Cash Flow

v3.10.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES:    
Net loss $ (2,704,400) $ (2,769,300)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 30,200 23,300
Change in provision for doubtful accounts 3,200 600
Stock-based compensation 517,300 336,600
Common stock issued to vendors for services 5,600 14,800
Accretion of debt discount and non-cash interest expense 23,400 4,700
Changes in operating assets and liabilities:    
Accounts receivable (59,900) (18,100)
Prepaid expenses and other assets 21,500 6,100
Accounts payable and accrued liabilities 417,100 (38,600)
Deferred revenue (2,800)
Deferred compensation 6,600
Net cash used in operating activities (1,742,200) (2,439,900)
INVESTING ACTIVITES:    
Purchase of furniture and equipment (4,100) (28,100)
Payment for acquisition of business, net of cash acquired (306,600)
Net cash used in investing activities (4,100) (334,700)
FINANCING ACTIVITIES:    
Principal payments on note payable (8,300) (15,800)
Principal payments on capital lease (300) (300)
Net cash used in financing activities (8,600) (16,100)
NET INCREASE (DECREASE) IN CASH (1,754,900) (2,790,700)
CASH AND CASH EQUIVALENTS - BEGINNING OF THE PERIOD 3,254,700 5,449,000
CASH AND CASH EQUIVALENTS - END OF THE PERIOD 1,499,800 2,658,300
Cash paid during the period for:    
Interest 1,200 3,000
Income taxes
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING & FINANCING ACTIVITIES:    
Long-term borrowings assumed in business combination $ 651,700

Source