XML 28 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (317,000) $ 1,757,000
Adjustments to reconcile net income (loss) to net cash:    
Stock compensation expense 298,000 403,000
Foreign exchange loss (gain) (14,000) 30,000
Gain on sale of assets (178,000) (1,217,000)
Depreciation and amortization 898,000 809,000
Pension expense 318,000 0
Other 110,000 80,000
Other changes in assets and libilities:    
Accounts receivable, net (122,000) (70,000)
Inventories (530,000) (492,000)
Costs in excess of billings and unbilled receivables (36,000) 69,000
Prepaid expenses and other assets (489,000) (111,000)
Accounts payable (116,000) 185,000
Accrued expenses and other liabilities 14,000 65,000
Deferred revenue 27,000 (382,000)
Net cash from operating activities (137,000) 1,126,000
Cash flows from investing activities:    
Acquisitions 0 (500,000)
Proceeds from sale of assets 244,000 4,357,000
Purchases of property, plant and equipment (747,000) (879,000)
Net cash from investing activities (503,000) 2,978,000
Cash flows from financing activities:    
Proceeds from issuance of common stock 9,000 11,000
Net proceeds from issuance of convertible notes 298,000 810,000
Principal payments on capital leases (110,000) (96,000)
Proceeds from short and long-term debt 300,000 2,707,000
Payments on long-term debt (202,000) (6,841,000)
Net cash from financing activities 295,000 (3,409,000)
Effect of exchange rates on cash and cash equivalents (19,000) (47,000)
Net change in cash and cash equivalents (364,000) 648,000
Cash and cash equivalents, beginning 3,842,000 2,437,000
Cash and cash equivalents, ending 3,478,000 3,085,000
Non cash activities:    
Assets acquired 0 1,739,000
Less: common shares issued in acquisition as consideration 0 1,239,000
Cash paid in acquisition 0 500,000
Assets purchased under capital leases 73,000 0
Tax payments (refunds) $ (8,000) $ 0