Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Jun. 30, 2023 | Aug. 10, 2023 | |
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 | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2023 | |
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, par value $0.001 | |
Trading Symbol | BLIN | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 10,417,609 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
Current assets: | ||
Cash and cash equivalents | $ 2,607 | $ 2,856 |
Accounts receivable, net | 1,005 | 1,182 |
Prepaid expenses and other current assets | 400 | 242 |
Total current assets | 4,012 | 4,280 |
Property and equipment, net | 185 | 268 |
Operating lease assets | 439 | 589 |
Intangible assets, net | 5,236 | 6,268 |
Goodwill | 15,985 | 15,985 |
Other assets | 87 | 123 |
Total assets | 25,944 | 27,513 |
Current liabilities: | ||
Current portion of operating lease liabilities | 167 | 199 |
Accounts payable | 1,138 | 972 |
Accrued liabilities | 862 | 995 |
Current portion of purchase price and contingent consideration payable | 0 | 250 |
Deferred revenue | 2,512 | 1,943 |
Total current liabilities | 4,889 | 4,788 |
Operating lease liabilities, net of current portion | 272 | 390 |
Warrant liabilities | 388 | 749 |
Other long-term liabilities | 644 | 646 |
Total liabilities | 6,726 | 7,161 |
Commitments and contingencies (Note 13) | ||
Stockholders’ equity: | ||
Common stock - $0.001 par value; 50,000,000 shares authorized; 10,417,609 shares issued and outstanding at June 30, 2023 and September 30, 2022 | 10 | 10 |
Additional paid-in capital | 100,980 | 100,704 |
Accumulated deficit | (81,514) | (80,142) |
Accumulated other comprehensive loss | (258) | (220) |
Total stockholders’ equity | 19,218 | 20,352 |
Total liabilities and stockholders’ equity | 25,944 | 27,513 |
Series C Convertible Preferred Stock [Member] | ||
Stockholders’ equity: | ||
Series C Convertible Preferred stock: 11,000 shares authorized; 350 shares issued and outstanding at June 30, 2023 and September 30, 2022 | 0 | 0 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | ||
Current liabilities: | ||
Current portion of long-term debt | 210 | 429 |
Long-term debt, net of current portion (Note 7) | $ 533 | $ 588 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2023 | Sep. 30, 2022 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares authorized (in dollars per share) | $ 0.001 | $ 0.001 |
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) | 10,417,609 | 10,417,609 |
Common stock, shares outstanding (in shares) | 10,417,609 | 10,417,609 |
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 |
Preferred stock, shares authorized (in dollars per share) | $ 1,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Net revenue: | ||||
Subscription and perpetual licenses | $ 3,910 | $ 4,206 | $ 12,087 | $ 12,609 |
Cost of revenue: | ||||
Cost of revenue | 1,267 | 1,271 | 3,808 | 3,885 |
Gross profit | 2,643 | 2,935 | 8,279 | 8,724 |
Operating expenses: | ||||
Sales and marketing | 1,197 | 1,382 | 3,792 | 3,880 |
General and administrative | 779 | 812 | 2,367 | 2,460 |
Research and development | 936 | 771 | 2,609 | 2,495 |
Depreciation and amortization | 384 | 373 | 1,143 | 1,213 |
Restructuring and acquisition related expenses | 12 | 0 | 57 | 164 |
Total operating expenses | 3,308 | 3,338 | 9,968 | 10,212 |
Loss from operations | (665) | (403) | (1,689) | (1,488) |
Change in fair value of contingent consideration, interest expense and other, net | 0 | (8) | (19) | 427 |
Change in fair value of warrant liabilities | (107) | 818 | 361 | 3,693 |
Income (loss) before income taxes | (772) | 407 | (1,347) | 2,632 |
Provision for income taxes | 9 | 4 | 25 | 12 |
Net income (loss) | $ (781) | $ 403 | $ (1,372) | $ 2,620 |
Net income (loss) per share attributable to common shareholders: | ||||
Basic net income (loss) per share (in dollars per share) | $ (0.07) | $ 0.04 | $ (0.13) | $ 0.26 |
Diluted net income (loss) per share (in dollars per share) | $ (0.07) | $ 0.04 | $ (0.13) | $ 0.25 |
Number of weighted average shares outstanding: | ||||
Basic (in shares) | 10,417,609 | 10,217,609 | 10,417,609 | 10,203,570 |
Diluted (in shares) | 10,417,609 | 10,269,752 | 10,424,187 | 10,364,902 |
Subscription and Perpetual Licenses [Member] | ||||
Net revenue: | ||||
Subscription and perpetual licenses | $ 3,168 | $ 3,394 | $ 9,670 | $ 10,117 |
Cost of revenue: | ||||
Cost of revenue | 848 | 835 | 2,549 | 2,532 |
Digital Engagement Services [Member] | ||||
Net revenue: | ||||
Subscription and perpetual licenses | 742 | 812 | 2,417 | 2,492 |
Cost of revenue: | ||||
Cost of revenue | $ 419 | $ 436 | $ 1,259 | $ 1,353 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income/(Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Net income (loss) | $ (781) | $ 403 | $ (1,372) | $ 2,620 |
Other comprehensive income (loss): | ||||
Net change in foreign currency translation adjustment | 28 | 24 | (38) | 107 |
Comprehensive income (loss) | $ (753) | $ 427 | $ (1,410) | $ 2,727 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | 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, 2021 | 350 | 10,187,128 | ||||
