XML 22 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Sep. 30, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 2,566 $ 3,408
Accounts receivable, net of allowance for doubtful accounts of $0 and $0, including unbilled receivables of $9.7 and $9.5 million, at December 31, 2013 and at September 30, 2013 13,201 11,943
Prepaid workers’ compensation 199 358
Other current assets 462 241
Total current assets 16,428 15,950
EQUIPMENT AND IMPROVEMENTS    
Furniture and equipment 139 139
Computer equipment 126 126
Computer software 423 417
Leasehold improvements 24 24
Equipment and improvements, gross 712 706
Less accumulated depreciation and amortization (577) (550)
Equipment and improvements, net 135 156
GOODWILL 8,595 8,595
OTHER ASSETS    
Deposit for workers' compensation insurance 0 1,030
Other assets 27 27
Total other assets 27 1,057
TOTAL ASSETS 25,185 25,758
CURRENT LIABILITIES    
Bank loan payable 940 951
Current portion of capital lease obligations 9 22
Convertible debenture, net 0 340
Derivative financial instruments, at fair value 0 160
Accrued payroll (including $8.7 million related to unbilled receivables) 10,900 11,138
Accounts payable 1,505 370
Accrued expenses and other current liabilities 3,377 4,973
Total current liabilities 16,731 17,954
LONG TERM LIABILITIES    
Other long term liability 18 20
Total long term liabilities 18 20
Total liabilities 16,749 17,974
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS’ EQUITY    
Preferred stock, $.10 par value; authorized 5,000 shares, none issued and outstanding 0 0
Common stock, $.001 par value; authorized 40,000 shares; issued 9,610 at December 31, 2013 and 9,320 at September 30, 2013, outstanding 9,603 at December 31, 2013 and 9,318 at September 30, 2013 9 9
Additional paid-in capital 75,926 75,400
Accumulated deficit (67,468) (67,601)
Treasury stock, 7 shares at cost at December 31, 2013 and 2 shares at cost at September 30, 2013 (31) (24)
Total shareholders’ equity 8,436 7,784
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 25,185 $ 25,758