XML 21 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flow - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities          
Net Income (Loss) $ 510,262 $ (313,706) $ 1,408,396 $ 4,632,848 $ (122,377)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization 360,241 71,037 720,872 153,422 68,686
Non-cash professional service expense 7,884
Loss (gain) on disposal of assets 13,386
Non-cash share-based compensation expense 129,832 543
Deferred income taxes 616,367 693,398 (3,330,600)
Changes in assets and liabilities:          
Decrease (Increase) in accounts receivable (462,081) 294,442 (2,434,029) 582,075 70,714
Decrease (Increase) in inventories (45,718) 89,006 45,539 373,593 (212,316)
Decrease (Increase) in costs in excess of billings 33,528 2,341,305
Decrease (Increase) in prepaid expenses & other assets 167,577 (124,686) (335,159) 78,843 (74,030)
Increase (Decrease) in accounts payable 614,896 (103,719) (962,207) (39,886) 152,204
Increase (Decrease) in accrued payroll and related expenses 46,551 (133,328) 49,498 118,792 35,051
Increase (Decrease) in accrued expenses 50,101 3,360 224,674 (86,201) 101,497
Increase (Decrease) in accrued income taxes 38,643 (23,000) 38,933 31,000
Increase (Decrease) in unearned revenue 1,318,408 1,300,000 688,402
Total adjustments 2,738,513 1,373,112 1,222,328 (2,118,962) 142,349
Net Cash Provided by (Used in) Operating Cash Activities 3,248,775 1,059,406 2,630,724 2,513,886 19,972
Cash Flows from Investing Activities          
Cash paid for acquisition (10,250,000)
Capital expenditures (78,585) (154,853) (332,794) (36,209) (64,894)
Decrease in deposits 1,000
Net Cash Provided by (Used in) Investing Activities (78,585) (154,853) (10,582,794) (36,209) (63,894)
Cash Flows from Financing Activities          
Payments on related party notes (331,711) (1,014,170)
Borrowings on related party notes 250,000
Payments on bank debt (3,113,908) (1,775,000)
Borrowings on bank debt 1,468,657 8,694,486
Payments on capital lease (15,335) (14,624) (67,974) (43,445)
Repurchase of Class B shares (11,500) (11,500)
Cash acquired in purchase of business 30,097
Net Cash Provided by (Used in) Financing Activities (1,660,586) (357,835) 5,825,842 236,652
Net Increase (decrease) in cash and cash equivalents 1,509,604 546,718 (2,126,228) 2,714,329 (43,922)
Cash and cash equivalents at beginning of year 934,506 3,060,734 3,060,734 346,405 390,327
Cash and cash equivalents at end of year 2,444,110 3,607,452 934,506 3,060,734 346,405
Supplemental disclosures of cash flow information          
Interest Paid $ 37,612 $ 67,045 $ 236,634 $ 11,830 $ 1,858