Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES:    
Net income $ 985 $ 1,530
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisition:    
Depreciation and amortization 1,085 1,482
Amortization of right-of-use assets 327 0
Impairment charges 614 0
Gain or loss on disposal of property and equipment 47 (1,507)
Amortization of debt issuance cost 108 97
Stock based compensation expense 29 47
Warrant extension fair value adjustment 266 0
Change in deferred rent 370 12
Change in reserve for uncollectible accounts 415 67
Change in reserve for obsolete inventory (170) 18
Change in deferred income taxes 281 527
Change in other 103 169
Changes in assets and liabilities:    
Trade receivables 1,929 2,838
Inventories 439 3,993
Income taxes receivable 74 24
Prepaid expenses and other current assets 290 133
Deposits and other assets 9 15
Accounts payable (2,182) (2,090)
Accrued liabilities (2,020) 894
Net cash provided by operating activities 2,999 8,249
INVESTING ACTIVITIES:    
Purchase of intangible assets (4) (46)
Proceeds from the sale of property and equipment 0 4,377
Purchase of property and equipment (641) (496)
Net cash provided by (used in) investing activities (645) 3,835
FINANCING ACTIVITIES:    
Net borrowings (payments) under revolver loans (972) (7,347)
Purchase of series E preferred treasury stock (3) 0
Purchase of common treasury stock (343) (19)
Debtor in possession - cash (173) 0
Payments on notes payable (2,042) (3,258)
Net cash used in financing activities (3,533) (10,624)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,179) 1,460
CASH AND CASH EQUIVALENTS, beginning of period 2,681 2,742
CASH AND CASH EQUIVALENTS, end of period 1,502 4,202
Supplemental cash flow disclosures:    
Interest paid 1,187 1,457
Income taxes paid (refunded) $ 0 $ 0