Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 2,095,666 $ 3,643,465
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 327,632 372,535
Share-based compensation 364,700 542,724
Deferred income taxes 789,197 1,883,411
Loss on disposal of fixed assets 496 3,483
Changes in current assets and liabilities (4,469,396) (9,483,239)
Net cash used in operating activities (891,705) (3,037,621)
INVESTING ACTIVITIES    
Capital expenditures (3,425) (127,588)
Net cash used in investing activities (3,425) (127,588)
FINANCING ACTIVITIES    
Purchases of common stock for treasury shares   (950)
Dividends paid on common stock   (5,338)
Net cash used in financing activities   (6,288)
Net decrease in cash (895,130) (3,171,497)
Cash at beginning of period 4,105,814 5,796,223
CASH AT END OF PERIOD 3,210,684 2,624,726
Supplemental Disclosure of Cash Flow Information:    
Cash payments for income taxes 276,284 267,394
Schedule of noncash financing and investing activities:    
Reduction of accrued expense upon issuance of shares   $ 247,310
Fixed asset additions in accounts payable $ 920