Balance at Sep. 30, 2021 | $ 0 | $ 10 | $ 100,207 | $ (82,287) | $ (353) | $ 17,577 |
Stock-based compensation expense | 0 | 0 | 63 | 0 | 0 | 63 |
Net income (loss) | 0 | 0 | 0 | 1,872 | 0 | 1,872 |
Foreign currency translation | 0 | 0 | 0 | 0 | 41 | 41 |
Stock-based compensation expense | $ 0 | $ 0 | 63 | 0 | 0 | 63 |
Issuance of common stock – warrants exercised (in shares) | 0 | 17,148 | ||||
Issuance of common stock – warrants exercised | $ 0 | $ 0 | 0 | 0 | 0 | 0 |
Balance (in shares) at Dec. 31, 2021 | 350 | 10,204,276 | ||||
Balance at Dec. 31, 2021 | $ 0 | $ 10 | 100,270 | (80,415) | (312) | 19,553 |
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 |
Net income (loss) | 2,620 | |||||
Foreign currency translation | 107 | |||||
Balance (in shares) at Jun. 30, 2022 | 350 | 10,217,609 | ||||
Balance at Jun. 30, 2022 | $ 0 | $ 10 | 100,590 | (79,666) | (246) | 20,688 |
Balance (in shares) at Dec. 31, 2021 | 350 | 10,204,276 | ||||
Balance at Dec. 31, 2021 | $ 0 | $ 10 | 100,270 | (80,415) | (312) | 19,553 |
Stock-based compensation expense | 0 | 0 | 52 | 0 | 0 | 52 |
Net income (loss) | 0 | 0 | 0 | 346 | 0 | 346 |
Foreign currency translation | 0 | 0 | 0 | 0 | 42 | 42 |
Stock-based compensation expense | $ 0 | $ 0 | 52 | 0 | 0 | 52 |
Issuance of common stock – warrants exercised (in shares) | 0 | 13,333 | ||||
Issuance of common stock – warrants exercised | $ 0 | $ 0 | 19 | 0 | 0 | 19 |
Balance (in shares) at Mar. 31, 2022 | 350 | 10,217,609 | ||||
Balance at Mar. 31, 2022 | $ 0 | $ 10 | 100,341 | (80,069) | (270) | 20,012 |
Stock-based compensation expense | 0 | 0 | 249 | 0 | 0 | 249 |
Net income (loss) | 0 | 0 | 0 | 403 | 0 | 403 |
Foreign currency translation | 0 | 0 | 0 | 0 | 24 | 24 |
Stock-based compensation expense | $ 0 | $ 0 | 249 | 0 | 0 | 249 |
Balance (in shares) at Jun. 30, 2022 | 350 | 10,217,609 | ||||
Balance at Jun. 30, 2022 | $ 0 | $ 10 | 100,590 | (79,666) | (246) | 20,688 |
Balance (in shares) at Sep. 30, 2022 | 350 | 10,417,609 | ||||
Balance at Sep. 30, 2022 | $ 0 | $ 10 | 100,704 | (80,142) | (220) | 20,352 |
Stock-based compensation expense | 0 | 0 | 93 | 0 | 0 | 93 |
Net income (loss) | 0 | 0 | 0 | (80) | 0 | (80) |
Foreign currency translation | 0 | 0 | 0 | 0 | (61) | (61) |
Stock-based compensation expense | $ 0 | $ 0 | 93 | 0 | 0 | 93 |
Balance (in shares) at Dec. 31, 2022 | 350 | 10,417,609 | ||||
Balance at Dec. 31, 2022 | $ 0 | $ 10 | 100,797 | (80,222) | (281) | 20,304 |
Balance (in shares) at Sep. 30, 2022 | 350 | 10,417,609 | ||||
Balance at Sep. 30, 2022 | $ 0 | $ 10 | 100,704 | (80,142) | (220) | 20,352 |
Net income (loss) | (1,372) | |||||
Foreign currency translation | (38) | |||||
Balance (in shares) at Jun. 30, 2023 | 350 | 10,417,609 | ||||
Balance at Jun. 30, 2023 | $ 0 | $ 10 | 100,980 | (81,514) | (258) | 19,218 |
Balance (in shares) at Dec. 31, 2022 | 350 | 10,417,609 | ||||
Balance at Dec. 31, 2022 | $ 0 | $ 10 | 100,797 | (80,222) | (281) | 20,304 |
Stock-based compensation expense | 0 | 0 | 84 | 0 | 0 | 84 |
Net income (loss) | 0 | 0 | 0 | (511) | 0 | (511) |
Foreign currency translation | 0 | 0 | 0 | 0 | (5) | (5) |
Stock-based compensation expense | $ 0 | $ 0 | 84 | 0 | 0 | 84 |
Balance (in shares) at Mar. 31, 2023 | 350 | 10,417,609 | ||||
Balance at Mar. 31, 2023 | $ 0 | $ 10 | 100,881 | (80,733) | (286) | 19,872 |
Stock-based compensation expense | 0 | 0 | 99 | 0 | 0 | 99 |
Net income (loss) | 0 | 0 | 0 | (781) | 0 | (781) |
Foreign currency translation | 0 | 0 | 0 | 0 | 28 | 28 |
Stock-based compensation expense | $ 0 | $ 0 | 99 | 0 | 0 | 99 |
Balance (in shares) at Jun. 30, 2023 | 350 | 10,417,609 | ||||
Balance at Jun. 30, 2023 | $ 0 | $ 10 | $ 100,980 | $ (81,514) | $ (258) | $ 19,218 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 18 Months Ended | ||||
Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2022 | |
Cash flows from operating activities: | |||||||
Net income (loss) | $ (781) | $ (80) | $ 403 | $ 1,872 | $ (1,372) | $ 2,620 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||
Amortization of intangible assets | 346 | 354 | 1,032 | 1,151 | |||
Depreciation and other amortization | 132 | 62 | |||||
Change in fair value of contingent consideration | 0 | (631) | |||||
Change in fair value of warrant liabilities | 107 | (818) | (361) | (3,693) | $ (3,693) | ||
Stock-based compensation | 276 | 364 | |||||
Changes in operating assets and liabilities | |||||||
Accounts receivable | 186 | (412) | |||||
Prepaid expenses and other current assets | (162) | (167) | |||||
Other assets | 10 | (6) | |||||
Accounts payable and accrued liabilities | 7 | (17) | |||||
Deferred revenue | 636 | (293) | |||||
Other liabilities | (35) | 24 | |||||
Total adjustments | 1,721 | (3,618) | |||||
Net cash provided by (used in) operating activities | 349 | (998) | |||||
Cash flows from investing activities: | |||||||
Purchase of property and equipment | (23) | (89) | |||||
Software development capitalization costs | 0 | (78) | |||||
Net cash used in investing activities | (23) | (167) | |||||
Cash flows from financing activities: | |||||||
Payments of contingent consideration and deferred cash payable | (250) | (3,139) | |||||
