Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (450,631) $ (4,045,094)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 136,670 395,728
Stock based compensation expense 86,894 23,499
Amortization of deferred stock compensation   17,885
Provision for uncollectible accounts 33,443 392,171
Non-cash impairment of goodwill and intangibles   367,588
Loss/(Gain) on disposal of property and equipment   25,350
Changes in assets and liabilities:    
Accounts receivable 116,459 (307,759)
Prepaid expenses and other current assets 26,942 38,111
Deposits and other assets (2,200) (2,795)
Accounts payable 147,644 404,333
Accrued liabilities (89,537) (114,715)
Net cash provided by (used in) operating activities 5,684 (2,805,698)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for intangible assets (8,169)  
Net cash used in investing activities (8,169)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments on capital lease obligations (31,662) (30,542)
Issuance of common stock for cash 2,150,000 250,000
Payments on notes payable (250,000)  
Net cash provided by financing activities 1,868,338 219,458
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 1,865,853 (2,586,240)
CASH AND CASH EQUIVALENTS, beginning of period 244,470 3,227,374
CASH AND CASH EQUIVALENTS, end of period 2,110,323 641,134
Noncash financing and investing activities:    
Accrued and unpaid dividends 958 958
Interest paid 85,314 2,270
Income tax paid (received)