Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (unaudited)

v3.2.0.727
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
NET REVENUES:        
Contract staffing services $ 9,502 $ 8,184 $ 26,048 $ 25,111
Direct hire placement services 1,948 1,739 4,880 5,253
NET REVENUES 11,450 9,923 30,928 30,364
Cost of contract services 7,803 6,970 21,488 21,295
Selling, general and administrative expenses 3,301 3,416 9,578 10,115
Amortization of intangible assets 139 81 305 244
INCOME (LOSS) FROM OPERATIONS 207 $ (544) (443) $ (1,290)
Change in fair value of derivative liability 68   (2,251)  
Interest expense 133 $ 90 406 $ 298
Loss on extinguishment of debt (24)   (234)  
INCOME (LOSS) BEFORE INCOME TAX PROVISION $ 118 $ (634) $ (3,334) $ (1,588)
Provision for income tax        
NET INCOME (LOSS) $ 118 $ (634) $ (3,334) $ (1,588)
PREFERRED STOCK DIVIDEND (170)   (207)  
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (52) $ (634) $ (3,541) $ (1,588)
BASIC LOSS PER SHARE $ 0.00 $ (0.02) $ (0.13) $ (0.07)
DILUTED LOSS PER SHARE $ (0.00) $ (0.02) $ (0.13) $ (0.07)
WEIGHTED AVERAGE NUMBER OF SHARES - BASIC 30,985,000 25,720,000 28,303,000 23,845,000
WEIGHTED AVERAGE NUMBER OF SHARES - DILUTED 30,985,000 25,720,000 28,303,000 23,845,000