Payments of long-term debt | (385) | (555) | |||||
Proceeds from stock option exercises | 0 | 19 | |||||
Net cash used in financing activities | (635) | (3,675) | |||||
Effect of exchange rate changes on cash and cash equivalents | 60 | (119) | |||||
Net decrease in cash and cash equivalents | (249) | (4,959) | |||||
Cash and cash equivalents at beginning of period | $ 2,856 | $ 8,852 | 2,856 | 8,852 | |||
Cash and cash equivalents at end of period | $ 2,607 | $ 3,893 | 2,607 | 3,893 | $ 3,893 | ||
Supplemental disclosures of cash flow information: | |||||||
Interest | 49 | 36 | |||||
Income taxes | $ 42 | $ 31 |
Note 1 - Description of Busines
Note 1 - Description of Business | 9 Months Ended |
Jun. 30, 2023 | |
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 company that offers a suite of products that help companies grow online revenue by driving more traffic to their websites, converting more visitors to purchasers, and increasing average order value. HawkSearch is a site search, recommendation, and personalization application, built for marketers, merchandisers, and developers to enhance, normalize, and enrich an online customer's content search and product discovery experience. HawkSearch leverages advanced artificial intelligence, machine learning and industry-leading merchandising features to deliver accurate and highly relevant results and recommendations derived from multiple data sources. Celebros Search is a commerce-oriented site search product that provides Natural Language Processing with artificial intelligence to present relevant search results based on long-tail keyword searches with support for multiple languages. Woorank is a Search Engine Optimization (“SEO”) audit tool that generates an instant performance audit of the site’s technical, on-page, and off-page SEO. Woorank’s clear, actionable insights help companies increase their search engine ranking, while boosting website traffic, audience engagement, conversion, and customer retention rates. Our Unbound platform is a Digital Experience Platform that includes Web Content Management, eCommerce, Digital Marketing, and Web Analytics. The Unbound platform, combined with its professional services, assists customers in powering engaging digital experiences that drive lead generation, increase revenue, improve customer service and loyalty, enhance employee knowledge, and reduce operational costs. The TruPresence product empowers large franchises, brand networks, and other multi-unit organizations to manage a large hierarchy of digital properties at scale. TruPresence provides centralized and distributed management of content and products from parent sites down to multiple child sites for consistency in branding and messaging, while also enabling regional / local site owners to manage the local messaging, products and promotions specific to their local market. OrchestraCMS is the only content and digital experience platform built 100% 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: Woodbury, New York; Rosemont, Illinois; Atascadero, California; Ontario, Canada; and Brussels, Belgium. The Company has four |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. Unaudited Interim Financial Information The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and with the instructions to Form 10 X, three nine June 30, 2023 not September 30, 2023. September 30, 2022 not 10 September 30, 2022, December 21, 2022. Recently Adopted Accounting Pronouncements Debt Debt with Conversion and Other Options In August 2020, 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 Derivatives and Hedging Contracts in Entity s Own Equity (Subtopic 815 40 2020 06 2020 06 2020 - 06 December 15, 2021 , December 15, 2023 . 2020 - 06 first September 30, 2023 , 2020 06 not October 1, 2022 three nine June 30, 2023. Accounting Pronouncements Pending Adoption Financial Instruments Credit Losses In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 2016 13 December 15, 2022, 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 | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3. Accounts Receivable Accounts receivable consist of the following: As of June 30, 2023 As of September 30, 2022 Accounts receivable $ 1,169 $ 1,332 Allowance for doubtful accounts (164 ) (150 ) Accounts receivable, net $ 1,005 $ 1,182 As of June 30, 2023 September 30, 2022, no 10% |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurement and Fair Value of Financial Instruments | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 4. Fair Value Measurement and Fair Value of Financial Instruments 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 approximates fair value due to their short-term nature. As of June 30, 2023 September 30, 2022, 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 June 30, 2023, September 30, 2022. As of June 30, 2023 As of September 30, 2022 Montage Capital Series C Preferred Series D Preferred Montage Capital Series C Preferred Series D Preferred Volatility 75.7 % 59.4 % 79.1 % 82.0 % 83.9 % 84.7 % Risk-free rate 4.8 % 5.3 % 4.4 % 4.2 % 4.2 % 4.1 % Stock price $ 1.18 $ 1.18 $ 1.18 $ 1.31 $ 1.31 $ 1.31 The Company recognized gains/(losses) of ($107) and $818 for the three June 30, 2023 2022, nine June 30, 2023 2022, The Company’s contingent consideration obligations were from arrangements resulting from acquisitions completed in prior periods not 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 Assets and liabilities of the Company measured at fair value on a recurring basis as of June 30, 2023 September 30, 2022, As of June 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities: Montage $ - $ - $ 12 $ 12 Series A and C - - 37 37 Series D - - 339 339 Total warrant liabilities $ - $ - $ 388 $ 388 As of September 30, 2022 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities: Montage $ - $ - $ 12 $ 12 Series A and C - - 234 234 Series D - - 503 503 Total warrant liabilities - - 749 749 Contingent consideration obligations - - 250 250 Total Liabilities $ - $ - $ 999 $ 999 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, 2022 $ 250 $ 749 Additions - - Payments or exercises (250 ) - Adjustment to fair value - (297 ) Balance at end of period, December 31, 2022 $ - $ 452 Additions - - Payments or exercises - - Adjustment to fair value - (171 ) Balance at end of period, March 31, 2023 $ - $ 281 Additions - - Exercises or payments - - Adjustment to fair value - 107 Balance at end of period, June 30, 2023 $ - $ 388 |
Note 5 - Intangible Assets
Note 5 - Intangible Assets | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 5. Intangible Assets The components of intangible assets, net of accumulated amortization, are as follows: As of June 30, 2023 As of September 30, 2022 Domain and trade names $ 643 $ 682 Customer related 3,889 4,522 Technology 704 1,064 Balance at end of period $ 5,236 $ 6,268 Total amortization expense was $346 and $354 related to intangible assets for the three June 30, 2023 2022, nine June 30, 2023 2022, 2023 2024, 2025, 2026, 2027 |
Note 6 - Accrued Liabilities
Note 6 - Accrued Liabilities | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 6. Accrued Liabilities Accrued liabilities consist of the following: As of June 30, 2023 As of September 30, 2022 Compensation and benefits $ 358 $ 477 Professional fees 229 186 Taxes 69 98 Insurance 32 - Other 174 234 Balance at end of period $ 862 $ 995 |
Note 7 - Long-term Debt
Note 7 - Long-term Debt | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Long-Term Debt [Text Block] | 7. Long-term debt On March 1, 2021, one Long-term debt consisted of the following: As of June 30, 2023 As of September 30, 2022 Term loan payable, accruing interest at 3-Month EURIBOR plus 1.3 $ 416 $ 389 Seller’s note payable (“Seller’s note”), due to one of the selling shareholders, accruing interest at a fixed rate of 4.0 September 2025 327 292 Vendor loan payable (“Vendor loan”), accruing interest at 3.0 - 292 Term loan payable, accruing interest at fixed rates ranging between 0.99 1.5 October 2022 - 44 Total debt 743 1,017 Less: current portion (210 ) (429 ) Long-term debt, net of current portion $ 533 $ 588 At June 30, 2023, Fiscal year: 2023 (remaining) $ 86 2024 210 2025 210 2026 79 2027 79 Thereafter 79 Total long-term debt $ 743 |
Note 8 - Stockholders' Equity
Note 8 - Stockholders' Equity | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Equity [Text Block] | 8. Stockholders Equity Under our Certificate of Incorporation, we are authorized, subject to limitations prescribed by Delaware law and our Charter, to issue up to 1,000,000 shares of preferred stock in one not may 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 June 30, 2023 September 30, 2022 , Series B Convertible Preferred Stock The Company has designated 5,000 shares of its preferred stock as Series B Convertible Preferred Stock (“Series B Preferred Stock”). The shares of Series B Preferred Stock may June 30, 2023 September 30, 2022, 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 shares of Series C Preferred Stock may not may not not 4.99% 9.99% June 30, 2023 September 30, 2022 , Series D Convertible Preferred Stock The Company has designated 4,200 shares of its preferred stock as Series D Convertible Preferred Stock (“Series D Preferred Stock”). The shares of Series D Preferred Stock may may not not June 30, 2023 September 30, 2022, 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. April 29, 2016, 2016 “2016 2016 2016 June 30, 2023, 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 three nine June 30, 2023 2022, Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Cost of revenue $ 1 $ 6 $ 7 $ 19 Operating expenses 98 86 269 188 Change in fair value of contingent consideration, interest expense and other, net - 157 - 157 $ 99 $ 249 $ 276 $ 364 Change in fair value of contingent consideration, interest expense and other, net includes compensation expense related to the fair value of fully-vested stock options granted to directors in April 2021. June 30, 2023, 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 1 2 3 13 14 2 1934. Series A and B and C Preferred Warrants - March 2019, 5.5 $4.00; 2021 $4.00; 5.5 may not not 4.99% 9.99% As of June 30 , 2023 , Series D Preferred Warrants May 2021, five November 16, 2026 $2.51 five May 12, 2026 $2.85. The Company may not not 4.99% 