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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net (loss)/income $ (1,378,251) $ 523,805
Adjustments to reconcile net (loss)/income to net cash provided by/(used in) operating activities:    
Share-based compensation 201,235 68,855
Depreciation and amortization 309,239 327,290
Bad debt expense 264,912 506,469
Gain on forgiveness of note payable 0 (1,356,570)
Change in fair value of earn-out consideration 0 (20,000)
Changes in operating assets and liabilities:    
Accounts receivable 953,137 (1,664,868)
Inventories (1,738,473) (786,863)
Prepaid expenses and other current assets 143,467 (141,600)
Other assets 3,514 44,446
Accounts payable and due to Forward China 1,856,340 2,306,277
Deferred income 251,183 (297,383)
Net changes in operating lease liabilities 44,076 49,258
Accrued expenses and other current liabilities 624,409 (87,427)
Net cash provided by/(used in) operating activities 1,534,788 (528,311)
Investing Activities:    
Purchases of property and equipment (169,631) (67,207)
Net cash used in investing activities (169,631) (67,207)
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 (156,798)
Repayment of note payable to Forward China (200,000) 0
Proceeds from stock options exercised 0 267,711
Repayments of finance leases 0 (29,657)
Net cash used in financing activities (200,000) (918,744)
Net increase/(decrease) in cash 1,165,157 (1,514,262)
Cash at beginning of year 1,410,365 2,924,627
Cash at end of year 2,575,522 1,410,365
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 123,411 154,510
Cash paid for taxes 10,856 8,389
Supplemental Disclosures of Non-Cash Information:    
Operating lease assets obtained in exchange for operating lease liabilities $ 204,881 $ 565,590