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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 419 $ 386
Accounts receivable    
Trade, net of allowance of $2,977 at March 31, 2017 and $565 at September 30, 2016 2,721 1,649
Unbilled revenues and other 498 591
Inventories, net 1,119 1,453
Prepaid expenses 559 798
Total current assets 5,316 4,877
Property and equipment, net 15,540 16,136
Lease rent receivable 69 51
Goodwill 38 38
Other assets 24 27
Total assets 20,987 21,129
Current liabilities:    
Accounts payable 1,803 2,965
Restructuring liability 1,117 1,117
Accrued expenses 1,287 1,089
Customer advances 3,763 3,114
Income taxes payable 16 13
Revolving line of credit 1,419 1,358
Fair value of interest rate swap 6 35
Current portion of capital lease obligation 125 126
Term loan, net of debt issuance costs 3,387 3,656
Total current liabilities 12,923 13,473
Capital lease obligation, less current portion 134 198
Total liabilities 13,057 13,671
Shareholders’ equity:    
Preferred shares, authorized 1,000,000 shares, no par value: 1,035 Series A shares at $1,000 stated value issued and outstanding at March 31, 2017 and 1,185 at September 30, 2016 1,035 1,185
Common shares, no par value: Authorized 19,000,000 shares; 8,188,896 issued and outstanding at March 31, 2017 and 8,107,558 at September 30, 2016 2,009 1,989
Additional paid-in capital 21,378 21,240
Accumulated deficit (16,486) (16,921)
Accumulated other comprehensive (loss) income (6) (35)
Total shareholders’ equity 7,930 7,458
Total liabilities and shareholders’ equity $ 20,987 $ 21,129