Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Sep. 30, 2021 | Dec. 15, 2021 | Mar. 31, 2021 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001378590 | ||
Entity Registrant Name | Bridgeline Digital, Inc. | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --09-30 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Sep. 30, 2021 | ||
Document Transition Report | false | ||
Entity File Number | 333-139298 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 52-2263942 | ||
Entity Address, Address Line One | 100 Sylvan Road, Suite G700 | ||
Entity Address, City or Town | Woburn | ||
Entity Address, State or Province | MA | ||
Entity Address, Postal Zip Code | 01801 | ||
City Area Code | 781 | ||
Local Phone Number | 376-5555 | ||
Title of 12(b) Security | Common Stock, $0.001 par value per share | ||
Trading Symbol | BLIN | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 13,916,252 | ||
Entity Common Stock, Shares Outstanding | 10,187,128 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 8,852 | $ 861 |
Accounts receivable, net | 1,370 | 665 |
Prepaid expenses | 179 | 268 |
Other current assets | 17 | 111 |
Total current assets | 10,418 | 1,905 |
Property and equipment, net | 252 | 238 |
Operating lease assets | 481 | 294 |
Intangible assets, net | 7,755 | 2,617 |
Goodwill | 15,985 | 5,557 |
Other assets | 76 | 49 |
Total assets | 34,967 | 10,660 |
Current liabilities: | ||
Current portion of operating lease liabilities | 161 | 96 |
Accounts payable | 974 | 1,311 |
Accrued liabilities | 908 | 599 |
Purchase price and contingent consideration payable, current portion (Note 16) | 3,463 | 0 |
Deferred revenue | 2,097 | 1,511 |
Total current liabilities | 8,335 | 3,605 |
Operating lease liabilities, net of current portion | 320 | 198 |
Purchase price and contingent consideration payable, net of current portion (Note 16) | 2,360 | |
Warrant liabilities | 4,404 | 2,486 |
Other long-term liabilities | 774 | 15 |
Total liabilities | 17,390 | 6,304 |
Stockholders’ equity: | ||
Common stock - $0.001 par value; 50,000,000 shares authorized; 10,187,128 shares at September 30, 2021 and 4,420,170 shares at September 30, 2020, issued and outstanding | 10 | 4 |
Additional paid-in capital | 100,207 | 78,316 |
Accumulated deficit | (82,287) | (73,583) |
Accumulated other comprehensive loss | (353) | (381) |
Total stockholders’ equity | 17,577 | 4,356 |
Total liabilities and stockholders’ equity | 34,967 | 10,660 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | ||
Current liabilities: | ||
Current portion of long-term debt | 732 | 0 |
Long-term debt, net of current portion (Note 10) | 1,197 | 0 |
Paycheck Protection Program CARES Act [Member] | ||
Current liabilities: | ||
Current portion of long-term debt | $ 0 | $ 88 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Sep. 30, 2021 | Sep. 30, 2020 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 10,187,128 | 4,420,170 |
Common stock, shares outstanding (in shares) | 10,187,128 | 4,420,170 |
Series A Convertible Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 264,000 | 264,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Series C Convertible Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 11,000 | 11,000 |
Preferred stock, shares issued (in shares) | 350 | 350 |
Preferred stock, shares outstanding (in shares) | 350 | 350 |
Series D Convertible Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 4,200 | 4,200 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Net revenue: | ||
Net revenue | $ 13,259 | $ 10,907 |
Cost of revenue: | ||
Cost of revenue | 4,533 | 4,507 |
Gross profit | 8,726 | 6,400 |
Operating expenses: | ||
Sales and marketing | 2,726 | 2,614 |
General and administrative | 2,359 | 2,455 |
Research and development | 2,387 | 1,641 |
Depreciation and amortization | 1,202 | 968 |
Restructuring and acquisition related expenses | 1,235 | 366 |
Total operating expenses | 9,909 | 8,044 |
Loss from operations | (1,183) | (1,644) |
Interest expense and other, net | (883) | (7) |
Government grant income (Note 10) | 88 | 960 |
Change in fair value of warrant liabilities | (5,885) | 1,028 |
Income (loss) before income taxes | (7,863) | 337 |
Provision for (benefit from) income taxes | (1,174) | 11 |
Net income (loss) | (6,689) | 326 |
Dividends on Series A convertible preferred stock | 0 | (106) |
Deemed dividend on convertible preferred stock (Notes 12 and 16) | (2,015) | (2,314) |
Net loss attributable to common shareholders | $ (8,704) | $ (2,094) |
Net loss per share attributable to common shareholders: | ||
Basic (in dollars per share) | $ (1.47) | $ (0.59) |
Diluted (in dollars per share) | $ (1.47) | $ (0.59) |
Number of weighted average shares outstanding: | ||
Basic (in shares) | 5,935,981 | 3,555,032 |
Diluted (in shares) | 5,935,981 | 3,555,032 |
Service [Member] | ||
Net revenue: | ||
Net revenue | $ 3,296 | $ 3,409 |
Cost of revenue: | ||
Cost of revenue | 1,743 | 1,831 |
License [Member] | ||
Net revenue: | ||
Net revenue | 9,963 | 7,498 |
Cost of revenue: | ||
Cost of revenue | $ 2,790 | $ 2,676 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income / (Loss) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Net income (loss) | $ (6,689) | $ 326 |
Other comprehensive income (loss): | ||
Net change in foreign currency translation adjustment | 28 | (43) |
Comprehensive income (loss) | (6,661) | 283 |
Dividends on Series A convertible preferred stock | 0 | (106) |
Deemed dividend on convertible preferred stock (Notes 12 and 16) | (2,015) | (2,314) |
Comprehensive loss attributable to common shareholders | $ (8,676) | $ (2,137) |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Conversion of Series B Convertible Preferred Stock to Common Stock [Member]Preferred Stock [Member] | Conversion of Series B Convertible Preferred Stock to Common Stock [Member]Common Stock [Member] | Conversion of Series C Convertible Preferred Stock to Common Stock [Member]Preferred Stock [Member] | Conversion of Series C Convertible Preferred Stock to Common Stock [Member]Common Stock [Member] | Series D Convertible Preferred Stock [Member]Preferred Stock [Member] | Series D Convertible Preferred Stock [Member]Common Stock [Member] | Series D Convertible Preferred Stock [Member]Additional Paid-in Capital [Member] | Series D Convertible Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Sep. 30, 2019 | 262,751 | 2,798,475 | ||||||||||||
Balance at Sep. 30, 2019 | $ 0 | $ 3 | $ 75,620 | $ (71,489) | $ (338) | $ 3,796 | ||||||||
Dividends on Series A convertible preferred stock | (106) | (106) | ||||||||||||
Deemed dividend on convertible preferred stock (Notes 12 and 16) | 2,314 | (2,314) | 2,314 | |||||||||||
Series A convertible preferred stock dividend liabilities settled in shares | $ 1 | 188 | 189 | |||||||||||
Series A convertible preferred stock dividend liabilities settled in shares (in shares) | 112,960 | |||||||||||||
Convertible preferred stock conversion to common (in shares) | (262,310) | 1,498,623 | (91) | 10,112 | ||||||||||
Convertible preferred stock conversion to common | ||||||||||||||
Stock-based compensation expense | 194 | 194 | ||||||||||||
Net income (loss) | 326 | 326 | ||||||||||||
Foreign currency translation | (43) | (43) | ||||||||||||
Impact of Deemed Dividends | 2,314 | (2,314) | 2,314 | |||||||||||
Balance (in shares) at Sep. 30, 2020 | 350 | 4,420,170 | ||||||||||||
Balance at Sep. 30, 2020 | $ 0 | $ 4 | 78,316 | (73,583) | (381) | 4,356 | ||||||||
Deemed dividend on convertible preferred stock (Notes 12 and 16) | 2,015 | (2,015) | 2,015 | |||||||||||
Convertible preferred stock conversion to common (in shares) | (4,200) | 1,842,106 | ||||||||||||
Convertible preferred stock conversion to common | $ 1 | $ 1 | ||||||||||||
Stock-based compensation expense | 607 | 607 | ||||||||||||
Net income (loss) | (6,689) | (6,689) | ||||||||||||
Foreign currency translation | 28 | 28 | ||||||||||||
Impact of Deemed Dividends | 2,015 | (2,015) | 2,015 | |||||||||||
Issuance of common stock – stock options exercised | 39 | 39 | ||||||||||||
Issuance of common stock – stock options exercised (in shares) | 27,333 | |||||||||||||
Issuance of common stock – warrants exercised | $ 3 | 12,371 | 12,374 | |||||||||||
Issuance of common stock – warrants exercised (in shares) | 1,928,086 | |||||||||||||
Issuance of stock, net of offering costs | $ 1,377 | 1,377 | $ 2 | 4,453 | 4,455 | |||||||||
Issuance of stock, net of offering costs (in shares) | 2,700 | 1,940,000 | ||||||||||||
Issuance of stock in connection with acquisition of a business | $ 930 | $ 930 | 99 | 99 | ||||||||||
Issuance of stock in connection with acquisition of a business (in shares) | 1,500 | 29,433 | ||||||||||||
Balance (in shares) at Sep. 30, 2021 | 350 | 10,187,128 | ||||||||||||
Balance at Sep. 30, 2021 | $ 0 | $ 10 | $ 100,207 | $ (82,287) | $ (353) | $ 17,577 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (6,689) | $ 326 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Amortization of intangible assets | 1,130 | 891 |
Depreciation | 70 | 61 |
Other amortization | 2 | 16 |
Change in fair value of contingent consideration | 170 | 0 |
Change in fair value of warrant liabilities | 5,885 | (1,028) |
Stock-based compensation | 607 | 194 |
Deferred income taxes | (1,196) | 0 |
Government grant income (Note 10) | (88) | (960) |
Changes in operating assets and liabilities | ||
Accounts receivable | 36 | 630 |
Prepaid expenses | 149 | 89 |
Other current assets and other assets | 99 | (21) |
Accounts payable and accrued liabilities | (920) | (585) |
Deferred revenue | (613) | (75) |
Other liabilities | 369 | (36) |
Total adjustments | 5,700 | (824) |
Net cash used in operating activities | (989) | (498) |
Cash flows from investing activities: | ||
Software development capitalization costs | (30) | 0 |
Purchase of property and equipment | (79) | 0 |
Purchase of business, net of cash acquired | (4,408) | 0 |
Net cash used in investing activities | (4,517) | 0 |
Cash flows from financing activities: | ||
Proceeds from issuance of common stock, net of issuance costs | 4,626 | 0 |
Proceeds from issuance of Series D convertible preferred stock, net of issuance costs | 2,526 | 0 |
Proceeds from stock option and warrant exercises | 7,127 | 0 |
Proceeds received under Paycheck Protection Program | 0 | 1,048 |
Payments of contingent consideration and deferred cash payable | (203) | 0 |
Payments of long-term debt | (603) | 0 |
Net cash provided by financing activities | 13,473 | 1,048 |
Effect of exchange rate changes on cash and cash equivalents | 24 | 15 |
Net increase in cash and cash equivalents | 7,991 | 565 |
Cash and cash equivalents at beginning of period | 861 | 296 |
Cash and cash equivalents at end of period | 8,852 | 861 |
Supplemental disclosures of cash flow information: | ||
Interest | 7 | 0 |
Income taxes | 0 | 3 |
Non-cash investing and financing activities: | ||
Consideration paid in stock in connection with acquisition of businesses | 1,029 | 0 |
Offering costs settled by issuance of liability classified warrants | 289 | 0 |
Dividends accrued or settled in shares on convertible preferred stock | 0 | 189 |
Deemed dividend on convertible preferred stock (Notes 12 and 16) | $ 2,015 | $ 2,314 |
Note 1 - Description of Busines
Note 1 - Description of Business | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Description of Business Overview Bridgeline Digital is a marketing technology software company that helps companies grow online revenue and share information with customers, partners and employees. Bridgeline’s Unbound platform is a Digital Experience Platform that includes Web Content Management, eCommerce, eMarketing, Social Media management, Web Analytics. Bridgeline’s Unbound platform, combined with its professional services, assists customers in driving lead generation, increasing revenue, improving customer service and loyalty, enhancing employee knowledge, and reducing operational costs. Our Unbound Franchise product empowers large franchises, brand networks, and other multi-unit organizations to manage a large hierarchy of digital properties at scale. OrchestraCMS is the only content and digital experience platform built 100% Celebros Search is a commerce-oriented site search product that provides for Natural Language Processing with artificial intelligence to present relevant search results based on long-tail keyword searches in seven Woorank SRL (“Woorank”) is a Search Engine Optimization (“SEO”) audit tool that generates an instant audit of the site’s technical, on-page and off-page SEO. Woorank’s clear, actionable insights help companies increase their search ranking, website traffic, audience engagement, conversion, and customer retention rates. Hawk Search, Inc. (“Hawk Search”) is a search, recommendation, and personalization application, built for marketers, merchandisers and developers that enhances, normalizes and enriches a customer's site search and browse experience. Hawk Search leverages advanced artificial intelligence, machine learning and industry leading analyzers to deliver accurate results from federated data sources. All of Bridgeline’s software is available through a cloud-based software as a service (“ SaaS Bridgeline Digital was incorporated under the laws of the State of Delaware on August 28, 2000. Locations The Company’s corporate office is located in Woburn, Massachusetts. The Company maintains regional field offices serving the following geographical locations: Boston, Massachusetts; Woodbury, New York; Chicago, Illinois; Raleigh, North Carolina; Ontario, Canada; and Brussels, Belgium. The Company has four |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The Company’s fiscal year end is September 30 th Use of Estimates The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles (“GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. The most significant estimates included in these consolidated financial statements are the valuation of accounts receivable, including the adequacy of the allowance for doubtful accounts, recognition and measurement of deferred revenues, fair value of contingent consideration and fair value measurements related to the valuation of warrants. The complexity of the estimation process and factors relating to assumptions, risks and uncertainties inherent with the use of the estimates affect the amount of revenue and related expenses reported in the Company’s consolidated financial statements. Internal and external factors can affect the Company’s estimates. Actual results could differ from these estimates under different assumptions or conditions. Cash and Cash Equivalents The Company considers all highly liquid instruments with original maturity of three The Company’s cash is maintained with what management believes to be high-credit quality financial institutions. At times, deposits held at these banks may Concentration of Credit Risk, Significant Customers, and Off-Balance Sheet Risk Financial instruments which potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable. The Company extends credit to customers on an unsecured basis in the normal course of business. Management performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit when deemed necessary. Accounts receivable are carried at original invoice amount, less an estimate for doubtful accounts based on a review of all outstanding amounts. The Company has no Allowance for Doubtful Accounts The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. For all customers, the Company recognizes allowances for doubtful accounts based on the length of time that the receivables are past due, current business environment and its historical experience. If the financial condition of the Company’s customers were to deteriorate, resulting in impairment of their ability to make payments, additional allowances may Revenue Recognition The Company derives its revenue from two not Revenue is recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. If the consideration promised in a contract includes a variable amount, for example, overage fees, contingent fees or service level penalties, the Company includes an estimate of the amount it expects to receive for the total transaction price if it is probable that a significant reversal of cumulative revenue recognized will not not The Company recognizes revenue from contracts with customers using a five 1. Identify the customer contract; 2. Identify performance obligations that are distinct; 3. Determine the transaction price; 4. Allocate the transaction price to the distinct performance obligations; and 5. Recognize revenue as the performance obligations are satisfied. Identify the customer contract A customer contract is generally identified when there is approval and commitment from both the Company and its customer, the rights have been identified, payment terms are identified, the contract has commercial substance and collectability and consideration is probable. Identify performance obligations that are distinct A performance obligation is a promise to provide a distinct good or service or a series of distinct goods or services. A good or service that is promised to a customer is distinct if