| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||
Net income | |||||||||
-4,012 | 5,923 | 6,501 | 17,954 | -14,712 | -4,661 | - | - | - | - |
Net loss | |||||||||
- | - | - | - | - | - | -5,747 | -1,575 | -5,502 | -7,456 |
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisition: | |||||||||
Depreciation and amortization | |||||||||
5,673 | 6,048 | 5,025 | 3,125 | 1,047 | 490 | 264 | 259 | 563 | 873 |
Gain on bargain purchase of acquisition | |||||||||
0 | 7,294 | - | - | - | - | - | - | - | - |
Impairment charges | |||||||||
3,222 | 0 | - | - | 3,713 | 315 | - | - | 367 | - |
Bargain purchase gain on acquisition | |||||||||
- | - | 0 | 1,499 | 0 | - | - | - | - | - |
Gain or loss on disposal of property and equipment | |||||||||
-1,063 | -32 | 33 | -71 | 104 | -7 | - | - | - | - |
Amortization of debt issuance cost | |||||||||
283 | 1,018 | 215 | 0 | - | - | - | - | - | - |
Non-cash interest expense associated with convertible debt and warrants | |||||||||
- | - | - | 4 | 2,198 | 423 | - | - | - | - |
Non-cash interest expense associated with loan fees | |||||||||
- | - | - | 2,801 | 2,004 | 0 | - | - | - | - |
Non-cash change in fair value of derivative liability | |||||||||
- | - | - | - | 83 | 56 | - | - | - | - |
Non-cash note and agreement reductions due to settlement | |||||||||
- | - | - | 962 | 0 | - | - | - | - | - |
Non-cash interest expense associated with convertible debt and warrants | |||||||||
- | - | - | - | - | - | 3,291 | 489 | 0 | - |
Stock based compensation expense | |||||||||
270 | 497 | 203 | 256 | 712 | 167 | 173 | 16 | 38 | 38 |
Change in deferred rent | |||||||||
-274 | 56 | 0 | - | - | - | - | - | - | - |
Loss on disposal of property and equipment | |||||||||
- | - | - | - | - | - | 0 | 36 | - | - |
Non-cash interest expense associated with convertible debt and warrants | |||||||||
- | - | - | - | - | - | - | - | 17 | 117 |
Repricing of stock option exercise price | |||||||||
- | - | - | - | 54 | 0 | - | - | - | - |
Non-cash issuance of common stock for services | |||||||||
- | - | - | 19 | 2,016 | 9 | - | - | - | - |
Change in reserve for uncollectible accounts | |||||||||
- | - | -0 | - | - | - | - | - | - | - |
Non-cash issuance of common stock for services | |||||||||
- | - | - | - | - | - | 227 | 124 | - | - |
Non-cash issuance of common stock for services | |||||||||
- | - | - | - | - | - | - | - | 15 | - |
Change in reserve for uncollectible accounts | |||||||||
-589 | -236 | - | 53 | 24 | 11 | -293 | -81 | 336 | 921 |
Change in reserve for obsolete inventory | |||||||||
665 | 365 | - | - | - | - | - | - | - | - |
Non-cash write-down of inventory | |||||||||
- | - | - | 1,080 | 0 | - | - | - | - | - |
Change in reserve for obsolete inventory | |||||||||
- | - | -926 | 703 | 255 | 0 | - | - | - | - |
Change in contingent liability | |||||||||
- | - | - | -316 | 0 | - | - | - | - | - |
Change in deferred income taxes | |||||||||
1,648 | -4,180 | -3,524 | 15,599 | 0 | - | - | - | - | - |
Change in other | |||||||||
399 | -410 | 0 | - | - | - | - | - | - | - |
Impairment of intangible assets | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Changes in assets and liabilities: | |||||||||
Loss on disposal of property and equipment | |||||||||
- | - | - | - | - | - | - | - | -12 | -27 |
Trade receivables | |||||||||
-1,985 | 1,160 | 2,856 | 144 | 152 | 296 | -888 | -292 | 84 | -317 |
Inventories | |||||||||
-7,160 | 4,946 | 3,811 | -1,578 | -1,913 | 2,984 | - | - | - | - |
Income taxes payable | |||||||||
- | - | 351 | -376 | 376 | 0 | - | - | - | - |
Net cash provided by operating activities | |||||||||
