Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Sep. 30, 2015
CURRENT ASSETS:    
Cash $ 2,916 $ 5,932
Accounts receivable, less allowances (March - $690; September - $524) 10,954 6,156
Other current assets 803 942
Total current assets 14,673 13,030
Property and equipment, net 698 706
Other long-term assets 57 22
Goodwill 18,193 8,220
Intangible assets, net 11,667 4,896
TOTAL ASSETS 45,288 26,874
CURRENT LIABILITIES:    
Short-term debt 6,989 2,850
Accounts payable 1,803 825
Accrued compensation 3,537 2,687
Other current liabilities 430 $ 532
Short-term portion of subordinated debt 1,436
Contingent consideration 3,719 $ 500
Total current liabilities 17,914 7,394
Deferred rent 286 $ 243
Subordinated debt 4,994
Other long-term liabilities 66
Total long-term liabilities $ 5,346 $ 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 March 31, 2016 and 8,833 shares at September 30, 2015
Additional paid in capital $ 36,670 $ 33,492
Accumulated deficit (14,642) (14,255)
Total shareholders' equity 22,028 19,237
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 45,288 $ 26,874