<SEC-DOCUMENT>0001144204-16-082977.txt : 20160217
<SEC-HEADER>0001144204-16-082977.hdr.sgml : 20160217
<ACCEPTANCE-DATETIME>20160217121500
ACCESSION NUMBER:		0001144204-16-082977
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20160216
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160217
DATE AS OF CHANGE:		20160217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIOANALYTICAL SYSTEMS INC
		CENTRAL INDEX KEY:			0000720154
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731]
		IRS NUMBER:				351345024
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23357
		FILM NUMBER:		161432195

	BUSINESS ADDRESS:	
		STREET 1:		2701 KENT AVE
		CITY:			WEST LAFAYETT
		STATE:			IN
		ZIP:			47906-1382
		BUSINESS PHONE:		3174634527

	MAIL ADDRESS:	
		STREET 1:		2701 KENT AVENUE
		CITY:			WEST LAFAYETTE
		STATE:			IN
		ZIP:			47906-1382
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v432055_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of Report (Date of earliest event reported):
February 16, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">BIOANALYTICAL SYSTEMS, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Indiana</FONT></TD>
    <TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0-23357</FONT></TD>
    <TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">35-1345024</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction<BR>
of incorporation or
    organization)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer<BR>
Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2701 KENT AVENUE</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WEST LAFAYETTE, INDIANA</P></TD>
    <TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">47906-1382</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">Registrant&rsquo;s telephone number, including
area code: (765) 463-4527</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17CFR240.14a-12)</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information provided
in Item 2.02 and Item 9.01 of this Form 8-K is being furnished and shall not be deemed &ldquo;filed&rdquo; for the purpose of Section
18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information
in Item 2.02 and Item 9.01 of this Form 8-K shall not be incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left">Item 2.02.</TD><TD>Results of Operations and Financial Condition.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On February 16, 2016,
Bioanalytical Systems, Inc. issued a press release announcing results for the first three months of fiscal 2016 ended December
31, 2015. The full text of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left">Item 9.01.</TD><TD>Financial Statements and Exhibits.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD>Not applicable.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD>Not applicable.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD>Not applicable.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD>Exhibits</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left">99.1</TD><TD>Bioanalytical Systems, Inc. press release, issued February
16, 2016.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Bioanalytical Systems, Inc.</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date: February
17, 2016</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">/s/&nbsp;Jeffrey Potrzebowski</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Jeffrey Potrzebowski</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Chief Financial Officer, Vice President of Finance</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">Exhibit No.</FONT></TD>
    <TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 83%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">Description</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Bioanalytical Systems, Inc. press release, issued February
16, 2016.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v432055_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="basi_logo.jpg"></TD>
    <TD STYLE="width: 50%; text-align: right"><IMG SRC="newsrelease.jpg"></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; border-collapse: collapse">
<tr>
    <TD NOWRAP STYLE="width: 58%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>FOR MORE INFORMATION:</b></font></td>
    <TD NOWRAP STYLE="width: 42%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Company Contact:&nbsp;</b></font></td></tr>
<tr>
    <TD NOWRAP STYLE="text-align: right">&nbsp;</td>
    <TD NOWRAP STYLE="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey Potrzebowski&nbsp;</font></td></tr>
<tr>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer &amp; </font></td></tr>
<tr>
    <TD NOWRAP STYLE="text-align: right">&nbsp;</td>
    <TD NOWRAP STYLE="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vice President of Finance&nbsp;</font></td></tr>
<tr>
    <TD NOWRAP STYLE="text-align: right">&nbsp;</td>
    <TD NOWRAP STYLE="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Phone:&nbsp;&nbsp;765.497.8409&nbsp;</font></td></tr>
<tr>
    <TD NOWRAP STYLE="text-align: right">&nbsp;</td>
