v3.24.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (31,238,000) $ (75,359,000)
Less: Loss from discontinued operations, net of tax (4,386,000) (25,946,000)
Loss from continuing operations (26,852,000) (49,413,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 5,507,000 4,848,000
Provision adjustments related to ARO (2,060,000) 0
Stock-based compensation expense 548,000 5,438,000
Provision adjustments related to credit loss 96,000 193,000
Provision adjustments related to product warranty 130,000 120,000
Loss (gain) on sale of assets 18,100 (1,147,000)
Impairment of long-lived asset charges 3,010,000 22,612,000
Loss on extinguishment of debt and change in fair value of warrant liability 4,660,000 0
Total non-cash adjustments 11,909,000 32,064,000
Changes in operating assets and liabilities:    
Accounts receivable 1,137,000 (1,946,000)
Contract assets 7,219,000 (4,599,000)
Inventory 3,840,000 (5,989,000)
Other assets 1,914,000 3,197,000
Accounts payable (1,121,000) (522,000)
Contract liabilities (206,000) (3,670,000)
Financing payable 128,000 0
Operating lease liabilities - current (109,000) 862,000
Accrued expenses and other current liabilities (3,380,000) (254,000)
Total change in operating assets and liabilities 9,422,000 (12,921,000)
Net cash used in operating activities - continuing operations (5,521,000) (30,270,000)
Net cash provided by (used in) operating activities - discontinued operations 212,000 (3,367,000)
Net cash used in operating activities (5,309,000) (33,637,000)
Cash flows from investing activities:    
Purchase of property, plant, and equipment 0 (1,856,000)
Acquisition of business, net of cash acquired 0 96,000
Proceeds from disposal of property, plant, and equipment 31,000 10,915,000
Net cash provided by investing activities - continuing operations 31,000 9,155,000
Net cash provided by investing activities - discontinued operations 0 315,000
Net cash provided by investing activities 31,000 9,470,000
Cash flows from financing activities:    
Proceeds from borrowings from credit facilities 0 393,000
Payments towards borrowings from credit facilities (10,600,000) (6,877,000)
Proceeds from sale of common stock 0 34,249,000
Payments of issuance costs related to sales of common stock (18,000) (3,201,000)
Payments of taxes related to net share settlement of equity awards (24,000) (164,000)
Net cash (used in) provided by financing activities (10,642,000) 24,400,000
Effect of exchange rate changes provided by foreign currency 0 854,000
Net (decrease) increase in cash, cash equivalents and restricted cash (15,920,000) 1,087,000
Cash, cash equivalents, and restricted cash at beginning of period 26,706,000 25,619,000
Cash, cash equivalents, and restricted cash at end of period 10,786,000 26,706,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 571,000 1,230,000
Cash paid during the period for income taxes 23,000 146,000
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Changes in accounts payable related to purchases of equipment (775,000) (373,000)
Changes in accounts payable related to financing $ 0 $ 460,000

Source

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