Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
CURRENT ASSETS:    
Cash $ 18,622 $ 20,735
Accounts receivable, less allowances ($117 and $144, respectively) 11,752 12,751
Prepaid expenses and other current assets 1,304 762
Current assets of discontinued operations 0 1,153
Total current assets 31,678 35,401
Property and equipment, net 401 546
Goodwill 24,762 46,008
Intangible assets, net 822 834
Deferred tax assets, net 0 9,495
Right-of-use assets 2,759 3,115
Other long-term assets 142 295
Noncurrent assets of discontinued operations 0 208
TOTAL ASSETS 60,564 95,902
CURRENT LIABILITIES:    
Accounts payable 1,426 1,960
Accrued compensation 3,992 5,026
Current operating lease liabilities 1,050 1,090
Current portion of notes payable 196 0
Other current liabilities 902 899
Current liabilities of discontinued operations 0 347
Total current liabilities 7,566 9,322
Deferred taxes, net 329 0
Noncurrent operating lease liabilities 2,048 2,254
Notes payable 196 0
Other long-term liabilities 30 82
Noncurrent liabilities of discontinued operations 0 33
Total liabilities 10,169 11,691
SHAREHOLDERS' EQUITY:    
Common stock, no-par value; authorized - 200,000 shares; 114,900 shares issued and 109,413 shares outstanding at June 30, 2025 and September 30, 2024 113,547 113,129
Accumulated deficit (59,966) (25,732)
Treasury stock; at cost - 5,487 shares at June 30, 2025 and September 30, 2024 (3,186) (3,186)
Total shareholders' equity 50,395 84,211
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 60,564 $ 95,902