XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Supporting Financial Information | 3 Months Ended
--- | ---
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supporting Financial Information | Supporting Financial Information Accounts receivable
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2018 |  | 2018
Billed receivables |  |  | $ | 13,644 |  |  | $ | 10,066 |
Contract assets |  |  | 479 |  |  | 214 |
Total accounts receivable |  |  | 14,123 |  |  | 10,280 |
Less: Allowance for doubtful accounts | (a) |  | — |  |  | — |
Accounts receivable, net |  |  | $ | 14,123 |  |  | $ | 10,280 |
Ref (a): Accounts receivable are non-interest bearing, unsecured and carried at net realizable value. We evaluate our receivables on a quarterly basis and determine whether an allowance is appropriate based on specific collection issues. No allowance for doubtful accounts was deemed necessary at either December 31, 2018 or September 30, 2018. Other current assets
|  | (in thousands)
|  | December 31, |  | September 30,
|  | 2018 |  | 2018
Prepaid insurance and benefits |  | $ | 692 |  |  | $ | 401 |
Other receivables and prepaid expenses |  | 575 |  |  | 359 |
Other current assets |  | $ | 1,267 |  |  | $ | 760 |
Equipment and improvements, net
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2018 |  | 2018
Furniture and equipment |  |  | $ | 326 |  |  | $ | 326 |
Computer equipment |  |  | 751 |  |  | 751 |
Computer software |  |  | 1,731 |  |  | 1,731 |
Leasehold improvements |  |  | 66 |  |  | 66 |
Total fixed assets |  |  | 2,874 |  |  | 2,874 |
Less accumulated depreciation and amortization |  |  | (1,430 | ) |  | (1,308 | )
Equipment and improvements, net | (a) |  | $ | 1,444 |  |  | $ | 1,566 |
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 years) and the shorter of the initial lease term or estimated useful life for leasehold improvements. Maintenance and repair costs are expensed as incurred. Depreciation expense was $0.1 million and $0.1 million for the three months ended December 31, 2018 and 2017. Intangible Assets
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2018 |  | 2018
Intangible assets | (a) |  |  |  |
Customer contracts and related customer relationships |  |  | $ | 16,626 |  |  | $ | 16,626 |
Covenants not to compete |  |  | 480 |  |  | 480 |
Trade name |  |  | 517 |  |  | 517 |
Intangible assets |  |  | 17,623 |  |  | 17,623 |
Less accumulated amortization |  |  |  |  |
Customer contracts and related customer relationships |  |  | (4,434 | ) |  | (4,018 | )
Covenants not to compete |  |  | (128 | ) |  | (116 | )
Trade name |  |  | (137 | ) |  | (124 | )
Total accumulated amortization |  |  | (4,699 | ) |  | (4,258 | )
Intangible assets, net |  |  | $ | 12,924 |  |  | $ | 13,365 |
Ref (a): Intangible assets subject to amortization. The intangibles are amortized on a straight-line basis over their estimated useful lives of 10 years. Total amount of amortization expense was $0.4 million and $0.4 million for the three months ended December 31, 2018 and 2017.
Estimated amortization expense for future years: |  | (in thousands)
Remaining Fiscal 2019 |  | $ | 1,321 |
Fiscal 2020 |  | 1,762 |
Fiscal 2021 |  | 1,762 |
Fiscal 2022 |  | 1,762 |
Fiscal 2023 |  | 1,762 |
Thereafter |  | 4,555 |
Total amortization expense |  | $ | 12,924 |
Accounts payable, accrued expenses and other current liabilities
|  | (in thousands)
|  | December 31, |  | September 30,
|  | 2018 |  | 2018
Accounts payable |  | $ | 3,853 |  |  | $ | 3,393 |
Accrued benefits |  | 1,539 |  |  | 2,060 |
Accrued bonus and incentive compensation |  | 525 |  |  | 2,191 |
Accrued workers compensation insurance |  | 3,046 |  |  | 2,642 |
Other accrued expenses |  | 955 |  |  | 664 |
Accounts payable, accrued expenses, and other current liabilities |  | $ | 9,918 |  |  | $ | 10,950 |
Debt obligations
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2018 |  | 2018
Bank term loan | (a) |  | $ | 7,395 |  |  | $ | 7,708 |
Less unamortized debt issuance costs |  |  | (677 | ) |  | (750 | )
Net bank debt obligation |  |  | 6,718 |  |  | 6,958 |
Less current portion of bank debt obligations |  |  | — |  |  | — |
Long term portion of bank debt obligation |  |  | $ | 6,718 |  |  | $ | 6,958 |
Ref (a): Maturity of the bank debt obligation as follows, in thousands: |  |
Fiscal 2019 |  | $ | — |
Fiscal 2020 |  | 1,562 |
Fiscal 2021 |  | 5,833 |
Total bank debt obligation |  | $ | 7,395 |
Interest expense
|  |  | (in thousands)
|  |  | Three Months Ended
|  |  | December 31,
| Ref |  | 2018 |  | 2017
Interest expense | (a) |  | $ | (104 | ) |  | $ | (219 | )
Amortization of debt financing costs as interest expense | (b) |  | (73 | ) |  | (65 | )
Other income (expense), net |  |  | — |  |  | 6 |
Interest expense, net |  |  | $ | (177 | ) |  | $ | (278 | )
Ref (a): Interest expense on borrowing Ref (b): Amortizations of expenses related to securing financing

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration