v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
Cash flows from operating activities:      
Net loss $ (2,139,000) $ (4,130,000)  
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation 172,000 123,000  
Stock-based compensation 95,000 200,000  
Amortization of debt discount 229,000  
Noncash lease expense 117,000 106,000  
Allowance for inventory reserve 25,000 24,000  
Changes in operating assets and liabilities:      
Accounts receivable (2,987,000) 1,586,000  
Inventories (2,641,000) (3,357,000)  
Other current assets (229,000) (567,000)  
Accounts payable 6,860,000 2,123,000  
Accrued expenses 19,000 (675,000)  
Accrued interest 1,000 1,000  
Office lease payable (120,000) (104,000)  
Vehicle lease payable (10,000)    
Deferred revenue 184,000 103,000  
Customer deposits (165,000) 151,000  
Net cash used in operating activities (589,000) (4,416,000) $ (23,900,000)
Cash flows from investing activities      
Purchases of equipment (352,000) (238,000)  
Net cash used in investing activities (352,000) (238,000)  
Cash flows from financing activities:      
Proceeds from issuance of common stock in registered direct offering, net of offering costs 14,076,000  
Proceeds from issuance of common stock in public offering, net of offering costs 1,602,000  
Proceeds from revolving line of credit 12,900,000  
Payments of revolving line of credit (12,138,000)  
Net cash provided by financing activities 762,000 15,678,000  
Net change in cash (179,000) 11,024,000  
Cash, beginning of period 485,000 4,713,000 4,713,000
Cash, end of period 306,000 15,737,000 $ 485,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
Initial right of use asset recognition 78,000  
Common stock issued for vested RSUs 5,000  
Supplemental cash flow information:      
Interest paid $ 99,000 $ 2,000  

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