Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2011
Sep. 30, 2010
ASSETS    
Cash and cash equivalents $ 861 $ 246
Accounts receivable, net 3,752 4,535
Inventory, net 0 557
Prepaid expenses and other current assets 1,345 357
Current assets of discontinued operations 0 133
Total current assets 5,958 5,828
Property and equipment, net 249 420
Goodwill 2,792 2,792
Other intangible assets, net 2,905 3,011
Other assets 18 20
Total assets 11,922 12,071
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)    
Bridge note - related party 100 100
Current portion of long-term debt 180 379
Senior secured notes payable, net of unamortized deferred debt discount of $48 2,952 0
Accounts payable 3,204 2,971
Accrued expenses and other current liabilities 1,691 880
Current liabilities of discontinued operations 0 8,558
Total current liabilities 8,127 12,888
Non-current line of credit - related party 0 630
Long-term debt, less current portion 24 403
Deferred tax liability 212 153
Total liabilities 8,363 14,074
Stockholders' equity (deficiency)    
Preferred stock value      
Common stock, $0.001 par value 70,000,000 shares authorized 37,611,396 and 37,376,396 shares issued and outstanding at September 30, 2011 and 2010, respectively 38 37
Additional paid in capital 38,342 37,137
Accumulated deficit (36,583) (39,711)
Accumulated other comprehensive income (loss) 46 (507)
Total stockholders' equity (deficiency) 3,559 (2,003)
Total liabilities and stockholders' equity (deficiency) 11,922 12,071
Convertible Preferred Stock, Series A [Member]
    
Stockholders' equity (deficiency)    
Preferred stock value 30 30
Convertible Preferred Stock, Series A-1[Member]
    
Stockholders' equity (deficiency)    
Preferred stock value 311 311
Convertible Preferred Stock, Series B [Member]
    
Stockholders' equity (deficiency)    
Preferred stock value 700 700
Convertible Preferred Stock Series C-1 [Member]
    
Stockholders' equity (deficiency)    
Preferred stock value 525 0
Convertible Preferred Stock Series C-2 [Member]
    
Stockholders' equity (deficiency)    
Preferred stock value $ 150 $ 0