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v3.22.2.2

Supporting Financial Information (Tables) | 12 Months Ended
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Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accounts Receivable | Accounts receivable The following table summarizes Accounts receivable presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
|  | 2022 |  | 2021
Billed receivables |  | $ | 32,814 |  |  | $ | 26,140 |
Contract assets |  | 7,682 |  |  | 7,307 |
Allowance for doubtful accounts |  | — |  |  | — |
Accounts receivable |  | $ | 40,496 |  |  | $ | 33,447 |
Schedule of Other Current Assets | Other current assets The following table summarizes Other current assets presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
|  | 2022 |  | 2021
Prepaid insurance and benefits |  | $ | 737 |  |  | $ | 655 |
Other receivables |  | 945 |  |  | 995 |
Prepaid expenses |  | 1,196 |  |  | 2,615 |
Other current assets |  | $ | 2,878 |  |  | $ | 4,265 |
Schedule of Equipment and Improvements, Net | Equipment and improvements, net The following table summarizes Equipment and improvements, net presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
|  | 2022 |  | 2021
Furniture and equipment |  | $ | 893 |  |  | $ | 958 |
Computer equipment |  | 2,316 |  |  | 1,262 |
Computer software |  | 4,407 |  |  | 4,353 |
Leasehold improvements |  | 1,614 |  |  | 1,595 |
Total equipment and improvements |  | 9,230 |  |  | 8,168 |
Less: accumulated depreciation and amortization |  | (7,526) |  |  | (6,256) |
Equipment and improvements, net |  | $ | 1,704 |  |  | $ | 1,912 |
Depreciation and amortization was $1.1 million and $1.5 million for the years ended September 30, 2022 and 2021, respectively.
Schedule of Intangible Assets, Net | Intangible assets, net The following table summarizes Intangible assets, net presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
|  | 2022 |  | 2021
Intangible assets |  |  |  |
Customer contracts and related customer relationships |  | $ | 62,281 |  |  | $ | 62,281 |
Covenants-not-to-compete |  | 522 |  |  | 522 |
Trade names |  | 3,051 |  |  | 3,051 |
Total intangible assets |  | 65,854 |  |  | 65,854 |
Less accumulated amortization |  |  |  |
Customer contracts and related customer relationships |  | (23,606) |  |  | (17,378) |
Covenants-not-to-compete |  | (316) |  |  | (264) |
Trade names |  | (1,048) |  |  | (743) |
Total accumulated amortization |  | (24,970) |  |  | (18,385) |
Intangible assets, net |  | $ | 40,884 |  |  | $ | 47,469 |
Total amount of amortization expense for each of the years ended September 30, 2022 and 2021 was $6.6 million. As of September 30, 2022, the estimated annual amortization expense is as follows:
Schedule of Estimated Future Amortization Expense of Finite-lived Intangibles |
For the Fiscal Year Ending September 30, |  | (in thousands)
2023 |  | $ | 6,585 |
2024 |  | 6,585 |
2025 |  | 6,585 |
2026 |  | 5,851 |
2027 |  | 4,823 |
Thereafter |  | 10,455 |
Total amortization expense |  | $ | 40,884 |
Schedule of Accounts Payable, Accrued Expenses, and Other Current Liabilities | Accounts payable and accrued liabilities The following table summarizes Accounts payable and accrued liabilities presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
|  | 2022 |  | 2021
Accounts payable |  | $ | 11,886 |  |  | $ | 16,684 |
Accrued benefits |  | 3,857 |  |  | 2,916 |
Accrued bonus and incentive compensation |  | 3,625 |  |  | 2,381 |
Accrued workers' compensation insurance |  | 4,880 |  |  | 7,014 |
Other accrued expenses |  | 2,614 |  |  | 3,722 |
Accounts payable and accrued liabilities |  | $ | 26,862 |  |  | $ | 32,717 |
Schedule of Debt Obligations | Debt obligations The following table summarizes Debt obligations presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
|  |  | 2022 |  | 2021
Secured term loan |  |  | $ | 22,000 |  |  | $ | 46,750 |
Less: unamortized deferred financing costs |  |  | (1,584) |  |  | (2,114) |
Long-term portion of debt obligations, net of deferred financing costs |  |  | $ | 20,416 |  |  | $ | 44,636 |
As of September 30, 2022 and 2021, we had no outstanding balance on our secured revolving line of credit and have satisfied mandatory principal payments on our secured term loan for the next twelve months.
Schedule of Interest Expense | Interest expense The following table summarizes Interest expense presented on our consolidated statements of operations for the years ending September 30, 2022 and 2021 (in thousands):
|  | 2022 |  | 2021
Interest expense (a) |  | $ | 1,551 |  |  | $ | 2,992 |
Amortization of deferred financing costs (b) |  | 664 |  |  | 792 |
Interest expense |  | $ | 2,215 |  |  | $ | 3,784 |
(a): Interest expense on borrowing (b): Amortization of expenses related to secured term loan and secured revolving line of credit.

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