326,941)
Impairment of investment 326,941 0
Changes in operating assets and liabilities:    
Accounts receivable (733,228) 263,806
Inventories 333,133 (39,913)
Prepaid expenses and other current assets 30,542 (193,068)
Other assets 138,311 (191,458)
Accounts payable and due to Forward China 245,679 (975,265)
Deferred income 219,713 94,818
Operating lease liabilities 25,945 0
Accrued expenses and other current liabilities (194,550) 97,402
Net cash used in operating activities (262,946) (1,969,729)
Investing Activities:    
Purchases of property and equipment (68,456) (33,138)
Cash used in acquisition of Kablooe, Inc. (352,628) 0
Cash acquired in acquisition of Kablooe, Inc. 31,024 0
Net cash used in investing activities (390,060) (33,138)
Financing Activities:    
Proceeds from line of credit borrowings 900,000 1,550,000
Repayment of line of credit borrowings (1,200,000) (600,000)
Repayment of notes payable (68,551) (169,648)
Proceeds from PPP loan 1,356,570 0
Cash proceeds from stock options exercised 32,000 0
Repayments of capital leases (35,199) (54,538)
Payment of deferred cash consideration (500,000) 0
Net cash provided by financing activities 484,820 725,814
Net decrease in cash (168,186) (1,277,053)
Cash at beginning of year 3,092,813 4,369,866
Cash at end of year 2,924,627 3,092,813
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 178,114 201,004
Cash paid for taxes 4,854 0
Supplemental Disclosures of Non-Cash Information:    
Lease assets recorded in accordance with ASC 842 3,825,632 0
Lease liabilities recorded in accordance with ASC 842 3,906,391 0
Common stock issued in Kablooe acquisition 369,900 0
Fair value of Kablooe contingent earnout consideration $ 90,000 $ 0