New Jersey
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22-1899798
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(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification No.)
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3565 Piedmont Road, NE, Building 3, Suite 700
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Atlanta, Georgia
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30305
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(Address of principal executive offices)
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(Zip Code)
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Large accelerated filer
o
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Accelerated filer
o
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Non-accelerated filer
o
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Smaller Reporting Company
x
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(Do not check if a smaller reporting company)
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Page No.
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Part I — Financial Information
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Item 1. Financial Statements
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|
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(unaudited)
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(unaudited)
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||||||||||||
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Three Months Ended
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Six Months Ended
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||||||||||||
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March 31,
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March 31,
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||||||||||||
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2016
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2015
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2016
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2015
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||||||||
Revenue
|
|
$
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16,934
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$
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15,893
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|
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$
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33,493
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$
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31,575
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Direct expenses
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13,710
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13,163
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27,352
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26,312
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|
||||
Gross margin
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3,224
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|
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2,730
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6,141
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5,263
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|
||||
General and administrative expenses
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2,513
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2,197
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5,028
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4,448
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|
||||
Depreciation and amortization
|
|
22
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|
|
18
|
|
|
42
|
|
|
41
|
|
||||
Income from operations
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689
|
|
|
515
|
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1,071
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|
|
774
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|
||||
Total other income (expense), net
|
|
(127
|
)
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|
(651
|
)
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|
(702
|
)
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(687
|
)
|
||||
Income (loss) before income taxes
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|
562
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|
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(136
|
)
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|
369
|
|
|
87
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|
||||
Income tax expense(benefit)
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|
225
|
|
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(54
|
)
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148
