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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2011
Jun. 30, 2011
Current assets:  
Cash$ 2,536,000$ 2,631,000
Accounts receivable, less allowance of $474,000 as of September 30, 2011 and $390,000 as of June 30, 201115,381,00020,112,000
Income tax receivable60,00087,000
Other receivables707,000816,000
Inventory88,000132,000
Prepaid expenses and other current assets972,000926,000
Total current assets19,744,00024,704,000
Computer software and equipment6,866,0006,918,000
Office furniture and equipment1,816,0001,818,000
Leasehold improvements645,000647,000
Property, plant and equipment, gross9,327,0009,383,000
Less accumulated depreciation and amortization(7,664,000)(7,628,000)
Property, plant and equipment, net1,663,0001,755,000
Customer list, net of accumulated amortization of $5,676,000 as of September 30, 2011 and $5,570,000 as of June 30, 20113,239,0003,345,000
Goodwill15,147,00015,240,000
Trade name, net of accumulated amortization of $878,000 as of September 30, 2011 and $802,000 as of June 30, 20113,053,0003,129,000
Other assets396,000403,000
Total assets43,242,00048,576,000
Current liabilities:  
Borrowings under line of credit3,218,0003,939,000
Accounts payable and accrued expenses10,113,00013,698,000
Accrued compensation and related benefits1,412,0002,455,000
Deferred revenue4,026,0004,017,000
Obligations under capital leases28,00077,000
Total current liabilities18,797,00024,186,000
Long-term liabilities:  
Deferred tax liability1,688,0001,690,000
Obligations under capital leases25,00028,000
Total liabilities20,510,00025,904,000
Stockholders’ equity:  
Convertible Preferred Stock, $0.01 par value; 1,300,537 shares authorized, 1,298,728 shares issued; 1,090,150 shares outstanding with an aggregate liquidation preference of $1,591,000 at September 30, 2011 and June 30, 2011 (note 9)11,00011,000
Common stock, $0.01 par value; 80,000,000 shares authorized; issued and outstanding shares of 51,955,678 and 51,882,678 at September 30, 2011 and June 30, 2011, respectively520,000519,000
Additional paid-in capital64,901,00064,864,000
Accumulated deficit(43,663,000)(44,065,000)
Accumulated other comprehensive income963,0001,343,000
Total stockholders’ equity22,732,00022,672,000
Total liabilities and stockholders’ equity$ 43,242,000$ 48,576,000