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Supporting Financial Information | 6 Months Ended
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Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supporting Financial Information | Supporting Financial Information Accounts receivable
|  |  | (in thousands)
|  |  | March 31, |  | September 30,
| Ref |  | 2019 |  | 2018
Billed receivables |  |  | $ | 9,213 |  |  | $ | 10,066 |
Contract assets |  |  | 183 |  |  | 214 |
Total accounts receivable |  |  | 9,396 |  |  | 10,280 |
Less: Allowance for doubtful accounts | (a) |  | — |  |  | — |
Accounts receivable, net |  |  | $ | 9,396 |  |  | $ | 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 March 31, 2019 or September 30, 2018. Other current assets
|  | (in thousands)
|  | March 31, |  | September 30,
|  | 2019 |  | 2018
Prepaid insurance and benefits |  | $ | 737 |  |  | $ | 401 |
Other receivables and prepaid expenses |  | 772 |  |  | 359 |
Other current assets |  | $ | 1,509 |  |  | $ | 760 |
Equipment and improvements, net
|  |  | (in thousands)
|  |  | March 31, |  | September 30,
| Ref |  | 2019 |  | 2018
Furniture and equipment |  |  | $ | 326 |  |  | $ | 326 |
Computer equipment |  |  | 748 |  |  | 751 |
Computer software |  |  | 1,738 |  |  | 1,731 |
Leasehold improvements |  |  | 66 |  |  | 66 |
Total equipment and improvements |  |  | 2,878 |  |  | 2,874 |
Less accumulated depreciation and amortization |  |  | (1,550 | ) |  | (1,308 | )
Equipment and improvements, net | (a) |  | $ | 1,328 |  |  | $ | 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 March 31, 2019 and 2018, respectively, and $0.2 million and $0.2 million for the six months ended March 31, 2019 and 2018, respectively. Intangible Assets
|  |  | (in thousands)
|  |  | March 31, |  | September 30,
| Ref |  | 2019 |  | 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 |  |  | (4,850 | ) |  | (4,018 | )
Covenants not to compete |  |  | (140 | ) |  | (116 | )
Trade name |  |  | (150 | ) |  | (124 | )
Total accumulated amortization |  |  | (5,140 | ) |  | (4,258 | )
Intangible assets, net |  |  | $ | 12,483 |  |  | $ | 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 March 31, 2019 and 2018, respectively, and $0.9 million and $0.9 million for the six months ended March 31, 2019 and 2018, respectively.
Estimated amortization expense for future years: |  | (in thousands)
Remaining Fiscal 2019 |  | $ | 883 |
Fiscal 2020 |  | 1,762 |
Fiscal 2021 |  | 1,762 |
Fiscal 2022 |  | 1,762 |
Fiscal 2023 |  | 1,762 |
Thereafter |  | 4,552 |
Total amortization expense |  | $ | 12,483 |
Accounts payable, accrued expenses and other current liabilities
|  | (in thousands)
|  | March 31, |  | September 30,
|  | 2019 |  | 2018
Accounts payable |  | $ | 3,818 |  |  | $ | 3,393 |
Accrued benefits |  | 2,150 |  |  | 2,060 |
Accrued bonus and incentive compensation |  | 1,051 |  |  | 2,191 |
Accrued workers compensation insurance |  | 3,465 |  |  | 2,642 |
Other accrued expenses |  | 821 |  |  | 664 |
Accounts payable, accrued expenses, and other current liabilities |  | $ | 11,305 |  |  | $ | 10,950 |
Debt obligations
|  |  | (in thousands)
|  |  | March 31, |  | September 30,
| Ref |  | 2019 |  | 2018
Bank term loan |  |  | $ | — |  |  | $ | 7,708 |
Less unamortized debt issuance costs | (a) |  | — |  |  | (750 | )
Net bank debt obligation |  |  | — |  |  | 6,958 |
Less current portion of bank debt obligations |  |  | — |  |  | — |
Long term portion of bank debt obligation |  |  | $ | — |  |  | $ | 6,958 |
Ref (a): The remaining outstanding balance of the term loan was paid in full in the second quarter. As such, the remaining deferred financing costs attributable to the term loan were expensed in the period. Interest expense
|  |  | (in thousands) |  | (in thousands)
|  |  | Three Months Ended |  | Six Months Ended
|  |  | March 31, |  | March 31,
| Ref |  | 2019 |  | 2018 |  | 2019 |  | 2018
Interest expense | (a) |  | $ | (83 | ) |  | $ | (208 | ) |  | $ | (187 | ) |  | $ | (427 | )
Amortization of deferred financing costs | (b) |  | (461 | ) |  | (67 | ) |  | (534 | ) |  | (132 | )
Other income (expense), net |  |  | — |  |  | 14 |  |  | — |  |  | 20 |
Interest expense, net |  |  | $ | (544 | ) |  | $ | (261 | ) |  | $ | (721 | ) |  | $ | (539 | )
Ref (a): Interest expense on borrowing. Ref (b): Amortizations of expenses related to securing financing; amounts for three and six months ended March 31, 2019 include write-off of remaining deferred financing costs of $0.4 million related to term debt that was fully satisfied by that date.

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