Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,894) $ (3,866)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for obsolete inventory 0 45
Provision for doubtful accounts 290 461
Depreciation and amortization 332 383
Impairment of intangible assets 2,062 0
Non-cash interest 0 71
Share based payments 683 808
Amortization of deferred finance fees 555 167
Amortization of debt discount 48 85
Change in deferred tax liability 44 44
Changes in operating assets and liabilities:    
Accounts receivable 1,297 923
Inventory 0 (54)
Prepaid expenses and other assets (107) (325)
Accounts payable (563) (849)
Accrued expenses and other current liabilities 211 602
NET CASH USED IN OPERATING ACTIVITIES (1,042) (1,505)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (115) (95)
NET CASH USED IN INVESTING ACTIVITIES (115) (95)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of senior secured notes payable, net of offering costs 3,529 2,667
Proceeds from sale of preferred stock, net of offering costs 160 607
Proceeds from issuance of promissory note 300 0
Proceeds from non-current line of credit - related party 0 310
Payments on non-current line of credit - related party 0 (940)
Payments on senior secured notes payable (3,658) 0
Payments on notes payable (144) (513)
NET CASH PROVIDED BY FINANCING ACTIVITIES 187 2,131
Effect of exchange rate changes on cash and cash equivalents 184 (83)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (786) 448
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 861 246
CASH AND CASH EQUIVALENTS - END OF PERIOD 75 694
Supplemental disclosures    
Interest 357 178
Income taxes 0 0
Non-cash investing and financing activites:    
Accrued dividends $ 110 $ 64