Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
CURRENT ASSETS:    
Cash $ 12,127 $ 9,947
Accounts receivable, less allowances ($363 and $286, respectively) 21,231 23,070
Prepaid expenses and other current assets 860 668
Total current assets 34,218 33,685
Property and equipment, net 1,083 765
Goodwill 61,293 63,443
Intangible assets, net 13,740 14,754
Right-of-use assets 3,598 3,920
Other long-term assets 1,001 1,022
TOTAL ASSETS 114,933 117,589
CURRENT LIABILITIES:    
Accounts payable 2,375 2,257
Accrued compensation 4,904 6,413
Current Paycheck Protection Program Loans 0 16,741
Current operating lease liabilities 1,646 1,681
Other current liabilities 4,718 4,065
Total current liabilities 13,643 31,157
Deferred taxes 486 591
Noncurrent operating lease liabilities 2,634 3,006
Other long-term liabilities 586 2,066
Total long-term liabilities 3,706 5,663
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares, designated 160 shares of Series A, 5,950 shares of Series B, 3,000 shares of Series C, none issued 0 0
Total mezzanine equity 0 0
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 114,100 shares at December 31, 2021 and September 30, 2021 0 0
Additional paid in capital 111,563 111,416
Accumulated deficit (13,979) (30,647)
Total shareholders' equity 97,584 80,769
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 114,933 $ 117,589