| 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 | |||||||||
11,031 | 20,615 | - | - | - | - | - | - | - | - |
Net income | |||||||||
- | - | 14,942 | 14,367 | 11,389 | 7,667 | 4,820 | 971 | 1,215 | 913 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
225 | 231 | 219 | - | - | - | - | - | - | - |
Unrealized loss on marketable securities | |||||||||
- | 1 | - | 1 | - | 1 | 0 | - | 1 | - |
Amortization and depreciation | |||||||||
- | - | - | 206 | 265 | - | - | - | - | - |
Amortization and depreciation | |||||||||
- | - | - | - | - | 242 | 188 | 95 | 102 | 128 |
Deferred income taxes | |||||||||
-1,304 | 2,576 | -1,717 | -1,359 | -1,308 | -1,494 | -1,300 | -678 | - | - |
Tax effect of restricted stock unit vesting | |||||||||
- | - | - | - | - | - | - | - | -54 | - |
Restricted stock units repurchased for employee tax withholding | |||||||||
- | - | - | - | - | - | - | - | 5 | - |
Tax effect from restricted stock unit vesting | |||||||||
- | - | - | - | - | - | - | - | - | -167 |
Restricted stock units repurchased for employee tax withholding | |||||||||
- | - | - | - | - | - | - | - | - | -22 |
Stock-based compensation | |||||||||
2,212 | 2,413 | 2,118 | 1,416 | 692 | 202 | 8 | 52 | 171 | 398 |
Interest expense associated with debt issuance cost | |||||||||
106 | 147 | 147 | - | - | - | - | - | - | - |
Employee restricted stock forfeiture | |||||||||
28 | 51 | - | - | - | - | - | - | - | - |
Amortization of loan fee payments | |||||||||
- | - | - | -147 | - | - | - | - | - | - |
Change in operating assets and liabilities | |||||||||
Realized loss on liquidation of available for sale security | |||||||||
- | - | - | - | - | - | 108 | - | - | - |
Investment fee income receivable | |||||||||
-968 | -66 | 95 | 178 | 910 | 740 | 1,759 | 95 | -71 | 59 |
Prepaid expenses | |||||||||
-35 | -946 | 439 | 126 | 448 | 332 | 79 | -46 | 50 | -479 |
Other accounts receivable | |||||||||
-21 | -171 | 4 | 45 | 91 | - | - | - | - | - |
Other current assets | |||||||||
- | - | - | - | - | 8 | 422 | -5 | -3 | 2 |
Other assets | |||||||||
1 | 6 | -4 | - | 10 | -28 | 141 | -10 | -1 | - |
Accrued liabilities and accounts payable | |||||||||
-1,545 | -270 | 775 | 1,879 | 1,161 | 453 | 1,897 | 214 | -132 | -389 |
Income taxes payable | |||||||||
114 | -118 | 292 | -714 | 1,097 | -44 | -4 | 48 | -18 | 18 |
Deferred rent | |||||||||
-50 | -36 | 170 | -62 | -48 | 110 | - | - | - | - |
Current portion of deferred rent | |||||||||
- | - | - | - | - | - | -55 | 63 | -26 | 27 |
Net cash provided by operating activities | |||||||||
- | - | - | 18,186 | 14,444 | 9,413 | 6,158 | - | - | - |
Long-term portion of deferred rent | |||||||||
- | - | - | - | - | - | - | - | -24 | 20 |
Net cash provided by operating activities | |||||||||
14,392 | 21,531 | 19,846 | - | - | - | - | 2,037 | 1,878 | 2,037 |
Cash flows from investing activities | |||||||||
Purchases of property and equipment | |||||||||
204 | 360 | 176 | 184 | 258 | 140 | 253 | 101 | 52 | 69 |
Payments related to management contracts | |||||||||
1,770 | 3,535 | 269 | 11,678 | 192 | 19,152 | 20,680 | 273 | - | 64 |
Proceeds on liquidation of available for sale security | |||||||||