|
|
|
35
|
|
||||
Net income (loss)
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|
$
|
337
|
|
|
$
|
(82
|
)
|
|
$
|
221
|
|
|
$
|
52
|
|
|
|
|
|
|
|
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|
|
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||||||
Net income (loss) per share - basic
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|
$
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0.04
|
|
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$
|
(0.01
|
)
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|
$
|
0.02
|
|
|
$
|
0.01
|
|
Net income (loss) per share - diluted
|
|
$
|
0.03
|
|
|
$
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(0.01
|
)
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|
$
|
0.02
|
|
|
$
|
0.01
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|
|
|
|
|
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||||||||
Weighted average common shares outstanding
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||||||||
Basic
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9,717
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9,588
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9,642
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|
|
9,595
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||||
Diluted
|
|
10,666
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|
|
9,588
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10,540
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|
|
10,007
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|
|
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(unaudited)
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|
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||||
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March 31,
2016 |
|
September 30,
2015 |
||||
ASSETS
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|
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Current assets:
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|
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Cash and cash equivalents
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$
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6,934
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|
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$
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5,558
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Accounts receivable, net
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3,354
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|
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3,286
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|
||
Deferred taxes, net
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982
|
|
|
982
|
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||
Other current assets
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484
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|
|
429
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Total current assets
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11,754
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10,255
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||
Equipment and Improvements
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329
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336
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Deferred taxes, net
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9,286
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9,325
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Goodwill
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8,595
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8,595
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Other long-term assets
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66
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113
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Total assets
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$
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30,030
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$
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28,624
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||||
LIABILITIES AND SHAREHOLDERS’ EQUITY
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Current liabilities:
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|
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Accrued payroll
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$
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2,617
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|
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$
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2,795
|
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Accounts payable, accrued expenses, and other current liabilities
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3,813
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|
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2,851
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||
Total current liabilities
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6,430
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|
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5,646
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Other long term liabilities
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168
|
|
|
109
|
|
||
Total liabilities
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6,598
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|
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5,755
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|
||
Commitments and contingencies
|
|
|
|
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||
Shareholders' equity:
|
|
|
|
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||||
Preferred stock, $.10 par value; authorized 5,000 shares, none issued and outstanding
|
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—
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|
|
—
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Common stock, $.001 par value; authorized 40,000 shares; issued and outstanding 9,717 at March 31, 2016 and 9,551 at September 30, 2015
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10
|
|
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10
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Additional paid-in capital
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76,717
|
|
|
76,375
|
|
||
Accumulated deficit
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(53,295
|
)
|
|
(53,516
|
)
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||
Total shareholders’ equity
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23,432
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|
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22,869
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|
||
Total liabilities and shareholders' equity
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$
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30,030
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$
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28,624
|
|
|
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(unaudited)
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||||||
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Six Months Ended
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||||||
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March 31,
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||||||
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2016
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2015
|
||||
Operating activities
|
|
|
|
|
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Net income
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|
$
|
221
|
|
|
$
|
52
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
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|
||
Depreciation and amortization including financing costs
|
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42
|
|
|
41
|
|
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Non-cash equity grants
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342
|
|
|
346
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|
||
Deferred taxes, net
|
|
39
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|
|
35
|
|
||
Settlement of retroactive payment claim, net
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—
|
|
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629
|
|
||
Changes in operating assets and liabilities
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|
|
|
|
|
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Accounts receivable
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(68
|
)
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|
(165
|
)
|
||
Other current assets
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(55
|
)
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21
|
|
||
Accounts payable, accrued payroll, accrued expenses and other current liabilities
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784
|
|
|
(378
|
)
|
||
Other long term assets/liabilities
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153
|
|
|
6
|
|
||
Net cash provided by operating activities
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|
1,458
|
|
|
587
|
|
||
|
|
|
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|
||||
Investing activities
|
|
|
|
|
|
|
||
Purchase of equipment and improvements
|
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(35
|
)
|
|
(98
|
)