the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer, and the Company’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract. Determine the transaction price The transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer, excluding sales taxes that are collected on behalf of government agencies. Allocate the transaction price to distinct performance obligations The transaction price is allocated to each performance obligation based on the relative standalone selling prices (“SSP”) of the goods or services being provided to the customer. The Company determines the SSP of its goods and services based upon the historical average sales prices for each type of software license and professional services sold. Recognize revenue as the performance obligations are satisfied Revenue is recognized when or as control of the promised goods or services is transferred to customers. Revenue from SaaS licenses is recognized ratably over the subscription period beginning on the date the license is made available to customers. Most subscription contracts are three not one three Disaggregation of Revenue The Company provides disaggregation of revenue based on geography and product groupings (see Note 14 Customer Payment Terms Payment terms with customers typically require payment 30 days from invoice date. Payment terms may not Warranty Certain arrangements include a warranty period, which is generally 30 days from the completion of work. In hosting arrangements, the Company provides warranties of up-time reliability. The Company continues to monitor the conditions that are subject to the warranties to identify if a warranty claim may Property and Equipment The components of property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets ( three five Internal-Use Software Costs incurred in the preliminary stages of development were expensed as incurred. Once an application had reached the development stage, internal and external costs, if direct and incremental, were capitalized until the software was substantially complete and ready for its intended use. Capitalization ceased upon completion of all substantial testing. The Company also capitalized costs related to specific upgrades and enhancements when it was probable that the expenditures would result in additional functionality. Capitalized costs were recorded as part of equipment and improvements. Training costs were expensed as incurred. Internal use software was amortized on a straight-line basis over its estimated useful life, generally three In August 2018, No. 2018 15, October 1, 2020. October 1, 2020, not not may Research and Development and Software Development Costs Costs for research and development of a software product to sell, lease or otherwise market are charged to operations as incurred until technological feasibility has been established. Once technological feasibility has been established, certain software development costs incurred during the application development stage are eligible for capitalization. Based on the Company’s software product development process, technological feasibility is established upon completion of a working model. Software development costs that are capitalized are amortized to cost of sales over the estimated useful life of the software, typically three not 2021 2020. Intangible Assets All intangible assets have finite lives and are stated at cost, net of amortization. Amortization is computed over the estimated useful life of the related assets on a straight-line method as follows: Description Estimated Useful Life (in years) Technology 3 - 5 Customer related 3 - 10 Domain and trade names 1 - 15 Goodwill The carrying value of goodwill is not September 30, may not not one Valuation of Long-Lived Assets The Company periodically reviews its long-lived assets, which consist primarily of property and equipment and intangible assets with finite lives, for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may In addition, the Company’s evaluation considers non-financial data such as market trends, product development cycles and changes in management’s market emphasis. For the definite-lived intangible asset impairment review, the carrying value of the intangible assets is compared against the estimated undiscounted cash flows to be generated over the remaining life of the intangible assets. To the extent that the undiscounted future cash flows are less than the carrying value, the fair value of the asset is determined. If such fair value is less than the current carrying value, the asset is written down to the estimated fair value. There were no 2021 2020. Business Combinations The Company allocates the amount it pays for each acquisition to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, including identifiable intangible assets which arise from a contractual or legal right or are separable from goodwill. The Company bases the fair value of identifiable intangible assets acquired in a business combination on detailed valuations that use information and assumptions provided by management, which consider management’s best estimates of inputs and assumptions that a market participant would use. The Company allocates any excess purchase price that exceeds the fair value of the net tangible and identifiable intangible assets acquired to goodwill. The use of alternative valuation assumptions, including estimated growth rates, cash flows and discounts rates and estimated useful lives could result in different purchase price allocations and amortization expense in current and future periods. Transaction costs associated with these acquisitions are expensed as incurred through acquisition related expenses on the consolidated statements of operations. In those circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the contingent payments expected to be made as of the acquisition date. The Company re-measures this liability each reporting period and records changes in the fair value through income before income taxes within the consolidated statements of operations. Foreign Currency The Company determines the appropriate method of measuring assets and liabilities as to whether the method should be based on the functional currency of the entity in the environment in which it operates or the reporting currency of the Company, the U.S. dollar. The Company has determined that the functional currency of its foreign subsidiaries are the local currencies of their respective jurisdictions. Assets and liabilities are translated into U.S. dollars at exchange rates in effect at the balance sheet date. Equity accounts are translated at historical rates, except for the change in retained earnings as a result of the income statement translation process. Revenue and expense items are translated into U.S. dollars at average exchange rates for the period. The adjustments are recorded as a separate component of stockholders’ equity and are included in accumulated other comprehensive income (loss). The Company’s foreign currency translation net gains (losses) for fiscal 2021 2020 Segment Information The Company has one Stock-Based Compensation The Company accounts for stock-based compensation in the consolidated statements of operations based on the fair values of the awards on the date of grant on a straight-line basis over their vesting term. Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on the Company’s historical experience and future expectations. Common Stock Purchase Warrants The Company estimated the fair value of common stock warrants issued to non-employees using the binomial options pricing model. The Company evaluates common stock warrants as they are issued to determine whether they should be classified as an equity instrument or a liability. Those warrants that are classified as a liability are carried at fair value at each reporting date, with changes in their fair value recorded in change in fair value of warrant liabilities in the consolidated statements of operations. Advertising Costs Advertising costs are expensed when incurred. Such costs were $286 and $149 for fiscal 2021 2020, Employee Benefits The Company sponsors a contributory 401 not no 2021 2020. Income Taxes On December 22, 2017, September 30, 2018, not December 31, 2017, The Tax Act required the Company to pay a one zero no no On March 27, 2020, 19 2019 2020, 100% 2021. 2018, 2019, 2020 five not The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the Company’s consolidated financial statements and tax returns. Deferred income taxes are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the temporary differences are expected to reverse. Valuation allowances are provided if based upon the weight of available evidence, it is more likely than not not The Company provides for reserves for potential payments of taxes to various tax authorities related to uncertain tax positions. Reserves are based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is “more likely than not” The Company does not Net Loss Per Share The Company presents basic and diluted earnings per share information for its common stock. The Series D Preferred Stock was considered participating securities, as the security may two two not no not not two fourth 2021, no September 30, 2021. Basic net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted net income per share attributable to common shareholders is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and warrants using the “treasury stock” method and convertible preferred stock using the as-if-converted method. The computation of diluted earnings per share does not For the years ended September 30, 2021 2020, 12 ngently issuable shares associated with acquired businesses (See Note 16 Recently Issued Accounting Pronouncements Not Financial Instruments Credit Losses In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 2016 13 December 15, 2022, Debt with Conversion and Other Options and Derivatives and Hedging In August 2020, No. 2020 06, Debt - Debt with Conversion and Other Options (Subtopic 470 20 and Derivatives and Hedging - Contracts in Entity s Own Equity (Subtopic 815 40 Accounting for Convertible Instruments and Contracts in an Entity s Own Equity No. 2020 06 2020 06 December 15, 2021, no December 15, 2020, Business Combinations In October 2021, No. 2021 08, Business Combinations (Topic 606 606 December 15, 2022, All other Accounting Standards Updates issued but not not |
Note 3 - Accounts Receivable
Note 3 - Accounts Receivable | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3. Accounts receivable consist of the following: As of September 30, 2021 2020 Accounts receivable $ 1,403 $ 698 Allowance for doubtful accounts (33 ) (33 ) Accounts receivable, net $ 1,370 $ 665 As of and for the year ended September 30, 2021, no 10% September 30, 2020, three |
Note 4 - Property and Equipment
Note 4 - Property and Equipment | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 4. Property and equipment Property and equipment consist of the following: As of September 30, 2021 2020 Furniture and fixtures $ 98 $ 73 Purchased software 18 18 Computer equipment 150 93 Leasehold improvements 197 195 Total cost 463 379 Less accumulated depreciation and amortization (211 ) (141 ) Property and equipment, net $ 252 $ 238 Depreciation and amortization on the above assets were $70 and $61 in fiscal 2021 2020, |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurement and Fair Value of Financial Instruments | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 5. The Company’s financial instruments consist principally of accounts receivable, accounts payable, warrant liabilities, contingent consideration and long-term debt arrangements. The Company measures its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., exit price) in an orderly transaction between market participants at the measurement date. Additionally, under U.S. GAAP, companies are required to provide disclosure and categorize assets and liabilities measured at fair value into one three 1 3 Level 1—Valuations Level 2—Valuations not Level 3—Valuations The carrying value of the Company’s accounts receivable and accounts payable approximate their fair value due to their short-term nature. Debts with an aggregate fair value of $1.7 2 The Company’s warrant liabilities are measured at fair value at each reporting period with changes in fair value recognized in earnings during the period. The fair value of the Company’s warrant liabilities are valued utilizing Level 3 September 30, 2021, September 30, 2020. As of September 30, 2021 As of September 30, 2020 At inception Montage Series C Preferred Series D Preferred Montage Capital Series C Preferred Series D Preferred Volatility 88.7 % 83.9 % 85.7 % 84.0 % 84.1 % 86.3 % Risk-free rate 0.80 % 0.50 % 1.00 % 0.28 % 0.20 % 0.90 % Stock price $ 4.11 $ 4.11 $ 4.11 $ 1.86 $ 1.86 $ 2.50 The Company recognized a gain (loss) of ($5,885) and $1,028 for the years ended September 30, 2021 2020, The Company’s contingent consideration obligations are from arrangements resulting from acquisitions that involve potential future payment of consideration that is contingent upon the achievement of the revenue targets and operational goals. Contingent consideration is recognized at its estimated fair value at the date of acquisition based on the Company’s expected probability of future payment, discounted using a weighted average cost of capital in accordance with accepted valuation methodologies. The Company reviews and re-assesses the estimated fair value of contingent consideration liabilities at each reporting period and the updated fair value could differ materially from the initial estimates. The Company measures contingent consideration recognized in connection with acquisitions at fair value on a recurring basis using significant unobservable inputs classified as Level 3 At September 30, 2021 At acquisition Revenue discount rate 3.5% 5.0% Revenue volatility 11.0% 20.3% Discount rate 10.5% 8.8% Assets and liabilities of the Company measured at fair value on a recurring basis as of September 30, 2021 2020, As of September 30, 2021 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities: Montage $ - $ - $ 13 $ 13 Series A and C - - 2,026 2,026 Series D - - 2,365 2,365 Total warrant liabilities 4,404 4,404 Contingent consideration obligations - - 3,649 3,649 Total Liabilities $ - $ - $ 8,053 $ 8,053 As of September 30, 2020 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities - Montage $ - $ - $ 26 $ 26 Warrant liabilities - Series A, B and C - - 2,460 2,460 Total Liabilities $ - $ - $ 2,486 $ 2,486 The following table provides a rollforward of the fair value, as determined by Level 3 Contingent Consideration Obligations Warrant Liabilities Balance at beginning of period, October 1, 2019 $ - $ 3,514 Additions - - Exercises - - Adjustment to fair value - (1,028 ) Balance at end of period, September 30, 2020 $ - $ 2,486 Additions 3,479 1,319 Exercises or payments - (5,286 ) Adjustment to fair value 170 5,885 Balance at end of period, September 30, 2021 $ 3,649 $ 4,404 |
Note 6 - Goodwill
Note 6 - Goodwill | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 6. The carrying value of goodwill is not September 30th, may not not Annual tests were performed at September 30, 2021 2020. not September 30, 2021 2020. Changes in the carrying value of goodwill are as follows: As of September 30, 2021 2020 Balance at beginning of period $ 5,557 $ 5,557 Acquisitions 10,428 - Balance at end of period $ 15,985 $ 5,557 |
Note 7 - Intangible Assets
Note 7 - Intangible Assets | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 7. Intangible Assets The components of intangible assets, net of accumulated amortization, are as follows: As of September 30, 2021 2020 Domain and trade names $ 732 $ 10 Customer related 5,465 1,500 Technology 1,558 1,107 Intangibles, net $ 7,755 $ 2,617 Total amortization expense related to intangible assets was $1,130 and $891 for the years ended September 30, 2021 2020, 2022, 2023, 2024, 2025, 2026 |
Note 8 - Accrued Liabilities
Note 8 - Accrued Liabilities | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 8. Accrued Liabilities Accrued liabilities consist of the following: As of September 30, 2021 2020 Compensation and benefits $ 541 $ 368 Professional fees 81 29 Taxes 84 46 Other 202 156 Balance at end of period $ 908 $ 599 |
Note 9 - Restructuring and Acqu
Note 9 - Restructuring and Acquisition Related Expenses | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | 9. Restructuring and Acquisition Related Expenses Restructuring Activities In March 2020, no September 30, 2021. The following table summarizes the restructuring charges reserve activity: Employee Severance and Benefits Facility Closures and Other Costs Total Balance at beginning of period, October 1, 2019 $ 59 $ 16 $ 75 Charges to operations 366 - 366 Cash disbursements (425 ) (16 ) (441 ) Changes in estimates - - - Accretion expense - - - Balance at end of period, September 30, 2020 $ - $ - $ - There were no accrued restructuring costs included in Accrued Liabilities as of September 30, 2021 2020, Acquisition Related Expenses In connection with the acquisition of businesses completed during the fiscal 2021 second third 16 September 30, 2021, no September 30, 2020. |
