v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Consolidated net income $ 1,699 $ 2,099
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for uncollectible accounts 845 25
Depreciation 341 313
Deferred income taxes, net 209 0
Gain on consolidation of acquisition (849) 0
Amortization of intangible assets 1,658 1,283
Amortization of acquired inventory valuation 315 148
Amortization of loan costs 89 96
Loss on debt extinguishment 445 0
Stock-based compensation 125 245
Unrealized gain on marketable securities (35) (873)
Change in fair value of mandatorily redeemable noncontrolling interest 0 337
Right of use non-cash lease expense 1,294 1,301
Fair value adjustments of contingent earnout liabilities 32 189
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable 10,575 (2,179)
Inventory 52 (32)
Prepaid expenses and other current assets (305) (274)
Security deposits and other long-term assets 90 (32)
Duties and taxes payable 156 684
Accounts payable and accrued expenses (25,114) 4,762
Operating lease liabilities (1,313) (1,021)
Other liabilities (5) (4)
Net cash provided by (used in) operating activities: (9,696) 7,067
Cash flows from investing activities:    
Purchase of property and equipment (216) (375)
Disposal of property and equipment 52 0
Investment in marketable securities, net of dividends (195) (63)
Purchase of noncontrolling interest (574) (197)
Net cash used in investing activities: (933) (635)
Cash flows from financing activities:    
Proceeds from term loan 0 4,174
Repayments of term loan (301) 0
Proceeds from long-term debt issuance 9,120 0
Proceeds from line of credit issuance 24,843 0
Repayment of term-debt (8,283) (840)
Repayment of lines of credit (24,738) (2,438)
Payment of deferred financing costs (1,203) 0
Repayment of subordinate promissory notes (490) (841)
Proceeds from lines of credit 386,665 0
Repayment of lines of credit (372,826) 0
Repayment of acquisition loan 0 (3,700)
Dividends paid to non-controlling interests 0 (244)
Dividends paid to preferred shareholders (837) (192)
Earnout payment (2,553) (1,078)
Redemption of subsidiary stock (2,023) 0
Net cash provided by (used in) financing activities 7,374 (5,159)
Net (decrease) increase in cash and cash equivalents and restricted cash (3,255) 1,273
Cash and cash equivalents and restricted cash at beginning of the period 12,040 3,082
Cash and cash equivalents and restricted cash at end of period 8,785 4,355
Cash paid during the period for:    
Interest 336 951
Income taxes 224 178
Non-cash financing activities:    
Dividends declared to preferred stockholders $ 212 $ 194