    <TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">jpotrzebowski@BASinc.com</FONT></td></tr>
</TABLE><BR STYLE="clear: both">

<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0; text-align: center"><B>BASi Reports First Quarter
Results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>WEST LAFAYETTE, IN</B>, February
16, 2016 -- <B>Bioanalytical Systems, Inc. (NASDAQ:BASI) (&ldquo;BASi&rdquo; or the &ldquo;Company&rdquo;) </B>today announced
financial results for the first quarter of fiscal 2016, which resulted in non-compliance with the financial covenants in its credit
facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>First Quarter Results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">For the three months ended December
31, 2015, revenue was $4,895,000 a 16% decrease from $5,845,000 in the first quarter of fiscal 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Service
revenue for the first quarter of fiscal 2016 decreased 7.8% to $4,055,000 compared to $4,398,000 for the same period in fiscal
2015. Increased preclinical services revenue was more than offset by lower other laboratory services revenue, due to fewer bioequivalence
studies, and a decline in Bioanalytical revenue, due to fewer samples received and analyzed</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and
a mix favoring method development and validation projects in the first three months of fiscal 2016 versus the comparable period
in fiscal 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Sales in our Products segment
decreased 41.9% in the first quarter of fiscal 2016 to $840,000 from $1,447,000 in the same period in fiscal 2015. The majority
of the decrease stems from lower sales of our Culex<SUP>&reg;</SUP> automated <I>in-vivo</I> sampling systems and our analytical
instruments over the same period in fiscal 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Gross profit decreased
to $984,000, or 20.1% of revenue, in the first quarter of fiscal 2016, compared to $1,904,000, or 32.6% of revenue, during the
comparable fiscal 2015 period. The principal causes for the decrease was the decline in revenue, which led to lower absorption
of the fixed costs in our business, </FONT>and a sales mix favoring method development and validation projects, which generate
lower revenue but involve more dedicated resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Operating expenses for
the first quarter of fiscal 2016 decreased 14.1% to $1,513,000 compared to $1,762,000 during the first quarter of fiscal 2015.
The principal reasons for the decrease were </FONT>lower utilization of outsourced professional engineering services<FONT STYLE="font-size: 10pt">,
</FONT>decreased commissions a<FONT STYLE="font-size: 10pt">nd building rental income of $159,000 which was deducted from general
and administrative expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Operating loss for the first quarter of fiscal 2016
amounted to $529,000 compared to operating income of $142,000 for the first quarter of fiscal 2015, primarily due to lower revenue
partially offset by decreased operating expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><IMG SRC="footer.jpg"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Net loss for the first quarter
of fiscal 2016 amounted to $506,000, or $0.06 per diluted share, compared to net income of $182,000, or $0.01 per diluted share
for the first quarter of fiscal 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">EBITDA was negative for the first
quarter of fiscal 2016, amounting to $171,000, compared to a positive EBITDA for the first quarter of fiscal 2015 of $505,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>Cash Used in Operating Activities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Cash used in operating activities
was $348,000 for the first quarter of fiscal 2016 due in part to the operating loss in the quarter and slightly higher working
capital levels. The Company had $403,000 in cash and cash equivalents at December&nbsp;31, 2015.&nbsp; During the first quarter,
proceeds from borrowings net of repayments, and cash on hand funded capital expenditures for plant, machinery and equipment of
approximately $166,000 and the operating loss in the quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>Debt Covenant Non-Compliance</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">On May 14, 2014, we entered into
a Credit Agreement (&ldquo;Agreement&rdquo;) with Huntington Bank. The Agreement includes both a term loan and a revolving loan
and is secured by mortgages on our facilities in West Lafayette and Evansville, Indiana and liens on our personal property. As
of December 31, 2015, we were not in compliance with certain financial covenants of the Agreement. On February 10, 2016, Huntington
Bank advised us that the failure to meet these financial covenants constitutes an event of default under the Agreement and that
they have reserved all of their rights with respect thereto, but Huntington Bank has not exercised its available remedies to date.