- | - | - | - | -1,017 | -5,194 | - | - | - | - |
Income taxes receivable | |||||||||
- | - | - | - | - | - | - | - | - | -1,490 |
Prepaid expenses and other current assets | |||||||||
-931 | -3,452 | 1,646 | 1,606 | 124 | 400 | 14 | -60 | -105 | -107 |
Deposits and other assets | |||||||||
-193 | -798 | 57 | -16 | -29 | -1 | -10 | 4 | -18 | -31 |
Accounts payable | |||||||||
-444 | 4,975 | -2,344 | -134 | -885 | 1,444 | -493 | 416 | 246 | -195 |
Accrued liabilities | |||||||||
4,412 | -1,583 | 3,727 | 851 | 700 | 331 | -111 | -7 | -457 | -214 |
Income taxes payable | |||||||||
14 | -600 | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||
19,053 | 11,823 | 7,874 | 7,878 | - | - | -1,805 | 28 | -4,321 | -3,940 |
INVESTING ACTIVITIES: | |||||||||
Purchase of intangible assets | |||||||||
222 | 684 | 95 | - | - | - | - | - | - | - |
Lonesome Oak acquisition | |||||||||
- | - | 47,381 | 0 | 5,503 | 1,259 | - | - | - | - |
Proceeds from the sale of property and equipment | |||||||||
2,701 | 0 | 159 | 653 | 153 | - | - | - | - | 5 |
Redemption of certificates of deposits | |||||||||
- | - | - | - | - | - | - | - | 101 | - |
Expenditures for intangible assets | |||||||||
- | - | - | 0 | 64 | 19 | 91 | 482 | 0 | 235 |
Proceeds from the sale of assets | |||||||||
- | - | - | - | - | 1 | - | - | - | - |
Redemption of (investment in) certificate of deposits | |||||||||
- | - | - | - | - | - | - | - | - | 1 |
Purchase of property and equipment | |||||||||
2,379 | 8,710 | 6,414 | 3,193 | 151 | 79 | 49 | 48 | 1 | 54 |
Net cash used in investing activities | |||||||||
- | - | - | - | -5,566 | -1,357 | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
100 | -9,394 | -53,732 | -2,539 | - | - | -141 | -530 | 99 | -286 |
FINANCING ACTIVITIES: | |||||||||
Net borrowings (payments) under revolver loans | |||||||||
-7,034 | 2,122 | 17,148 | 1,739 | 0 | - | - | - | - | - |
Payment of series E preferred stock dividends | |||||||||
- | - | 0 | 1 | 1 | - | - | - | - | - |
Purchase of series E preferred treasury stock | |||||||||
0 | 4 | 0 | - | - | - | - | - | - | - |
Payment of debt issuance cost | |||||||||
223 | 1,318 | 1,155 | 415 | 0 | - | - | - | - | - |
Payment of preferred stock dividends | |||||||||
- | - | - | - | - | 17 | - | - | - | - |
Contribution of noncontrolling interest | |||||||||
- | - | - | - | 1,200 | 0 | - | - | - | - |
Payment for the purchase of the noncontrolling interest | |||||||||
- | - | - | 2,000 | 0 | - | - | - | - | - |
Proceeds from issuance of notes payable | |||||||||
913 | 27,777 | 36,984 | 15,287 | 1,247 | 0 | - | - | 1,000 | - |
Purchase of common treasury stock | |||||||||
888 | 550 | 699 | 300 | - | - | - | - | - | 25 |
Payments on related party notes payable | |||||||||
661 | 0 | - | 4,495 | 0 | - | - | - | - | - |
Payments on related party notes payable | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Principal repayments on capital lease obligations | |||||||||
- | - | - | - | - | - | 0 | 36 | - | - |
Principal repayments on capital lease obligations | |||||||||
- | - | - | - | - | - | - | - | -61 | - |
Principal repayments on capital lease obligations | |||||||||
- | - | - | - | - | - | - | - | - | 88 |
Issuance of common stock for cash, net of issuance costs | |||||||||
- | - | - | - | 538 | 13,681 | 152 | 2,350 | 300 | - |
Payments on notes payable | |||||||||
11,321 | 32,437 | 3,218 | 17,109 | 1,886 | 582 | 0 | 1,000 | 0 | - |
Proceeds from issuance of convertible debt | |||||||||
- | - | - | - | 100 | 823 | - | - | - | - |
Proceeds from issuance of convertible debt and warrants | |||||||||
