Balance Sheet

v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Sep. 30, 2018
CURRENT ASSETS:    
Cash $ 4,163 $ 3,213
Accounts receivable, less allowances ($302 and $302, respectively) 20,437 20,755
Prepaid expenses and other current assets 2,756 2,266
Total current assets 27,356 26,234
Property and equipment, net 832 891
Goodwill 72,293 76,593
Intangible assets, net 25,277 29,467
Other long-term assets 588 416
TOTAL ASSETS 126,346 133,601
CURRENT LIABILITIES:    
Accounts payable and accrued compensation 9,100 7,735
Acquisition deposit for working capital guarantee 883 883
Short-term portion of subordinated debt 1,000 106
Short-term portion of term loan, net of discount 2,931 2,331
Other current liabilities 2,027 2,064
Total current liabilities 15,941 13,119
Deferred taxes 542 146
Revolving credit facility 13,865 11,925
Term loan, net of discounts 38,064 40,253
Subordinated convertible debt (includes $1,195, net of discount, due to related parties) 17,880 17,685
Other long-term liabilities 613 583
Total long-term liabilities 70,964 70,592
Commitments and contingencies
Total mezzanine equity 27,571 28,788
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 11,721 shares at March 31, 2019 and 10,783 shares at September 30, 2018, respectively
Additional paid in capital 49,064 44,120
Accumulated deficit (37,194) (23,018)
Total shareholders' equity 11,870 21,102
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 126,346 133,601
Series A Preferred Stock    
CURRENT LIABILITIES:    
Preferred stock
Series B Preferred Stock    
CURRENT LIABILITIES:    
Preferred stock 27,551 28,788
Series C Preferred Stock    
CURRENT LIABILITIES:    
Preferred stock $ 20

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