Note 10 - Long-term Debt
Note 10 - Long-term Debt | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | 10. Long-term Debt On March 1, 2021, one 16 At September 30, 2021, Vendor loan payable (“Vendor loan”), accruing interest at 4.0% per annum. Principal and interest are payable in two lump-sum installments and the loan matures on February 1, 2023. $ 718 Term loan payable, accruing interest at fixed rates ranging between 0.99% to 1.5% per annum, payable in monthly or quarterly payments of interest and principal and matures on October 10, 2022. 362 Term loan payable, accruing interest at 1.3% per annum, payable in quarterly installments and matures on April 30, 2027. 466 Seller’s note payable (“Seller’s note”), due to one of the selling shareholders, accruing interest at a fixed rate of 4.0% per annum. The Seller’s note is payable over 5 installments and matures on January 1, 2026. 383 Total debt 1,929 Less current portion: (732 ) Long-term debt, net of current portion $ 1,197 At September 30, 2021, Fiscal year : 2022 $ 732 2023 540 2024 224 2025 224 2026 85 Thereafter 124 Total debt $ 1,929 Payroll Protection Program On April 17, 2020, one 1% first six two first six 18 may may twenty-four April 21, 2020, U.S. GAAP does not 20 20” Accounting for Government Grants and Disclosure of Government Assistance. 20, 20 not 450 20 20 20, 20 not 2021 10, Government Assistance (Topic 832 20. The following provides the balance and activity related to the PPP Loan: As of September 30, 2021 2020 Balance at beginning of period $ 88 $ 1,048 Qualified expenses incurred during the period eligible for forgiveness (88 ) (960 ) Balance at end of period $ - $ 88 The Company applied for full PPP Loan forgiveness on March 29, 2021 August 2021. first 2021, September 30, 2020, |
Note 11 - Leases
Note 11 - Leases | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 11. Leases The Company leases facilities in the United States for its corporate and regional field offices. During the years ended September 30, 2021 2020, 2015. Determination of Whether a Contract Contains a Lease We determine if an arrangement is a lease at inception, or upon modification of a contract and classify each lease as either an operating or finance lease at commencement. The Company reassesses lease classification subsequent to commencement upon a change to the expected lease term or a modification to the contract. Operating leases represent the Company’s right to use an underlying asset as lessee for the lease term and lease obligations represent the Company’s obligation to make lease payments arising from the lease. A contract contains a lease if the contract conveys the right to control the use of the identified property or equipment, explicitly or implicitly, for a period of time in exchange for consideration. Control of an underlying asset is conveyed if we obtain the rights to direct the use of and obtain substantially all of the economic benefit from the use of the underlying asset. At commencement, contracts containing a lease are further evaluated for classification as an operating lease or finance lease based on their terms. ROU Model and Determination of Lease Term The Company uses the Right-of-Use (“ROU”) model to account for leases, which requires an entity to recognize a lease liability and ROU asset on the lease commencement date. A lease liability is measured equal to the present value of the remaining lease payments over the lease term and is discounted using the incremental borrowing rate, as the rates implicit in the Company’s leases are not Lease Costs For operating leases, minimum lease payments, including minimum scheduled rent increases, are recognized as operating lease costs on a straight-line basis over the applicable lease terms. Some operating lease arrangements include variable lease costs, including real estate taxes, insurance, common area maintenance or increases in rental costs related to inflation. Such variable payments, other than those dependent upon a market index or rate, are excluded from the measurement of the lease liability and are expensed when the obligation for those payments is incurred. Significant Assumptions and Judgments Management makes certain estimates and assumptions regarding each new lease and sublease agreement, renewal and amendment, including, but not 1 2 3 The components of net lease costs were as follows: As of September 30, 2021 2020 Condensed Consolidated Statements of Operations: Operating lease cost $ 115 $ 273 Variable lease cost 55 84 Less: Sublease income, net (101 ) (73 ) Total $ 69 $ 284 Cash paid for amounts included in the measurement of lease liabilities was $225 for the year ended September 30, 2021, September 30, 2021, At September 30, 2021, one Payments Operating Leases Receipts Subleases Net Leases Fiscal year: 2022 $ 185 $ 101 $ 84 2023 173 101 72 2024 116 34 82 2025 69 - 69 2026 7 - 7 Total lease commitments 550 $ 236 $ 314 Less: Amount representing interest (69 ) Present value of lease liabilities 481 Less: Current portion (161 ) Operating lease liabilities, net of current portion $ 320 As of September 30, 2021, no 2026. At September 30, 2020, one Payments Operating Leases Receipts Subleases Net Leases Fiscal year: 2021 $ 96 $ 101 $ (5 ) 2022 82 101 (19 ) 2023 85 101 (16 ) 2024 87 36 51 2025 88 - 88 Total lease commitments $ 438 $ 339 $ 99 |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 12. Stockholders Equity Series A Convertible Preferred Stock The Company has designated 264,000 shares of its preferred stock as Series A Convertible Preferred Stock (“Series A Preferred Stock”). The shares of Series A Preferred Stock may On December 31, 2019 ( Conversion Price: Mandatory Conversion: fifteen ten may 144. Company s Redemption Option: may ten 100% may Dividends: first eighteen January 1, 2020 In the event of any liquidation, dissolution, or winding up of the Company, the holders of shares of Series A Preferred Stock will be entitled to receive in preference to the holders of common stock, the amount equal to the Stated Value per share of Series A Preferred Stock plus declared and unpaid dividends, if any. After such payment has been made, the remaining assets of the Company will be distributed ratably to the holders of common stock. The Series A Preferred Stock shall vote with the common stock on an as-converted basis. Prior to fiscal 2019, The Company determined that the Series A Amendment represented an extinguishment for accounting purposes. In making this determination, the Company considered the significance of the contractual terms added and revisions to existing contractual terms, including, but not 1 2 2020. As of September 30, 2020, Series C Convertible Preferred Stock The Company has designated 11,000 shares of its preferred stock as Series C Convertible Preferred Stock (“Series C Preferred Stock”). The Company may not not 4.99% 9.99% September 30, 2021, Registered Offering of Common Stock and Private Placement of Series D Convertible Preferred Stock (the May 2021 ) On May 14, 2021, 1933, 3. Additionally, on May 14, 2021, one one 2,700 Joseph Gunnar & Company, LLC acted as lead placement agent for both the RD Offering and the Private Placement (collectively, the “May 2021 May 2021 May 2021 In connection with the Private Placement, the Company filed the Certificate of Designation of Preferences, Rights and Limitations of the Series D Convertible Preferred Stock, with the Secretary of State for the State of Delaware, designating 4,200 shares of the Company’s preferred stock as Series D Preferred. The terms and conditions set forth in the Certificate of Designation are summarized below: Stated Value: Dividends: six Voting: no may not, Liquidation Preference: After Stockholder Approval, the Series D Preferred Stock has no Conversion: may not Stockholder Approval: 5635 16 20% 5635 16 May 2021 not September 16, 2021, The Series D Preferred Stock contains an embedded conversion feature that could affect the ultimate settlement of the Series D Preferred Stock. The Company determined that the embedded conversion feature’s economic characteristics and risks were clearly and closely related to the economic characteristics and risks of the Series D Preferred Stock. As a result, the embedded conversion feature was not The Series D Preferred Stock issued contains a beneficial conversion feature, which arises when a debt or equity security is issued with an embedded conversion option that is deemed beneficial to the investor, that is, in-the-money, at inception, as the conversion option has an effective conversion price that is less than the market price of the underlying stock at the commitment date. An embedded beneficial conversion feature is required to be recognized separately by allocating a portion of the proceeds equal to the intrinsic value, at the commitment date, of the feature to additional paid-in capital. As discussed below, the May 2021 16, third 2021, September 30, 2021, fourth 2021, no September 30, 2021. As noted above, in connection with the May 2021 592,106 179,536 5 As the common stock in the RD Offering was sold concurrently with the Units sold in the Private Placement, for any common purchasers, inclusive of purchaser affiliated entities, the aggregate proceeds from the May 2021 May 2021 The issuance date fair value of the Series D Warrants issued to placement agents was determined to be incremental cost directly attributable to the May 2021 Registration Rights The registration rights agreement, entered into in connection with the Series D Preferred Stock Units Private Placement, requires the Company to file with the SEC a registration statement no 15 no 60 90 not not Pursuant to the terms of the registration rights agreement, the Company on May 28, 2021, 3 August 18, 2021, Registered Offering and Sale of Common Stock On February 4, 2021, 1933, 3 No. 333 239104 June 12, 2020, June 25, 2020. February 5, 2021. February 8, 2021, Joseph Gunnar & Company, LLC acted as lead placement agent for the Offering, and Taglich Brothers, Inc. acted as co-placement agent for the Offering (the “Placement Agents”). As compensation for their services, the Company paid to the Placement Agents a fee equal to 8% of the aggregate purchase price paid for shares placed by the Placement Agents at closing and reimbursed the Placement Agents for certain expenses incurred in connection with the Offering. In addition, the Company issued to the Placement Agents warrants to purchase an aggregate of 58,169 shares of common stock (the “Placement Agent Warrants”). The Placement Agent Warrants have a term of five $3.875 Amended and Restated Stock Incentive Plan The Company has granted common stock, common stock warrants, and common stock option awards (the “Equity Awards”) to employees, consultants, advisors and former debt holders of the Company and to former owners and employees of acquired companies that have become employees of the Company. The Company’s Amended and Restated Stock Incentive Plan (the “Plan”) provided for the issuance of up to 5,000 shares of common stock. This Plan expired in August 2016. September 30, 2021, April 29, 2016, 2016 “2016 2016 November 2019, 2016 no September 30, 2021, 2016 Compensation Expense Compensation expense is generally recognized on a graded accelerated basis over the vesting period of grants. Compensation expense is recorded in the consolidated statements of operations with a portion charged to Cost of revenue and a portion to Operating expenses, depending on the employee’s department. During the years ended September 30, 2021 2020, Years ended September 30, 2021 2020 Cost of revenue $ 25 $ 21 Operating expenses 163 173 Interest expense and other, net 419 - $ 607 $ 194 Interest expense and other, net includes compensation expense related the fair value of fully-vested stock options granted in August 2021. Summary of Option and Warrant Activity and Outstanding Shares September 30, 2021, Common Stock Warrants The Company typically issues warrants to individual investors and placement agents to purchase shares of the Company’s common stock in connection with public and private placement fund raising activities. Warrants may six five Montage Warrant not eight $132.50 1 2 3 13 14 2 1934. September 30, 2021 2020, Series A, B and C Preferred Warrants - March 2019, 5.5 $4.00; $4.00; 5.5 may not not 4.99% 9.99% September 30, 2021, As of September 30, 2021, Series D Preferred Warrants - May 14, 2021 May 14, 2021 November 14, 2021, five November 16, 2026. $2.51. In addition, pursuant to the May 2021 May 14, 2021 November 14, 2021, five May 12, 2026. $2.85. The Company may not not May 2021 4.99% 9.99% September 30, 2021, The Montage Warrants, Series C Preferred Warrants, the Placement Agent Warrants issued in connection with the Series C Preferred Stock, and the Series D Warrants were all determined to be derivative liabilities and are subject to remeasurement each reporting period (see Note 5 Total warrants outstanding as September 30, 2021 Type Issue Date Shares Price Expiration Investors 11/9/2016 4,271 $ 175.00 5/9/2022 Director/Shareholder 12/31/2016 120 $ 1,000.00 12/31/2021 Financing (Montage) 10/10/2017 1,327 $ 132.50 10/10/2025 Director/Shareholder 12/31/2017 120 $ 1,000.00 12/31/2021 Investors 10/19/2018 3,120 $ 25.00 10/19/2023 Placement Agent 10/16/2018 10,000 $ 31.25 10/16/2023 Investors 3/12/2019 41,621 $ 4.00 10/19/2023 Investors 3/12/2019 872,625 $ 4.00 9/12/2024 Investors 3/12/2019 13,738 $ 0.05 9/12/2024 Placement Agent 3/12/2019 11,992 $ 4.00 9/12/2024 Placement Agent 2/4/2021 58,169 $ 3.88 2/4/2026 Investors 5/14/2021 592,106 $ 2.51 11/16/2026 Placement Agent 5/14/2021 179,536 $ 2.85 5/12/2026 Total 1,788,745 Warrant Issuances During the year ended September 30, 2021, Issuances Shares Exercise Price Placement Agent - public offering 58,169 $ 3.88 Investors - Series D 592,106 $ 2.51 Placement Agent 179,536 $ 2.85 Total issued in fiscal 2021 829,811 During the year ended September 30, 2020, Summary of Option and Warrant Activity and Outstanding Shares During the year ended September 30, 2021, $2.51, three June 1, 2021, ( August 2, 2021, three September 30, 2021. ten During the year ended September 30, 2020, November 20, 2020 three November 20, 2019, ( three December 2, 2019, $1.61, three June 15, 2020. ten The weighted-average option fair values, as determined using the Black-Scholes option valuation model, and the assumptions used to estimate these values for stock options granted during the years ended September 30, 2021 2020, September 30, 2021 2020 Weighted-average fair value per share option $ 2.96 $ 0.96 Expected life (in years) 5.6 6.0 Volatility 85.8 % 76.29 % Risk-free interest rate 1.0 % 1.61 % Dividend yield 0.0 % 0.0 % The expected option term is the number of years the Company estimates the options will be outstanding prior to exercise based on historical trends of employee turnover. Expected volatility is based on historical daily price changes of the Company’s common stock for a period equal to the expected life. The risk-free interest rate is based on the U.S. Treasury yield in effect at the time of grant. The expected dividend yield is zero not not A summary of combined stock option and warrant activity is as follows: Stock Options Stock Warrants Weighted Weighted Average Average Exercise Exercise Options Price Warrants Price Outstanding, October 1, 2019 8,048 $ 306.41 5,496,966 $ 4.54 Granted 702,353 1.41 - - Exercised - - - - Forfeited (97,000 ) 3.96 - - Expired - - (967 ) 952.11 Outstanding, September 30, 2020 613,401 4.76 5,495,999 4.37 Granted 240,000 4.35 829,811 2.68 Exercised (27,333 ) 1.40 (1,976,387 ) 3.89 Forfeited (26,647 ) 2.38 - - Expired (220 ) 470.77 (2,560,678 ) 4.28 Outstanding, September 30, 2021 799,201 $ 4.66 1,788,745 $ 4.18 There were 339,769 and 5,865 options vested and exercisable as of September 30, 2021 2020, September 30, 2021 2020 A summary of the status of unvested shares is as follows: Weighted Average Grant-Date Shares Fair Value Unvested at October 1, 2020 607,336 $ 0.97 Granted 240,000 2.96 Vested (361,257 ) 2.20 Forfeited (26,647 ) 0.96 Unvested at September 30, 2021 459,432 $ 1.14 The following table summarizes information about outstanding stock options at September 30, 2021: Exercise Price Number of Options Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value Options outstanding 799,201 8.6 $ 4.66 $ 1,639,847 Options exercisable 339,769 8.6 $ 8.73 $ 585,794 |
Note 13 - Commitments and Conti
Note 13 - Commitments and Contingencies | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 13. Commitments and Contingencies The Company leases certain of its buildings under noncancelable lease agreements. Refer to the Leases 11 The Company frequently warrants that the technology solutions it develops for its clients will operate in accordance with the project specifications without defects for a specified warranty period, subject to certain limitations that the Company believes are standard in the industry. In the event that defects are discovered during the warranty period, and none not The Company’s contracts typically provide for testing and client acceptance procedures that are designed to mitigate the likelihood of warranty-related claims, although there can be no not September 30, 2021. The Company’s agreements with customers generally require the Company to indemnify the customer against claims in which the Company’s products infringe third September 30, 2021, 2020, not no not no Litigation The Company is subject to ordinary routine litigation and claims incidental to its business. As of September 30, 2021, not |
