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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 287 $ 386
Accounts receivable    
Trade, net of allowance of $565 at December 31, 2016 and $565 at September 30, 2016 2,450 1,649
Unbilled revenues and other 404 591
Inventories, net 1,367 1,453
Prepaid expenses 621 798
Total current assets 5,129 4,877
Property and equipment, net 15,867 16,136
Lease rent receivable 60 51
Goodwill 38 38
Other assets 26 27
Total assets 21,120 21,129
Current liabilities:    
Accounts payable 3,046 2,965
Restructuring liability 1,117 1,117
Accrued expenses 1,306 1,089
Customer advances 3,765 3,114
Income taxes payable 14 13
Revolving line of credit 597 1,358
Fair value of interest rate swap 13 35
Current portion of capital lease obligation 124 126
Term loan, net of debt issuance costs 3,465 3,656
Total current liabilities 13,447 13,473
Capital lease obligation, less current portion 166 198
Total liabilities 13,613 13,671
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 December 31, 2016 and September 30, 2016 1,185 1,185
Common shares, no par value: Authorized 19,000,000 shares; 8,107,558 issued and outstanding at December 31, 2016 and September 30, 2016, respectively 1,989 1,989
Additional paid-in capital 21,250 21,240
Accumulated deficit (16,904) (16,921)
Accumulated other comprehensive (loss) income (13) (35)
Total shareholders’ equity 7,507 7,458
Total liabilities and shareholders’ equity $ 21,120 $ 21,129