XML 19 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Sep. 30, 2021
Current Assets:    
Cash $ 6,591 $ 6,234
Accounts receivable, net of allowance for doubtful accounts 57,077 52,312
Inventory, net 4,802 3,227
Prepaid expenses and other current assets 3,423 3,002
Total current assets 71,893 64,775
Property and Equipment, net 5,044 4,977
Other Assets:    
Intangible assets, net 22,420 24,173
Goodwill 18,622 18,486
Investment in Rubicon at fair value 2,371 0
Operating lease right of use asset 5,660 2,936
Security deposits and other long-term assets 522 577
Total other assets 49,595 46,172
Total assets 126,532 115,924
Current Liabilities:    
Line of credit 26,396 29,637
Accounts payable - trade 44,960 37,243
Accrued expenses and other current liabilities 7,194 6,311
Dividends payable 1,745 2,427
Current portion of earnout 1,664 1,054
Current portion of long-term debt 639 868
Current portion of deferred acquisition payments 188 188
Current portion of subordinated promissory note-related party 425 550
Current portion of operating lease liabilities 1,825 1,281
Total current liabilities 85,036 79,559
Other Liabilities:    
Long-term debt 7,519 4,744
Long-term portion of earnout 2,916 2,546
Subordinated promissory notes-related party 5,382 5,525
Long-term portion of deferred acquisition payments 0 183
Mandatorily redeemable non-controlling interest 430 783
Deferred income taxes 2,541 2,299
Long-term operating lease liabilities 4,001 1,751
Other liabilities 380 415
Total other liabilities 23,169 18,246
Total liabilities 108,205 97,805
Stockholders' Equity:    
Common stock, $0.001 par value; 4,500,000 shares authorized, 1,206,354 issued and 1,186,354 outstanding as of September 30, 2022, and 962,207 issued and 942,207 outstanding as of September 30, 2021, respectively 1 1
Paid-in capital 17,184 14,838
Common Treasury stock, at cost, 20,000 shares (240) (240)
Accumulated earnings 1,382 3,520
Total stockholders' equity 18,327 18,119
Total liabilities and stockholders' equity 126,532 115,924
Series B [Member]    
Stockholders' Equity:    
Preferred stock 0 0
Series C [Member]    
Current Liabilities:    
Dividends payable 1,745 2,427
Stockholders' Equity:    
Preferred stock $ 0 $ 0