These remedies include the ability to accelerate the outstanding debt under our term loan and revolving loan, to exercise their
security interest and collect on the underlying collateral, to refrain from making additional advances under the revolving loan
and to terminate our interest rate swap. Were Huntington Bank to accelerate the outstanding debt, we would have insufficient funds
to satisfy that obligation, and their exercise of alternative remedies could also have a material adverse effect on our operations
and financial condition. As a result, of these circumstances, we have classified the entire term loan payable to Huntington Bank
as a current liability of the Company on the accompanying balance sheet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management is in discussion with
Huntington Bank to secure a forbearance whereby Huntington Bank would agree for a limited time period to forbear from exercising
certain of their rights and remedies under the credit facility available to Huntington as a result of the non-compliance. A forbearance
agreement would provide management with additional time to engage in discussions with Huntington Bank and other parties regarding
restructuring or replacing our debt, including amounts outstanding under the revolving loan scheduled to mature in May 2016, and
to explore alternative liquidity solutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The Company is engaged in exploring
initiatives to address solutions to our credit issues, which includes the evaluation and pursuit of various sources of financing.
Management is also undergoing a detailed review of all current pricing strategies and market programs and has introduced new initiatives
designed to increase revenue. Lastly, management has been, and continues to be actively engaged in driving operating costs lower
by more effectively controlling operating costs and manpower costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>&ldquo;</B>While
aware of the shortfall in revenue for the current and prior quarters, we are continuing our strategy to reach out to
clients, former and new, and to provide the scientific connection needed to assist in drug development. Recently, we awarded
three BASi Raturn Swivel-Free Sampling Systems to researchers who will integrate in vivo optogenetics techniques to enable
the generation of a fully integrative response profile made possible only with the use of BASi equipment. We have new,
experienced business development representatives who are expanding our reach in the Boston and San Francisco markets. We have
designed new modularity into our BASi Culex workstations to allow for bench top, single station and four station options. We
have also launched targeted initiatives in four key areas: to increase our IND-enabling studies in nonhuman primates, to
partner with clinics for sample analysis and sample kit preparation, to offer bioequivalence study expertise to our generics
clients and to increase market awareness and adoption of the BASi Culex<SUP>&trade;</SUP> In-vivo Automated Blood Sampling
System and related consumables via equipment grants and loan program.&rdquo; said BASi President and Chief Executive Officer
Jacqueline Lemke.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Ms. Lemke concluded, &ldquo;I
understand that shareholders and creditors alike want to see immediate progress. We at BASi are committed to delivering on our
growth initiatives. As we partner with our clients, we are confident we will succeed.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>Earnings Conference Call</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">BASi has scheduled a conference
call at 11:00 a.m. Eastern Standard Time (EST) on February 16, 2016 to discuss the results. To participate in the call, dial 866-865-2633,
participant passcode 43800479. A simultaneous webcast of the conference call may be accessed online from the Investors tab at <U>www.BASinc.com</U>.
The webcast will be available for replay after 2:00 p.m. EST at this same internet address. For a telephone replay, dial 855-859-2056,
participant passcode 43800479 after 2:00 p.m. EST.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>Non-GAAP to GAAP Reconciliation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">This press release contains financial
measures that are not calculated in accordance with generally accepted accounting principles in the United States (GAAP). The non-GAAP
financial measures are EBITDA for the first quarters of fiscal 2016 and 2015. EBITDA refers to a financial performance measure
that excludes certain income statement line items, such as interest, taxes, depreciation, and amortization. EBITDA may also exclude
certain non-cash expenses, such as stock-based compensation and the income or expense from the change in the warrant liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The non-GAAP financial information
should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance
with GAAP. Management, however, believes that EBITDA, when used in conjunction with the results presented in accordance with GAAP,
may provide a more complete understanding of the Company's results and may facilitate a fuller analysis of the Company's results,
particularly in evaluating performance from one period to another.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management has chosen to provide
this supplemental information to investors, analysts, and other interested parties to enable them to perform additional analyses
of results and to illustrate the results giving effect to the non-GAAP adjustments shown in the reconciliation. Management strongly
encourages investors to review the Company's consolidated financial statements and publicly filed reports in their entirety and
cautions investors that the non-GAAP measures used by the Company may differ from similar measures used by other companies, even
when similar terms are used to identify such measures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>About Bioanalytical Systems,
Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">BASi is a pharmaceutical development
company providing contract research services and monitoring instruments to the world's leading drug development companies and medical
research organizations. The Company focuses on developing innovative services and products that increase efficiency and reduce
the cost of taking a new drug to market. Visit www.BASinc.com for more information about BASi.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><I>This release contains forward-looking
statements that are subject to risks and uncertainties including, but not limited to, risks and uncertainties related to our financial
condition, changes in the market and demand for our products and services, the development, marketing and sales of products and
services, changes in technology, industry standards and regulatory standards, and various market and operating risks detailed in
the Company's filings with the Securities and Exchange Commission. BASi assumes no obligation to update any forward-looking statement.
