v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Consolidated net income $ 4,242 $ 2,986
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for uncollectible accounts 894 18
Depreciation 507 469
Deferred income taxes, net 209 0
Gain on consolidation of acquisition (849) 0
Amortization of intangible assets 2,701 1,937
Amortization of acquired inventory valuation 768 211
Amortization of loan costs 147 143
Loss on debt extinguishment 445 0
Stock-based compensation 187 367
Unrealized gain on marketable securities (93) (794)
Change in fair value of mandatorily redeemable noncontrolling interest 0 337
Right of use non-cash lease expense 1,914 1,042
Fair value adjustments of contingent earnout liabilities 48 335
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable 7,401 (8,436)
Inventory (140) (431)
Prepaid expenses and other current assets 73 (507)
Security deposits and other long-term assets 104 (286)
Duties and taxes payable 321 253
Accounts payable and accrued expenses (28,827) 20,747
Tariff refunds payable 32,030 0
Operating lease liabilities (1,925) (1,707)
Other liabilities (23) 948
Net cash provided by operating activities: 20,134 17,632
Cash flows from investing activities:    
Purchase of property and equipment (250) (398)
Disposal of property and equipment 52 2
Investment in marketable securities, net of dividends (301) (142)
Purchase of noncontrolling interest (574)  
Acquisitions, net of cash received   (2,752)
Asset acquisitions (10,000) 0
Net cash used in investing activities: (11,073) (3,290)
Cash flows from financing activities:    
Proceeds from term loan 0 3,386
Repayments of term loan (472) 0
Proceeds from long-term debt issuance 9,120 0
Proceeds from line of credit issuance 24,843 0
Issuance of note receivable 0 (298)
Repayment of term-debt (8,283)  
Repayments of prior lines of credit (24,738) (8,903)
Payment of deferred financing costs (1,203) 0
Repayment of subordinate promissory notes (735) (1,186)
Proceeds from lines of credit 474,621 0
Repayment of lines of credit (464,697) 0
Proceeds from revolving credit facility 9,668 0
Repayment of revolving credit facility 0 (3,700)
Dividends paid to non-controlling interests 0 (244)
Dividends paid to preferred shareholders (951) (300)
Earnout payments (2,553) (1,078)
Redemption of subsidiary stock (2,024) 0
Net cash provided by (used in) financing activities 12,596 (12,323)
Net increase in cash and cash equivalents and restricted cash 21,657 2,019
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 33,697 5,101
Cash paid during the period for:    
Interest 640 1,291
Income taxes 458 853
Non-cash investing activities:    
Airschott contingent deferred consideration 0 48
Non-cash financing activities:    
Dividends declared to preferred stockholders 326 271
Contingent earnout per asset acquisitions $ 1,440 $ 0