XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:    
Net loss $ (354,220) $ (430,275)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:    
Share-based compensation 50,811 23,935
Depreciation and amortization 81,403 77,530
Bad debt (recoveries) expense (10,991) 13,109
Change in fair value of earnout consideration 0 (40,000)
Changes in operating assets and liabilities:    
Accounts receivable 445,067 (993,522)
Inventories (70,845) (288,509)
Discontinued assets held for sale 372,473 (49,340)
Prepaid expenses and other current assets (13,770) 23,262
Accounts payable and due to Forward China 521,540 2,070,341
Deferred income (47,002) (104,290)
Net changes in operating lease liabilities 4,385 8,416
Accrued expenses and other current liabilities (863,019) (459,262)
Net cash provided by / (used in) operating activities 115,832 (148,605)
Investing Activities:    
Purchases of property and equipment (19,514) (45,111)
Net cash used in investing activities (19,514) (45,111)
Financing Activities:    
Repayment of note payable to Forward China (250,000) (50,000)
Net cash used in financing activities (250,000) (50,000)
Net decrease in cash (153,682) (243,716)
Cash at beginning of period 3,180,468 2,575,522
Cash at end of period 3,026,786 2,331,806
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest $ 19,010 $ 27,958