Note 14 - Revenues and Other Re
Note 14 - Revenues and Other Related Items | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 14. Revenues and Other Related Items Disaggregated Revenues The Company disaggregates revenue from contracts with customers by geography and product grouping, as it believes this best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The Company’s revenue by geography (based on customer address) is as follows: Years Ended September 30, Revenues: 2021 2020 United States $ 10,266 $ 9,013 International 2,993 1,894 $ 13,259 $ 10,907 The largest concentration within the Company’s international revenue geography is within Canada. Long-lived assets located in foreign jurisdictions aggregated approximately $7.5 million and $3.5 million as of September 30, 2021 2020, The Company’s revenue by type is as follows: Years Ended September 30, Revenues: 2021 2020 Digital Engagement Services $ 3,296 $ 3,409 Subscription 8,736 6,185 Perpetual Licenses - 20 Maintenance 380 349 Hosting 847 944 $ 13,259 $ 10,907 Deferred Revenue Amounts that have been invoiced are recognized in accounts receivable, deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. Deferred revenue represents amounts billed for which revenue has not 12 As of September 30, 2021, one The following table summarizes the classification and net change in deferred revenue as of and for the years ended September 30, 2021 2020: Deferred Revenue Current Long Term Balance as of October 1, 2019 $ 1,262 $ 8 Increase 249 7 Balance as of September 30, 2020 1,511 15 Increase 586 403 Balance as of September 30, 2021 $ 2,097 $ 418 Deferred Capitalized Commissions Costs The incremental direct costs of obtaining a contract, which primarily consist of sales commissions paid for new subscription contracts, are deferred and amortized on a straight-line basis over a period of approximately three thirty-six 36 12 September 30, 2021 2020, September 30, 2021 2020, |
Note 15 - Income Taxes
Note 15 - Income Taxes | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 15. Income Taxes The components of the Company’s tax provision (benefit) as of September 30, 2021 2020, Year Ended September 30, 2021 2020 Current: Federal $ (11 ) $ - State 33 11 Foreign - - Total current 22 11 Deferred: Federal (953 ) - State (217 ) - Foreign (26 ) - Total deferred (1,196 ) - Grand total $ (1,174 ) $ 11 The Company’s income tax provision was computed using the federal statutory rate and average state statutory rates, net of related federal benefit. The provision differs from the amount computed by applying the statutory federal income tax rate to pretax income, as follows: Year Ended September 30, 2021 2020 Income tax provision/(benefit) at the federal statutory rate of 21% $ (1,695 ) $ 67 Permanent differences, net 1,503 (682 ) State income tax provision/(benefit) 26 14 Foreign tax rate differences 340 - Change in valuation allowance attributable to operations (1,202 ) 486 True up to prior year NOL (146 ) 110 AMT tax refundable under CARES act - 23 Other - (7 ) Total $ (1,174 ) $ 11 As of September 30, 2021, $32 2037 382 may not 382 382 may 2039. The Company has deferred tax assets that are available to offset future taxable income. A valuation allowance is established if it is more likely than not not not not September 30, 2021 2020. September 30, 2021 2020, 16 $ $1,181 September 30, 2021. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense. Penalties, if incurred, are recognized as a component of tax expense. The Company is subject to U.S. federal income tax as well as income tax of certain state jurisdictions. The Company has not 2017– 2021 Significant components of the Company’s deferred tax assets and liabilities are as follows: September 30, 2021 2020 Deferred tax assets: Bad debt reserve $ 8 $ 8 Deferred revenue 1,392 754 Accrued expenses 86 37 AMT carryforward - - Net operating loss carryforwards 9,016 9,363 Contribution carryforward 1 1 Right of use liability 121 74 Debt forgiveness - 243 Stock Options 127 - Other 20 - Depreciation - 8 Intangibles - 408 Total deferred tax assets 10,771 10,896 Valuation allowance (10,083 ) (10,577 ) Net deferred tax assets 688 319 Deferred tax liabilities: Right of use asset 121 75 Depreciation 32 - Intangibles 901 - Expenses related to debt forgiveness - 244 Total deferred tax liabilities 1,054 319 Net deferred tax liabilities $ (366 ) $ - Net deferred tax assets are reflected in Other assets and net deferred tax liabilities are reflected in Other long-term liabilities on the consolidated balance sheets. Undistributed earnings of the Company’s foreign subsidiaries amounted to approximately $0 and $85 at September 30, 2021 2020, 2017 740, No. 5, Accounting for Global Intangible Low-Taxed Income, may 2017 September 30, 2021, no September 30, 2021. not no September 30, 2021 2020. not twelve |
Note 16 - Acquisitions
Note 16 - Acquisitions | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 16. Acquisitions Woorank Acquisition On March 1, 2021, 805, Business Combinations 1 2 3 one 4 one one three September 30, 2021, € may The Company accounted for the Woorank transaction as a business combination. The Company determined that the fair value of the gross assets acquired was not 3 Hawk Search Acquisition On May 28, 2021, 1 2 3 December 31, 2021. no December 31, 2022. The Company accounted for the Hawk Search transaction as a business combination. The Company determined that the fair value of the gross assets acquired was not third 12 12, 3 The acquisition date fair value of consideration transferred was as follows: Woorank Hawk Search Total Cash paid at or in close proximity to closing $ 285 $ 4,800 $ 5,085 Future deferred payments 376 2,000 2,376 Common stock (29,433 shares at $3.38 per share) 99 - 99 Series D Convertible Preferred Stock (1,500 shares at $618 per share) - 930 930 Seller’s note 352 - 352 Contingent consideration (earn-outs) 1,289 2,190 3,479 Total consideration paid $ 2,401 $ 9,920 $ 12,321 The preliminary acquisition date fair value of assets acquired, and liabilities assumed was as follows: Woorank Hawk Search Total Assets acquired: Cash $ 577 $ 100 $ 677 Non-cash current assets 23 780 803 Property and equipment 5 - 5 Intangible assets: Acquired software 282 560 842 Customer relationships 1,280 3,410 4,690 Domain and trade names 116 620 736 Goodwill 2,888 7,540 10,428 Total assets acquired 5,171 13,010 18,181 Liabilities assumed: Current liabilities 208 1,909 2,117 Assumed debt obligations 2,159 - 2,159 Deferred tax liabilities 403 1,181 1,584 Total liabilities assumed 2,770 3,090 5,860 Total consideration paid $ 2,401 $ 9,920 $ 12,321 The average useful lives of the identifiable intangible assets acquired were as follows: Woorank Hawk Search (in years) Acquired software 5 5 Customer relationships 8 10 Domain and trade names 12 15 Total revenue from the Woorank and Hawk Search acquisitions was $1.0 million and $1.9 million respectively, for the year ended September 30, 2021. not Pro Forma Information (Unaudited) The following is the unaudited pro forma information assuming the acquisitions occurred on October 1, 2019: Year ended September 30, 2021 Year ended September 30, 2020 (in thousands, except share and per share data) Revenue $ 16,381 $ 16,817 Net income (loss) attributable to common shareholders - basic $ (8,773 ) $ (2,971 ) Net income (loss) attributable to common shareholders - diluted $ (8,773 ) $ (2,971 ) Net income (loss) per share attributable to common shareholders: Basic $ (1.49 ) $ (0.84 ) Diluted $ (1.49 ) $ (0.84 ) Weighted average common shares outstanding - basic 5,935,981 3,555,032 Weighted average common shares outstanding - diluted 5,935,981 3,555,032 |
Note 17 - Related Party Transac
Note 17 - Related Party Transactions | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 17. Related Party Transactions In October 2013, September 30, 2021, In connection with the November 2016 five one six May 9, 2017. May 9, 2022. In consideration of previous loans made by Michael Taglich to the Company and the personal guaranty on a former third no In November 2018, three $5 $200 Michael Taglich purchased 350 units in the amount of $350 of Series C Preferred Stock and associated warrants in the private transaction consummated on March 13, 2019. 5635 April 26, 2019. In connection with the February May 2021 12 |
Note 18 - Subsequent Events
Note 18 - Subsequent Events | 12 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 18. The Company evaluated subsequent events through the date of this filing and concluded there were no |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Basis of Presentation and Principles of Consolidation The Company’s fiscal year end is September 30 th |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles (“GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. The most significant estimates included in these consolidated financial statements are the valuation of accounts receivable, including the adequacy of the allowance for doubtful accounts, recognition and measurement of deferred revenues, fair value of contingent consideration and fair value measurements related to the valuation of warrants. The complexity of the estimation process and factors relating to assumptions, risks and uncertainties inherent with the use of the estimates affect the amount of revenue and related expenses reported in the Company’s consolidated financial statements. Internal and external factors can affect the Company’s estimates. Actual results could differ from these estimates under different assumptions or conditions. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid instruments with original maturity of three The Company’s cash is maintained with what management believes to be high-credit quality financial institutions. At times, deposits held at these banks may |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk, Significant Customers, and Off-Balance Sheet Risk Financial instruments which potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable. The Company extends credit to customers on an unsecured basis in the normal course of business. Management performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit when deemed necessary. Accounts receivable are carried at original invoice amount, less an estimate for doubtful accounts based on a review of all outstanding amounts. The Company has no |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | Allowance for Doubtful Accounts The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. For all customers, the Company recognizes allowances for doubtful accounts based on the length of time that the receivables are past due, current business environment and its historical experience. If the financial condition of the Company’s customers were to deteriorate, resulting in impairment of their ability to make payments, additional allowances may |
Revenue from Contract with Customer [Policy Text Block] | Revenue is recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. If the consideration promised in a contract includes a variable amount, for example, overage fees, contingent fees or service level penalties, the Company includes an estimate of the amount it expects to receive for the total transaction price if it is probable that a significant reversal of cumulative revenue recognized will not not The Company recognizes revenue from contracts with customers using a five 1. Identify the customer contract; 2. Identify performance obligations that are distinct; 3. Determine the transaction price; 4. Allocate the transaction price to the distinct performance obligations; and 5. Recognize revenue as the performance obligations are satisfied. Identify the customer contract A customer contract is generally identified when there is approval and commitment from both the Company and its customer, the rights have been identified, payment terms are identified, the contract has commercial substance and collectability and consideration is probable. Identify performance obligations that are distinct A performance obligation is a promise to provide a distinct good or service or a series of distinct goods or services. A good or service that is promised to a customer is distinct if the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer, and the Company’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract. Determine the transaction price The transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer, excluding sales taxes that are collected on behalf of government agencies. Allocate the transaction price to distinct performance obligations The transaction price is allocated to each performance obligation based on the relative standalone selling prices (“SSP”) of the goods or services being provided to the customer. The Company determines the SSP of its goods and services based upon the historical average sales prices for each type of software license and professional services sold. Recognize revenue as the performance obligations are satisfied Revenue is recognized when or as control of the promised goods or services is transferred to customers. Revenue from SaaS licenses is recognized ratably over the subscription period beginning on the date the license is made available to customers. Most subscription contracts are three not one three Disaggregation of Revenue The Company provides disaggregation of revenue based on geography and product groupings (see Note 14 |
Receivable [Policy Text Block] | Customer Payment Terms Payment terms with customers typically require payment 30 days from invoice date. Payment terms may not |
Standard Product Warranty, Policy [Policy Text Block] | Warranty Certain arrangements include a warranty period, which is generally 30 days from the completion of work. In hosting arrangements, the Company provides warranties of up-time reliability. The Company continues to monitor the conditions that are subject to the warranties to identify if a warranty claim may |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment The components of property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets ( three five Internal-Use Software Costs incurred in the preliminary stages of development were expensed as incurred. Once an application had reached the development stage, internal and external costs, if direct and incremental, were capitalized until the software was substantially complete and ready for its intended use. Capitalization ceased upon completion of all substantial testing. The Company also capitalized costs related to specific upgrades and enhancements when it was probable that the expenditures would result in additional functionality. Capitalized costs were recorded as part of equipment and improvements. Training costs were expensed as incurred. Internal use software was amortized on a straight-line basis over its estimated useful life, generally three In August 2018, No. 2018 15, October 1, 2020. October 1, 2020, not not may |
Research and Development Expense, Policy [Policy Text Block] | Research and Development and Software Development Costs Costs for research and development of a software product to sell, lease or otherwise market are charged to operations as incurred until technological feasibility has been established. Once technological feasibility has been established, certain software development costs incurred during the application development stage are eligible for capitalization. Based on the Company’s software product development process, technological feasibility is established upon completion of a working model. Software development costs that are capitalized are amortized to cost of sales over the estimated useful life of the software, typically three not 2021 2020. |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Intangible Assets All intangible assets have finite lives and are stated at cost, net of amortization. Amortization is computed over the estimated useful life of the related assets on a straight-line method as follows: Description Estimated Useful Life (in years) Technology 3 - 5 Customer related 3 - 10 Domain and trade names 1 - 15 |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill The carrying value of goodwill is not September 30, may not not one |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Valuation of Long-Lived Assets The Company periodically reviews its long-lived assets, which consist primarily of property and equipment and intangible assets with finite lives, for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may In addition, the Company’s evaluation considers non-financial data such as market trends, product development cycles and changes in management’s market emphasis. For the definite-lived intangible asset impairment review, the carrying value of the intangible assets is compared against the estimated undiscounted cash flows to be generated over the remaining life of the intangible assets. To the extent that the undiscounted future cash flows are less than the carrying value, the fair value of the asset is determined. If such fair value is less than the current carrying value, the asset is written down to the estimated fair value. There were no 2021 2020. |
