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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 1,934 $ 2,351
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,655 3,552
Equity-based compensation 2,124 951
Provision for doubtful accounts 21 15
Amortization of deferred financing costs 100 233
Amortization of capitalized customer acquisition costs 88 0
Loss on disposal of assets 0 8
Increase (decrease) in non-cash contingent consideration expense from original estimate 154 (349)
Changes in operating assets:    
Accounts receivable 1,218 2,111
Prepaid expenses and other current assets (847) (628)
Other assets (377) (123)
Changes in operating liabilities:    
Accounts payable 960 (726)
Accrued expenses and other current liabilities (2,703) 446
Deferred revenue 178 (877)
Other long-term liabilities (21) (22)
Contingent consideration paid in excess of original estimates 0 (870)
Net cash provided by operating activities 7,484 6,072
Cash flows from investing activities:    
Expenditures for property and equipment (548) (107)
Expenditures for capitalized software (578) (412)
Purchases of merchant portfolios and residual buyouts (545) (474)
Acquisitions of businesses, net of cash acquired 0 (21,000)
Acquisition of other intangibles (111) (33)
Net cash used in investing activities (1,782) (22,026)
Cash flows from financing activities:    
Proceeds from revolving credit facility 31,283 25,000
Payments of revolving credit facility (38,390) (6,750)
Payments of notes payable to banks 0 (1,250)
Cash paid for contingent consideration 0 (730)
Proceeds from stock option exercises 472 0
Net cash (used in) provided by financing activities (6,635) 16,270
Net (decrease) increase in cash, cash equivalents, and restricted cash (933) 316
Cash, cash equivalents and restricted cash at beginning of period 3,200 1,237
Cash, cash equivalents and restricted cash at end of period 2,267 1,553
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,971 730
Cash paid for income taxes $ 287 $ 105