Balance Sheet

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Sep. 30, 2019
CURRENT ASSETS:    
Cash $ 16,577 $ 4,055
Accounts receivable, less allowances ($2,149 and $515, respectively) 13,689 20,826
Prepaid expenses and other current assets 1,449 2,221
Total current assets 31,715 27,102
Property and equipment, net 811 852
Goodwill 72,293 72,293
Intangible assets, net 19,960 23,881
Right-of-use assets 4,679 0
Other long-term assets 292 353
TOTAL ASSETS 129,750 124,481
CURRENT LIABILITIES:    
Accounts payable 2,627 3,733
Acquisition deposit for working capital guarantee 3 783
Accrued compensation 6,351 5,212
Short-term portion of term loan, net of discount 0 4,668
Subordinated debt 0 1,000
Current Paycheck Protection Program Loans 7,851 0
Current operating lease liabilities 1,690 0
Other current liabilities 6,313 3,172
Total current liabilities 24,835 18,568
Deferred taxes 400 300
Paycheck Protection Program Loans 12,076 0
Revolving credit facility 11,828 14,215
Term loan, net of discount 36,767 36,029
Subordinated convertible debt (includes $0 and $1,269, net of discount, respectively, due to related parties) 0 17,954
Noncurrent operating lease liabilities 4,036 0
Other long-term liabilities 148 595
Total long-term liabilities 65,255 69,093
MEZZANINE EQUITY    
Total mezzanine equity 0 27,611
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 17,667 shares at June 30, 2020 and 12,538 shares at September 30, 2019, respectively 0 0
Additional paid in capital 57,762 49,990
Accumulated deficit (18,102) (40,781)
Total shareholders? equity 39,660 9,209
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 129,750 124,481
Series A Preferred Stock [Member]    
SHAREHOLDERS' EQUITY    
Preferred Stock Value 0 0
Series B Preferred Stock [Member]    
SHAREHOLDERS' EQUITY    
Preferred Stock Value 0 27,551
Series C Preferred Stock [Member]    
SHAREHOLDERS' EQUITY    
Preferred Stock Value $ 0 $ 60

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