9.99% June 30, 2023 , The Montage Warrants, Series A and 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 4 During nine June 30, 2023, nine June 30, 2022, Total warrants outstanding as June 30, 2023, Type Issue Date Shares Price Expiration Financing (Montage) 10/10/2017 1,327 $ 132.50 10/10/2025 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 31,564 $ 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 1,757,629 Summary of Option and Warrant Activity and Outstanding Shares During the three June 30, 2023, 36 three 12 three three June 30, 2022, nine June 30, 2023, three nine June 30, 2022, three October 1, 2021. July 2023, 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 periods ended are as follows: 2023 2022 Non-Board Board Non-Board Weighted-average fair value per share option $ 0.90 $ 1.30 $ 1.40 Expected life (in years) 5.8 5.0 6.0 Volatility 90.7 % 89.2 % 95.0 % Risk-free interest rate 4.0 % 2.8 % 2.8 % Dividend yield 0.0 % 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 restricted stock, stock option and warrant activity for the nine June 30, 2023, Restricted Stock Stock Options Stock Warrants Weighted Average Weighted Average Awards Awards Exercise Price Warrants Exercise Price Outstanding, October 1, 2022 200,000 1,157,927 $ 3.49 1,757,629 $ 3.64 Granted - 502,000 1.20 - - Exercised - - - - - Forfeited - (23,333 ) 2.51 - - Expired - (64 ) 1,873.44 - - Outstanding, June 30, 2023 200,000 1,636,530 $ 2.73 1,757,629 $ 3.64 Options vested and exercisable, June 30, 2023 869,195 $ 3.83 As of June 30, 2023, |
Note 9 - Net Income (Loss) Per
Note 9 - Net Income (Loss) Per Share Attributable to Common Shareholders | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 9. Net Income (Loss) Per Share Attributable to Common Shareholders Basic net income (loss) per share is computed by dividing net income (loss) applicable to common shareholders by the weighted average number of common shares outstanding. Diluted net loss 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 Basic and diluted net income (loss) per share is computed as follows: (in thousands, except per share data) Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Numerator: Net income (loss) – basic earnings per share $ (781 ) $ 403 $ (1,372 ) $ 2,620 Effect of dilutive securities: - - - - Change in fair value of in-the-money warrant derivative liabilities - (10 ) (1 ) (40 ) Net income (loss) applicable to common shareholders - diluted earnings per share $ (781 ) $ 393 $ (1,373 ) $ 2,580 Denominator: Weighted-average shares outstanding for basic earnings per share 10,417,609 10,217,609 10,417,609 10,203,570 Effect of dilutive securities: Options - - - 109,020 Warrants - 13,254 6,578 13,423 Preferred stock - 38,889 - 38,889 Weighted-average shares outstanding for diluted earnings per share 10,417,609 10,269,752 10,424,187 10,364,902 Basic net income (loss) per share $ (0.07 ) $ 0.04 $ (0.13 ) $ 0.26 Diluted net income (loss) per share $ (0.07 ) $ 0.04 $ (0.13 ) $ 0.25 Potential common stock equivalents excluded from the computation of diluted net income (loss) per share because their inclusion would have been anti-dilutive were as follows (in shares): Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Stock options 1,226,065 1,178,065 1,226,065 729,712 Warrants 1,757,629 1,743,891 1,743,891 1,743,891 Series C Convertible Preferred Stock 350 - 350 - |
Note 10 - Revenues and Other Re
Note 10 - Revenues and Other Related Items | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 10. 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: Three Months Ended June 30, Nine Months Ended June 30, Revenues: 2023 2022 2023 2022 United States $ 3,183 $ 3,325 $ 9,809 $ 9,944 International 727 881 2,278 2,665 $ 3,910 $ 4,206 $ 12,087 $ 12,609 The largest concentration within the Company’s international revenue geography is within Canada. Long-lived assets located in foreign jurisdictions aggregated approximately $6.1 million and $6.7 million as of June 30, 2023 September 30, 2022, The Company’s revenue by type is as follows: Three Months Ended June 30, Nine Months Ended June 30, Revenues: 2023 2022 2023 2022 Subscription $ 2,788 $ 3,022 $ 8,489 $ 8,984 Maintenance 131 129 413 366 Hosting 249 207 768 661 Perpetual licenses - 36 - 106 Digital engagement services 742 812 2,417 2,492 $ 3,910 $ 4,206 $ 12,087 $ 12,609 For the three nine June 30, 2023 2022, no 10% Deferred Revenue Amounts that have been invoiced are recorded in accounts receivable and 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 The following table summarizes the classification and net change in deferred revenue as of and for the three nine June 30, 2023: Deferred Revenue Current Long-Term Balance as of October 1, 2022 $ 1,943 $ 384 Increase (decrease) (30 ) (12 ) Balance as of December 31, 2022 $ 1,913 $ 372 Increase (decrease) 507 (24 ) Balance as of March 31, 2023 $ 2,420 $ 348 Increase (decrease) 92 (2 ) Balance as of June 30, 2023 $ 2,512 $ 346 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 11. Income Taxes Provision for income taxes consists of the estimated liability for state income taxes owed by the Company. Net operating loss carryforwards are estimated to be sufficient to offset any potential taxable income for all periods presented. During the three June 30, 2023 2022, nine June 30, 2023 2022, |