- | - | - | - | - | - | 404 | - | - | - |
Net cash used in investing activities | |||||||||
- | - | - | -11,862 | -450 | -19,292 | -20,529 | - | - | - |
Net cash used in investing activities | |||||||||
-1,974 | -3,895 | -445 | - | - | - | - | -374 | -52 | -133 |
Cash flows from financing activities | |||||||||
Principal payments on bank loan | |||||||||
4,375 | 4,375 | 4,375 | 4,375 | 3,750 | 3,432 | 1,585 | 625 | 573 | 825 |
Payment of debt issuance costs on bank loan amendment | |||||||||
84 | - | - | - | - | - | - | - | - | - |
Deferred offering costs | |||||||||
- | 39 | - | - | - | - | - | - | - | - |
Shares repurchased pursuant to stock buyback program | |||||||||
4,750 | - | - | - | 25,056 | - | - | - | - | 219 |
Tax effect from restricted stock units | |||||||||
- | - | - | 456 | 178 | 427 | 298 | - | - | - |
Restricted stock units repurchased for employee tax withholding | |||||||||
- | - | - | 518 | 139 | 85 | - | - | - | - |
Employee restricted stock forfeited | |||||||||
- | - | - | - | - | - | - | -1 | -1 | - |
Deferred income taxes | |||||||||
- | - | - | - | - | - | - | - | 626 | 693 |
Tax effect from restricted stock units and stock options | |||||||||
- | - | - | - | - | - | - | 25 | - | - |
Restricted stock units purchased for employee tax withholding | |||||||||
398 | 660 | 653 | - | - | - | 1 | 24 | - | - |
Payoff of previous bank loan | |||||||||
- | - | - | - | 22,972 | - | - | - | - | - |
Proceeds from new bank loan | |||||||||
- | - | - | - | 35,000 | 13,287 | 16,525 | - | - | 2,000 |
Loan fee payments on bank loan | |||||||||
- | - | - | 15 | 392 | 153 | 223 | -15 | - | 31 |
Proceeds from exercise of employee and director stock options | |||||||||
- | - | - | - | - | 314 | 59 | - | - | - |
Proceeds from shares issued pursuant to the 2018 Dividend Reinvestment and Stock Repurchase Plan | |||||||||
20 | 16 | 3 | 15 | - | - | - | - | - | - |
Dividend payments | |||||||||
3,539 | 2,883 | 2,210 | 1,500 | 1,383 | 898 | 729 | 685 | 945 | 522 |
Cash paid for fractional shares in connection with stock split | |||||||||
- | - | -1 | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||
- | - | - | -5,875 | -18,553 | 9,118 | 14,047 | - | - | - |
Net cash used in financing activities | |||||||||
-13,126 | -7,941 | -7,236 | - | - | - | - | -1,295 | -1,518 | 403 |
Net decrease in cash and cash equivalents | |||||||||
-708 | 9,695 | - | - | - | - | - | - | - | - |
Net (decrease) increase in cash and cash equivalents | |||||||||
- | - | 12,165 | 449 | -4,559 | -761 | -324 | 368 | 308 | 2,307 |
Supplemental disclosures of cash flow information: | |||||||||
Cash paid for income taxes | |||||||||
3,085 | 4,443 | 6,680 | - | - | - | - | - | - | - |
Cash paid for interest | |||||||||
999 | 1,096 | 1,109 | - | - | - | - | - | - | - |
Purchase consideration payable (Note 14) | |||||||||
710 | - | - | - | - | - | - | - | - | - |
Unrealized gain on investment | |||||||||
- | - | - | - | - | - | - | - | - | -2 |
Income taxes | |||||||||
- | - | - | 6,960 | 5,194 | 3,519 | 1,779 | 70 | 345 | 138 |
Interest | |||||||||
- | - | - | 1,190 | 1,004 | 1,053 | 617 | 52 | 63 | 36 |