Business Combinations Policy [Policy Text Block] | Business Combinations The Company allocates the amount it pays for each acquisition to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, including identifiable intangible assets which arise from a contractual or legal right or are separable from goodwill. The Company bases the fair value of identifiable intangible assets acquired in a business combination on detailed valuations that use information and assumptions provided by management, which consider management’s best estimates of inputs and assumptions that a market participant would use. The Company allocates any excess purchase price that exceeds the fair value of the net tangible and identifiable intangible assets acquired to goodwill. The use of alternative valuation assumptions, including estimated growth rates, cash flows and discounts rates and estimated useful lives could result in different purchase price allocations and amortization expense in current and future periods. Transaction costs associated with these acquisitions are expensed as incurred through acquisition related expenses on the consolidated statements of operations. In those circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the contingent payments expected to be made as of the acquisition date. The Company re-measures this liability each reporting period and records changes in the fair value through income before income taxes within the consolidated statements of operations. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency The Company determines the appropriate method of measuring assets and liabilities as to whether the method should be based on the functional currency of the entity in the environment in which it operates or the reporting currency of the Company, the U.S. dollar. The Company has determined that the functional currency of its foreign subsidiaries are the local currencies of their respective jurisdictions. Assets and liabilities are translated into U.S. dollars at exchange rates in effect at the balance sheet date. Equity accounts are translated at historical rates, except for the change in retained earnings as a result of the income statement translation process. Revenue and expense items are translated into U.S. dollars at average exchange rates for the period. The adjustments are recorded as a separate component of stockholders’ equity and are included in accumulated other comprehensive income (loss). The Company’s foreign currency translation net gains (losses) for fiscal 2021 2020 |
Segment Reporting, Policy [Policy Text Block] | Segment Information The Company has one |
Share-based Payment Arrangement [Policy Text Block] | Stock-Based Compensation The Company accounts for stock-based compensation in the consolidated statements of operations based on the fair values of the awards on the date of grant on a straight-line basis over their vesting term. Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on the Company’s historical experience and future expectations. |
Common Stock Purchase Warrants Policy [Policy Text Block] | Common Stock Purchase Warrants The Company estimated the fair value of common stock warrants issued to non-employees using the binomial options pricing model. The Company evaluates common stock warrants as they are issued to determine whether they should be classified as an equity instrument or a liability. Those warrants that are classified as a liability are carried at fair value at each reporting date, with changes in their fair value recorded in change in fair value of warrant liabilities in the consolidated statements of operations. |
Advertising Cost [Policy Text Block] | Advertising Costs Advertising costs are expensed when incurred. Such costs were $286 and $149 for fiscal 2021 2020, |
Pension and Other Postretirement Plans, Policy [Policy Text Block] | Employee Benefits The Company sponsors a contributory 401 not no 2021 2020. |
Income Tax, Policy [Policy Text Block] | Income Taxes On December 22, 2017, September 30, 2018, not December 31, 2017, The Tax Act required the Company to pay a one zero no no On March 27, 2020, 19 2019 2020, 100% 2021. 2018, 2019, 2020 five not The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the Company’s consolidated financial statements and tax returns. Deferred income taxes are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the temporary differences are expected to reverse. Valuation allowances are provided if based upon the weight of available evidence, it is more likely than not not The Company provides for reserves for potential payments of taxes to various tax authorities related to uncertain tax positions. Reserves are based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is “more likely than not” The Company does not |
Earnings Per Share, Policy [Policy Text Block] | Net Loss Per Share The Company presents basic and diluted earnings per share information for its common stock. The Series D Preferred Stock was considered participating securities, as the security may two two not no not not two fourth 2021, no September 30, 2021. Basic net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted net income per share attributable to common shareholders is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and warrants using the “treasury stock” method and convertible preferred stock using the as-if-converted method. The computation of diluted earnings per share does not For the years ended September 30, 2021 2020, 12 ngently issuable shares associated with acquired businesses (See Note 16 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Not Financial Instruments Credit Losses In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 2016 13 December 15, 2022, Debt with Conversion and Other Options and Derivatives and Hedging In August 2020, No. 2020 06, Debt - Debt with Conversion and Other Options (Subtopic 470 20 and Derivatives and Hedging - Contracts in Entity s Own Equity (Subtopic 815 40 Accounting for Convertible Instruments and Contracts in an Entity s Own Equity No. 2020 06 2020 06 December 15, 2021, no December 15, 2020, Business Combinations In October 2021, No. 2021 08, Business Combinations (Topic 606 606 December 15, 2022, All other Accounting Standards Updates issued but not not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule Of Estimated Useful Life of Intangible Assets [Table Text Block] | Description Estimated Useful Life (in years) Technology 3 - 5 Customer related 3 - 10 Domain and trade names 1 - 15 |
Note 3 - Accounts Receivable (T
Note 3 - Accounts Receivable (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | As of September 30, 2021 2020 Accounts receivable $ 1,403 $ 698 Allowance for doubtful accounts (33 ) (33 ) Accounts receivable, net $ 1,370 $ 665 |
Note 4 - Property and Equipme_2
Note 4 - Property and Equipment (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | As of September 30, 2021 2020 Furniture and fixtures $ 98 $ 73 Purchased software 18 18 Computer equipment 150 93 Leasehold improvements 197 195 Total cost 463 379 Less accumulated depreciation and amortization (211 ) (141 ) Property and equipment, net $ 252 $ 238 |
Note 5 - Fair Value Measureme_2
Note 5 - Fair Value Measurement and Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | As of September 30, 2021 As of September 30, 2020 At inception Montage Series C Preferred Series D Preferred Montage Capital Series C Preferred Series D Preferred Volatility 88.7 % 83.9 % 85.7 % 84.0 % 84.1 % 86.3 % Risk-free rate 0.80 % 0.50 % 1.00 % 0.28 % 0.20 % 0.90 % Stock price $ 4.11 $ 4.11 $ 4.11 $ 1.86 $ 1.86 $ 2.50 |
Fair Value, Contingent Consideration Measured on Recurring Basis, Valuation Technique [Table Text Block] | At September 30, 2021 At acquisition Revenue discount rate 3.5% 5.0% Revenue volatility 11.0% 20.3% Discount rate 10.5% 8.8% |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | As of September 30, 2021 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities: Montage $ - $ - $ 13 $ 13 Series A and C - - 2,026 2,026 Series D - - 2,365 2,365 Total warrant liabilities 4,404 4,404 Contingent consideration obligations - - 3,649 3,649 Total Liabilities $ - $ - $ 8,053 $ 8,053 As of September 30, 2020 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities - Montage $ - $ - $ 26 $ 26 Warrant liabilities - Series A, B and C - - 2,460 2,460 Total Liabilities $ - $ - $ 2,486 $ 2,486 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Contingent Consideration Obligations Warrant Liabilities Balance at beginning of period, October 1, 2019 $ - $ 3,514 Additions - - Exercises - - Adjustment to fair value - (1,028 ) Balance at end of period, September 30, 2020 $ - $ 2,486 Additions 3,479 1,319 Exercises or payments - (5,286 ) Adjustment to fair value 170 5,885 Balance at end of period, September 30, 2021 $ 3,649 $ 4,404 |
Note 6 - Goodwill (Tables)
Note 6 - Goodwill (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | As of September 30, 2021 2020 Balance at beginning of period $ 5,557 $ 5,557 Acquisitions 10,428 - Balance at end of period $ 15,985 $ 5,557 |
Note 7 - Intangible Assets (Tab
Note 7 - Intangible Assets (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | As of September 30, 2021 2020 Domain and trade names $ 732 $ 10 Customer related 5,465 1,500 Technology 1,558 1,107 Intangibles, net $ 7,755 $ 2,617 |
Note 8 - Accrued Liabilities (T
Note 8 - Accrued Liabilities (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | As of September 30, 2021 2020 Compensation and benefits $ 541 $ 368 Professional fees 81 29 Taxes 84 46 Other 202 156 Balance at end of period $ 908 $ 599 |
Note 9 - Restructuring and Ac_2
Note 9 - Restructuring and Acquisition Related Expenses (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | Employee Severance and Benefits Facility Closures and Other Costs Total Balance at beginning of period, October 1, 2019 $ 59 $ 16 $ 75 Charges to operations 366 - 366 Cash disbursements (425 ) (16 ) (441 ) Changes in estimates - - - Accretion expense - - - Balance at end of period, September 30, 2020 $ - $ - $ - |
Note 10 - Long-term Debt (Table
Note 10 - Long-term Debt (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | Vendor loan payable (“Vendor loan”), accruing interest at 4.0% per annum. Principal and interest are payable in two lump-sum installments and the loan matures on February 1, 2023. $ 718 Term loan payable, accruing interest at fixed rates ranging between 0.99% to 1.5% per annum, payable in monthly or quarterly payments of interest and principal and matures on October 10, 2022. 362 Term loan payable, accruing interest at 1.3% per annum, payable in quarterly installments and matures on April 30, 2027. 466 Seller’s note payable (“Seller’s note”), due to one of the selling shareholders, accruing interest at a fixed rate of 4.0% per annum. The Seller’s note is payable over 5 installments and matures on January 1, 2026. 383 Total debt 1,929 Less current portion: (732 ) Long-term debt, net of current portion $ 1,197 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Fiscal year : 2022 $ 732 2023 540 2024 224 2025 224 2026 85 Thereafter 124 Total debt $ 1,929 |
Schedule of Debt [Table Text Block] | As of September 30, 2021 2020 Balance at beginning of period $ 88 $ 1,048 Qualified expenses incurred during the period eligible for forgiveness (88 ) (960 ) Balance at end of period $ - $ 88 |
Note 11 - Leases (Tables)
Note 11 - Leases (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Lease, Cost [Table Text Block] | As of September 30, 2021 2020 Condensed Consolidated Statements of Operations: Operating lease cost $ 115 $ 273 Variable lease cost 55 84 Less: Sublease income, net (101 ) (73 ) Total $ 69 $ 284 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Payments Operating Leases Receipts Subleases Net Leases Fiscal year: 2022 $ 185 $ 101 $ 84 2023 173 101 72 2024 116 34 82 2025 69 - 69 2026 7 - 7 Total lease commitments 550 $ 236 $ 314 Less: Amount representing interest (69 ) Present value of lease liabilities 481 Less: Current portion (161 ) Operating lease liabilities, net of current portion $ 320 Payments Operating Leases Receipts Subleases Net Leases Fiscal year: 2021 $ 96 $ 101 $ (5 ) 2022 82 101 (19 ) 2023 85 101 (16 ) 2024 87 36 51 2025 88 - 88 Total lease commitments $ 438 $ 339 $ 99 |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | Years ended September 30, 2021 2020 Cost of revenue $ 25 $ 21 Operating expenses 163 173 Interest expense and other, net 419 - $ 607 $ 194 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Type Issue Date Shares Price Expiration Investors 11/9/2016 4,271 $ 175.00 5/9/2022 Director/Shareholder 12/31/2016 120 $ 1,000.00 12/31/2021 Financing (Montage) 10/10/2017 1,327 $ 132.50 10/10/2025 Director/Shareholder 12/31/2017 120 $ 1,000.00 12/31/2021 Investors 10/19/2018 3,120 $ 25.00 10/19/2023 Placement Agent 10/16/2018 10,000 $ 31.25 10/16/2023 Investors 3/12/2019 41,621 $ 4.00 10/19/2023 Investors 3/12/2019 872,625 $ 4.00 9/12/2024 Investors 3/12/2019 13,738 $ 0.05 9/12/2024 Placement Agent 3/12/2019 11,992 $ 4.00 9/12/2024 Placement Agent 2/4/2021 58,169 $ 3.88 2/4/2026 Investors 5/14/2021 592,106 $ 2.51 11/16/2026 Placement Agent 5/14/2021 179,536 $ 2.85 5/12/2026 Total 1,788,745 Issuances Shares Exercise Price Placement Agent - public offering 58,169 $ 3.88 Investors - Series D 592,106 $ 2.51 Placement Agent 179,536 $ 2.85 Total issued in fiscal 2021 829,811 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | September 30, 2021 2020 Weighted-average fair value per share option $ 2.96 $ 0.96 Expected life (in years) 5.6 6.0 Volatility 85.8 % 76.29 % Risk-free interest rate 1.0 % 1.61 % Dividend yield 0.0 % 0.0 % |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Stock Options Stock Warrants Weighted Weighted Average Average Exercise Exercise Options Price Warrants Price Outstanding, October 1, 2019 8,048 $ 306.41 5,496,966 $ 4.54 Granted 702,353 1.41 - - Exercised - - - - Forfeited (97,000 ) 3.96 - - Expired - - (967 ) 952.11 Outstanding, September 30, 2020 613,401 4.76 5,495,999 4.37 Granted 240,000 4.35 829,811 2.68 Exercised (27,333 ) 1.40 (1,976,387 ) 3.89 Forfeited (26,647 ) 2.38 - - Expired (220 ) 470.77 (2,560,678 ) 4.28 Outstanding, September 30, 2021 799,201 $ 4.66 1,788,745 $ 4.18 |
Schedule of Nonvested Share Activity [Table Text Block] | Weighted Average Grant-Date Shares Fair Value Unvested at October 1, 2020 607,336 $ 0.97 Granted 240,000 2.96 Vested (361,257 ) 2.20 Forfeited (26,647 ) 0.96 Unvested at September 30, 2021 459,432 $ 1.14 |
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Exercise Price Number of Options Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value Options outstanding 799,201 8.6 $ 4.66 $ 1,639,847 Options exercisable 339,769 8.6 $ 8.73 $ 585,794 |
Note 14 - Revenues and Other _2
Note 14 - Revenues and Other Related Items (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Revenue from External Customers by Geographic Areas [Table Text Block] | Years Ended September 30, Revenues: 2021 2020 United States $ 10,266 $ 9,013 International 2,993 1,894 $ 13,259 $ 10,907 |
Disaggregation of Revenue [Table Text Block] | Years Ended September 30, Revenues: 2021 2020 Digital Engagement Services $ 3,296 $ 3,409 Subscription 8,736 6,185 Perpetual Licenses - 20 Maintenance 380 349 Hosting 847 944 $ 13,259 $ 10,907 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Deferred Revenue Current Long Term Balance as of October 1, 2019 $ 1,262 $ 8 Increase 249 7 Balance as of September 30, 2020 1,511 15 Increase 586 403 Balance as of September 30, 2021 $ 2,097 $ 418 |
Note 15 - Income Taxes (Tables)
Note 15 - Income Taxes (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended September 30, 2021 2020 Current: Federal $ (11 ) $ - State 33 11 Foreign - - Total current 22 11 Deferred: Federal (953 ) - State (217 ) - Foreign (26 ) - Total deferred (1,196 ) - Grand total $ (1,174 ) $ 11 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended September 30, 2021 2020 Income tax provision/(benefit) at the federal statutory rate of 21% $ (1,695 ) $ 67 Permanent differences, net 1,503 (682 ) State income tax provision/(benefit) 26 14 Foreign tax rate differences 340 - Change in valuation allowance attributable to operations (1,202 ) 486 True up to prior year NOL (146 ) 110 AMT tax refundable under CARES act - 23 Other - (7 ) Total $ (1,174 ) $ 11 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | September 30, 2021 2020 Deferred tax assets: Bad debt reserve $ 8 $ 8 Deferred revenue 1,392 754 Accrued expenses 86 37 AMT carryforward - - Net operating loss carryforwards 9,016 9,363 Contribution carryforward 1 1 Right of use liability 121 74 Debt forgiveness - 243 Stock Options 127 - Other 20 - Depreciation - 8 Intangibles - 408 Total deferred tax assets 10,771 10,896 Valuation allowance (10,083 ) (10,577 ) Net deferred tax assets 688 319 Deferred tax liabilities: Right of use asset 121 75 Depreciation 32 - Intangibles 901 - Expenses related to debt forgiveness - 244 Total deferred tax liabilities 1,054 319 Net deferred tax liabilities $ (366 ) $ - |