|
||
Net cash used in investing activities
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|
(35
|
)
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|
(98
|
)
|
||
|
|
|
|
|
||||
Financing activities
|
|
|
|
|
|
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||
Repayments of capital lease obligations
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(47
|
)
|
|
—
|
|
||
Repurchased shares of common stock subsequently canceled
|
|
—
|
|
|
(175
|
)
|
||
Net cash used in financing activities
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|
(47
|
)
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|
(175
|
)
|
||
|
|
|
|
|
||||
Net increase in cash and cash equivalents
|
|
1,376
|
|
|
314
|
|
||
Cash and cash equivalents at beginning of period
|
|
5,558
|
|
|
3,908
|
|
||
Cash and cash equivalents at end of period
|
|
$
|
6,934
|
|
|
$
|
4,222
|
|
|
|
|
|
|
||||
Supplemental disclosures of cash flow information
|
|
|
|
|
|
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||
Cash paid during the period for interest
|
|
$
|
—
|
|
|
$
|
19
|
|
Cash paid during the period for income taxes
|
|
$
|
105
|
|
|
$
|
—
|
|
|
|
|
|
(in thousands)
|
|
||||||||
|
|
|
March 31,
|
|
September 30,
|
||||||||
|
Ref
|
|
|
2016
|
|
|
|
2015
|
|
||||
Billed receivables
|
|
|
|
$
|
2,289
|
|
|
|
|
$
|
2,498
|
|
|
Unbilled receivables
|
|
|
|
1,065
|
|
|
|
|
788
|
|
|
||
Total accounts receivable
|
|
|
|
3,354
|
|
|
|
|
3,286
|
|
|
||
Less: Allowance for doubtful accounts
|
(a)
|
|
|
—
|
|
|
|
|
—
|
|
|
||
Accounts receivable, net
|
|
|
|
$
|
3,354
|
|
|
|
|
$
|
3,286
|
|
|
|
|
|
|
(in thousands)
|
|
||||||||
|
|
|
March 31,
|
|
September 30,
|
||||||||
|
Ref
|
|
|
2016
|
|
|
|
2015
|
|
||||
Accrued payroll related to billed receivables
|
|
|
|
$
|
1,879
|
|
|
|
|
$
|
2,259
|
|
|
Accrued payroll related to unbilled accounts receivable
|
|
|
|
738
|
|
|
|
|
536
|
|
|
||
Total accrued payroll
|
|
|
|
$
|
2,617
|
|
|
|
|
$
|
2,795
|
|
|
|
|
|
|
(in thousands)
|
|
||||||||
|
|
|
March 31,
|
|
September 30,
|
||||||||
|
Ref
|
|
|
2016
|
|
|
|
2015
|
|
||||
Prepaid insurance and benefits
|
|
|
|
$
|
302
|
|
|
|
|
$
|
156
|
|
|
Other prepaid expenses
|
|
|
|
182
|
|
|
|
|
273
|
|
|
||
Other current assets
|
|
|
|
$
|
484
|
|
|
|
|
$
|
429
|
|
|
|
|
|
|
(in thousands)
|
|
||||||||
|
|
|
March 31,
|
|
September 30,
|
||||||||
|
Ref
|
|
|
2016
|
|
|
|
2015
|
|
||||
Furniture and equipment
|
|
|
|
$
|
202
|
|
|
|
|
$
|
197
|
|
|
Computer equipment
|
|
|
|
186
|
|
|
|
|
162
|
|
|
||
Computer software
|
|
|
|
303
|
|
|
|
|
297
|
|
|
||
Leasehold improvements
|
|
|
|
63
|
|
|
|
|
63
|
|
|
||
Total fixed assets
|
|
|
|
754
|
|
|
|
|
719
|
|
|
||
Less accumulated depreciation and amortization
|
|
|
|
(425
|
)
|
|
|
|
(383
|
)
|
|
||
Equipment and improvements, net
|
(a)
|
|
|
$
|
329
|
|
|
|
|
$
|
336
|
|
|
|
|
|
|
(in thousands)
|
|
||||||||
|
|
|
March 31,
|
|
September 30,
|
||||||||
|
Ref
|
|
|
2016
|
|
|
|
2015
|
|
||||
Accounts payable
|
|
|
|
$
|
979
|
|
|
|
|
$
|
87
|
|
|
Accrued benefits
|
|
|
|
991
|
|
|
|
|
267
|
|
|
||
Accrued bonus and incentive compensation
|
|
|
|
164
|
|
|
|
|
858
|
|
|
||
Accrued workers compensation insurance
|
|
|
|
923
|
|
|
|
|
945
|
|
|
||
Other accrued expenses
|
|
|
|
756
|
|
|
|
|
694
|
|
|
||
Accounts payable, accrued expenses, and other current liabilities
|
|
|
|
$
|
3,813
|
|
|
|
|
$
|
2,851
|
|
|
|
|
|
(in thousands)
|
|
(in thousands)
|
||||||||||||
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
|
|
March 31,
|
|
March 31,
|
||||||||||||
|
Ref
|
|
2016
|
|
|
2015
|
|
|
2016
|
|
|
2015
|
|
||||
Interest expense, net
|
|
|
$
|
—
|
|
|
$
|
(25
|
)
|
|
$
|
—
|
|
|
$
|
(49
|
)
|
Other expense, net
|
(a)
|
|
(127
|
)
|
|
(626
|
)
|
|
(702
|
)
|
|
(638
|
)
|
||||
Total other income (expense), net
|
|
|
$
|
(127
|
)
|
|
$
|
(651
|
)
|
|
$
|
(702
|
)
|
|
$
|
(687
|
)
|
|
|
|
(in thousands)
|
||||||
|
|
|
Six Months Ended
|
||||||
|
|
|
March 31,
|
||||||
|
Ref
|
|
2016
|
|
|
2015
|
|
||
Unrecognized expense for DLH employees
|
(a)
|
|
$
|
30
|
|
|
$
|
177
|
|
Unrecognized expense for non-employee directors
|
(b)
|
|
71
|
|
|
125
|
|
||
Total unrecognized expense
|
|
|
$
|
101
|
|
|
$
|
302
|
|
|
|
(in thousands)
|
||||||||||||||
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
|
March 31,
|
|
March 31,
|
||||||||||||
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Numerator:
|
|
|
|
|
|
|
|
|
||||||||
Net income (loss)
|
|
337
|
|
|
(82
|
)
|
|
221
|
|
|
52
|
|
||||
Denominator:
|
|
|
|
|
|
|
|
|
||||||||
Denominator for basic net income per share - weighted-average outstanding shares
|
|
9,717
|
|
|
9,588
|
|
|
9,642
|
|
|
9,595
|
|
||||
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
||||||||
Stock options and restricted stock
|
|
949
|
|
|
—
|
|
|
898
|
|
|
412
|
|
||||
Denominator for diluted net income per share - weighted-average outstanding shares
