XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income (loss) $ 10,895 $ (4,685)
Adjustments to reconcile net income (loss) to net cash provided by operating activities, net of acquisitions:    
Depreciation and amortization 6,268 4,074
Change on operating lease (54) 211
Employee stock compensation expense 1,786 540
Provision for doubtful accounts 208 180
Gain on extinguishment of PPP loan (4,851)  
Gain on fair value remeasurement of convertible senior notes (8,362)  
Gain on tax benefit due to acquisitions (4,985)  
Other non-cash operating activities 14 10
Financing lease interest expense 184  
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Accounts receivable (11,951) (620)
Inventories 98 395
Income tax accruals 0 184
Prepaid expenses and other assets (780) (1,149)
Accounts payable 2,619 (2,047)
Accrued expenses 5,103 (130)
Customer advances 14,554 4,315
Other asset and liabilities, net   12
Net cash provided by operating activities 10,746 1,290
Investing activities:    
Capital expenditures (12,472) (6,200)
Proceeds from sale of equipment 2  
Cash paid in acquisitions, net of cash received (41,590) (3,931)
Net cash used in investing activities (54,060) (10,131)
Financing activities:    
Payments on finance lease liability (286) (319)
Repayment of PPP loan (200)  
Payments of long-term borrowings (4,153) (1,847)
Payments of debt issuance costs (6,223) (127)
Payments on revolving line of credit 0 (25,325)
Borrowings on revolving line of credit 0 24,263
Borrowings on construction loans 0 1,287
Borrowings on capex lines of credit 2,136 2,906
Borrowings on long-term loan 18,305 8,777
Proceeds from issuance of convertible senior notes 122,036  
Proceeds from issuance of convertible senior notes, restricted cash 18,000  
Proceeds from exercise of stock options 246 26
Proceeds from issuance of common stock, net 48,971  
Net cash provided by financing activities 198,832 9,641
Net increase in cash and cash equivalents 155,518 800
Cash, cash equivalents, and restricted cash at beginning of period 1,406 606
Cash, cash equivalents, and restricted cash at end of period 156,924 1,406
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,267 1,039
Acquisitions:    
Assets acquired 91,479 6,442
Liabilities assumed (14,255) (1,378)
Common shares issued (35,634) (1,133)
Cash paid $ 41,590 $ 3,931