Note 16 - Acquisitions (Tables)
Note 16 - Acquisitions (Tables) | 12 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Woorank Hawk Search Total Cash paid at or in close proximity to closing $ 285 $ 4,800 $ 5,085 Future deferred payments 376 2,000 2,376 Common stock (29,433 shares at $3.38 per share) 99 - 99 Series D Convertible Preferred Stock (1,500 shares at $618 per share) - 930 930 Seller’s note 352 - 352 Contingent consideration (earn-outs) 1,289 2,190 3,479 Total consideration paid $ 2,401 $ 9,920 $ 12,321 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Woorank Hawk Search Total Assets acquired: Cash $ 577 $ 100 $ 677 Non-cash current assets 23 780 803 Property and equipment 5 - 5 Intangible assets: Acquired software 282 560 842 Customer relationships 1,280 3,410 4,690 Domain and trade names 116 620 736 Goodwill 2,888 7,540 10,428 Total assets acquired 5,171 13,010 18,181 Liabilities assumed: Current liabilities 208 1,909 2,117 Assumed debt obligations 2,159 - 2,159 Deferred tax liabilities 403 1,181 1,584 Total liabilities assumed 2,770 3,090 5,860 Total consideration paid $ 2,401 $ 9,920 $ 12,321 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | Woorank Hawk Search (in years) Acquired software 5 5 Customer relationships 8 10 Domain and trade names 12 15 |
Woorank and Hawk Search [Member] | |
Notes Tables | |
Business Acquisition, Pro Forma Information [Table Text Block] | Year ended September 30, 2021 Year ended September 30, 2020 (in thousands, except share and per share data) Revenue $ 16,381 $ 16,817 Net income (loss) attributable to common shareholders - basic $ (8,773 ) $ (2,971 ) Net income (loss) attributable to common shareholders - diluted $ (8,773 ) $ (2,971 ) Net income (loss) per share attributable to common shareholders: Basic $ (1.49 ) $ (0.84 ) Diluted $ (1.49 ) $ (0.84 ) Weighted average common shares outstanding - basic 5,935,981 3,555,032 Weighted average common shares outstanding - diluted 5,935,981 3,555,032 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 12 Months Ended | |||
Sep. 30, 2021USD ($)shares | Sep. 30, 2020USD ($)shares | Sep. 30, 2019 | May 14, 2021shares | |
Warranty, Term (Day) | 30 days | |||
Capitalized Software Development Costs Amortization Period (Year) | 3 years | |||
Capitalized Computer Software, Additions | $ 0 | $ 0 | ||
Number of Reporting Units | 1 | |||
Impairment, Long-Lived Asset, Held-for-Use, Total | $ 0 | 0 | ||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent, Total | 28 | $ (43) | ||
Number of Reportable Segments | 1 | |||
Advertising Expense | 286 | $ 149 | ||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 0 | $ 0 | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 21.00% | |
Tax Credit Carryforward, Amount | $ 1 | |||
Series D Convertible Preferred Stock [Member] | ||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | shares | 0 | 0 | 4,200 | |
Internal Use Software [Member] | ||||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |||
Minimum [Member] | ||||
Payment Terms (Day) | 30 days | |||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |||
Maximum [Member] | ||||
Payment Terms (Day) | 45 days | |||
Property, Plant and Equipment, Useful Life (Year) | 5 years |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Estimated Useful Lives of Intangible Assets (Details) | 12 Months Ended |
Sep. 30, 2021 | |
Developed And Core Technology [Member] | Minimum [Member] | |
Intangible assets,estimated useful life (Year) | 3 years |
Developed And Core Technology [Member] | Maximum [Member] | |
Intangible assets,estimated useful life (Year) | 5 years |
Noncompete Agreements [Member] | Minimum [Member] | |
Intangible assets,estimated useful life (Year) | 3 years |
Noncompete Agreements [Member] | Maximum [Member] | |
Intangible assets,estimated useful life (Year) | 10 years |
Customer Relationships [Member] | Minimum [Member] | |
Intangible assets,estimated useful life (Year) | 1 year |
Customer Relationships [Member] | Maximum [Member] | |
Intangible assets,estimated useful life (Year) | 15 years |
Note 3 - Accounts Receivable (D
Note 3 - Accounts Receivable (Details Textual) | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Number of Major Customers | 2 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer One [Member] | ||
Concentration Risk, Percentage | 13.00% | 15.00% |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer Two [Member] | ||
Concentration Risk, Percentage | 10.00% | 14.00% |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer Three [Member] | ||
Concentration Risk, Percentage | 10.00% | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | ||
Number of Major Customers | 1 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer One [Member] | ||
Concentration Risk, Percentage | 12.00% |
Note 3 - Accounts Receivable -
Note 3 - Accounts Receivable - Summary of Accounts Receivable (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Accounts receivable | $ 1,403 | $ 698 |
Allowance for doubtful accounts | (33) | (33) |
Accounts receivable, net | $ 1,370 | $ 665 |
Note 4 - Property and Equipme_3
Note 4 - Property and Equipment (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Depreciation, Total | $ 70 | $ 61 |
Note 4 - Property and Equipme_4
Note 4 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Property, plant and equipment, gross | $ 463 | $ 379 |
Less accumulated depreciation and amortization | (211) | (141) |
Property and equipment, net | 252 | 238 |
Furniture and Fixtures [Member] | ||
Property, plant and equipment, gross | 98 | 73 |
Purchase Software [Member] | ||
Property, plant and equipment, gross | 18 | 18 |
Computer Equipment [Member] | ||
Property, plant and equipment, gross | 150 | 93 |
Leasehold Improvements [Member] | ||
Property, plant and equipment, gross | $ 197 | $ 195 |
Note 5 - Fair Value Measureme_3
Note 5 - Fair Value Measurement and Fair Value of Financial Instruments (Details Textual) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | |
Long-term Debt, Fair Value | $ 1,700 | |
Long-term Debt, Total | 1,929 | |
Fair Value Adjustment of Warrants | $ 5,885 | $ (1,028) |
Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.40 | |
Measurement Input, Price Volatility [Member] | Valuation Technique, Company Specific Volatility [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.60 | |
Minimum [Member] | Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.288 | 0.262 |
Maximum [Member] | Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.662 | 0.707 |
Weighted Average [Member] | Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.558 | 0.435 |
Note 5 - Fair Value Measureme_4
Note 5 - Fair Value Measurement and Fair Value of Financial Instruments - Warrant Liabilities Inputs and Assumptions (Details) | Sep. 30, 2021 | May 14, 2021 | Sep. 30, 2020 |
Montage Warrant [Member] | Measurement Input, Price Volatility [Member] | |||
Volatility | 0.887 | 0.840 | |
Montage Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||
Volatility | 0.0080 | 0.0028 | |
Montage Warrant [Member] | Measurement Input, Share Price [Member] | |||
Volatility | 4.11 | 1.86 | |
Series C Warrants [Member] | Measurement Input, Price Volatility [Member] | |||
Volatility | 0.839 | 0.841 | |
Series C Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||
Volatility | 0.0050 | 0.0020 | |
Series C Warrants [Member] | Measurement Input, Share Price [Member] | |||
Volatility | 4.11 | 1.86 | |
Series D Warrants [Member] | Measurement Input, Price Volatility [Member] | |||
Volatility | 0.857 | 0.863 | |
Series D Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||
Volatility | 0.0100 | 0.0090 | |
Series D Warrants [Member] | Measurement Input, Share Price [Member] | |||
Volatility | 4.11 | 2.50 |
Note 5 - Fair Value Measureme_5
Note 5 - Fair Value Measurement and Fair Value of Financial Instruments - Contingent Consideration Obligations Inputs and Assumptions (Details) | Sep. 30, 2021 | May 28, 2021 |
Measurement Input, Revenue Discount Rate [Member] | ||
Business combination, measurement input | 0.035 | 0.050 |
Measurement Input, Discount Rate [Member] | ||
Business combination, measurement input | 0.110 | 0.203 |
Measurement Input, Revenue Volatility [Member] | ||
Business combination, measurement input | 0.105 | 0.088 |
Note 5 - Fair Value Measureme_6
Note 5 - Fair Value Measurement and Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Values on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Montage Warrant [Member] | ||
Warrant liability | $ 13 | $ 26 |
Fair Value, Recurring [Member] | ||
Warrant liability | 4,404 | |
Contingent consideration obligations | 3,649 | |
Total liabilities | 8,053 | 2,486 |
Fair Value, Recurring [Member] | Montage Warrant [Member] | ||
Warrant liability | 13 | 26 |
Fair Value, Recurring [Member] | Series Warrants [Member] | ||
Warrant liability | 2,026 | 2,460 |
Fair Value, Recurring [Member] | Series D Warrants [Member] | ||
Warrant liability | 2,365 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Warrant liability | ||
Contingent consideration obligations | 0 | |
Total liabilities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Montage Warrant [Member] | ||
Warrant liability | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Series Warrants [Member] | ||
Warrant liability | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Series D Warrants [Member] | ||
Warrant liability | 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Warrant liability | ||
Contingent consideration obligations | 0 | |
Total liabilities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Montage Warrant [Member] | ||
Warrant liability | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Series Warrants [Member] | ||
Warrant liability | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Series D Warrants [Member] | ||
Warrant liability | 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Warrant liability | 4,404 | |
Contingent consideration obligations | 3,649 | |
Total liabilities | 8,053 | 2,486 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Montage Warrant [Member] | ||
Warrant liability | 13 | 26 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Series Warrants [Member] | ||
Warrant liability | 2,026 | $ 2,460 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Series D Warrants [Member] | ||
Warrant liability | $ 2,365 |
Note 5 - Fair Value Measureme_7
Note 5 - Fair Value Measurement and Fair Value of Financial Instruments - Changes in Contingent Consideration and Warrant Liabilities (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Contingent Consideration [Member] | ||
Balance | $ 0 | $ 0 |
Additions | 3,479 | 0 |
Exercises | 0 | 0 |
Adjustment to fair value | 170 | 0 |
Balance | 3,649 | 0 |
Warrant [Member] | ||
Balance | 2,486 | 3,514 |
Additions | 1,319 | 0 |
Payments | (5,286) | 0 |
Adjustment to fair value | 5,885 | (1,028) |
Balance | $ 4,404 | $ 2,486 |
Note 6 - Goodwill (Details Text
Note 6 - Goodwill (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Goodwill, Impairment Loss | $ 0 | $ 0 |
Note 6 - Goodwill - Changes in
Note 6 - Goodwill - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Balance at beginning of period | $ 5,557 | $ 5,557 |
Acquisitions | 10,428 | 0 |
Balance at end of period | $ 15,985 | $ 5,557 |
Note 7 - Intangible Assets (Det
Note 7 - Intangible Assets (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Amortization of Intangible Assets, Total | $ 1,130 | $ 891 |
Finite-Lived Intangible Asset, Expected Amortization, Year One | 1,494 | |
Finite-Lived Intangible Asset, Expected Amortization, Year Two | 1,415 | |
Finite-Lived Intangible Asset, Expected Amortization, Year Three | 1,032 | |
Finite-Lived Intangible Asset, Expected Amortization, Year Four | 738 | |
Finite-Lived Intangible Asset, Expected Amortization, Year Five | 673 | |
Finite-Lived Intangible Asset, Expected Amortization, after Year Five | $ 2,403 |
Note 7 - Intangible Assets - Ch
Note 7 - Intangible Assets - Changes in the Carrying Amount of Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Finite Lived Intangible, Net | $ 7,755 | $ 2,617 |
Domain And Trade Names [Member] | ||
Finite Lived Intangible Assets, gross | 732 | 10 |
Customer Relationships [Member] | ||
Finite Lived Intangible Assets, gross | 5,465 | 1,500 |
Technology-Based Intangible Assets [Member] | ||
Finite Lived Intangible Assets, gross | $ 1,558 | $ 1,107 |
Note 8 - Accrued Liabilities -
Note 8 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Compensation and benefits | $ 541 | $ 368 |
Professional fees | 81 | 29 |
Taxes | 84 | 46 |
Other | 202 | 156 |
Balance at end of period | $ 908 | $ 599 |
Note 9 - Restructuring and Ac_3
Note 9 - Restructuring and Acquisition Related Expenses (Details Textual) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Mar. 31, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | |
Restructuring and Related Cost, Number of Positions Eliminated | 15 | |||
Restructuring Reserve, Ending Balance | $ 0 | $ 75 | ||
Business Combination, Acquisition Related Costs | $ 1,235 | 0 | ||
Accrued Liabilities, Current [Member] | ||||
Restructuring Reserve, Ending Balance | $ 0 | |||
Employee Severance [Member] | ||||
Restructuring and Related Costs, Incurred Cost, Total | $ 366 | |||
Restructuring Reserve, Ending Balance | $ 0 | $ 59 |
Note 9 - Restructuring and Ac_4
Note 9 - Restructuring and Acquisition Related Expenses - Restructuring Charges Reserve Activity (Details) $ in Thousands | 12 Months Ended |
Sep. 30, 2020USD ($) | |
Balance | $ 75 |
Charges to operations | 366 |
Cash disbursements | (441) |
Changes in estimates | 0 |
Accretion expense | 0 |
Balance | 0 |
Employee Severance [Member] | |
Balance | 59 |
Charges to operations | 366 |
Cash disbursements | (425) |
Changes in estimates | 0 |
Accretion expense | 0 |
Balance | 0 |
Facility Closing [Member] | |
Balance | 16 |
Charges to operations | 0 |
Cash disbursements | (16) |
Changes in estimates | 0 |
Accretion expense | 0 |
Balance | $ 0 |
Note 10 - Long-term Debt (Detai
Note 10 - Long-term Debt (Details Textual) - Paycheck Protection Program CARES Act [Member] - USD ($) $ in Thousands | 3 Months Ended | |||
Dec. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Apr. 17, 2020 | |
Debt Instrument, Face Amount | $ 1,048 | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.00% | |||
Debt Instrument, Decrease, Forgiveness | $ 88 | |||
Long-term Debt, Current Maturities, Total | $ 0 | $ 88 |
Note 10 - Long-term Debt - Long
Note 10 - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Total debt | $ 1,929 | |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | ||
Total debt | 1,929 | |
Less current portion: | (732) | $ 0 |
Long-term debt, net of current portion | 1,197 | $ 0 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Vendor Loan [Member] | ||
Total debt | 718 | |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Term Loans, One [Member] | ||
Total debt | 362 | |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Term Loans, Two [Member] | ||
Total debt | 466 | |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Seller Note [Member] | ||
Total debt | $ 383 |
Note 10 - Long-term Debt - Futu
Note 10 - Long-term Debt - Future Maturities of Long-term Debt (Details) $ in Thousands | Sep. 30, 2021USD ($) |
2022 | $ 732 |
2023 | 540 |
2024 | 224 |
2025 | 224 |
2026 | 85 |
Thereafter | 124 |
Total debt | $ 1,929 |
Note 10 - Long-term Debt - Acti
Note 10 - Long-term Debt - Activity Related to the PPP Loan (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Total debt | $ 1,929 | |
Paycheck Protection Program CARES Act [Member] | ||
Balance at beginning of period | 88 | $ 1,048 |
Qualified expenses incurred during the period eligible for forgiveness | $ (88) | (960) |
Total debt | $ 88 |
Note 11 - Leases (Details Textu
Note 11 - Leases (Details Textual) $ in Thousands | 12 Months Ended |
Sep. 30, 2021USD ($) | |
Operating Lease, Payments | $ 225 |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years 3 months 18 days |
Operating Lease, Weighted Average Discount Rate, Percent | 7.00% |
Note 11 - Leases - Lease Cost (
Note 11 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Operating lease cost | $ 115 | $ 273 |
Variable lease cost | 55 | 84 |
Less: Sublease income, net | (101) | (73) |
Total | $ 69 | $ 284 |
Note 11 - Leases - Future Minim
Note 11 - Leases - Future Minimum Rental Commitments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
2022, operating lease | $ 185 | $ 96 |
2022, sublease | 101 | 101 |
2022, net leases | 84 | (5) |
2023, operating lease | 173 | 82 |
2023, sublease | 101 | 101 |
2023, net leases | 72 | (19) |
2024, operating lease | 116 | 85 |
2024, sublease | 34 | 101 |
2024, net leases | 82 | (16) |
2025, operating lease | 69 | 87 |
2025, sublease | 0 | 36 |
2025, net leases | 69 | 51 |
2026, operating lease | 7 | 88 |
2026, sublease | 0 | 0 |
2026, net leases | 7 | 88 |