Actual results may vary, and could differ materially, from those anticipated, estimated, projected or expected in these forward-looking
statements for a number of reasons, including, among others, the risk factors disclosed in the Company's most recent Annual Report,
as filed, with the Securities and Exchange Commission.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(SEE BELOW FOR CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>BIOANALYTICAL SYSTEMS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>AND COMPREHENSIVE INCOME (LOSS)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(In thousands, except per share amounts)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Unaudited)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Three Months Ended<BR>
December 31,</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2015</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Service revenue</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">4,055</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">4,398</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Product revenue</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">840</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,447</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,895</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,845</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Cost of service revenue</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,339</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,256</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Cost of product revenue</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">572</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">685</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cost of revenue</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,911</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,941</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Gross profit</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">984</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,904</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Operating expenses:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">307</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">336</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">157</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">191</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,049</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,235</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,513</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,762</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Operating income</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(529</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">142</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;Interest expense</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(66</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(81</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;Change in fair value of warrant liability &ndash; (increase) decrease</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">89</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">120</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;Other income</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Income (loss) before income taxes</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(505</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">183</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Income taxes</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Net income (loss)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(506</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">182</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Other comprehensive income (loss)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(80</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">32</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt">Comprehensive income (loss)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(586</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">214</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Basic net income (loss) per share</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.06</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.02</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 5.4pt">Diluted net income (loss) per share</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.06</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.01</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt">Weighted common shares outstanding:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,107</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,076</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,107</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9,601</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>BIOANALYTICAL SYSTEMS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONDENSED CONSOLIDATED BALANCE SHEETS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(In thousands, except share amounts)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">December 31, 2015</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">September 30, 2015</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Current assets:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 72%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Cash and cash equivalents</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">403</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">438</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Accounts receivable</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 30pt; text-indent: -10pt">Trade, net of allowance of $559 at December 31, 2015 and <BR>September 30, 2015, respectively</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,591</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,904</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 30pt; text-indent: -10pt">Unbilled revenues and other</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">988</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,110</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Inventories</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,434</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,466</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt; padding-bottom: 1pt">Prepaid expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">430</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">773</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 40pt">Total current assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,846</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">6,691</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Property and equipment, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15,802</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15,989</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Goodwill</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,009</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,009</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Debt issue costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">87</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">94</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">31</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">32</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 40pt; padding-bottom: 2.5pt">Total assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">21,775</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">23,815</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Liabilities and shareholders&rsquo; equity</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Current liabilities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Accounts payable</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,462</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,858</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Accrued expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">982</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,710</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Customer advances</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,724</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,414</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Income tax accruals</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">30</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Revolving line of credit</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">824</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">86</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Fair value of warrant liability</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">189</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Current portion of capital lease obligation</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">173</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">230</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt; padding-bottom: 1pt">Current portion of long-term debt</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,256</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">786</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 40pt">Total current liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,529</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9,303</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Fair Value of interest rate swap</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">27</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">50</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Capital lease obligation, less current portion</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">58</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">68</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Long-term debt, less current portion</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,666</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 40pt">Total liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,614</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">13,087</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Shareholders&rsquo; equity:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Preferred shares, authorized 1,000,000 shares, no par value:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 20pt">1,185 Series A shares at $1,000 stated value issued and <BR>outstanding at December 31, 2015 and September 30, <BR>2015, respectively</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,185</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,185</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Common shares, no par value:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 20pt">Authorized 19,000,000 shares; 8,107,558 issued and</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 20pt">outstanding at December 31, 2015 and 8,105,007 at September 30, 2015</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,991</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,988</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Additional paid-in capital</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">21,209</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">21,193</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Accumulated deficit</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(14,197</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(13,691</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 10pt">Accumulated other comprehensive income (loss)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(27</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">53</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 40pt; padding-bottom: 1pt">Total shareholders&rsquo; equity</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">10,161</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">10,728</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 40pt; padding-bottom: 2.5pt">Total liabilities and shareholders&rsquo; equity</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">21,775</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">23,815</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>BIOANALYTICAL&nbsp;SYSTEMS,&nbsp;INC.</B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">RECONCILIATION&nbsp;OF&nbsp;GAAP&nbsp;TO&nbsp;NON-GAAP&nbsp;EARNINGS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(In&nbsp;thousands) (Unaudited)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Three Months Ended<BR>
December 31,</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">2015</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2">GAAP&nbsp;Net&nbsp;income&nbsp;(loss)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(506</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">182</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 58%">&nbsp;</TD><TD STYLE="font-size: 10pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; width: 12%">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-size: 10pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; width: 12%">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>Add&nbsp;back:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest&nbsp;expense</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">66</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">81</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Income&nbsp;taxes (benefit)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Depreciation&nbsp;and&nbsp;amortization</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">342</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">377</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Change in fair value of warrant liability &ndash; (decrease) increase</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(89</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(120</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Stock option expense</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">29</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="padding-bottom: 2.5pt">EBITDA (loss)</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 2.5pt double">$</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 2.5pt double">(171</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 2.5pt double">$</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 2.5pt double">550</TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>EBITDA&nbsp;- Earnings before interest, taxes, depreciation, amortization, stock option expenses, impairment charges and the change in the fair value of warrant liability.</I></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>basi_logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 basi_logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1"  T )8# 2(  A$! Q$!_\0
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M^TGXX^"GA[P9HOA/5-0\.VOB)KJ6\U"QF,-S(8##MB212'C'[S<Q&-V0,X#
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M7W6DQVVB_%JQDU"%=L::_IT($ZY8#-Q ,*P ))>+!PH'EN237W?\._&/@/\
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@* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>footer.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 footer.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1"  M JP# 2(  A$! Q$!_\0
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M/IS2:C?RO<^\_P#AKKX3_P#13OAY_P"%'9__ !RC_AKKX3_]%.^'G_A1V?\
M\<KXKM_^"]D=I;QQ1?"1(XHU"(B>)MJHHX  ^R< >E/_ .'^G_5)_P#RY_\
M[DKYW_B*G"__ $%?^25/_D#Z7_B$?%G_ $"?^5*7_P F?:/_  UU\)_^BG?#
MS_PH[/\ ^.4?\-=?"?\ Z*=\//\ PH[/_P".5\7?\/\ 3_JD_P#Y<_\ ]R4?
M\/\ 3_JD_P#Y<_\ ]R4?\14X7_Z"O_)*G_R ?\0CXL_Z!/\ RI2_^3/M'_AK
MKX3_ /13OAY_X4=G_P#'*/\ AKKX3_\ 13OAY_X4=G_\<KXN_P"'^G_5)_\
MRY__ +DH_P"'^G_5)_\ RY__ +DH_P"(J<+_ /05_P"25/\ Y /^(1\6?] G
M_E2E_P#)GVC_ ,-=?"?_ **=\//_  H[/_XY1_PUU\)_^BG?#S_PH[/_ ..5
M\7?\/]/^J3_^7/\ _<E'_#_3_JD__ES_ /W)1_Q%3A?_ *"O_)*G_P @'_$(
M^+/^@3_RI2_^3/M'_AKKX3_]%.^'G_A1V?\ \<H_X:Z^$_\ T4[X>?\ A1V?
