Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.3.1.900
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Dec. 31, 2015
Sep. 30, 2015
CURRENT ASSETS:    
Cash $ 4,610 $ 5,932
Accounts receivable, less allowances (December - $570; September - $524) 8,829 6,156
Other current assets 793 942
Total current assets 14,232 13,030
Property and equipment, net 675 706
Other long-term assets 47 22
Goodwill 15,906 8,220
Intangible assets, net 10,474 4,896
TOTAL ASSETS 41,334 26,874
CURRENT LIABILITIES:    
Short-term debt 4,245 2,850
Accounts payable 2,010 825
Accrued compensation 2,392 2,687
Other current liabilities 1,121 $ 532
Short-term portion of subordinated debt 1,490
Contingent consideration 3,000 $ 500
Total current liabilities 14,258 $ 7,394
Deferred rent 250
Subordinated debt 5,035 $ 243
Total long-term liabilities $ 5,285 $ 243
Commitments and contingencies
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 - 9,256 shares at December 31, 2015 and 8,833 shares at September 30, 2015
Additional paid in capital $ 36,440 $ 33,492
Accumulated deficit (14,649) (14,255)
Total shareholders' equity 21,791 19,237
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 41,334 $ 26,874