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Supporting Financial Information Supporting Financial Information | 12 Months Ended
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Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supporting Financial Information | Supporting Financial Information Accounts receivable
|  |  |  | (in thousands) |
|  |  | September 30, |  | September 30,
| Ref |  |  | 2016 |  |  |  | 2015 |
Billed receivables |  |  |  | $ | 5,265 |  |  |  |  | $ | 2,498 |  |
Unbilled receivables |  |  |  | 1,372 |  |  |  |  | 788 |  |
Total accounts receivable |  |  |  | 6,637 |  |  |  |  | 3,286 |  |
Less: Allowance for doubtful accounts | (a) |  |  | — |  |  |  |  | — |  |
Accounts receivable, net |  |  |  | $ | 6,637 |  |  |  |  | $ | 3,286 |  |
Ref (a): Accounts receivable are non-interest bearing, unsecured and carried at fair value, which is net of an allowance for doubtful accounts. We evaluate our receivables on a quarterly basis and determine whether an allowance is appropriate based on specific collection issues. Our allowance for doubtful accounts was zero at both September 30, 2016 and September 30, 2015. Our allowance for doubtful accounts is assessed based on Company policy of specific identification for aged items. The Company generally does not have delinquent receivables due to the nature of its business. Other current assets
|  |  |  | (in thousands) |
|  |  | September 30, |  | September 30,
| Ref |  |  | 2016 |  |  |  | 2015 |
Prepaid insurance and benefits |  |  |  | $ | 168 |  |  |  |  | $ | 156 |  |
Other receivables and prepaid expenses |  |  |  | 374 |  |  |  |  | 273 |  |
Other current assets |  |  |  | $ | 542 |  |  |  |  | $ | 429 |  |
Equipment and improvements, net
|  |  |  | (in thousands) |
|  |  | September 30, |  | September 30,
| Ref |  |  | 2016 |  |  |  | 2015 |
Furniture and equipment |  |  |  | $ | 638 |  |  |  |  | $ | 197 |  |
Computer equipment |  |  |  | 202 |  |  |  |  | 162 |  |
Computer software |  |  |  | 309 |  |  |  |  | 297 |  |
Leasehold improvements |  |  |  | 38 |  |  |  |  | 63 |  |
Total fixed assets |  |  |  | 1,187 |  |  |  |  | 719 |  |
Less accumulated depreciation and amortization |  |  |  | (543 | ) |  |  |  | (383 | ) |
Equipment and improvements, net | (a) |  |  | $ | 644 |  |  |  |  | $ | 336 |  |
Ref (a): Equipment and improvements are stated at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful asset lives (3 to 7) and the shorter of the initial lease term or estimated useful life for leasehold improvements. Maintenance and repair costs are expensed as incurred. Depreciation of equipment was $188 thousand as of September 30, 2016 and $55 thousand as of September 30, 2015. Goodwill and Intangibles
|  |  |  |  | (in thousands) |
|  |  |  | September 30, 2016
| Ref |  | Goodwill |  | Customer Relationships |  | Non Compete |  | Total |
Gross Balance |  |  | $ | 34,745 |  |  | $ | 7,247 |  |  | $ | 1,370 |  |  | $ | 43,362 |  |
Accumulated amortization |  |  | — |  |  | (993 | ) |  | (65 | ) |  | (1,058 | ) |
Net balance | (a) |  | $ | 34,745 |  |  | $ | 6,254 |  |  | $ | 1,305 |  |  | $ | 42,304 |  |
Ref (a): Estimated amortization expense for future years: |  |  |  | (in thousands)
Year 1 |  |  |  | $ | 2,375 |
Year 2 |  |  |  | 2,142 |
Year 3 |  |  |  | 1,519 |
Year 4 |  |  |  | 825 |
Year 5 |  |  |  | 152 |
Thereafter |  |  |  | 546 |
|  |  |  | $ | 7,559 |
Ref (a): Intangibles acquired during the acquisition of Danya included customer relationships and a covenant not to compete. The intangibles are amortized on a straight-line basis over the estimated useful lives (4- 9 years). Total amount of amortization expense for the year ended September 30, 2016 was $1 million. Accrued payroll
|  |  |  | (in thousands) |
|  |  | September 30, |  | September 30,
| Ref |  |  | 2016 |  |  |  | 2015 |
Accrued payroll related to billed receivables |  |  |  | $ | 3,616 |  |  |  |  | $ | 2,259 |  |
Accrued payroll related to unbilled accounts receivable |  |  |  | — |  |  |  |  | 536 |  |
Total accrued payroll |  |  |  | $ | 3,616 |  |  |  |  | $ | 2,795 |  |
Accounts payable, accrued expenses and other current liabilities
|  |  |  | (in thousands) |
|  |  | September 30, |  | September 30,
| Ref |  |  | 2016 |  |  |  | 2015 |
Accounts payable |  |  |  | $ | 4,324 |  |  |  |  | $ | 87 |  |
Accrued benefits |  |  |  | 1,197 |  |  |  |  | 267 |  |
Accrued bonus and incentive compensation |  |  |  | 508 |  |  |  |  | 858 |  |
Accrued workers compensation insurance |  |  |  | 981 |  |  |  |  | 945 |  |
Other accrued expenses |  |  |  | 126 |  |  |  |  | 694 |  |
Accounts payable, accrued expenses, and other current liabilities |  |  |  | $ | 7,136 |  |  |  |  | $ | 2,851 |  |
Debt obligations
|  |  |  | (in thousands) |
|  |  | September 30, |  | September 30,
| Ref |  |  | 2016 |  |  |  | 2015 |
Bank term loan | (a) |  |  | $ | 23,438 |  |  |  |  | $ | — |  |
Less unamortized debt issuance costs |  |  |  | (1,222 | ) |  |  |  | — |  |
Net bank debt obligation |  |  |  | 22,216 |  |  |  |  | — |  |
Less current portion of bank debt obligations |  |  |  | (3,560 | ) |  |  |  | — |  |
Long term portion of bank debt obligation |  |  |  | $ | 18,656 |  |  |  |  | $ | — |  |
Ref (a): Maturity of the net bank debt obligation as follows, in thousands: |  |  |  |  |
Year 1 |  |  |  | $ | 3,750 |  |  |  |  |  |
Year 2 |  |  |  | 3,750 |  |  |  |  |  |
Year 3 |  |  |  | 3,750 |  |  |  |  |  |
Year 4 |  |  |  | 3,750 |  |  |  |  |  |
Year 5 |  |  |  | 8,438 |  |  |  |  |  |
Total net bank debt obligation |  |  |  | $ | 23,438 |  |  |  |  |  |
Other Income (Expense)
|  | (in thousands)
|  | Twelve Months Ended
|  | September 30,
| Ref | 2016 |  |  | 2015 |
Interest income (expense), net | (a) | $ | (454 | ) |  | $ | (80 | )
Amortization of deferred financing costs | (b) | (289 | ) |  | — |
Other income (expense), net | (c) | (80 | ) |  | 824 |
Acquisition expense | (d) | (795 | ) |  | — |
Other income (expense), net |  | $ | (1,618 | ) |  | $ | 744 |
Ref (a): Interest expense on borrowing related to the acquisition of Danya Ref (b): Amortizations of expenses related to securing financing to acquire Danya Ref (c): Prior year miscellaneous other income includes $1.5 million from resolution of the legacy payroll tax issue in fourth quarter 2015, partially offset by the $0.6 million, net, March 2015 non-cash settlement of the retroactive payment issue. Ref (d): Reflects non-operational expenses related to the acquisition Danya.

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