M_P <KXN_X?Z?]4G_ /+G_P#N2C_A_I_U2?\ \N?_ .Y*/^(J<+_]!7_DE3_Y
M /\ B$?%G_0)_P"5*7_R9]H_\-=?"?\ Z*=\//\ PH[/_P".4?\ #77PG_Z*
M=\//_"CL_P#XY7Q=_P /]/\ JD__ )<__P!R4?\ #_3_ *I/_P"7/_\ <E'_
M !%3A?\ Z"O_ "2I_P#(!_Q"/BS_ *!/_*E+_P"3/M'_ (:Z^$__ $4[X>?^
M%'9__'*/^&NOA/\ ]%.^'G_A1V?_ ,<KXN_X?Z?]4G_\N?\ ^Y*/^'^G_5)_
M_+G_ /N2C_B*G"__ $%?^25/_D _XA'Q9_T"?^5*7_R9]H_\-=?"?_HIWP\_
M\*.S_P#CE'_#77PG_P"BG?#S_P *.S_^.5\7?\/]/^J3_P#ES_\ W)1_P_T_
MZI/_ .7/_P#<E'_$5.%_^@K_ ,DJ?_(!_P 0CXL_Z!/_ "I2_P#DS[1_X:Z^
M$_\ T4[X>?\ A1V?_P <H_X:Z^$__13OAY_X4=G_ /'*^+O^'^G_ %2?_P N
M?_[DH_X?Z?\ 5)__ "Y__N2C_B*G"_\ T%?^25/_ ) /^(1\6?\ 0)_Y4I?_
M "9]H_\ #77PG_Z*=\//_"CL_P#XY1_PUU\)_P#HIWP\_P#"CL__ (Y7Q=_P
M_P!/^J3_ /ES_P#W)1_P_P!/^J3_ /ES_P#W)1_Q%3A?_H*_\DJ?_(!_Q"/B
MS_H$_P#*E+_Y,^T?^&NOA/\ ]%.^'G_A1V?_ ,<H_P"&NOA/_P!%.^'G_A1V
M?_QROB[_ (?Z?]4G_P#+G_\ N2C_ (?Z?]4G_P#+G_\ N2C_ (BIPO\ ]!7_
M ))4_P#D _XA'Q9_T"?^5*7_ ,F?:/\ PUU\)_\ HIWP\_\ "CL__CE'_#77
MPG_Z*=\//_"CL_\ XY7Q=_P_T_ZI/_Y<_P#]R4?\/]/^J3_^7/\ _<E'_$5.
M%_\ H*_\DJ?_ " ?\0CXL_Z!/_*E+_Y,^T?^&NOA/_T4[X>?^%'9_P#QRC_A
MKKX3_P#13OAY_P"%'9__ !ROB[_A_I_U2?\ \N?_ .Y*/^'^G_5)_P#RY_\
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MTF;P=X'U!=<^*D&CW>[0UC:WMIM"M)I+8*TDK0E)I'8H)&"R;BNW.T<QXO\
M@!X-_P"%#_!O4K[PSH%CIOB76/!%I>ZC%:Q6[W,,MG*+[=,H#?,W,A)R67)Y
M&1M4\/<5!2_>QO&]]'I:W7MJM3"EXD86;C^ZE:7*T[K7FOT[Z/0^!:*^A/\
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M-_U2G_RYO_N2C_A_-_U2G_RYO_N2BZ ^R?VNO^34/B=_V*6J_P#I'+7YS_\
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DMZ7TT5C^=?$7Q"J<25XPI1<*%._*GNV_M2MI>VB2O;75W/_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>newsrelease.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 newsrelease.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1"  O -T# 2(  A$! Q$!_\0
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ML^WZG90K:P'!QO,4TC*"<#.T@9R2%!(]._:V_;A\)_L:?\(__P )1I_B*_\
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MBQJ7*W)(4,PR0"<9X/2OK"@ KYU_X)._\F > ?\ N(_^G*ZKZ*KYU_X)._\
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AO>W.FW"7?DZA''(KM ^Z]8;74%3E6&&/!Z5]8444 ?_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
