Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
NET REVENUES:        
Contract staffing services $ 20,311 $ 9,502 $ 55,917 $ 26,048
Direct hire placement services 1,671 1,948 5,356 4,880
NET REVENUES 21,982 11,450 61,273 30,928
Cost of contract services 15,708 7,803 43,675 21,488
Selling, general and administrative expenses 5,205 3,270 14,856 9,454
Acquisition, integration and restructuring expense 29 597 30
Depreciation expense 103 31 245 94
Amortization of intangible assets 415 139 1,187 305
INCOME (LOSS) FROM OPERATIONS 522 207 713 (443)
Change in derivative liability 68 (2,251)
Change in contingent consideration 425 581
Interest expense (418) (133) (1,152) (406)
Loss on extinguishment of debt (24) (234)
INCOME (LOSS) BEFORE INCOME TAX PROVISION 529 118 142 (3,334)
Provision for income tax (1) (1)
NET INCOME (LOSS) 528 118 141 (3,334)
PREFERRED STOCK DIVIDEND (170) (207)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 528 $ (52) $ 141 $ (3,541)
BASIC INCOME (LOSS) PER SHARE $ 0.06 $ (0.02) $ 0.02 $ (1.25)
WEIGHTED AVERAGE NUMBER OF SHARES - BASIC 9,373 3,099 9,292 2,830
DILUTED INCOME (LOSS) PER SHARE $ 0.05 $ (0.02) $ 0.01 $ (1.25)
WEIGHTED AVERAGE NUMBER OF SHARES - DILUTED 9,857 3,099 9,866 2,830