| Sep'17 | Sep'16 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
3,270 | 2,310 | |||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Changes in allowances - accounts receivable | ||||||
- | -19 | |||||
Changes in allowances - deferred tax assets | ||||||
- | -163 | |||||
Changes in allowances - inventories | ||||||
- | -57 | |||||
Depreciation expense | ||||||
21 | 18 | |||||
Deferred income taxes | ||||||
- | 75 | |||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-133 | -380 | |||||
Inventory | ||||||
112 | -321 | |||||
Advance to suppliers | ||||||
378 | - | |||||
Other current assets | ||||||
-278 | 4,075 | |||||
Prepaid expenses | ||||||
-24 | - | |||||
Accounts payable | ||||||
-51 | -930 | |||||
Advance from customers | ||||||
-1,090 | 1,118 | |||||
Other current liabilities | ||||||
-16 | -0 | |||||
Taxes payable | ||||||
-74 | 53 | |||||
Net cash provided by (used in) operating activities | ||||||
2,004 | -640 | |||||
Cash flows from investing activities | ||||||
Additions to property, plant and equipment | ||||||
66 | 6 | |||||
Payments of loans to related parties | ||||||
2,192 | -1,518 | |||||
Net cash provided by (used in) investing activities | ||||||
2,126 | -1,524 | |||||
Cash flows from financing activities | ||||||
Proceeds from capital contribution | ||||||
- | 3,154 | |||||
Repayments of loans from third party | ||||||
- | 929 | |||||
Borrowings from bank loans | ||||||
5,195 | 3,674 | |||||
Repayments of bank loans | ||||||
6,809 | 3,981 | |||||
Repayments of loans from related parties | ||||||
-239 | -143 | |||||
Deferred offering cost | ||||||
278 | - | |||||
Net cash provided by (used in) financing activities | ||||||
-1,654 | 2,061 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
66 | -5 | |||||
Net increase (decrease) in cash and cash equivalents | ||||||
2,543 | -109 | |||||
Supplemental disclosure information: | ||||||
Income taxes paid | ||||||
10 | 31 | |||||
Interest paid | ||||||
203 | 248 | |||||