XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 214,000 $ (317,000)
Adjustments to reconcile net income (loss) to net cash:    
Stock compensation expense 592,000 298,000
Foreign exchange loss (gain) 164,000 (14,000)
Gain on sale of assets (4,000) (178,000)
Depreciation and amortization 939,000 898,000
Pension expense 0 318,000
Other 160,000 110,000
Other changes in assets and libilities:    
Accounts receivable, net (1,760,000) (122,000)
Inventories (1,090,000) (530,000)
Costs in excess of billings and unbilled receivables 268,000 (36,000)
Prepaid expenses and other assets (92,000) (489,000)
Accounts payable (74,000) (116,000)
Accrued expenses and other liabilities 157,000 14,000
Deferred revenue 119,000 27,000
Net cash from operating activities (407,000) (137,000)
Cash flows from investing activities:    
Proceeds from sale of assets 4,000 244,000
Purchases of property, plant and equipment (1,342,000) (747,000)
Net cash from investing activities (1,338,000) (503,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 11,000 9,000
Net proceeds from issuance of convertible notes 390,000 298,000
Principal payments on capital leases (101,000) (110,000)
Proceeds from short and long-term debt 1,203,000 300,000
Payments on long-term debt (740,000) (202,000)
Net cash from financing activities 763,000 295,000
Effect of exchange rates on cash and cash equivalents (81,000) (19,000)
Net change in cash and cash equivalents (1,063,000) (364,000)
Cash and cash equivalents, beginning 1,295,000 3,842,000
Cash and cash equivalents, ending 232,000 3,478,000
Non cash activities:    
Assets purchased under capital leases 240,000 73,000
Tax payments (refunds) $ (64,000) $ (8,000)