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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 492 $ 438
Accounts receivable    
Trade, net of allowance of $541 at June 30, 2016 and $559 at September 30, 2015, respectively 2,497 2,904
Unbilled revenues and other 1,025 1,110
Inventories 1,476 1,466
Prepaid expenses 820 773
Refundable income taxes 4 0
Total current assets 6,314 6,691
Property and equipment, net 16,090 15,989
Goodwill 1,009 1,009
Debt issue costs 73 94
Other assets 28 32
Total assets 23,514 23,815
Current liabilities:    
Accounts payable 3,950 2,858
Accrued expenses 824 1,710
Customer advances 3,407 3,414
Income tax accruals 16 30
Revolving line of credit 1,551 86
Fair value of warrant liability 0 189
Fair value of interest rate swap 48 50
Current portion of capital lease obligation 152 230
Current portion of long-term debt 3,863 786
Total current liabilities 13,811 9,353
Capital lease obligation, less current portion 232 68
Long-term debt, less current portion 0 3,666
Total liabilities 14,043 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 June 30, 2016 and September 30, 2015, respectively 1,185 1,185
Common shares, no par value: Authorized 19,000,000 shares; 8,107,558 shares and 8,105,007 issued and outstanding at June 30, 2016 and September 30, 2015, respectively 1,989 1,988
Additional paid-in capital 21,230 21,193
Accumulated deficit (14,885) (13,691)
Accumulated other comprehensive income (loss) (48) 53
Total shareholders’ equity 9,471 10,728
Total liabilities and shareholders’ equity $ 23,514 $ 23,815