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 ($)
 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net (loss) income $ (3,142,823) $ 1,525,408
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 177,444 226,681
Amortization of intangible assets 66,822 0
Share-based compensation 422,469 254,116
Warrants issued 542,930  
Deferred income taxes (1,464,900) 673,252
Loss on disposal of fixed assets 4,469 278
Changes in current assets and liabilities, net of effects of acquisition of a business    
Decrease (increase) in accounts receivable 3,471,625 (4,482,268)
Decrease (increase) in income tax receivable 158 (8,451)
Decrease (increase) in inventory 95,419 (446,513)
Decrease (increase) in prepaid expenses and other assets 37,155 327,388
(Decrease) increase in accounts payable (353,223) (56,299)
(Decrease) increase in accrued expenses and other current liabilities (917,542) 674,729
Net cash used in operating activities (1,059,997) (1,311,679)
INVESTING ACTIVITIES    
Capital expenditures (83,492) (2,739)
Net cash used in investing activities (83,492) (2,739)
Net decrease in cash (1,143,489) (1,314,418)
Cash at beginning of period 2,385,082 4,105,814
CASH AT END OF PERIOD 1,241,593 2,791,396
Supplemental Disclosure of Cash Flow Information:    
Cash payments for income taxes paid 163,501 $ 168,220
Schedule of noncash financing and investing activities:    
Issuance of common stock in connection with the APP merger 1,826,097  
Issuance of Series 4 Preferred Stock in connection with the APP Merger 17,981,883  
Reduction of accrued expense upon issuance of shares 22,176  
Fixed asset additions in accounts payable at period end $ 7,937