|
|
10,666
|
|
|
9,588
|
|
|
10,540
|
|
|
10,007
|
|
||||
|
|
|
|
|
|
|
|
|
||||||||
Net income (loss) per share - basic
|
|
$
|
0.04
|
|
|
$
|
(0.01
|
)
|
|
$
|
0.02
|
|
|
$
|
0.01
|
|
Net income (loss) per share - diluted
|
|
$
|
0.03
|
|
|
$
|
(0.01
|
)
|
|
$
|
0.02
|
|
|
$
|
0.01
|
|
|
|
|
|
Payments Due By Period
|
|
|
||||||||||||||
Obligations
|
|
|
|
Less than
|
|
1-3
|
|
4-5
|
|
More than 5
|
||||||||||
(Amounts in thousands)
|
|
Total
|
|
1 Year
|
|
Years
|
|
Years
|
|
Years
|
||||||||||
Loan Payable (1)
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
Facility Leases (2)
|
|
2,224
|
|
|
202
|
|
|
551
|
|
|
275
|
|
|
1,196
|
|
|||||
Equipment Leases (3)
|
|
117
|
|
|
94
|
|
|
23
|
|
|
—
|
|
|
—
|
|
|||||
Total Obligations
|
|
$
|
2,341
|
|
|
$
|
296
|
|
|
$
|
574
|
|
|
$
|
275
|
|
|
$
|
1,196
|
|
•
|
Medication adherence and medication therapy management solutions;
|
•
|
Telehealth research and service offerings to the Department of Defense and federal civilian agencies;
|
•
|
Health IT and information systems solutions and services; and
|
•
|
Case management system solutions and services.
|
|
|
Six Months Ended
|
||
|
|
March 31,
|
||
Federal Market Areas
|
|
2016
|
|
2015
|
Healthcare delivery solutions
|
|
53%
|
|
52%
|
Medical logistics & technical services
|
|
47%
|
|
48%
|
Total
|
|
100%
|
|
100%
|
|
|
Three Months Ended
|
|
Change in
|
|||||||||||||||||
Consolidated Statement of Income:
|
|
March 31, 2016
|
|
March 31, 2015
|
|
$
|
|
% of Rev
|
|||||||||||||
Revenue
|
|
$
|
16,934
|
|
|
100.0
|
%
|
|
$
|
15,893
|
|
|
100.0
|
%
|
|
$
|
1,041
|
|
|
—
|
%
|
Direct expenses
|
|
13,710
|
|
|
81.0
|
%
|
|
13,163
|
|
|
82.8
|
%
|
|
547
|
|
|
(1.8
|
)%
|
|||
Gross margin
|
|
3,224
|
|
|
19.0
|
%
|
|
2,730
|
|
|
17.2
|
%
|
|
494
|
|
|
1.8
|
%
|
|||
General and administrative expenses
|
|
2,513
|
|
|
14.8
|
%
|
|
2,197
|
|
|
13.8
|
%
|
|
316
|
|
|
1.0
|
%
|
|||
Depreciation and amortization
|
|
22
|
|
|
0.1
|
%
|
|
18
|
|
|
0.1
|
%
|
|
4
|
|
|
—
|
%
|
|||
Income from operations
|
|
689
|
|
|
4.1
|
%
|
|
515
|
|
|
3.2
|
%
|
|
174
|
|
|
0.9
|
%
|
|||
Other income (expense), net
|
|
(127
|
)
|
|
(0.7
|
)%
|
|
(651
|
)
|
|
(4.1
|
)%
|
|
524
|
|
|
3.4
|
%
|
|||
Income (loss) before income taxes
|
|
562
|
|
|
3.3
|
%
|
|
(136
|
)
|
|
(0.9
|
)%
|
|
698
|
|
|
4.2
|
%
|
|||
Income tax expense(benefit)
|
|
225
|
|
|
1.3
|
%
|
|
(54
|
)
|
|
(0.3
|
)%
|
|
279
|
|
|
1.6
|
%
|
|||
Net income (loss)
|
|
$
|
337
|
|
|
2.0
|
%
|
|
$
|
(82
|
)
|
|
(0.5
|
)%
|
|
$
|
419
|
|
|
2.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Net income (loss) per share - basic
|
|
$
|
0.04
|
|
|
|
|
$
|
(0.01
|
)
|
|
|
|
$
|
0.05
|
|
|
|
|||
Net income (loss) per share - diluted
|
|
$
|
0.03
|
|
|
|
|
$
|
(0.01
|
)
|
|
|
|
$
|
0.04
|
|
|
|
|
|
Six Months Ended
|
|
Change in
|
|||||||||||||||||
Consolidated Statement of Income:
|
|
March 31, 2016
|
|
March 31, 2015
|
|
$
|
|
% of Rev
|
|
||||||||||||
Revenue
|
|
$
|
33,493
|
|
|
100.0
|
%
|
|
$
|
31,575
|
|
|
100.0
|
%
|
|
$
|
1,918
|
|
|
—
|
%
|
Direct expenses
|
|
27,352
|
|
|
81.7
|
%
|
|
26,312
|
|
|
83.3
|
%
|
|
1,040
|
|
|
(1.6
|
)%
|
|||
Gross margin
|
|
6,141
|
|
|
18.3
|
%
|
|
5,263
|
|
|
16.7
|
%
|
|
878
|
|
|
1.6
|
%
|
|||
General and administrative expenses
|
|
5,028
|
|
|
15.0
|
%
|
|
4,448
|
|
|
14.1
|
%
|
|
580
|
|
|
0.9
|
%
|
|||
Depreciation and amortization
|
|
42
|
|
|
0.1
|
%
|
|
41
|
|
|
0.1
|
%
|
|
1
|
|
|
—
|
%
|
|||
Income from operations
|
|
1,071
|
|
|
3.2
|
%
|
|
774
|
|
|
2.5
|
%
|
|
297
|
|
|
0.7
|
%
|
|||
Other income (expense), net
|
|
(702
|
)
|
|
(2.1
|
)%
|
|
(687
|
)
|
|
(2.2
|
)%
|
|
(15
|
)
|
|
0.1
|
%
|
|||
Income before income taxes
|
|
369
|
|
|
1.1
|
%
|
|
87
|
|
|
0.3
|
%
|
|
282
|
|
|
0.8
|
%
|
|||
Income tax expense(benefit)
|
|
148
|
|
|
0.4
|
%
|
|
35
|
|
|
0.1
|
%
|
|
113
|
|
|
0.3
|
%
|
|||
Net income
|
|
$
|
221
|
|
|
0.7
|
%
|
|
$
|
52
|
|
|
0.2
|
%
|
|
$
|
169
|
|
|
0.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Net income (loss) per share - basic
|
|
$
|
0.02
|
|
|
|
|
$
|
0.01
|
|
|
|
|
$
|
0.01
|
|
|
|
|||
Net income (loss) per share - diluted
|
|
$
|
0.02
|
|
|
|
|
$
|
0.01
|
|
|
|
|
$
|
0.01
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
•
|
Acquisition expenses are excluded in the current year period. Settlement of the retroactive payment claim, which is non-recurring, is excluded from the prior year period. These expenditures do not relate to the ongoing operation of the existing business base, and they tend to vary significantly based on the timing of proposed transactions. We believe that segregating and excluding these expenses allow for improved comparability of results from period to period.
|
•
|
Equity compensation is excluded because it is non-cash in nature. We believe that excluding this expense allows for improved comparability of results from period to period.
