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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net (loss)/income $ (176,311) $ 364,308
Adjustments to reconcile net (loss)/income to net cash provided by/(used in) operating activities:    
Share-based compensation 104,812 62,744
Depreciation and amortization 156,531 171,836
Bad debt expense 59,635 513,691
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 15,184 756,793
Inventories (1,834,922) (873,760)
Prepaid expenses and other current assets (255,178) 34,227
Other assets 0 44,446
Accounts payable and due to Forward China 1,578,086 395,469
Deferred income 432,877 (347,632)
Net changes in operating lease liabilities 22,100 27,055
Accrued expenses and other current liabilities 257,513 (160,525)
Net cash provided by/(used in) operating activities 360,327 (397,918)
Investing Activities:    
Purchases of property and equipment (129,500) (37,878)
Net cash used in investing activities (129,500) (37,878)
Financing Activities:    
Proceeds from line of credit borrowings 0 150,000
Repayment of line of credit borrowings 0 (1,150,000)
Repayment of notes payable 0 (84,457)
Repayment of note payable to Forward China (100,000) 0
Proceeds from stock options exercised 0 144,198
Repayments of finance leases 0 (19,407)
Net cash used in financing activities (100,000) (959,666)
Net increase/(decrease) in cash 130,827 (1,395,462)
Cash at beginning of period 1,410,365 2,924,627
Cash at end of period 1,541,192 1,529,165
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 63,669 88,479
Cash paid for taxes 6,795 5,636
Supplemental Disclosures of Non-Cash Information:    
Operating lease right of use assets recorded 204,881 0
Operating lease liabilities recorded $ 204,881 $ 0