Note 12 - Leases
Note 12 - Leases | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 12. Leases The Company leases facilities in the United States for its corporate and regional field offices. During the three nine June 30, 2023, The components of net lease costs were as follows: Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Condensed Consolidated Statement of Operations: Operating lease cost $ 65 $ 59 $ 195 $ 195 Variable lease cost 36 22 108 68 Less: Sublease income, net (39 ) (41 ) (117 ) (129 ) Total $ 62 $ 40 $ 186 $ 134 Cash paid for amounts included in the measurement of lease liabilities was $149 thousand and $124 thousand for the nine June 30, 2023 2022, June 30, 2023, At June 30, 2023, one Operating Leases Receipts Subleases Net Leases Fiscal year: 2023 (remaining) $ 59 $ 19 $ 40 2024 157 25 132 2025 140 - 140 2026 72 - 72 2027 61 - 61 Thereafter 9 - 9 Total lease commitments 498 44 454 Less: Amount representing interest (59 ) Present value of lease liabilities 439 Less: current portion (167 ) Operating lease liabilities, net of current portion $ 272 |
Note 13 - Commitments and Conti
Note 13 - Commitments and Contingencies | 9 Months Ended |
Jun. 30, 2023 | |
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 12 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 June 30, 2023 September 30, 2022. The Company’s agreements with customers generally require the Company to indemnify the customer against claims in which the Company’s products infringe third June 30, 2023 September 30, 2022, not no not no Litigation The Company is subject to ordinary routine litigation and claims incidental to its business. As of June 30, 2023, not |
Note 14 - Related Party Transac
Note 14 - Related Party Transactions | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 14. Related Party Transactions In October 2013, 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 February May 2021 |
Note 15 - Subsequent Events
Note 15 - Subsequent Events | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 15. Subsequent Events The Company evaluated subsequent events through the date of this filing and concluded there were no |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Basis of Presentation and Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. |
Basis of Accounting, Policy [Policy Text Block] | Unaudited Interim Financial Information The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and with the instructions to Form 10 X, three nine June 30, 2023 not September 30, 2023. September 30, 2022 not 10 September 30, 2022, December 21, 2022. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Pronouncements Debt Debt with Conversion and Other Options In August 2020, 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 Derivatives and Hedging Contracts in Entity s Own Equity (Subtopic 815 40 2020 06 2020 06 2020 - 06 December 15, 2021 , December 15, 2023 . 2020 - 06 first September 30, 2023 , 2020 06 not October 1, 2022 three nine June 30, 2023. Accounting Pronouncements Pending Adoption Financial Instruments Credit Losses In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 2016 13 December 15, 2022, 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 (T
Note 3 - Accounts Receivable (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | As of June 30, 2023 As of September 30, 2022 Accounts receivable $ 1,169 $ 1,332 Allowance for doubtful accounts (164 ) (150 ) Accounts receivable, net $ 1,005 $ 1,182 |
Note 4 - Fair Value Measureme_2
Note 4 - Fair Value Measurement and Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | As of June 30, 2023 As of September 30, 2022 Montage Capital Series C Preferred Series D Preferred Montage Capital Series C Preferred Series D Preferred Volatility 75.7 % 59.4 % 79.1 % 82.0 % 83.9 % 84.7 % Risk-free rate 4.8 % 5.3 % 4.4 % 4.2 % 4.2 % 4.1 % Stock price $ 1.18 $ 1.18 $ 1.18 $ 1.31 $ 1.31 $ 1.31 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | As of June 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities: Montage $ - $ - $ 12 $ 12 Series A and C - - 37 37 Series D - - 339 339 Total warrant liabilities $ - $ - $ 388 $ 388 As of September 30, 2022 Level 1 Level 2 Level 3 Total Liabilities: Warrant liabilities: Montage $ - $ - $ 12 $ 12 Series A and C - - 234 234 Series D - - 503 503 Total warrant liabilities - - 749 749 Contingent consideration obligations - - 250 250 Total Liabilities $ - $ - $ 999 $ 999 |
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, 2022 $ 250 $ 749 Additions - - Payments or exercises (250 ) - Adjustment to fair value - (297 ) Balance at end of period, December 31, 2022 $ - $ 452 Additions - - Payments or exercises - - Adjustment to fair value - (171 ) Balance at end of period, March 31, 2023 $ - $ 281 Additions - - Exercises or payments - - Adjustment to fair value - 107 Balance at end of period, June 30, 2023 $ - $ 388 |
Note 5 - Intangible Assets (Tab
