Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Sep. 30, 2016
CURRENT ASSETS:    
Cash $ 2,854 $ 2,528
Accounts receivable, less allowances (June - $1,915 and September - $191) 24,040 11,569
Other current assets 2,539 1,500
Total current assets 29,433 15,597
Property and equipment, net 872 611
Other long-term assets 320 34
Goodwill 73,051 18,590
Intangible assets, net 37,286 11,094
TOTAL ASSETS 140,962 45,926
CURRENT LIABILITIES:    
Revolving credit facility 8,142 7,073
Acquisition deposit for working capital guarantee 1,500
Accrued interest 1,700 54
Accounts payable 1,408 2,224
Accrued compensation 8,074 3,116
Other current liabilities 1,199 692
Short-term portion of subordinated debt 1,291 1,285
Short-term portion of term-loan, net of discount 4,554
Contingent consideration 1,750
Total current liabilities 27,868 16,194
Deferred rent 331 162
Deferred taxes 4,316
Term-loan, net of debt discounts 41,314
Subordinated debt 1,000 4,981
Subordinated convertible debt 16,685
Other long-term liabilities 40 56
Total long-term liabilities 63,686 5,199
Commitments and contingencies
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 9,879 shares at June 30, 2017 and 9,379 shares at September 30, 2016, respectively
Additional paid in capital 39,255 37,615
Accumulated deficit (19,180) (13,082)
Total shareholders' equity 20,075 24,533
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 140,962 45,926
Series A Preferred Stock [Member]    
CURRENT LIABILITIES:    
Preferred stock
Series B Convertible Preferred Stock [Member]    
CURRENT LIABILITIES:    
Preferred stock
Liquidation value of the preferred series B stock is approximately $28,800 $ 29,333

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