Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Sep. 30, 2015
CURRENT ASSETS:    
Cash $ 3,558 $ 5,932
Accounts receivable, less allowances (June - $600; September - $524) 11,358 6,156
Other current assets 1,259 942
Total current assets 16,175 13,030
Property and equipment, net 637 706
Other long-term assets 18 22
Goodwill 17,989 8,220
Intangible assets, net 11,464 4,896
TOTAL ASSETS 46,283 26,874
CURRENT LIABILITIES:    
Short-term debt 8,012 2,850
Accounts payable 1,555 825
Accrued compensation 3,686 2,687
Other current liabilities 314 532
Short-term portion of subordinated debt 1,353
Contingent consideration 2,750 500
Total current liabilities 17,670 7,394
Deferred rent 255 243
Subordinated debt 4,995
Other long-term liabilities 61
Total long-term liabilities 5,311 243
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 - 9,379 shares at June 30, 2016 and 8,833 shares at September 30, 2015
Additional paid in capital 37,416 33,492
Accumulated deficit (14,114) (14,255)
Total shareholders' equity 23,302 19,237
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 46,283 $ 26,874