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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2024
Mar. 31, 2023
Sep. 30, 2023
Cash flows from operating activities:              
Net income $ 219 $ 276 $ 218 $ 360 $ 495 $ 578  
Adjustments to reconcile net income to net cash provided by operating activities:              
Recovery of uncollectible accounts         (164) (237)  
Depreciation         265 243  
Deferred income tax provision         0 (23)  
Amortization of intangible assets 542   543   1,080 1,069  
Amortization of acquired inventory valuation         171 217  
Amortization of loan costs         52 8  
Stock-based compensation         143 123  
Unrealized loss on marketable securities         642 510  
Change in fair value of mandatorily redeemable noncontrolling interest         146 0  
Fair value adjustments of contingent earnout liabilities         435 0  
Gain on extinguishment         (21) 0  
Changes in operating assets and liabilities, net of effects of acquisitions:              
Accounts receivable         430 27,112  
Inventory         (9) (145)  
Prepaid expenses and other current assets         (236) (1,729)  
Security deposits and other long-term assets         136 (116)  
Accounts payable and accrued expenses         585 (17,563)  
Other liabilities         144 53  
Net cash provided by operating activities         4,294 10,100  
Cash flows from investing activities:              
Acquisition of property and equipment, net of disposals         (327) (178)  
Earnout payment         (740) (1,693)  
Acquisitions, net of cash acquired         (571) (3,911)  
Net cash used in investing activities         (1,638) (5,782)  
Cash flows from financing activities:              
Repayments of term loan         (1,083) (725)  
Lines of credit payments, net         (1,186) (7,663)  
Repayment of subordinate promissory notes, net         (817) (208)  
Net cash used in financing activities         (3,086) (8,596)  
Net (decrease) in cash         (430) (4,278)  
Cash at beginning of the period   $ 2,461   $ 6,591 2,461 6,591 $ 6,591
Cash and restricted cash at end of period $ 2,031   $ 2,313   2,031 2,313 $ 2,461
Cash paid during the period for:              
Interest         963 781  
Income taxes         320 1,047  
Non-cash operating activities:              
Contingent earnout acquisition         64 600  
Due to former owners         740 455  
Non-cash financing activities:              
Dividends declared to preferred stockholders         $ 157 $ 142