Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,925,913) $ (4,786,695)
Depreciation and amortization 338,752 193,822
Non-cash interest expense associated with convertible debt and warrants 289,493 3,291,466
Non-cash change in fair value of derivative liability 58,185 0
Stock based compensation expense 138,595 107,198
Non-cash issuance of common stock for services 29,653 168,962
Provision for uncollectible accounts (32,667) (1,995)
Loss on disposal of property and equipment (207) 1,407
Changes in assets and liabilities:    
Accounts receivable (1,377,771) 209,487
Prepaid expenses and other current assets (586,891) (67,276)
Inventory (510,569) 0
Deposits and other assets (6,890) 13,242
Accounts payable 150,638 (402,561)
Accrued liabilities 403,824 (127,951)
Net cash used in operating activities (4,031,768) (1,400,894)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of businesses, net of cash acquired (324,116) 0
Expenditures for intangible assets (11,669) (79,401)
Proceeds from the sale of fixed assets 1,400 0
Purchases of property and equipment (46,427) (41,833)
Net cash used in investing activities (380,812) (121,234)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock for cash 13,187,715 0
Payment of preferred stock dividends (16,780) 0
Proceeds from issuance of convertible debt and warrants 823,595 1,250,000
Net cash provided by financing activities 13,994,530 1,250,000
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 9,581,950 (272,128)
CASH AND CASH EQUIVALENTS, beginning of period 761,458 1,305,785
CASH AND CASH EQUIVALENTS, end of period 10,343,408 1,033,657
Noncash financing and investing activities:    
Recognition of contingent beneficial conversion feature 500,000 0
Conversion of notes payable and accrued interest into common stock 0 1,251,000
Accrued and unpaid dividends 1,438 (1,438)
Interest paid $ 754 $ 0