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||||||||
|
|
March 31,
|
|
March 31,
|
||||||||||||||||||||
|
|
2016
|
|
2015
|
|
Change
|
|
2016
|
|
2015
|
|
Change
|
||||||||||||
Net income (loss)
|
|
$
|
337
|
|
|
$
|
(82
|
)
|
|
$
|
419
|
|
|
$
|
221
|
|
|
$
|
52
|
|
|
$
|
169
|
|
(i) Interest and other (income) expense (net):
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
(i)(a) Interest and other expense
|
|
—
|
|
|
651
|
|
|
(651
|
)
|
|
—
|
|
|
687
|
|
|
(687
|
)
|
||||||
(i)(b) Acquisition expenses
|
|
127
|
|
|
—
|
|
|
127
|
|
|
702
|
|
|
—
|
|
|
702
|
|
||||||
(ii) Provision (benefit) for taxes
|
|
225
|
|
|
(54
|
)
|
|
279
|
|
|
148
|
|
|
35
|
|
|
113
|
|
||||||
(iii) Depreciation and amortization
|
|
22
|
|
|
18
|
|
|
4
|
|
|
42
|
|
|
41
|
|
|
1
|
|
||||||
(iv) G&A expenses - equity grants
|
|
10
|
|
|
72
|
|
|
(62
|
)
|
|
342
|
|
|
346
|
|
|
(4
|
)
|
||||||
Adjusted EBITDA
|
|
$
|
721
|
|
|
$
|
605
|
|
|
$
|
116
|
|
|
$
|
1,455
|
|
|
$
|
1,161
|
|
|
$
|
294
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Weighted-average outstanding shares fully diluted
|
|
10,666
|
|
|
9,588
|
|
|
1,078
|
|
|
10,540
|
|
|
10,007
|
|
|
533
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Fully diluted EPS on GAAP net income
|
|
$
|
0.03
|
|
|
$
|
(0.01
|
)
|
|
$
|
0.04
|
|
|
$
|
0.02
|
|
|
$
|
0.01
|
|
|
$
|
0.01
|
|
Adjustments to derive adjusted EBITDA EPS:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
(i) Interest and other expense, net:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
(i)(a) Interest and other expense
|
|
—
|
|
|
0.07
|
|
|
(0.07
|
)
|
|
—
|
|
|
0.07
|
|
|
(0.07
|
)
|
||||||
(i)(b) Acquisition expenses
|
|
0.01
|
|
|
—
|
|
|
0.01
|
|
|
0.07
|
|
|
—
|
|
|
0.07
|
|
||||||
(ii) Provision for income taxes
|
|
0.02
|
|
|
(0.01
|
)
|
|
0.03
|
|
|
0.01
|
|
|
—
|
|
|
0.01
|
|
||||||
(iii) Depreciation and amortization
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
(iv) G&A expenses — equity grants
|
|
—
|
|
|
0.01
|
|
|
(0.01
|
)
|
|
0.03
|
|
|
0.04
|
|
|
(0.01
|
)
|
||||||
Diluted EPS on Adjusted EBITDA
|
|
$
|
0.07
|
|
|
$
|
0.06
|
|
|
$
|
0.01
|
|
|
$
|
0.14
|
|
|
$
|
0.12
|
|
|
$
|
0.02
|
|
Totals may not add due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
Exhibit
|
|
|
|
Incorporated by Reference
|
|
Filed
|
||||
Number
|
|
Exhibit Description
|
|
Form
|
|
Dated
|
|
Exhibit
|
|
Herewith
|
|
|
|
|
|
|
|
|
|
|
|
2.1
|
|
Equity Purchase Agreement among the Company, Danya International LLC, DI Holdings, Inc. and the owners named therein.
|
|
8-K
|
|
5/6/16
|
|
2.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.1
|
|
Form of Term Note issued pursuant to the Loan Agreement.
