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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 386 $ 438
Accounts receivable    
Trade, net of allowance of $565 at September 30, 2016 and $559 at September 30, 2015 1,649 2,904
Unbilled revenues and other 591 1,095
Inventories, net 1,453 1,466
Prepaid expenses 798 773
Total current assets 4,877 6,676
Property and equipment, net 16,136 15,989
Lease rent receivable 51 15
Goodwill 38 1,009
Debt issue costs, net 10 94
Other assets 27 32
Total assets 21,139 23,815
Current liabilities:    
Accounts payable 2,965 1,741
Restructuring liability 1,117 1,117
Accrued expenses 1,089 1,710
Customer advances 3,114 3,414
Income taxes payable 13 30
Revolving line of credit 1,358 86
Fair value of warrant liability 0 189
Fair value of interest rate swap 35 0
Current portion of capital lease obligation 126 230
Current portion of long-term debt 3,666 786
Total current liabilities 13,483 9,303
Capital lease obligation, less current portion 198 68
Fair value of interest rate swap 0 50
Long-term debt, less current portion 0 3,666
Total liabilities 13,681 13,087
Shareholders’ equity:    
Preferred shares, authorized 1,000,000 shares, no par value: 1,185 Series A shares at $1,000 stated value issued and outstanding at September 30, 2016 and September 30, 2015 1,185 1,185
Common shares, no par value: Authorized 19,000,000 shares; 8,107,558 issued and outstanding at September 30, 2016 and 8,105,007 at September 30, 2015 1,989 1,988
Additional paid-in capital 21,240 21,193
Accumulated deficit (16,921) (13,691)
Accumulated other comprehensive (loss) income (35) 53
Total shareholders’ equity 7,458 10,728
Total liabilities and shareholders’ equity $ 21,139 $ 23,815