Balance Sheet

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Sep. 30, 2020
CURRENT ASSETS:    
Cash $ 9,947,000 $ 14,074,000
Accounts receivable, less allowances ($286 and $2,072, respectively) 23,070,000 16,047,000
Prepaid expenses and other current assets 668,000 1,393,000
Total current assets 33,685,000 31,514,000
Property and equipment, net 765,000 906,000
Goodwill 63,443,000 63,443,000
Intangible assets, net 14,754,000 18,843,000
Right-of-use assets 3,920,000 4,623,000
Other long-term assets 1,022,000 684,000
TOTAL ASSETS 117,589,000 120,013,000
CURRENT LIABILITIES:    
Accounts payable 2,257,000 2,051,000
Accrued compensation 6,413,000 5,506,000
Current Paycheck Protection Program Loans and accrued interest 16,741,000 2,243,000
Current operating lease liabilities 1,681,000 1,615,000
Other current liabilities 4,065,000 6,748,000
Total current liabilities 31,157,000 18,163,000
Deferred taxes 591,000 430,000
Paycheck Protection Program loans and accrued interest 0 17,779,000
Revolving credit facility 0 11,828,000
Term loan, net of discount 0 37,752,000
Noncurrent operating lease liabilities 3,006,000 3,927,000
Other long-term liabilities 2,066,000 2,756,000
Total long-term liabilities 5,663,000 74,472,000
MEZZANINE EQUITY    
Preferred stock; no par value; authorized - 20,000 shares, designated 160 shares of Series A, 5,950 shares of Series B, 3,000 shares of Series C, none issued 0 0
Total mezzanine equity 0 0
SHAREHOLDERS' EQUITY    
Common stock, no-par value; authorized - 200,000 shares; issued and outstanding - 114,100 shares at September 30, 2021 and 17,667 shares at September 30, 2020, respectively 0 0
Additional paid in capital 111,416,000 58,031,000
Accumulated deficit (30,647,000) (30,653,000)
Total shareholders' equity 80,769,000 27,378,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 117,589,000 $ 120,013,000

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