Balance Sheet

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Sep. 30, 2017
CURRENT ASSETS:    
Cash $ 3,480 $ 2,785
Accounts receivable, less allowances (December - $1,659 and September - $1,712) 22,669 23,178
Other current assets 1,399 3,014
Total current assets 27,548 28,977
Property and equipment, net 945 914
Other long-term assets 282 282
Goodwill 76,593 76,593
Intangible assets, net 33,653 35,049
TOTAL ASSETS 139,021 141,815
CURRENT LIABILITIES:    
Revolving credit facility 10,000 7,904
Acquisition deposit for working capital guarantee 1,500 1,500
Accrued interest 1,995 2,175
Accounts payable 2,073 3,243
Accrued compensation 6,127 7,394
Other current liabilities 223 515
Short-term portion of subordinated debt 1,013 1,225
Short-term portion of term-note, net of discount 3,987 3,433
Total current liabilities 26,918 27,389
Deferred rent 120 334
Deferred taxes 930 958
Term-loan, net of debt discounts 40,844 42,018
Subordinated debt 1,000 1,000
Subordinated convertible debt 16,685 16,685
Other long-term liabilities 31 35
Total long-term liabilities 59,610 61,030
Commitments and contingencies  
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 10,015 shares at December 31, 2017 and 9,879 shares at September 30, 2017, respectively
Additional paid in capital 40,405 39,517
Accumulated deficit (17,245) (15,454)
Total shareholders' equity 23,160 24,063
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 139,021 141,815
Series A Preferred Stock [Member]    
CURRENT LIABILITIES:    
Preferred stock
Series B Convertible Preferred Stock [Member]    
CURRENT LIABILITIES:    
Preferred stock $ 29,333 $ 29,333

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