| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income (loss) | |||||||||
-9,474 | -7,219 | -1,602 | -7,824 | -16,768 | -6,215 | -3,598 | -946 | -782 | -377 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||
Provision for deferred taxes | |||||||||
- | - | - | - | -376 | - | - | - | - | - |
Adjustment to accrued earnouts | |||||||||
- | - | - | - | 109 | -9 | -507 | -1,100 | - | - |
Provision for deferred taxes | |||||||||
- | - | - | - | - | 219 | 102 | - | - | - |
Loss on disposal of property and equipment | |||||||||
-9 | -60 | -94 | -67 | -161 | 0 | - | - | - | - |
Amortization of intangible assets | |||||||||
544 | 242 | 285 | 480 | 554 | 655 | 511 | 749 | 765 | 619 |
Impairment of intangible asset | |||||||||
- | - | - | - | - | - | - | 281 | - | - |
Depreciation | |||||||||
66 | 105 | 256 | 707 | 1,065 | 1,282 | 1,179 | 980 | 603 | 759 |
Loss on disposal of assets | |||||||||
- | - | - | - | - | - | - | - | -117 | - |
Other amortization | |||||||||
39 | 66 | 100 | 530 | 700 | 549 | 314 | 170 | 350 | 271 |
Goodwill impairment | |||||||||
3,732 | 4,859 | 0 | - | 10,500 | 0 | - | - | - | - |
Amortization of debt discount | |||||||||
231 | 129 | 0 | - | - | - | - | - | - | - |
Fair Value Adjustment of Warrants | |||||||||
11,272 | - | 0 | - | - | - | - | - | - | - |
Change in fair value of warrant liabilities | |||||||||
-13,404 | -160 | - | - | - | - | - | - | - | - |
Capitalized interest expense | |||||||||
- | - | - | 204 | 0 | - | - | - | - | - |
Loss on inducement of convertible notes | |||||||||
- | - | - | 3,414 | 0 | - | - | - | - | - |
Stock-based compensation | |||||||||
249 | 491 | 559 | 320 | 314 | 506 | 437 | 386 | 356 | 449 |
Changes in operating assets and liabilities | |||||||||
Adjustments to accrued earnouts | |||||||||
- | - | - | - | - | - | - | - | 296 | - |
Accounts receivable | |||||||||
-1,306 | -1,305 | 477 | 86 | -879 | 162 | -886 | -658 | 345 | -429 |
Prepaid expenses | |||||||||
-127 | 74 | - | - | - | - | - | - | - | - |
Other current assets and other assets | |||||||||
-116 | -3 | - | - | - | - | - | - | - | - |
Prepaid expenses and other assets | |||||||||
- | - | -77 | -356 | -622 | -899 | -160 | -259 | 219 | 64 |
Accounts payable and accrued liabilities | |||||||||
448 | -41 | -163 | -425 | 195 | -1,414 | -192 | -641 | -50 | 187 |
Deferred revenue | |||||||||
478 | -872 | - | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
- | - | 106 | -182 | -448 | -6 | 729 | -268 | 270 | -656 |
Other liabilities | |||||||||
58 | -8 | -175 | -243 | -270 | -152 | -98 | -249 | 54 | -73 |
Total adjustments | |||||||||
5,271 | 6,105 | 662 | 5,142 | 14,005 | 2,367 | 3,521 | 1,225 | 1,605 | 1,921 |
Net cash used in operating activities | |||||||||
-4,203 | -1,114 | -940 | -2,682 | - | - | -77 | 279 | 823 | 1,544 |
Net cash used in operating activities | |||||||||
- | - | - | - | -2,763 | -3,848 | - | - | - | - |
Cash flows from investing activities: | |||||||||
Software development capitalization costs | |||||||||
11 | 15 | 46 | 142 | 63 | 164 | 814 | 557 | 59 | 508 |
Purchase of property and equipment | |||||||||
20 | 35 | 47 | 23 | 124 | 304 | 545 | 932 | 618 | 398 |
Acquisition of businesses | |||||||||
5,668 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of preferred stock, net of issuance costs | |||||||||
- | - | - | - | 1,776 | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-5,699 | -50 | -93 | -165 | - | - | -2,254 | -1,961 | -1,373 | -5,486 |
Net cash used in investing activities | |||||||||
- | - | - | - | -187 | -468 | - | - | - | - |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of common stock, net of issuance costs | |||||||||
4,757 | - | 852 | 3,715 | - | - | - | - | - | - |
