General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Sep. 30, 2020
Sep. 30, 2019
CURRENT ASSETS:      
Cash $ 14,119 $ 14,074 $ 4,055
Accounts receivable, less allowances ($435 and $2,072, respectively) 18,620 16,047 20,826
Prepaid expenses and other current assets 854 1,393 2,221
Total current assets 33,593 31,514 27,102
Property and equipment, net 850 906 852
ASSETS      
Goodwill 63,443 63,443 72,293
Intangible assets, net 17,799 18,843 23,881
Right-of-use assets 4,285 4,623 0
Other long-term assets 501 684 353
TOTAL ASSETS 120,471 120,013 124,481
CURRENT LIABILITIES:      
Accounts payable 1,920 2,051 3,733
Accrued compensation 4,908 5,506 5,212
Acquisition deposit for working capital guarantee   0 783
Current Paycheck Protection Program Loans 5,608 2,243  
Current operating lease liabilities 1,576 1,615 0
Short-term portion of term loan, net of discount 0 0 4,668
Other current liabilities 8,096 6,748 3,172
Subordinated debt   0 1,000
Total current liabilities 22,108 18,163 18,568
Deferred taxes 215 430 300
Paycheck Protection Program loans and accrued interest 14,460 17,779 0
Revolving credit facility 11,828 11,828 14,215
Term loan, net of discount 38,744 37,752 36,029
Noncurrent operating lease liabilities 3,544 3,927 0
Subordinated convertible debt (includes $0 and $1,269, net of discount, respectively, due to related parties)   0 17,954
Other long-term liabilities 2,198 2,756 595
Total long-term liabilities 70,989 74,472 69,093
Commitments and contingencies 0 0 0
MEZZANINE EQUITY      
Preferred stock; no par value; authorized - 20,000 shares - 0 0  
Total mezzanine equity 0 0 27,611
SHAREHOLDERS' EQUITY      
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 17,667 shares at December 31, 2020 and September 30, 2020 0 0 0
Additional paid in capital 58,342 58,031 49,990
Accumulated deficit (30,968) (30,653) (40,781)
Total shareholders' equity 27,374 27,378 9,209
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 120,471 120,013 124,481
Series A Preferred Stock [Member]      
MEZZANINE EQUITY      
Preferred stock; no par value; authorized - 20,000 shares - 0 0 0
Series B Preferred Stock [Member]      
MEZZANINE EQUITY      
Preferred stock; no par value; authorized - 20,000 shares - 0 0 27,561
Series C Preferred Stock [Member]      
MEZZANINE EQUITY      
Preferred stock; no par value; authorized - 20,000 shares - $ 0 $ 0 $ 60