XML 20 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 334,000 $ (353,000)
Adjustments to reconcile net income (loss) to net cash:    
Stock compensation expense 698,000 459,000
Foreign exchange loss (gain) 143,000 70,000
Gain on sale of assets (4,000) (178,000)
Depreciation and amortization 1,267,000 1,196,000
Pension expense 0 318,000
Provision for inventories 182,000 137,000
Other 201,000 209,000
Other changes in assets and libilities:    
Accounts receivable, net (271,000) (196,000)
Inventories (1,080,000) (365,000)
Costs in excess of billings and unbilled receivables 310,000 (283,000)
Prepaid expenses and other assets 8,000 (346,000)
Accounts payable (176,000) 304,000
Accrued expenses and other liabilities 368,000 (145,000)
Deferred revenue 129,000 9,000
Net cash from operating activities 2,109,000 836,000
Cash flows from investing activities:    
Proceeds from sale of assets 4,000 244,000
Purchases of property, plant and equipment (1,616,000) (1,310,000)
Net cash from investing activities (1,612,000) (1,066,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 16,000 12,000
Net proceeds from issuance of convertible notes 840,000 613,000
Principal payments on capital leases (118,000) (147,000)
Proceeds from (payments of) line of credit, net 545,000 2,501,000
Payments on long-term debt (349,000) (5,244,000)
Net cash from financing activities 934,000 (2,265,000)
Effect of exchange rates on cash and cash equivalents (119,000) (52,000)
Net change in cash and cash equivalents 1,312,000 (2,547,000)
Cash and cash equivalents, beginning 1,295,000 3,842,000
Cash and cash equivalents, ending $ 2,607,000 $ 1,295,000