|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Mar. 31, 2014
|
Mar. 31, 2013
|
| Operating activities |
|
|
| Net loss |
$ (1,561) |
$ (166) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |
|
|
| Gain or equity in earnings on investment in Mediasite KK |
(1,429) |
(168) |
| Amortization of other intangibles |
71 |
10 |
| Amortization of software development costs |
88 |
|
| Depreciation and amortization of property and equipment |
603 |
530 |
| Deferred taxes |
1,109 |
120 |
| Stock-based compensation expense related to stock options |
475 |
346 |
| Provision for doubtful accounts |
133 |
|
| Changes in operating assets and liabilities, net of acquisition: |
|
|
| Accounts receivable |
(2,117) |
(75) |
| Inventories |
(229) |
23 |
| Prepaid expenses and other current assets |
(916) |
(158) |
| Accounts payable and accrued liabilities |
1,352 |
(388) |
| Other long-term liabilities |
(44) |
(44) |
| Unearned revenue |
1,216 |
455 |
| Net cash (used in) provided by operating activities |
(1,249) |
485 |
| Investing activities |
|
|
| Software development costs |
|
(458) |
| Purchases of property and equipment |
(366) |
(531) |
| Cash received in Mediasite KK acquisition, net of cash paid |
1,281 |
|
| Cash paid for MediaMission acquisition, net of cash acquired |
(119) |
|
| Net cash provided by (used in) investing activities |
796 |
(989) |
| Financing activities |
|
|
| Proceeds from notes payable |
1,954 |
|
| Payments on notes payable |
(677) |
(333) |
| Payment on debt issuance costs |
(28) |
|
| Proceeds from exercise of common stock options |
182 |
89 |
| Proceeds from issuance of common stock |
32 |
23 |
| Payments on capital lease obligations |
(118) |
(77) |
| Net cash provided by (used in) financing activities |
1,345 |
(298) |
| Changes in cash and cash equivalents due to changes in foreign currency exchange rates |
(9) |
|
| Net increase (decrease) in cash and cash equivalents |
883 |
(802) |
| Cash and cash equivalents at beginning of period |
3,482 |
4,478 |
| Cash and cash equivalents at end of period |
4,365 |
3,676 |
| Non-cash transactions: |
|
|
| Property and equipment financed by accounts payable, accrued liabilities or capital lease |
61 |
175 |
| Accrual of patent settlement |
400 |
|
| Subordinated note payable issuance for purchase of MediaMission and MSKK |
2,567 |
|
| Common stock issued for purchase of MediaMission and MSKK |
$ 2,306 |
|