|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
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Mar. 31, 2014
|
Sep. 30, 2013
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| Current assets: |
|
|
| Cash and cash equivalents |
$ 4,365 |
$ 3,482 |
| Accounts receivable, net of allowances of $242 and $90 |
9,864 |
6,885 |
| Inventories |
2,086 |
1,447 |
| Prepaid expenses and other current assets |
1,974 |
805 |
| Total current assets |
18,289 |
12,619 |
| Property and equipment: |
|
|
| Leasehold improvements |
963 |
852 |
| Computer equipment |
5,621 |
5,296 |
| Furniture and fixtures |
862 |
581 |
| Total property and equipment |
7,446 |
6,729 |
| Less accumulated depreciation and amortization |
4,049 |
3,449 |
| Net property and equipment |
3,397 |
3,280 |
| Other assets: |
|
|
| Goodwill |
11,415 |
7,576 |
| Investment in Mediasite KK |
0 |
385 |
| Customer relationships, net of amortization of $58 and $0 |
2,604 |
|
| Software development costs, net of amortization of $163 and $75 |
370 |
458 |
| Other intangibles, net of amortization of $147 and $135 |
609 |
15 |
| Total assets |
36,684 |
24,333 |
| Current liabilities: |
|
|
| Accounts payable |
2,640 |
1,513 |
| Accrued liabilities |
2,505 |
1,204 |
| Unearned revenue |
7,637 |
6,470 |
| Current portion of capital lease obligation |
138 |
|
| Current portion of notes payable to bank |
995 |
223 |
| Current portion of subordinated notes payable |
2,224 |
634 |
| Total current liabilities |
16,139 |
10,044 |
| Long-term portion of unearned revenue |
1,203 |
648 |
| Long-term portion of subordinated note payable |
343 |
|
| Long-term portion of capital lease obligation |
177 |
149 |
| Long-term portion of notes payable to bank |
1,626 |
133 |
| Leasehold improvement liability |
461 |
445 |
| Deferred tax liability |
4,357 |
2,210 |
| Total liabilities |
24,306 |
13,629 |
| Stockholders' equity: |
|
|
| Preferred stock |
|
|
| Common stock, $.01 par value, authorized 10,000,000 shares; 4,241,600 and 3,999,634 shares issued and 4,228,884 and 3,986,918 shares outstanding |
43 |
40 |
| Additional paid-in capital |
193,647 |
190,653 |
| Accumulated deficit |
(181,133) |
(179,556) |
| Accumulated other comprehensive income (loss) |
16 |
(238) |
| Receivable for common stock issued |
(26) |
(26) |
| Treasury stock, at cost, 12,716 shares |
(169) |
(169) |
| Total stockholders' equity |
12,378 |
10,704 |
| Total liabilities and stockholders' equity |
36,684 |
24,333 |
|
5% preferred stock, Series B, voting, cumulative, convertible [Member]
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|
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| Stockholders' equity: |
|
|
| Preferred stock |
|
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