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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:    
Net income $ 180,024 $ 1,199,036
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Share-based compensation 38,800 41,457
Depreciation and amortization 73,384 93,937
Bad debt expense 393 77,400
Gain on forgiveness of note payable 0 (1,356,570)
Change in fair value of earn-out consideration 0 (30,000)
Changes in operating assets and liabilities:    
Accounts receivable (27,719) (204,224)
Inventories (909,577) 18,297
Prepaid expenses and other current assets (69,577) 80,180
Other assets 0 44,446
Accounts payable and due to Forward China 1,143,407 (154,771)
Deferred income 565,183 (315,309)
Net changes in operating lease liabilities 10,544 15,673
Accrued expenses and other current liabilities 133,022 (20,755)
Net cash provided by/(used in) operating activities 1,137,884 (511,203)
Investing Activities:    
Purchases of property and equipment (66,024) (30,482)
Net cash used in investing activities (66,024) (30,482)
Financing Activities:    
Repayment of notes payable 0 (41,904)
Repayment of note payable to Forward China (50,000) 0
Proceeds from stock options exercised 0 1,675
Repayments of finance leases 0 (10,389)
Net cash used in financing activities (50,000) (50,618)
Net increase/(decrease) in cash 1,021,860 (592,303)
Cash at beginning of period 1,410,365 2,924,627
Cash at end of period 2,432,225 2,332,324
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 32,828 46,281
Cash paid for taxes 0 50
Supplemental Disclosures of Non-Cash Information:    
Lease  assets recorded 204,881 0
Lease liabilities recorded $ 204,881 $ 0