Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
CURRENT ASSETS:    
Cash $ 14,258 $ 14,074
Accounts receivable, less allowances ($473 and $2,072, respectively) 19,014 16,047
Prepaid expenses and other current assets 1,421 1,393
Total current assets 34,693 31,514
Property and equipment, net 851 906
Goodwill 63,443 63,443
Intangible assets, net 16,784 18,843
Right-of-use assets 4,081 4,623
Other long-term assets 386 684
TOTAL ASSETS 120,238 120,013
CURRENT LIABILITIES:    
Accounts payable 1,715 2,051
Accrued compensation 5,720 5,506
Current Paycheck Protection Program Loans 8,848 2,243
Current operating lease liabilities 1,600 1,615
Other current liabilities 8,125 6,748
Total current liabilities 26,008 18,163
Deferred taxes 289 430
Paycheck Protection Program loans and accrued interest 10,983 17,779
Revolving credit facility 11,828 11,828
Term loan, net of discount 39,731 37,752
Noncurrent operating lease liabilities 3,246 3,927
Other long-term liabilities 2,221 2,756
Total long-term liabilities 68,298 74,472
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - 0 0
Total mezzanine equity 0 0
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 17,667 shares at March 31, 2021 and September 30, 2020 0 0
Additional paid in capital 58,635 58,031
Accumulated deficit (32,703) (30,653)
Total shareholders' equity 25,932 27,378
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 120,238 120,013
Series A Preferred Stock [Member]    
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - 0 0
Series B Preferred Stock [Member]    
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - 0 0
Series C Preferred Stock [Member]    
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - $ 0 $ 0