|
|
8-K
|
|
5/6/16
|
|
4.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.2
|
|
Form of Revolving Credit Note issued pursuant to the Loan Agreement.
|
|
8-K
|
|
5/6/16
|
|
4.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.3
|
|
Form of Subordinated Promissory Note issued to Subordinated Lenders.
|
|
8-K
|
|
5/6/16
|
|
4.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.4
|
|
Form of Warrant issued to Subordinated Lenders.
|
|
8-K
|
|
5/6/16
|
|
4.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.1
|
|
Consulting Agreement between the Company and Jeffrey Hoffman.
|
|
8-K
|
|
5/6/16
|
|
10.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.2
|
|
Non-Competition Agreement between the Company and Jeffrey Hoffman.
|
|
8-K
|
|
5/6/16
|
|
10.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.3
|
|
Loan Agreement among Fifth third Bank, DLH Holdings Corp., DLH Solutions, Inc. and Danya International, LLC.
|
|
8-K
|
|
5/6/16
|
|
10.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.4
|
|
Form of Security Agreement entered into pursuant to the Loan Agreement.
|
|
8-K
|
|
5/6/16
|
|
10.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.5
|
|
Form of Pledge Agreement entered into pursuant to the Loan Agreement.
|
|
8-K
|
|
5/6/16
|
|
10.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.6
|
|
Note Purchase Agreement among the Company and the Subordinated Lenders.
|
|
8-K
|
|
5/6/16
|
|
10.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.7
|
|
Subordination Agreement among the Company, Fifth Third Bank and the Subordinated Lenders.
|
|
8-K
|
|
5/6/16
|
|
10.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.8#
|
|
Form of Stock Option Award Agreement under the 2016 Omnibus Equity Incentive Plan
|
|
|
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
31.1
|
|
Certification of Chief Executive Officer pursuant to Section 17 CFR 240.13a-14(a) or 17 CFR 240.15d-14(a)
|
|
|
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
31.2
|
|
Certification of Chief Financial Officer pursuant to Section 17 CFR 240.13a-14(a) or 17 CFR 240.15d-14(a)
|
|
|
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
32.1
|
|
Certification of Chief Executive Officer and Chief Financial Officer pursuant to 17 CFR 240.13a-14(b) or 17 CFR 240.15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code
|
|
|
|
|
|
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
101
|
|
The following financial information from the DLH Holdings Corp. Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2016, formatted in XBRL (eXtensible Business Reporting Language) and filed electronically herewith: (i) the Consolidated Balance Sheets; (ii) the Consolidated Statements of Operations; (iii) the Consolidated Statements of Cash Flows; and, (iv) the Notes to the Consolidated Financial Statements.
|
|
|
|
|
|
|
|
X
|
|
|
DLH HOLDINGS CORP.
|
|
|
|
|
|
|
|
By:
|
/s/ Zachary C. Parker
|
|
|
|
Zachary C. Parker
|
|
|
|
Chief Executive Officer
|
|
|
|
(Principal Executive Officer)
|
|
|
|
|
|
|
By:
|
/s/ Kathryn M. JohnBull
|
|
|
|
Kathryn M. JohnBull
|
|
|
|
Chief Financial Officer
|
|
|
|
(Principal Accounting Officer)
|
|
|
|
|
Dated: May 16, 2016
|
|
|
|
/s/ Zachary C. Parker
Zachary C. Parker
Chief Executive Officer
(Principal Executive Officer)
|
|
|
|
|
|
/s/ Kathryn M. JohnBull
Kathryn M. JohnBull
Chief Financial Officer
(Principal Accounting Officer)
|
|
|
(1)
|
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
|
(2)
|
The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.
|
|
|
|
/s/ ZACHARY C. PARKER
Zachary C. Parker
Chief Executive Officer
(Principal Executive Officer)
|
|
/s/ KATHRYN M. JOHNBULL
Kathryn M. JohnBull
Chief Financial Officer
(Principal Accounting Officer)
|