Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.4.0.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income $ 1,525,408 $ 2,472,491
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 226,681 251,383
Share-based compensation 254,116 380,158
Deferred income taxes 673,252 1,748,098
Loss on disposal of fixed assets 278 3,483
Changes in current assets and liabilities (3,991,414) (7,684,846)
Net cash used in operating activities (1,311,679) (2,829,233)
INVESTING ACTIVITIES    
Capital expenditures (2,739) (27,040)
Net cash used in investing activities (2,739) (27,040)
FINANCING ACTIVITIES    
Purchases of common stock for treasury shares   (950)
Dividends paid on common stock   (5,198)
Net cash used in financing activities   (6,148)
Net decrease in cash (1,314,418) (2,862,421)
Cash at beginning of period 4,105,814 5,796,223
CASH AT END OF PERIOD 2,791,396 2,933,802
Supplemental Disclosure of Cash Flow Information:    
Cash payments for income taxes $ 168,220 155,629
Schedule of noncash financing and investing activities:    
Reduction of accrued expense upon issuance of shares   $ 239,580