Balance Sheet

v3.6.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Sep. 30, 2016
CURRENT ASSETS:    
Cash $ 2,193 $ 2,528
Accounts receivable, less allowances (December and September - $191) 12,577 11,569
Other current assets 1,592 1,500
Total current assets 16,362 15,597
Property and equipment, net 549 611
Other long-term assets 34 34
Goodwill 18,590 18,590
Intangible assets, net 10,725 11,094
TOTAL ASSETS 46,260 45,926
CURRENT LIABILITIES:    
Short-term debt 8,649 7,127
Accounts payable 1,558 2,224
Accrued compensation 2,854 3,116
Other current liabilities 1,210 692
Short-term portion of subordinated debt 1,421 1,285
Contingent consideration 750 1,750
Total current liabilities 16,442 16,194
Deferred rent 179 162
Subordinated debt 4,810 4,981
Other long-term liabilities 51 56
Total long-term liabilities 5,040 5,199
SHAREHOLDERS' EQUITY    
Preferred stock; no par value; authorized - 20,000 shares; issued and outstanding - none
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 9,379 shares at December 31, 2016 and at September 30, 2016, respectively
Additional paid in capital 37,809 37,615
Accumulated deficit (13,031) (13,082)
Total shareholders' equity 24,778 24,533
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 46,260 $ 45,926

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