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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net income/(loss) $ 523,805 $ (1,775,281)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Share-based compensation 68,855 245,154
Depreciation and amortization 327,290 271,973
Bad debt expense/(recovery) 506,469 (78,278)
Gain on forgiveness of note payable (1,356,570) 0
Change in fair value of earn-out consideration (20,000) (350,000)
Change in fair value of deferred cash consideration 0 16,000
Goodwill impairment 0 1,015,000
Impairment of investment 0 326,941
Changes in operating assets and liabilities:    
Accounts receivable (1,664,868) (733,228)
Inventories (786,863) 333,133
Prepaid expenses and other current assets (141,600) 30,542
Other assets 44,446 138,311
Accounts payable and due to Forward China 2,306,277 245,679
Deferred income (297,383) 219,713
Net changes in operating lease liabilities 49,258 25,945
Accrued expenses and other current liabilities (87,427) (194,550)
Net cash used in operating activities (528,311) (262,946)
Investing Activities:    
Purchases of property and equipment (67,207) (68,456)
Cash used in acquisition of Kablooe, Inc. 0 (352,628)
Cash acquired in acquisition of Kablooe, Inc. 0 31,024
Net cash used in investing activities (67,207) (390,060)
Financing Activities:    
Proceeds from line of credit borrowings 150,000 900,000
Repayment of line of credit borrowings (1,150,000) (1,200,000)
Repayment of notes payable (156,798) (68,551)
Proceeds from note payable 0 1,356,570
Proceeds from stock options exercised 267,711 32,000
Repayments of finance leases (29,657) (35,199)
Payment of deferred cash consideration 0 (500,000)
Net cash (used in)/provided by financing activities (918,744) 484,820
Net decrease in cash (1,514,262) (168,186)
Cash at beginning of year 2,924,627 3,092,813
Cash at end of year 1,410,365 2,924,627
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 154,510 178,114
Cash paid for taxes 8,389 4,854
Supplemental Disclosures of Non-Cash Information:    
Lease assets recorded 565,590 3,825,632
Lease liabilities recorded 565,590 3,906,391
Common stock issued in Kablooe acquisition 0 369,900
Fair value of Kablooe contingent earnout consideration $ 0 $ 90,000