Total lease commitments, operating lease | 550 | 438 |
Total lease commitments, sublease | 236 | 339 |
Total lease commitments, net leases | 314 | 99 |
Less: Amount representing interest | (69) | |
Present value of lease liabilities | 481 | |
Less: Current portion | 161 | 96 |
Operating lease liabilities, net of current portion | $ 320 | $ 198 |
Note 12 - Stockholders' Equit_2
Note 12 - Stockholders' Equity (Details Textual) - USD ($) | Jul. 01, 2021 | May 28, 2021 | May 14, 2021 | Feb. 04, 2021 | Dec. 31, 2019 | Oct. 27, 2014 | Aug. 31, 2021 | Sep. 30, 2021 | Dec. 31, 2019 | Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Mar. 31, 2021 | Mar. 01, 2021 | Nov. 30, 2019 | Oct. 31, 2019 | Sep. 30, 2019 | Sep. 30, 2018 | Jul. 31, 2016 |
Preferred Stock, Shares Authorized (in shares) | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||
Deemed Dividends on Preferred Stock | $ 2,015,000 | $ 2,314,000 | |||||||||||||||||
Impact of Deemed Dividends | $ 2,015,000 | $ 2,314,000 | |||||||||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 4,626,000 | $ 0 | |||||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 5 years | 5 years | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 799,201 | 799,201 | 799,201 | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 240,000 | 681,353 | |||||||||||||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 385,000 | $ 385,000 | $ 385,000 | ||||||||||||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 1 month 6 days | ||||||||||||||||||
Warrants Exercisable Term (Month) | 6 months | ||||||||||||||||||
Class of Warrant or Right, Issued During Period (in shares) | 829,811 | 0 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number (in shares) | 339,769 | 339,769 | 5,865 | 339,769 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 1,639,847 | $ 1,639,847 | $ 275,000 | $ 1,639,847 | |||||||||||||||
Share-based Payment Arrangement, Option [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 799,201 | 799,201 | 613,401 | 799,201 | 8,048 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 240,000 | 702,353 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share) | $ 1.40 | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | 10 years | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | 0.00% | |||||||||||||||||
Share-based Payment Arrangement, Tranche One [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 95,500 | 95,500 | 70,000 | 95,500 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share) | $ 2.51 | $ 2.51 | $ 2.51 | ||||||||||||||||
Share-based Payment Arrangement, Tranche One [Member] | Share-based Payment Arrangement, Option [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | |||||||||||||||||
Share-based Payment Arrangement, Tranche Two [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 1,000 | 100,000 | 1,000 | 100,000 | 100,000 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share) | $ 5.92 | $ 5.92 | $ 5.92 | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 1.61 | ||||||||||||||||||
Share-based Payment Arrangement, Tranche Two [Member] | Share-based Payment Arrangement, Option [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | ||||||||||||||||||
Share-based Payment Arrangement, Tranche Three [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 44,500 | 44,500 | 20,000 | 44,500 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share) | $ 4.11 | $ 4.11 | $ 4.11 | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 1.61 | ||||||||||||||||||
Share-based Payment Arrangement, Tranche Three [Member] | Share-based Payment Arrangement, Option [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | |||||||||||||||||
Director [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | ||||||||||||||||||
Amended and Restated Stock Incentive Plan [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 5,000 | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 3,246 | ||||||||||||||||||
The 2016 Stock Incentive Plan [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 800,000 | 10,000 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 799,201 | 799,201 | 799,201 | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 4,045 | 4,045 | 4,045 | ||||||||||||||||
Series D Preferred Stock Warrants [Member] | |||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 0.5 | ||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 592,106 | ||||||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years 6 months | ||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 2.51 | ||||||||||||||||||
Placement Agent Warrants [Member] | |||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 179,536 | 58,169 | 179,536 | 179,536 | 179,536 | ||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 5 years | |||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 2.85 | $ 3.875 | $ 4 | $ 4 | $ 4 | ||||||||||||||
Warrants or Rights, Exercised During Period (in shares) | 236,580 | ||||||||||||||||||
Montage Warrant [Member] | |||||||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 8 years | 8 years | 8 years | ||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 132.50 | $ 132.50 | $ 132.50 | ||||||||||||||||
Class of Warrant or Right, Equity Buy-out | $ 250,000 | $ 250,000 | $ 250,000 | ||||||||||||||||
Warrants and Rights Outstanding | $ 13,000 | $ 13,000 | $ 26,000 | $ 13,000 | |||||||||||||||
Series A Warrants [Member] | |||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 872,625 | 872,625 | 872,625 | ||||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years 6 months | 5 years 6 months | 5 years 6 months | ||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 4 | $ 4 | $ 4 | ||||||||||||||||
Warrants or Rights, Exercised During Period (in shares) | 1,684,250 | ||||||||||||||||||
Series B Warrants [Member] | |||||||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 24 months | 24 months | 24 months | ||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 4 | $ 4 | $ 4 | ||||||||||||||||
Class of Warrant or Right, Expired During Period (in shares) | 2,556,875 | ||||||||||||||||||
Series C Warrants [Member] | |||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 13,738 | 13,738 | 13,738 | ||||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years 6 months | 5 years 6 months | 5 years 6 months | ||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 0.05 | $ 0.05 | $ 0.05 | ||||||||||||||||
Warrants or Rights, Exercised During Period (in shares) | 55,557 | ||||||||||||||||||
Series C Preferred Placement Agent Warrants [Member] | |||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 11,992 | 11,992 | 11,992 | ||||||||||||||||
Investor Warrants [Member] | |||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 41,141 | 41,141 | 41,141 | ||||||||||||||||
Series D Warrants [Member] | |||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 592,106 | 592,106 | 592,106 | ||||||||||||||||
Warrants or Rights, Exercised During Period (in shares) | 0 | ||||||||||||||||||
May 2021 Registered Offering [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,060,000 | ||||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 2.28 | ||||||||||||||||||
Sale of Stock Agreement, Placement Fee Percentage | 8.00% | ||||||||||||||||||
Proceeds from Issuance or Sale of Equity, Net | $ 4,300,000 | ||||||||||||||||||
Proceeds from Issuance of Common Stock | 1,900 | ||||||||||||||||||
May 2021 Registered Offering [Member] | Series D Preferred Stock Warrants [Member] | |||||||||||||||||||
Proceeds from Issuance or Sale of Equity, Total | $ 1,000,000 | ||||||||||||||||||
Registered Offering and Sale of Common Stock [Member] | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 880,000 | ||||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 3.10 | ||||||||||||||||||
Sale of Stock Agreement, Placement Fee Percentage | 8.00% | ||||||||||||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 2,500,000 | ||||||||||||||||||
Series A Convertible Preferred Stock [Member] | |||||||||||||||||||
Preferred Stock, Shares Authorized (in shares) | 264,000 | 264,000 | 264,000 | 264,000 | 264,000 | ||||||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 10 | ||||||||||||||||||
Preferred Stock Conversion Price (in dollars per share) | $ 1.75 | $ 812.50 | $ 1.75 | ||||||||||||||||
Preferred Stock, Dividend Rate, Percentage | 12.00% | 12.00% | 5.00% | ||||||||||||||||
Preferred Stock Dividends, Shares, Maximum Cumulative (in shares) | 64,000 | 64,000 | 64,000 | ||||||||||||||||
Preferred Stock, Fair Value | $ 2,629,000 | $ 2,629,000 | |||||||||||||||||
Preferred Stock, Value, Outstanding | 315,000 | $ 315,000 | |||||||||||||||||
Deemed Dividends on Preferred Stock | $ 2,314,000 | ||||||||||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | 0 | 0 | |||||||||||||||
Series A Convertible Preferred Stock [Member] | Minimum [Member] | |||||||||||||||||||
Share Price (in dollars per share) | $ 32.50 | $ 2.28 | $ 32.50 | ||||||||||||||||
Series C Convertible Preferred Stock [Member] | |||||||||||||||||||
Preferred Stock, Shares Authorized (in shares) | 11,000 | 11,000 | 11,000 | 11,000 | |||||||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 350 | 350 | 350 | 350 | |||||||||||||||
Preferred Stock, Convertible, Shares Issuable (in shares) | 38,889 | 38,889 | 38,889 | ||||||||||||||||
Series D Convertible Preferred Stock [Member] | |||||||||||||||||||
Preferred Stock, Shares Authorized (in shares) | 4,200 | 4,200 | 4,200 | 4,200 | |||||||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1,000 | ||||||||||||||||||
Preferred Stock, Dividend Rate, Percentage | 9.00% | ||||||||||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 4,200 | 0 | 0 | 0 | 0 | ||||||||||||||
Preferred Stock, Liquidation Preference, Value | $ 0 | ||||||||||||||||||
Preferred Stock, Convertible, Conversion Price (in dollars per share) | $ 2.28 | $ 1.41 | $ 1.41 | $ 1.41 | |||||||||||||||
Convertible Preferred Stock, Percent, Maximum Ownership | 4.99% | ||||||||||||||||||
Convertible Preferred Stock, Percent, Maximum Ownership Upon Election | 9.99% | ||||||||||||||||||
Preferred Stock, Convertible, Commitment Conversion Price (in dollars per share) | $ 2.50 | $ 2.50 | $ 2.50 | ||||||||||||||||
Preferred Stock, Convertible, Beneficial Conversion Feature | $ 1,300,000 | $ 1,300,000 | $ 1,300,000 | ||||||||||||||||
Impact of Deemed Dividends | $ 2,000,000 | ||||||||||||||||||
Series D Convertible Preferred Stock [Member] | Hawk Search [Member] | |||||||||||||||||||
Convertible Preferred Stock, Embedded Beneficial Conversion Feature, Intrinsic Value | $ 724,000 | ||||||||||||||||||
Series D Convertible Preferred Stock [Member] | May 2021 Registered Offering [Member] | |||||||||||||||||||
Proceeds from Issuance or Sale of Equity, Total | $ 1,300,000 | ||||||||||||||||||
Series D Convertible Preferred Stock [Member] | Private Placement [Member] | |||||||||||||||||||
Preferred Stock, Convertible, Shares Issuable (in shares) | 1,184,211 | ||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,700 | ||||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1,000 | ||||||||||||||||||
Percent of Subscription Amount, Liquidated Damages Payment | 2.00% |
Note 12 - Stockholders' Equit_3
Note 12 - Stockholders' Equity - Compensation Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Compensation expense | $ 607 | $ 194 |
Cost of Sales [Member] | ||
Compensation expense | 25 | 21 |
Operating Expense [Member] | ||
Compensation expense | 163 | 173 |
Interest and Other Expense [Member] | ||
Compensation expense | $ 419 | $ 0 |
Note 12 - Stockholders' Equit_4
Note 12 - Stockholders' Equity - Stock Warrants Outstanding and Issuances (Details) - $ / shares | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Stock Warrants Outstanding, Shares (in shares) | 1,788,745 | |
Warrants issued, shares (in shares) | 829,811 | 0 |
Investor Stock Warrants 1 [Member] | ||
Stock Warrants Outstanding, Issue Date | Nov. 9, 2016 | |
Stock Warrants Outstanding, Shares (in shares) | 4,271 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 175 | |
Stock Warrants Outstanding, Expiration | May 9, 2022 | |
Placement Agent Warrants Issued in Public Offering [Member] | ||
Warrants issued, shares (in shares) | 58,169 | |
Warrants issued, exercise price (in dollars per share) | $ 3.88 | |
Director/Shareholder 1 [Member] | ||
Stock Warrants Outstanding, Issue Date | Dec. 31, 2016 | |
Stock Warrants Outstanding, Shares (in shares) | 120 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 1,000 | |
Stock Warrants Outstanding, Expiration | Dec. 31, 2021 | |
Investor Warrant, Series D [Member] | ||
Warrants issued, shares (in shares) | 592,106 | |
Warrants issued, exercise price (in dollars per share) | $ 2.51 | |
Financing Warrants [Member] | ||
Stock Warrants Outstanding, Issue Date | Oct. 10, 2017 | |
Stock Warrants Outstanding, Shares (in shares) | 1,327 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 132.50 | |
Stock Warrants Outstanding, Expiration | Oct. 10, 2025 | |
Placement Agent [Member] | ||
Warrants issued, shares (in shares) | 179,536 | |
Warrants issued, exercise price (in dollars per share) | $ 2.85 | |
Director/Shareholder 2 [Member] | ||
Stock Warrants Outstanding, Issue Date | Dec. 31, 2017 | |
Stock Warrants Outstanding, Shares (in shares) | 120 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 1,000 | |
Stock Warrants Outstanding, Expiration | Dec. 31, 2021 | |
Investor Stock Warrants 2 [Member] | ||
Stock Warrants Outstanding, Issue Date | Oct. 19, 2018 | |
Stock Warrants Outstanding, Shares (in shares) | 3,120 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 25 | |
Stock Warrants Outstanding, Expiration | Oct. 19, 2023 | |
Placement Agent Stock Warrants 1 [Member] | ||
Stock Warrants Outstanding, Issue Date | Dec. 16, 2018 | |
Stock Warrants Outstanding, Shares (in shares) | 10,000 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 31.25 | |
Stock Warrants Outstanding, Expiration | Oct. 16, 2023 | |
Investor Stock Warrants 3 [Member] | ||
Stock Warrants Outstanding, Issue Date | Mar. 12, 2019 | |
Stock Warrants Outstanding, Shares (in shares) | 41,621 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 4 | |
Stock Warrants Outstanding, Expiration | Oct. 19, 2023 | |
Investor Stock Warrants 4 [Member] | ||
Stock Warrants Outstanding, Issue Date | Mar. 12, 2019 | |
Stock Warrants Outstanding, Shares (in shares) | 872,625 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 4 | |
Stock Warrants Outstanding, Expiration | Sep. 12, 2024 | |
Investor Stock Warrants 5 [Member] | ||
Stock Warrants Outstanding, Issue Date | Mar. 12, 2019 | |
Stock Warrants Outstanding, Shares (in shares) | 13,738 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 0.05 | |
Stock Warrants Outstanding, Expiration | Sep. 12, 2024 | |
Placement Agent Stock Warrants 2 [Member] | ||
Stock Warrants Outstanding, Issue Date | Mar. 12, 2019 | |
Stock Warrants Outstanding, Shares (in shares) | 11,992 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 4 | |
Stock Warrants Outstanding, Expiration | Sep. 12, 2024 | |
Placement Agent Stock Warrants 3 [Member] | ||
Stock Warrants Outstanding, Issue Date | Feb. 4, 2021 | |
Stock Warrants Outstanding, Shares (in shares) | 58,169 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 3.88 | |
Stock Warrants Outstanding, Expiration | Feb. 4, 2026 | |
Investor Stock Warrants 6 [Member] | ||
Stock Warrants Outstanding, Issue Date | May 14, 2021 | |
Stock Warrants Outstanding, Shares (in shares) | 592,106 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 2.51 | |
Stock Warrants Outstanding, Expiration | Nov. 16, 2026 | |
Placement Agent Stock Warrants 4 [Member] | ||
Stock Warrants Outstanding, Issue Date | May 14, 2021 | |
Stock Warrants Outstanding, Shares (in shares) | 179,536 | |
Stock Warrants Outstanding, Price (in dollars per share) | $ 2.85 | |
Stock Warrants Outstanding, Expiration | May 12, 2026 |
Note 12 - Stockholders' Equit_5
Note 12 - Stockholders' Equity - Valuation Assumptions for Stock Options (Details) - $ / shares | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Weighted-average fair value per share option (in dollars per share) | $ 2.96 | |
Share-based Payment Arrangement, Option [Member] | ||
Weighted-average fair value per share option (in dollars per share) | $ 2.96 | $ 0.96 |
Expected life (in years) (Year) | 5 years 7 months 6 days | 6 years |
Volatility | 85.80% | 76.29% |
Risk-free interest rate | 1.00% | 1.61% |
Dividend yield | 0.00% | 0.00% |
Note 12 - Stockholders' Equit_6
Note 12 - Stockholders' Equity - Stock Option and Warrant Activity (Details) - $ / shares | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Granted, Shares (in shares) | 240,000 | 681,353 |
Forfeited (in shares) | (26,647) | |
Outstanding, Options (in shares) | 799,201 | |
Outstanding, Options, Weighted Average Exercise Price (in dollars per share) | $ 4.66 | |
Share-based Payment Arrangement, Option [Member] | ||
Outstanding, Options (in shares) | 613,401 | 8,048 |
Outstanding, Options, Weighted Average Exercise Price (in dollars per share) | $ 4.76 | $ 306.41 |
Granted, Shares (in shares) | 240,000 | 702,353 |
Granted, Options, Weighted Average Exercise Price (in dollars per share) | $ 4.35 | $ 1.41 |
