Balance Sheet

v3.20.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Sep. 30, 2020
CURRENT ASSETS:    
Cash $ 14,119 $ 14,074
Accounts receivable, less allowances ($435 and $2,072, respectively) 18,620 16,047
Prepaid expenses and other current assets 854 1,393
Total current assets 33,593 31,514
Property and equipment, net 850 906
Goodwill 63,443 63,443
Intangible assets, net 17,799 18,843
Right-of-use assets 4,285 4,623
Other long-term assets 501 684
TOTAL ASSETS 120,471 120,013
CURRENT LIABILITIES:    
Accounts payable 1,920 2,051
Accrued compensation 4,908 5,506
Current Paycheck Protection Program Loans 5,608 2,243
Current operating lease liabilities 1,576 1,615
Other current liabilities 8,096 6,748
Total current liabilities 22,108 18,163
Deferred taxes 215 430
Paycheck Protection Program loans and accrued interest 14,460 17,779
Revolving credit facility 11,828 11,828
Term loan, net of discount 38,744 37,752
Noncurrent operating lease liabilities 3,544 3,927
Other long-term liabilities 2,198 2,756
Total long-term liabilities 70,989 74,472
Commitments and contingencies 0 0
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - 0 0
Total mezzanine equity 0 0
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 17,667 shares at December 31, 2020 and September 30, 2020 0 0
Additional paid in capital 58,342 58,031
Accumulated deficit (30,968) (30,653)
Total shareholders' equity 27,374 27,378
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 120,471 120,013
Series A Preferred Stock [Member]    
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - 0 0
Series B Preferred Stock [Member]    
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - 0 0
Series C Preferred Stock [Member]    
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares - $ 0 $ 0

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