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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 434 $ 386
Accounts receivable    
Trade, net of allowance of $2,404 at September 30, 2017 and $565 at September 30, 2016 2,530 1,649
Unbilled revenues and other 615 591
Inventories, net 913 1,453
Prepaid expenses 814 798
Total current assets 5,306 4,877
Property and equipment, net 14,965 16,136
Lease rent receivable 87 51
Goodwill 38 38
Other assets 21 27
Total assets 20,417 21,129
Current liabilities:    
Accounts payable 2,052 2,965
Restructuring liability 1,117 1,117
Accrued expenses 1,202 1,089
Customer advances 2,980 3,114
Income taxes payable 20 13
Revolving line of credit 0 1,358
Fair value of interest rate swap 0 35
Current portion of capital lease obligation 128 126
Current portion of long-term debt 224 3,656
Total current liabilities 7,723 13,473
Capital lease obligation, less current portion 69 198
Long-term debt, less current portion, net of debt issuance costs 4,158 0
Total liabilities 11,950 13,671
Shareholders’ equity:    
Preferred shares, authorized 1,000,000 shares, no par value: 1,035 Series A shares at $1,000 stated value issued and outstanding at September 30, 2017 and 1,185 at September 30, 2016 1,035 1,185
Common shares, no par value: Authorized 19,000,000 shares; 8,243,896 issued and outstanding at September 30, 2017 and 8,107,558 at September 30, 2016 2,023 1,989
Additional paid-in capital 21,446 21,240
Accumulated deficit (16,037) (16,921)
Accumulated other comprehensive (loss) income 0 (35)
Total shareholders’ equity 8,467 7,458
Total liabilities and shareholders’ equity $ 20,417 $ 21,129