Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Operating Activities      
Net loss $ (8,550) $ (6,717) $ (14,289)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,974 3,357 2,410
Write-down of inventory 84 138 294
Capitalized interest 322 0 0
Provision for (reversal of) allowance for doubtful accounts 1,698 (194) 1,304
Deferred income taxes 2,280 454 194
Non-cash share based compensation expense 1,390 1,162 795
Gain on deconsolidation of subsidiary 0 (8,814) 0
Gain on sale of fixed assets (60) 0 0
Gain on sale of other assets (2,576) 0 0
Income from equity method investment (299) 0 0
Changes in operating assets and liabilities:      
Restricted cash (253) (1,731) 2,662
Accounts receivable (4,998) 1,700 (11,786)
Inventories 491 (1,308) 3,636
Accrued income taxes 351 (4,329) 6,849
Other assets (814) 2,119 782
Accounts payable (224) 939 766
Accrued liabilities and customer deposits (1,355) 4,647 (10,805)
Deferred profit (150) (1,490) 6,107
Net cash used in operating activities (9,689) (10,067) (11,081)
Investing Activities      
Purchases of property, plant and equipment (978) (610) (462)
Investment in acquisitions, net of cash 0 8,191 0
Proceeds from sale of property, plant and equipment 255 0 0
Proceeds from partial sale of subsidiary 7,012 700 0
Proceeds from the sale of other assets 4,884 0 0
Net cash provided by (used in) investing activities 11,173 8,281 (462)
Financing Activities      
Proceeds from issuance of common stock, net 51 523 1,136
Payments on long-term obligations (739) (482) 0
Borrowings on long term debt 1,145 734 0
Excess tax benefit of stock compensation 0 30 345
Net cash provided by financing activities 457 805 1,481
Effect of Exchange Rate Changes on Cash (138) (534) 232
Net Increase (Decrease) in Cash and Cash Equivalents 1,803 (1,515) (9,830)
Cash and Cash Equivalents, Beginning of Year 25,852 27,367 37,197
Cash and Cash Equivalents, End of Year 27,655 25,852 27,367
Supplemental Cash Flow Information:      
Income tax refunds (payments), net (116) (5,104) 6,290
Issuance of common stock for acquisitions 0 26,625 0
Interest paid, net of capitalized interest 305 440 0
Supplemental Non-cash Financing Activities:      
Transfer inventory to property, plant, and equipment 0 0 527
Transfer of property, plant, and equipment to inventory $ 526 $ 0 $ 0