Proceeds from issuance of preferred stock, net of issuance costs | |||||||||
9,049 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net of issuance costs | |||||||||
4,757 | - | 852 | 3,715 | 197 | 2,756 | - | - | - | - |
Proceeds from issuance of preferred stock, net of issuance costs | |||||||||
- | - | - | - | - | 0 | 2,044 | 2,214 | 858 | - |
Proceeds from exercise of employee stock options | |||||||||
- | - | - | - | - | 215 | 162 | 133 | 121 | 5 |
Proceeds from employee stock purchase plan | |||||||||
- | - | - | - | 6 | 22 | 74 | - | - | - |
Proceeds from issuance of convertible debt, net of issuance costs | |||||||||
- | - | - | - | - | 913 | 1,790 | - | - | - |
Proceeeds from bank term loan | |||||||||
- | - | - | 500 | 1,710 | 0 | - | - | 2,000 | - |
Proceeds from term notes from stockholder | |||||||||
- | - | - | 1,000 | 2,000 | 0 | - | - | - | - |
Proceeds from term notes from Montage Capital, net of issuance costs | |||||||||
- | 953 | 0 | - | - | - | - | - | - | - |
Proceeds from promissory term notes | |||||||||
- | 800 | 0 | - | - | - | - | - | - | - |
Borrowing on bank line of credit | |||||||||
75 | 920 | 2,177 | 383 | 795 | 2,046 | 1,092 | 1,702 | 4,450 | 9,650 |
Payments on bank term loan | |||||||||
- | - | - | 750 | 2,460 | 0 | 620 | 308 | - | - |
Payments on bank line of credit | |||||||||
2,156 | 1,339 | 1,792 | 963 | 1,038 | 1,884 | 769 | 1,713 | 7,059 | 5,650 |
Payments on term notes from Montage Capital | |||||||||
922 | 78 | 0 | - | - | - | - | - | - | - |
Payments on promissory term notes | |||||||||
941 | - | - | - | - | - | - | - | - | - |
Payments on acquired debt | |||||||||
- | - | - | - | - | 42 | 364 | 35 | - | 3,100 |
Payments on acquired debt | |||||||||
- | - | - | - | - | - | 188 | 221 | - | - |
Payments on subordinated promissory notes | |||||||||
- | - | - | - | 21 | 51 | 225 | 179 | - | - |
Contingent acquisition payments | |||||||||
- | - | 75 | 393 | 447 | 644 | 531 | 437 | 696 | 1,480 |
Principal payments on capital leases | |||||||||
- | - | 45 | 324 | 463 | 418 | 339 | 289 | 212 | 78 |
Cash dividends paid on Series A convertible preferred stock | |||||||||
315 | 195 | 0 | - | - | - | - | - | - | - |
Net cash provided by financing activities | |||||||||
- | - | - | - | 2,055 | 2,913 | - | - | - | - |
Net cash provided by financing activities | |||||||||
9,547 | 1,061 | 1,117 | 3,168 | - | - | 3,021 | 1,339 | 34 | 3,927 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
7 | -1 | 3 | 3 | -24 | -171 | 14 | -59 | -1 | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
-348 | -104 | 87 | 324 | -919 | -1,574 | 704 | -402 | -517 | -15 |
Supplemental disclosures of cash flow information: | |||||||||
Interest | |||||||||
88 | 250 | 128 | 469 | - | - | - | - | - | - |
Interest | |||||||||
- | - | - | - | 243 | 245 | 273 | 275 | 193 | 73 |
Income taxes | |||||||||
3 | 14 | 18 | 17 | 52 | 57 | 53 | 49 | 31 | 138 |
Non cash investing and financing activities: | |||||||||
Consideration paid in Common Stock in connection with acquisition of business | |||||||||
480 | - | - | - | - | - | - | - | - | - |
Dividends accrued on convertible preferred stock | |||||||||
- | 115 | - | - | - | - | - | - | - | - |
Equipment purchased under capital leases | |||||||||
- | - | - | - | 172 | 88 | 855 | 137 | 582 | - |
Other assets included in accounts payable | |||||||||
- | - | - | - | - | - | 50 | 16 | 161 | 33 |
Accrued contingent consideration (earnouts) | |||||||||
- | - | - | - | - | - | 906 | 1,207 | - | 1,973 |
Issuance of subordinated promissory note for acquisition | |||||||||
- | - | - | - | - | - | - | - | - | 500 |
Common stock issued in connection with acquisition | |||||||||
- | - | - | - | - | - | 995 | 411 | - | 675 |