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Supporting Financial Information | 3 Months Ended
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Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supporting Financial Information | Supporting Financial Information Accounts receivable
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2016 |  | 2016
Billed receivables |  |  | $ | 7,260 |  |  | $ | 5,265 |
Unbilled receivables |  |  | 32 |  |  | 1,372 |
Total accounts receivable |  |  | 7,292 |  |  | 6,637 |
Less: Allowance for doubtful accounts | (a) |  | — |  |  | — |
Accounts receivable, net |  |  | $ | 7,292 |  |  | $ | 6,637 |
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 December 31, 2016 and September 30, 2016. Other current assets
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2016 |  | 2016
Prepaid insurance and benefits |  |  | $ | 326 |  |  | $ | 168 |
Total other prepaid expenses |  |  | 299 |  |  | 374 |
Other current assets |  |  | $ | 625 |  |  | $ | 542 |
Equipment and improvements, net
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2016 |  | 2016
Furniture and equipment |  |  | $ | 651 |  |  | $ | 638 |
Computer equipment |  |  | 209 |  |  | 202 |
Computer software |  |  | 309 |  |  | 309 |
Leasehold improvements |  |  | 38 |  |  | 38 |
Total fixed assets |  |  | 1,207 |  |  | 1,187 |
Less accumulated depreciation and amortization |  |  | (607 | ) |  | (543 | )
Equipment and improvements, net | (a) |  | $ | 600 |  |  | $ | 644 |
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. Goodwill and Intangibles
|  |  |  |  | (in thousands) |
| Ref |  | Goodwill |  | Customer Relationships (a) |  | Non Compete Agreement (a) |  | Trade Name (a) |  | Total |
Balance at September 30, 2016 |  |  | $ | 34,745 |  |  | $ | 6,254 |  |  | $ | 1,305 |  |  | $ | — |  |  | $ | 42,304 |  |
Measurement period adjustment | (b) |  | (8,756 | ) |  | 9,379 |  |  | (890 | ) |  | 517 |  |  | 250 |  |
Amortization period adjustment | (b) |  |  |  | 300 |  |  | 45 |  |  | (21 | ) |  | 324 |  |
Accumulated amortization |  |  | — |  |  | (415 | ) |  | (12 | ) |  | (13 | ) |  | (440 | ) |
Net balance at December 31, 2016 | (c) |  | $ | 25,989 |  |  | $ | 15,518 |  |  | $ | 448 |  |  | $ | 483 |  |  | $ | 42,438 |  |
Ref (a): Intangible assets subject to amortization. Ref (b): See Note 11 for discussion on measurement and amortization period adjustments
Ref (c): Estimated amortization expense for future years: |  |  |  | (in thousands)
Year 1 |  |  |  | $ | 1,762 |
Year 2 |  |  |  | 1,762 |
Year 3 |  |  |  | 1,762 |
Year 4 |  |  |  | 1,762 |
Year 5 |  |  |  | 1,762 |
Thereafter |  |  |  | 7,639 |
|  |  |  | $ | 16,449 |
Ref (a): Intangibles acquired during the acquisition of Danya included customer relationships, a covenant not to compete, and a trade name. The intangibles are amortized on a straight-line basis over the estimated useful lives (10 years). Net amount of amortization expense for the quarter ended December 31, 2016 was $.1 million.
Accounts payable, accrued expenses and other current liabilities
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2016 |  | 2016
Accounts payable |  |  | $ | 5,174 |  |  | $ | 4,324 |
Accrued benefits |  |  | 1,164 |  |  | 1,197 |
Accrued bonus and incentive compensation |  |  | — |  |  | 508 |
Accrued workers compensation insurance |  |  | 610 |  |  | 981 |
Other accrued expenses |  |  | — |  |  | 126 |
Accounts payable, accrued expenses, and other current liabilities |  |  | $ | 6,948 |  |  | $ | 7,136 |
Debt obligations
|  |  | (in thousands)
|  |  | December 31, | September 30,
| Ref |  | 2016 |  | 2016
Bank term loan | (a) |  | $ | 22,500 |  |  | $ | 23,438 |
Gross bank debt obligations |  |  | 22,500 |  |  | 23,438 |
Less unamortized debt issuance costs |  |  | (1,162 | ) |  | (1,222 | )
Net bank debt obligation |  |  | 21,338 |  |  | 22,216 |
Less current portion of bank debt obligations |  |  | (3,570 | ) |  | (3,560 | )
Long term portion of bank debt obligation |  |  | $ | 17,768 |  |  | $ | 18,656 |
Ref (a): Maturity of the bank debt is as follows: |  |  |  |  |
Year 1 |  |  | $ | 3,750 |  |  |
Year 2 |  |  | 3,750 |  |  |
Year 3 |  |  | 3,750 |  |  |
Year 4 |  |  | 3,750 |  |  |
Year 5 |  |  | 7,500 |  |  |
Total net bank debt obligation |  |  | $ | 22,500 |  |  |
Other Income (Expense)
|  |  | (in thousands)
|  |  | Three Months Ended
|  |  | December 31,
| Ref |  | 2016 |  | 2015
Interest income (expense), net | (a) |  | $ | (225 | ) |  | $ | — |
Amortization of deferred financing costs | (b) |  | (60 | ) |  | — |
Change in fair value of derivative financial instruments |  |  | (79 | ) |  | — |
Other income (expense), net | (c) |  | — |  |  | (575 | )
Other income (expense), net |  |  | $ | (364 | ) |  | $ | (575 | )
Ref (a): Interest expense on borrowing related to acquisition of Danya Ref (b): Amortizations of expenses related to securing financing to acquire Danya Ref (c): Other expenses in 2015 includes approximately $(0.6) million non-operational acquisition expense.

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