Note 5 - Intangible Assets (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | As of June 30, 2023 As of September 30, 2022 Domain and trade names $ 643 $ 682 Customer related 3,889 4,522 Technology 704 1,064 Balance at end of period $ 5,236 $ 6,268 |
Note 6 - Accrued Liabilities (T
Note 6 - Accrued Liabilities (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | As of June 30, 2023 As of September 30, 2022 Compensation and benefits $ 358 $ 477 Professional fees 229 186 Taxes 69 98 Insurance 32 - Other 174 234 Balance at end of period $ 862 $ 995 |
Note 7 - Long-term Debt (Tables
Note 7 - Long-term Debt (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Long-Term Debt Instruments [Table Text Block] | As of June 30, 2023 As of September 30, 2022 Term loan payable, accruing interest at 3-Month EURIBOR plus 1.3 $ 416 $ 389 Seller’s note payable (“Seller’s note”), due to one of the selling shareholders, accruing interest at a fixed rate of 4.0 September 2025 327 292 Vendor loan payable (“Vendor loan”), accruing interest at 3.0 - 292 Term loan payable, accruing interest at fixed rates ranging between 0.99 1.5 October 2022 - 44 Total debt 743 1,017 Less: current portion (210 ) (429 ) Long-term debt, net of current portion $ 533 $ 588 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Fiscal year: 2023 (remaining) $ 86 2024 210 2025 210 2026 79 2027 79 Thereafter 79 Total long-term debt $ 743 |
Note 8 - Stockholders' Equity (
Note 8 - Stockholders' Equity (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block] | Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Cost of revenue $ 1 $ 6 $ 7 $ 19 Operating expenses 98 86 269 188 Change in fair value of contingent consideration, interest expense and other, net - 157 - 157 $ 99 $ 249 $ 276 $ 364 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Type Issue Date Shares Price Expiration Financing (Montage) 10/10/2017 1,327 $ 132.50 10/10/2025 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 31,564 $ 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 1,757,629 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2023 2022 Non-Board Board Non-Board Weighted-average fair value per share option $ 0.90 $ 1.30 $ 1.40 Expected life (in years) 5.8 5.0 6.0 Volatility 90.7 % 89.2 % 95.0 % Risk-free interest rate 4.0 % 2.8 % 2.8 % Dividend yield 0.0 % 0.0 % 0.0 % |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Restricted Stock Stock Options Stock Warrants Weighted Average Weighted Average Awards Awards Exercise Price Warrants Exercise Price Outstanding, October 1, 2022 200,000 1,157,927 $ 3.49 1,757,629 $ 3.64 Granted - 502,000 1.20 - - Exercised - - - - - Forfeited - (23,333 ) 2.51 - - Expired - (64 ) 1,873.44 - - Outstanding, June 30, 2023 200,000 1,636,530 $ 2.73 1,757,629 $ 3.64 Options vested and exercisable, June 30, 2023 869,195 $ 3.83 |
Note 9 - Net Income (Loss) Pe_2
Note 9 - Net Income (Loss) Per Share Attributable to Common Shareholders (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (in thousands, except per share data) Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Numerator: Net income (loss) – basic earnings per share $ (781 ) $ 403 $ (1,372 ) $ 2,620 Effect of dilutive securities: - - - - Change in fair value of in-the-money warrant derivative liabilities - (10 ) (1 ) (40 ) Net income (loss) applicable to common shareholders - diluted earnings per share $ (781 ) $ 393 $ (1,373 ) $ 2,580 Denominator: Weighted-average shares outstanding for basic earnings per share 10,417,609 10,217,609 10,417,609 10,203,570 Effect of dilutive securities: Options - - - 109,020 Warrants - 13,254 6,578 13,423 Preferred stock - 38,889 - 38,889 Weighted-average shares outstanding for diluted earnings per share 10,417,609 10,269,752 10,424,187 10,364,902 Basic net income (loss) per share $ (0.07 ) $ 0.04 $ (0.13 ) $ 0.26 Diluted net income (loss) per share $ (0.07 ) $ 0.04 $ (0.13 ) $ 0.25 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Stock options 1,226,065 1,178,065 1,226,065 729,712 Warrants 1,757,629 1,743,891 1,743,891 1,743,891 Series C Convertible Preferred Stock 350 - 350 - |
Note 10 - Revenues and Other _2
Note 10 - Revenues and Other Related Items (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Revenue from External Customers by Geographic Areas [Table Text Block] | Three Months Ended June 30, Nine Months Ended June 30, Revenues: 2023 2022 2023 2022 United States $ 3,183 $ 3,325 $ 9,809 $ 9,944 International 727 881 2,278 2,665 $ 3,910 $ 4,206 $ 12,087 $ 12,609 |
Disaggregation of Revenue [Table Text Block] | Three Months Ended June 30, Nine Months Ended June 30, Revenues: 2023 2022 2023 2022 Subscription $ 2,788 $ 3,022 $ 8,489 $ 8,984 Maintenance 131 129 413 366 Hosting 249 207 768 661 Perpetual licenses - 36 - 106 Digital engagement services 742 812 2,417 2,492 $ 3,910 $ 4,206 $ 12,087 $ 12,609 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Deferred Revenue Current Long-Term Balance as of October 1, 2022 $ 1,943 $ 384 Increase (decrease) (30 ) (12 ) Balance as of December 31, 2022 $ 1,913 $ 372 Increase (decrease) 507 (24 ) Balance as of March 31, 2023 $ 2,420 $ 348 Increase (decrease) 92 (2 ) Balance as of June 30, 2023 $ 2,512 $ 346 |
Note 12 - Leases (Tables)
