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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 453 $ 438
Accounts receivable    
Trade, net of allowance of $540 at March 31, 2016 and $559 at September 30, 2015, respectively 2,630 2,904
Unbilled revenues and other 1,097 1,110
Inventories 1,416 1,466
Prepaid expenses 383 773
Total current assets 5,979 6,691
Property and equipment, net 15,938 15,989
Goodwill 1,009 1,009
Debt issue costs 80 94
Other assets 30 32
Total assets 23,036 23,815
Current liabilities:    
Accounts payable 3,301 2,858
Accrued expenses 1,304 1,710
Customer advances 3,080 3,414
Income tax accruals 29 30
Revolving line of credit 1,128 86
Fair value of warrant liability 21 189
Fair value of interest rate swap 46 50
Current portion of capital lease obligation 114 230
Current portion of long-term debt 4,059 786
Total current liabilities 13,082 9,353
Capital lease obligation, less current portion 53 68
Long-term debt, less current portion 0 3,666
Total liabilities 13,135 13,087
Shareholders’ equity:    
Preferred shares, authorized 1,000,000 shares, no par value: 1,185 Series A shares at $1,000 stated value issued and outstanding at March 31, 2016 and September 30, 2015, respectively 1,185 1,185
Common shares, no par value: Authorized 19,000,000 shares; 8,107,558 shares and 8,105,007 issued and outstanding at March 31, 2016 and September 30, 2015, respectively 1,989 1,988
Additional paid-in capital 21,224 21,193
Accumulated deficit (14,451) (13,691)
Accumulated other comprehensive income (loss) (46) 53
Total shareholders’ equity 9,901 10,728
Total liabilities and shareholders’ equity $ 23,036 $ 23,815