Exercised, Options (in shares) | (27,333) | 0 |
Exercised, Options, Weighted Average Exercise Price (in dollars per share) | $ 1.40 | $ 0 |
Forfeited (in shares) | (26,647) | (97,000) |
Forfeited, Options, Weighted Average Exercise Price (in dollars per share) | $ 2.38 | $ 3.96 |
Expired, Options (in shares) | (220) | 0 |
Expired, Options, Weighted Average Exercise Price (in dollars per share) | $ 470.77 | $ 0 |
Outstanding, Options (in shares) | 799,201 | 613,401 |
Outstanding, Options, Weighted Average Exercise Price (in dollars per share) | $ 4.66 | $ 4.76 |
Stock Warrants [Member] | ||
Outstanding, Warrants (in shares) | 5,495,999 | 5,496,966 |
Outstanding, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 4.37 | $ 4.54 |
Granted, Warrants (in shares) | 829,811 | 0 |
Granted, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 2.68 | $ 0 |
Exercised, Warrants (in shares) | (1,976,387) | 0 |
Exercised, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 3.89 | $ 0 |
Forfeited, Warrants (in shares) | 0 | 0 |
Forfeited, Weighted Average Exercise Price (in dollars per share) | $ 0 | $ 0 |
Expired, Warrants (in shares) | (2,560,678) | (967) |
Expired, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 4.28 | $ 952.11 |
Outstanding, Warrant (in shares) | 1,788,745 | 5,495,999 |
Outstanding, Warrant, Weighted Average Exercise Price (in dollars per share) | $ 4.18 | $ 4.37 |
Note 12 - Stockholders' Equit_7
Note 12 - Stockholders' Equity - Nonvested Shares (Details) - $ / shares | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Granted, Shares (in shares) | 240,000 | 681,353 |
Weighted-average fair value per share option (in dollars per share) | $ 2.96 | |
Forfeited, Shares (in shares) | (26,647) | |
Share-based Payment Arrangement, Option [Member] | ||
Unvested, Shares (in shares) | 607,336 | |
Unvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 1.14 | $ 0.97 |
Granted, Shares (in shares) | 240,000 | 702,353 |
Weighted-average fair value per share option (in dollars per share) | $ 2.96 | $ 0.96 |
Vested, Shares (in shares) | (361,257) | |
Unvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.20 | |
Forfeited, Shares (in shares) | (26,647) | (97,000) |
Forfeited, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.96 | |
Unvested, Shares (in shares) | 459,432 | 607,336 |
Unvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 1.14 | $ 0.97 |
Note 12 - Stockholders' Equit_8
Note 12 - Stockholders' Equity - Outstanding Stock Options (Details) - USD ($) | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 799,201 | |
Options outstanding (Year) | 8 years 7 months 6 days | |
Options outstanding (in dollars per share) | $ 4.66 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 1,639,847 | $ 275,000 |
Options exercisable (in shares) | 339,769 | |
Options exercisable (Year) | 8 years 7 months 6 days | |
Options exercisable (in dollars per share) | $ 8.73 | |
Options exercisable | $ 585,794 |
Note 14 - Revenues and Other _3
Note 14 - Revenues and Other Related Items 1 (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue, Remaining Performance Obligation, Amount | $ 418 | |
Capitalized Contract Cost, Net, Total | 8 | $ 20 |
Capitalized Contract Cost, Amortization | 2 | 16 |
Non-US [Member] | ||
Assets, Noncurrent, Total | $ 7,500 | $ 3,500 |
Note 14 - Revenues and Other _4
Note 14 - Revenues and Other Related Items 2 (Details Textual) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-10-01 | Sep. 30, 2021 |
Revenue, Remaining Performance Obligation, Percentage | 99.00% |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month) | 12 months |
Note 14 - Revenues and Other _5
Note 14 - Revenues and Other Related Items - Revenue by Geography (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Revenues | $ 13,259 | $ 10,907 |
UNITED STATES | ||
Revenues | 10,266 | 9,013 |
Non-US [Member] | ||
Revenues | $ 2,993 | $ 1,894 |
Note 14 - Revenues and Other _6
Note 14 - Revenues and Other Related Items - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Revenues | $ 13,259 | $ 10,907 |
Service [Member] | ||
Revenues | 3,296 | 3,409 |
Subscription and Circulation [Member] | ||
Revenues | 8,736 | 6,185 |
Perpetual Licenses [Member] | ||
Revenues | 0 | 20 |
Maintenance [Member] | ||
Revenues | 380 | 349 |
Hosting [Member] | ||
Revenues | $ 847 | $ 944 |
Note 14 - Revenues and Other _7
Note 14 - Revenues and Other Related Items - Deferred Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Balance, current | $ 1,511 | $ 1,262 |
Balance, noncurrent | 15 | 8 |
Increase | 586 | 249 |
Increase | 403 | 7 |
Increase (decrease), current | 586 | 249 |
Increase (decrease), noncurrent | 403 | 7 |
Balance, current | 2,097 | 1,511 |
Balance, noncurrent | $ 418 | $ 15 |
Note 15 - Income Taxes (Details
Note 15 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | May 28, 2021 | |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 1,100 | $ 543 | |
Undistributed Earnings (Loss) of Foreign Subsidiaries | 0 | (85) | |
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Transition Tax on Accumulated Foreign Earnings, Amount | 0 | ||
Liability for Uncertainty in Income Taxes, Current | 0 | $ 0 | |
Hawk Search [Member] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | 1,181 | $ 1,181 | |
Domestic Tax Authority [Member] | |||
Operating Loss Carryforwards, Total | $ 20,000 | ||
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | |||
Open Tax Year | 2017 2018 2019 2020 2021 | ||
State and Local Jurisdiction [Member] | |||
Operating Loss Carryforwards, Total | $ 30,000 | ||
Open Tax Year | 2017 2018 2019 2020 2021 |
Note 15 - Income Taxes - Income
Note 15 - Income Taxes - Income Tax Provision (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Federal | $ (11) | $ 0 |
State | 33 | 11 |
Foreign | 0 | 0 |
Total current | 22 | 11 |
Federal | (953) | 0 |
State | (217) | 0 |
Foreign | (26) | 0 |
Total deferred | (1,196) | 0 |
Grand total | $ (1,174) | $ 11 |
Note 15 - Income Taxes - Domest
Note 15 - Income Taxes - Domestic Tax Effect Sources and Differences (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Income tax provision/(benefit) at the federal statutory rate of 21% | $ (1,695) | $ 67 |
Permanent differences, net | 1,503 | (682) |
State income tax provision/(benefit) | 26 | 14 |
Foreign tax rate differences | 340 | 0 |
Change in valuation allowance attributable to operations | (1,202) | 486 |
True up to prior year NOL | (146) | 110 |
AMT tax refundable under CARES act | 0 | 23 |
Other | 0 | (7) |
Grand total | $ (1,174) | $ 11 |
Note 15 - Income Taxes - Compon
Note 15 - Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Sep. 30, 2020 |
Bad debt reserve | $ 8 | $ 8 |
Deferred revenue | 1,392 | 754 |
Accrued expenses | 86 | 37 |
AMT carryforward | 0 | 0 |
Net operating loss carryforwards | 9,016 | 9,363 |
Contribution carryforward | 1 | 1 |
Right of use liability | 121 | 74 |
Debt forgiveness | 0 | 243 |
Stock Options | 127 | 0 |
Other | 20 | 0 |
Depreciation | 0 | 8 |
Intangibles | 0 | 408 |
Total deferred tax assets | 10,771 | 10,896 |
Valuation allowance | (10,083) | (10,577) |
Net deferred tax assets | 688 | 319 |
Right of use asset | 121 | 75 |
Depreciation | 32 | 0 |
Intangibles | 901 | 0 |
Expenses related to debt forgiveness | 0 | 244 |
Total deferred tax liabilities | 1,054 | 319 |
Net deferred tax liabilities | $ (366) | $ 0 |
Note 16 - Acquisitions (Details
Note 16 - Acquisitions (Details Textual) $ / shares in Units, € in Thousands, $ in Thousands | May 28, 2021USD ($)shares | Mar. 01, 2021USD ($)$ / sharesshares | Sep. 30, 2021USD ($)$ / shares | Sep. 30, 2021EUR (€) | Mar. 01, 2021EUR (€) | Feb. 04, 2021$ / shares | Sep. 30, 2020USD ($)$ / shares |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||
Business Combination, Consideration, Liability, Current | $ 3,463 | $ 0 | |||||
Woorank SRL ([Member] | |||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 723 | € 600 | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 29,433 | ||||||
Business Combination, Consideration, Liability, Current | € | € 550 | ||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 1,000 | ||||||
Woorank SRL ([Member] | Minimum [Member] | |||||||
Business Combination, Contingent Consideration, Shares Issuable, Price Per Share (in dollars per share) | $ / shares | $ 3.38 | ||||||
Hawk Search [Member] | |||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | $ 1,900 | ||||||
Hawk Search [Member] | Series D Convertible Preferred Stock [Member] | |||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 1,500 | ||||||
Convertible Preferred Stock, Embedded Beneficial Conversion Feature, Intrinsic Value | $ 724 |
Note 16 - Acquisitions - Consid
Note 16 - Acquisitions - Consideration Transferred (Details) - USD ($) | May 28, 2021 | Mar. 01, 2021 | Sep. 30, 2021 |
Woorank SRL ([Member] | |||
Cash paid at or in close proximity to closing | $ 285 | ||
Future deferred payments | 376 | ||
Total consideration paid | 2,401 | ||
Woorank SRL ([Member] | Earn-outs [Member] | |||
Liabilities incurred | 1,289 | ||
Woorank SRL ([Member] | Seller Note [Member] | |||
Liabilities incurred | 352 | ||
Woorank SRL ([Member] | Series D Convertible Preferred Stock [Member] | |||
Stock issued as consideration | 0 | ||
Woorank SRL ([Member] | Common Stock [Member] | |||
Stock issued as consideration | $ 99 | ||
Hawk Search [Member] | |||
Cash paid at or in close proximity to closing | $ 4,800 | ||
Future deferred payments | 2,000 | ||
Total consideration paid | 9,920 | ||
Hawk Search [Member] | Earn-outs [Member] | |||
Liabilities incurred | 2,190 | ||
Hawk Search [Member] | Seller Note [Member] | |||
Liabilities incurred | 0 | ||
Hawk Search [Member] | Series D Convertible Preferred Stock [Member] | |||
Stock issued as consideration | 930 | ||
Hawk Search [Member] | Common Stock [Member] | |||
Stock issued as consideration | $ 0 | ||
The 2021 Acquisitions [Member] | |||
Cash paid at or in close proximity to closing | $ 5,085 | ||
Future deferred payments | 2,376 | ||
Total consideration paid | 12,321 | ||
The 2021 Acquisitions [Member] | Earn-outs [Member] | |||
Liabilities incurred | 3,479 | ||
The 2021 Acquisitions [Member] | Seller Note [Member] | |||
Liabilities incurred | 352 | ||
The 2021 Acquisitions [Member] | Series D Convertible Preferred Stock [Member] | |||
Stock issued as consideration | 930 | ||
The 2021 Acquisitions [Member] | Common Stock [Member] | |||
Stock issued as consideration | $ 99 |
Note 16 - Acquisitions - Cons_2
Note 16 - Acquisitions - Consideration Transferred (Details) (Parentheticals) - shares | May 28, 2021 | Mar. 01, 2021 |
Woorank SRL ([Member] | ||
Shares issued for acquisition (in shares) | 29,433 | |
Hawk Search [Member] | Series D Convertible Preferred Stock [Member] | ||
Shares issued for acquisition (in shares) | 1,500 |
Note 16 - Acquisitions - Assets
Note 16 - Acquisitions - Assets and Liabilities Assumed (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | May 28, 2021 | Mar. 01, 2021 | Sep. 30, 2020 | Sep. 30, 2019 |
Goodwill | $ 15,985 | $ 5,557 | $ 5,557 | ||
Woorank SRL ([Member] | |||||
Cash | $ 577 | ||||
Non-cash current assets | 23 | ||||
Property and equipment | 5 | ||||
Goodwill | 2,888 | ||||
Total assets acquired | 5,171 | ||||
Current liabilities | 208 | ||||
Assumed debt obligations | 2,159 | ||||
Deferred tax liabilities | 403 | ||||
Total liabilities assumed | 2,770 | ||||
Total consideration paid | 2,401 | ||||
Woorank SRL ([Member] | Computer Software, Intangible Asset [Member] | |||||
Intangible assets | 282 | ||||
Woorank SRL ([Member] | Customer Relationships [Member] | |||||
Intangible assets | 1,280 | ||||
Woorank SRL ([Member] | Domain And Trade Names [Member] | |||||
Intangible assets | $ 116 | ||||
Hawk Search [Member] | |||||
Cash | $ 100 | ||||
Non-cash current assets | 780 | ||||
Property and equipment | 0 | ||||
Goodwill | 7,540 | ||||
Total assets acquired | 13,010 | ||||
Current liabilities | 1,909 | ||||
Assumed debt obligations | 0 | ||||
Deferred tax liabilities | 1,181 | 1,181 | |||
Total liabilities assumed | 3,090 | ||||
Total consideration paid | 9,920 | ||||
Hawk Search [Member] | Computer Software, Intangible Asset [Member] | |||||
Intangible assets | 560 | ||||
Hawk Search [Member] | Customer Relationships [Member] | |||||
Intangible assets | 3,410 | ||||
Hawk Search [Member] | Domain And Trade Names [Member] | |||||
Intangible assets | $ 620 | ||||
The 2021 Acquisitions [Member] | |||||
Cash | 677 | ||||
Non-cash current assets | 803 | ||||
Property and equipment | 5 | ||||
Goodwill | 10,428 | ||||
Total assets acquired | 18,181 | ||||
Current liabilities | 2,117 | ||||
Assumed debt obligations | 2,159 | ||||
Deferred tax liabilities | 1,584 | ||||
Total liabilities assumed | 5,860 | ||||
Total consideration paid | 12,321 | ||||
The 2021 Acquisitions [Member] | Computer Software, Intangible Asset [Member] | |||||
Intangible assets | 842 | ||||
The 2021 Acquisitions [Member] | Customer Relationships [Member] | |||||
Intangible assets | 4,690 | ||||
The 2021 Acquisitions [Member] | Domain And Trade Names [Member] | |||||
Intangible assets | $ 736 |
Note 16 - Acquisitions - Averag
Note 16 - Acquisitions - Average Useful Lives of Identifiable Intangible Assets Acquired (Details) | 12 Months Ended |
Sep. 30, 2021 | |
Woorank SRL ([Member] | Computer Software, Intangible Asset [Member] | |
Acquired intangible assets, useful life (Year) | 5 years |
Woorank SRL ([Member] | Customer Relationships [Member] | |
Acquired intangible assets, useful life (Year) | 8 years |
Woorank SRL ([Member] | Domain And Trade Names [Member] | |
Acquired intangible assets, useful life (Year) | 12 years |
Hawk Search [Member] | Computer Software, Intangible Asset [Member] | |
Acquired intangible assets, useful life (Year) | 5 years |
Hawk Search [Member] | Customer Relationships [Member] | |
Acquired intangible assets, useful life (Year) | 10 years |
Hawk Search [Member] | Domain And Trade Names [Member] | |
Acquired intangible assets, useful life (Year) | 15 years |
Note 16 - Acquisitions - Pro Fo
Note 16 - Acquisitions - Pro Forma Information (Details) - Woorank and Hawk Search [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue | $ 16,381 | $ 16,817 |
Net income (loss) attributable to common shareholders - basic | (8,773) | (2,971) |
Net income (loss) attributable to common shareholders - diluted | $ (8,773) | $ (2,971) |
Basic (in dollars per share) | $ (1.49) | $ (0.84) |
Diluted (in dollars per share) | $ (1.49) | $ (0.84) |
Weighted average common shares outstanding - basic (in shares) | 5,935,981 | 3,555,032 |
Weighted average common shares outstanding - diluted (in shares) | 5,935,981 | 3,555,032 |
Note 17 - Related Party Trans_2
Note 17 - Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Mar. 13, 2019 | Nov. 30, 2016 | Nov. 30, 2018 | Sep. 30, 2021 | May 31, 2021 | May 14, 2021 | Feb. 04, 2021 | Sep. 30, 2018 |
Warrants and Rights Outstanding, Term (Year) | 5 years | |||||||
Warrants Exercisable Term (Month) | 6 months | |||||||
Placement Agent Warrants [Member] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 4 | $ 2.85 | $ 3.875 | |||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 179,536 | 179,536 | 58,169 | |||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 5 years | ||||||
Purchaser Warrant [Member] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 175 | |||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 4,270 | |||||||
Warrants and Rights Outstanding, Term (Year) | 5 years 6 months | |||||||
Warrants Exercisable Term (Month) | 6 months | |||||||
Taglich Brothers Inc. [Member] | ||||||||
Related Party, Ownership Percentage Of Stock | 3.40% | |||||||
Related Party Transaction, Monthly Fees for Services, First Three Months | $ 8 | |||||||
Related Party Transaction, Monthly Fees for Services, After Three Months | 5 | |||||||
Related Party Transaction, Success Fee, Revenue Target Under 5 Million | 200 | |||||||
Related Party Transaction, Success Fee, Revenue Target Over 200 Million | $ 1,000 | |||||||
Taglich Brothers Inc. [Member] | Placement Agent Warrants [Member] | ||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 10,926 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 761.61 | |||||||
Taglich Brothers Inc. [Member] | Warrants Associated with the February and May 2021 Offerings [Member] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 82,945 | |||||||
Taglich Brothers Inc. [Member] | Warrants Associated with the February and May 2021 Offerings [Member] | Weighted Average [Member] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 3.21 | |||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | |||||||
Roger Kahn [Member] | Purchaser Warrant [Member] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 172 | |||||||
Michael Taglich [Member] | ||||||||
Stock Issued During Period, Units, New Issues (in shares) | 350 | |||||||
Proceeds from Issuance or Sale of Equity, Total | $ 350 | |||||||
Michael Taglich [Member] | Placement Agent Warrants [Member] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1,000 | |||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 1,080 | |||||||
Michael Taglich [Member] | Purchaser Warrant [Member] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 308 |