Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Sep. 30, 2014
CURRENT ASSETS:    
Cash $ 5,932 $ 168
Accounts receivable, less allowances (2015 - $524; 2014 - $395) 6,156 4,907
Other current assets 942 1,650
Total current assets 13,030 6,725
Property and equipment, net 706 $ 453
Other long-term assets 22
Goodwill 8,220 $ 1,106
Intangible assets, net 4,896 1,560
TOTAL ASSETS 26,874 9,844
CURRENT LIABILITIES:    
Short-term debt 2,850 2,711
Accounts payable 825 910
Accrued compensation $ 2,687 2,633
Convertible note payable - current portion, net of discount 35
Derivative liability 131
Other current liabilities $ 532 $ 1,214
Contingent consideration 500
Total current liabilities $ 7,394 $ 7,634
Convertible note payable, net of discount 132
Other long-term liabilities $ 243 13
Total long-term liabilities $ 243 $ 145
SHAREHOLDERS' EQUITY    
Preferred stock; no par value; authorized - 20,000 shares; issued and outstanding - none
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 8,833 shares at September 30, 2015 and 2,589 shares at September 30, 2014
Additional paid in capital $ 33,492 $ 11,658
Accumulated deficit (14,255) (9,593)
Total shareholders' equity 19,237 2,065
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 26,874 $ 9,844