Supporting Financial Information

Accounts receivable



		(in thousands)
		June 30,		September 30,
	Ref	2019		2018
Billed receivables		$	21,979	$	10,066
Contract assets		2,045		214
Total accounts receivable	(a)	24,024		10,280
Less: Allowance for doubtful accounts	(b)	—		—
Accounts receivable, net		$	24,024	$	10,280

Ref (a): The total accounts receivable balance includes $13.1 million from SSS.

Ref (b): Accounts receivable are non-interest bearing, unsecured and carried at net realizable value. We evaluate our receivables on a quarterly basis and determine whether an allowance is appropriate based on specific collection issues. No allowance for doubtful accounts was deemed necessary at either June 30, 2019 or September 30, 2018.

Other current assets



	(in thousands)
	June 30,		September 30,
	2019		2018
Prepaid insurance and benefits	$	806	$	401
Other receivables	874		319
Other prepaid expenses	1,035		40
Other current assets	$	2,715	$	760

Equipment and improvements, net



		(in thousands)
		June 30,			September 30,
	Ref	2019			2018
Furniture and equipment		$	1,246		$	326
Computer equipment		1,002			751
Computer software		3,667			1,731
Leasehold improvements		1,595			66
Total equipment and improvements		7,510			2,874
Less accumulated depreciation and amortization		(1,836		)	(1,308		)
Equipment and improvements, net	(a)	$	5,674		$	1,566

Ref (a): Equipment and improvements are stated at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful asset lives (3 to 7 years) and the shorter of the initial lease term or estimated useful life for leasehold improvements. Maintenance and repair costs are expensed as incurred. Depreciation and amortization expense was $0.3 million and $0.1 million for the three months ended June 30, 2019 and 2018, respectively, and $0.5 million and $0.3 million for the nine months ended June 30, 2019 and 2018, respectively.

Intangible assets



		(in thousands)
		June 30,			September 30,
	Ref	2019			2018
Intangible assets	(a)
Customer contracts and related customer relationships		$	16,626		$	16,626
Covenants not to compete		480			480
Trade name		517			517
Acquired intangibles - SSS acquisition	(b)	29,301			—
Total intangible assets		46,924			17,623
Less accumulated amortization
Customer contracts and related customer relationships		(5,266		)	(4,018		)
Covenants not to compete		(152		)	(116		)
Trade name		(164		)	(124		)
Acquired intangibles - SSS acquisition	(b)	(186		)	—
Total accumulated amortization		(5,768		)	(4,258		)
Intangible assets, net		$	41,156		$	13,365

Ref (a): Intangible assets subject to amortization. The intangibles are amortized on a straight-line basis over their estimated useful lives of 10 years. The total amount of amortization expense was $0.6 million and $0.4 million for the three months ended June 30, 2019 and 2018, respectively, and $1.5 million and $1.3 million for the nine months ended June 30, 2019 and 2018, respectively.

Ref (b): The Company is currently valuing the acquired intangible assets from the SSS acquisition. The balances provided are an estimate and subject to revision.



Estimated amortization expense for future years:	Ref	(in thousands)
Remaining Fiscal 2019		$	988
Fiscal 2020		4,692
Fiscal 2021		4,692
Fiscal 2022		4,692
Fiscal 2023		4,692
Thereafter		21,400
Total amortization expense	(a)	$	41,156

Ref (a): The amortization expense includes the Danya and SSS acquisitions. The Company is currently valuing the acquired intangible assets from the SSS acquisition. The balances provided are an estimate and subject to revision.

Goodwill



Goodwill:	Ref	(in thousands)
Acquired from previous acquisitions		$	25,989
Acquired from SSS acquisition	(a)	25,788
Total Goodwill		$	51,777

Ref (a): The Company is currently valuing the goodwill from the SSS acquisition. The balance provided is an estimate and subject to revision.

Accounts payable, accrued expenses and other current liabilities



		(in thousands)
		June 30,		September 30,
	Ref	2019		2018
Accounts payable		$	9,290	$	3,393
Accrued benefits		2,173		2,060
Accrued bonus and incentive compensation		1,577		2,191
Accrued workers compensation insurance		3,836		2,642
Other accrued expenses		2,217		664
Accounts payable, accrued expenses, and other current liabilities	(a)	$	19,093	$	10,950

Ref (a): The total accounts payable, accrued expenses, and other current liabilities includes $4.9 million from SSS.

Debt obligations



		(in thousands)
		June 30,			September 30,
	Ref	2019			2018
Bank term loan		$	66,063		$	7,708
Less unamortized deferred financing cost		(1,906		)	(750		)
Net bank debt obligation		64,157			6,958
Less current portion of bank debt obligations		(1,313		)	—
Long term portion of bank debt obligation		$	62,844		$	6,958

Interest expense



		(in thousands)						(in thousands)
		Three Months Ended						Nine Months Ended
		June 30,						June 30,
	Ref	2019			2018			2019			2018
Interest expense	(a)	$	(297	)	$	(192	)	$	(485	)	$	(619	)
Amortization of deferred financing costs	(b)	(265		)	(70		)	(799		)	(202		)
Other income (expense), net		—			—			—			20
Interest expense, net		$	(562	)	$	(262	)	$	(1,284	)	$	(801	)

Ref (a): Interest expense on borrowing.

Ref (b): Amortization of deferred financing costs include write-offs of unamortized deferred financing costs of $0.2 million for three months ended June 30, 2019 and $0.6 million for the nine months ended June 30, 2019 related to the early extinguishment of the prior credit facility that was in place until June 7, 2019.