- | - | - | - | - | - | 1,250 | 250 | - | - |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | - | 1,196 | 13,905 | - | - | - | - |
Proceeds from issuance of convertible debt and warrants | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Net cash used in financing activities | |||||||||
-19,214 | -4,410 | 49,059 | -7,295 | - | - | 1,402 | 1,563 | 1,238 | -113 |
Net increase (decrease) in cash and cash equivalents, including restricted cash | |||||||||
-61 | -1,981 | - | - | - | - | - | - | - | - |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||
- | - | 3,201 | -1,956 | -5,386 | 7,353 | -544 | 1,061 | -2,982 | -4,340 |
Supplemental cash flow disclosures: | |||||||||
Accrued and unpaid dividends | |||||||||
- | - | - | - | - | - | -1 | -1 | - | - |
Conversion of notes payable of $1,250,000 and cash accrued interest of $1,000 into 722,534 shares of common stock | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Accrued and unpaid dividends | |||||||||
- | - | - | - | - | - | - | - | 1 | 1 |
Interest paid | |||||||||
5,805 | 7,894 | 5,325 | 1,247 | 24 | 0 | 0 | 97 | - | - |
Note payable issued for purchase of noncontrolling interest | |||||||||
- | - | - | 500 | 0 | - | - | - | - | - |
Restated equipment deposit as a purchase of equipment in fiscal year 2016 | |||||||||
- | - | - | 1,816 | - | - | - | - | - | - |
Income taxes paid | |||||||||
- | - | - | - | - | - | - | - | 1 | 1 |
Income taxes paid (refunded) | |||||||||
-43 | 758 | -149 | 466 | 0 | 0 | - | - | - | - |
Due to sellers of ApplianceSmart, Inc. less liabilities assumed post acquisition | |||||||||
0 | 4,893 | - | - | - | - | - | - | - | - |
Notes payable issued to sellers of Vintage Stock | |||||||||
- | - | 10,000 | - | - | - | - | - | - | - |
Due to sellers of ApplianceSmart, Inc. less liabilities assumed post acquisition | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Restated equipment deposit as a purchase of equipment | |||||||||
- | - | -1,816 | - | - | - | - | - | - | - |
Conversion of accrued expense liability to Series B preferred stock | |||||||||
- | - | 2,800 | 0 | - | - | - | - | - | - |
Conversion of accrued expense liabilities into common stock | |||||||||
- | - | 584 | - | - | - | - | - | - | - |
Goodwill | |||||||||
- | - | - | -800 | 0 | - | - | - | - | - |
Intangible - Customer Relationships | |||||||||
- | - | - | 439 | 0 | - | - | - | - | - |
Inventory | |||||||||
- | - | - | 1,080 | 0 | - | - | - | - | - |
Prepaid expenses | |||||||||
- | - | - | 114 | 0 | - | - | - | - | - |
Deferred taxes | |||||||||
- | - | - | -3,074 | - | - | - | - | - | - |
Machinery & Equipment | |||||||||
- | - | - | 2,659 | 0 | - | - | - | - | - |
Buildings & Land | |||||||||
- | - | - | 1,081 | 0 | - | - | - | - | - |
Total Non-cash changes in Fair Value of Assets Acquired - Marquis Industries | |||||||||
- | - | - | 1,499 | 0 | - | - | - | - | - |
Recognition of contingent beneficial conversion feature | |||||||||
- | - | - | - | 100 | 500 | - | - | - | - |
Issuance of common stock in connection with the acquisition of LiveOpenly | |||||||||
- | - | - | - | - | - | 0 | 420 | 0 | - |
Issuance of common stock for intangibles | |||||||||
- | - | - | - | - | - | 994 | 0 | - | - |
Notes payable issued to sellers of Vintage Stock | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Conversion of notes payable and accrued interest into common stock | |||||||||
- | - | - | 0 | 635 | 0 | 1,251 | 258 | - | - |
Accrued and unpaid dividends | |||||||||
1 | 1 | 0 | 0 | 0 | 1 | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | - | - | - | - | - | 57 | 5 |