SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 30, 2016

Schedule Of Valuation And Qualifying Accounts Disclosure

A summary of activity in our allowance for doubtful accounts is as follows:

	Fiscal year ended September 30,
	2016		2015
Opening balance	$	559	$	54
Charged to expense		84		505
Accounts recovered		(25)		—
Accounts written off		(53)		—
Ending balance	$	565	$	559

Schedule Of Movement In Inventory Reserve

A summary of activity in our inventory obsolescence is as follows for the years ended September 30, 2016 and 2015:

	Fiscal year ended September 30,
	2016		2015
Opening balance	$	301	$	299
Provision for slow moving and obsolescence		21		45
Write-off of obsolete and slow moving inventory		(34)		(43)
Closing balance	$	288	$	301

Schedule of Property, Plant and Equipment

Property and equipment, net, as of September 30, 2016 and 2015 consisted of the following:

	2016		2015
Land and improvements	$	1,043	$	923
Buildings and improvements		21,943		21,347
Machinery and equipment		18,568		17,946
Office furniture and fixtures		645		640
Construction in progress		603		832
		42,802		41,688
Less:  accumulated depreciation		(26,666)		(25,699)
Net property and equipment	$	16,136	$	15,989

Schedule of Goodwill

The changes in the carrying amount of goodwill for the year ended September 30, 2016, are as follows:

	Bioanalytical Services		Preclinical Services		Total
Balance as of October 1, 2015	$	971	$	38	$	1,009
Impairment loss		(971)		-		(971)
Balance as of September 30, 2016	$	-	$	38	$	38

Fair Value, Liabilities Measured on Recurring Basis

The following table summarizes fair value measurements by level as of September 30, 2016, for the Company’s financial liabilities measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3
Interest rate swap agreement	$	-	$	35	$	-
Class A warrant liability	$	-	$	-	$	-

The following table summarizes fair value measurements by level as of September 30, 2015, for the Company’s financial liabilities measured at fair value on a recurring basis: 

	Level 1		Level 2		Level 3
Interest rate swap agreement	$	-	$	50	$	-
Class A warrant liability	$	-	$	189	$	-

Class A Warrant [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

The assumptions used to compute the fair value of the Class A Warrants at September 30, 2015 was as follows:

	September 30,
	2015
Risk-free interest rate		0.14	%
Dividend yield		0.00	%
Volatility of the Company's common shares		65.03	%
Expected life of the warrants (years)		0.6
Fair value per unit	$	0.236