Note 12 - Leases (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Condensed Consolidated Statement of Operations: Operating lease cost $ 65 $ 59 $ 195 $ 195 Variable lease cost 36 22 108 68 Less: Sublease income, net (39 ) (41 ) (117 ) (129 ) Total $ 62 $ 40 $ 186 $ 134 |
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] | Operating Leases Receipts Subleases Net Leases Fiscal year: 2023 (remaining) $ 59 $ 19 $ 40 2024 157 25 132 2025 140 - 140 2026 72 - 72 2027 61 - 61 Thereafter 9 - 9 Total lease commitments 498 44 454 Less: Amount representing interest (59 ) Present value of lease liabilities 439 Less: current portion (167 ) Operating lease liabilities, net of current portion $ 272 |
Note 3 - Accounts Receivable -
Note 3 - Accounts Receivable - Summary of Accounts Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
Accounts receivable | $ 1,169 | $ 1,332 |
Allowance for doubtful accounts | (164) | (150) |
Accounts receivable, net | $ 1,005 | $ 1,182 |
Note 4 - Fair Value Measureme_3
Note 4 - Fair Value Measurement and Fair Value of Financial Instruments (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | 18 Months Ended | |||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2022 USD ($) | Sep. 30, 2022 USD ($) | |
Long-Term Debt, Fair Value | $ 600 | $ 600 | $ 900 | |||
Long-Term Debt | 743 | 743 | $ 1,000 | |||
Fair Value Adjustment of Warrants | $ 107 | $ (818) | $ (361) | $ (3,693) | $ (3,693) | |
Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||||||
Warrants and Rights Outstanding, Measurement Input | 0.40 | 0.40 | ||||
Measurement Input, Price Volatility [Member] | Valuation Technique, Company Specific Volatility [Member] | ||||||
Warrants and Rights Outstanding, Measurement Input | 0.60 | 0.60 | ||||
Minimum [Member] | Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||||||
Warrants and Rights Outstanding, Measurement Input | 0.281 | 0.281 | 0.266 | |||
Maximum [Member] | Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||||||
Warrants and Rights Outstanding, Measurement Input | 0.618 | 0.618 | 0.643 | |||
Weighted Average [Member] | Measurement Input, Price Volatility [Member] | Valuation, Market Approach [Member] | ||||||
Warrants and Rights Outstanding, Measurement Input | 0.503 | 0.503 | 0.547 |
Note 4 - Fair Value Measureme_4
Note 4 - Fair Value Measurement and Fair Value of Financial Instruments - Warrant Liabilities Inputs and Assumptions (Details) | Jun. 30, 2023 | Sep. 30, 2022 |
Montage Warrant [Member] | Measurement Input, Price Volatility [Member] | ||
Volatility | 0.757 | 0.820 |
Montage Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Volatility | 0.048 | 0.042 |
Montage Warrant [Member] | Measurement Input, Share Price [Member] | ||
Volatility | 1.18 | 1.31 |
Series C Warrants [Member] | Measurement Input, Price Volatility [Member] | ||
Volatility | 0.594 | 0.839 |
Series C Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Volatility | 0.053 | 0.042 |
Series C Warrants [Member] | Measurement Input, Share Price [Member] | ||
Volatility | 1.18 | 1.31 |
Series D Warrants [Member] | Measurement Input, Price Volatility [Member] | ||
Volatility | 0.791 | 0.847 |
Series D Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Volatility | 0.044 | 0.041 |
Series D Warrants [Member] | Measurement Input, Share Price [Member] | ||
Volatility | 1.18 | 1.31 |
Note 4 - Fair Value Measureme_5
Note 4 - Fair Value Measurement and Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Values on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
Warrant liabilities: | ||
Warrant liability, total | $ 388 | $ 749 |
Contingent consideration obligations | 250 | |
Total liabilities | 999 | |
Montage Warrant [Member] | ||
Warrant liabilities: | ||
Warrant liability | 12 | 12 |
Series Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | 37 | 234 |
Series D Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | 339 | 503 |
Fair Value, Inputs, Level 1 [Member] | ||
Warrant liabilities: | ||
Warrant liability, total | 0 | 0 |
Contingent consideration obligations | 0 | |
Total liabilities | 0 | |
Fair Value, Inputs, Level 1 [Member] | Montage Warrant [Member] | ||
Warrant liabilities: | ||
Warrant liability | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Series Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Series D Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Warrant liabilities: | ||
Warrant liability, total | 0 | 0 |
Contingent consideration obligations | 0 | |
Total liabilities | 0 | |
Fair Value, Inputs, Level 2 [Member] | Montage Warrant [Member] | ||
Warrant liabilities: | ||
Warrant liability | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Series Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Series D Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Warrant liabilities: | ||
Warrant liability, total | 388 | 749 |
Contingent consideration obligations | 250 | |
Total liabilities | 999 | |
Fair Value, Inputs, Level 3 [Member] | Montage Warrant [Member] | ||
Warrant liabilities: | ||
Warrant liability | 12 | 12 |
Fair Value, Inputs, Level 3 [Member] | Series Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | 37 | 234 |
Fair Value, Inputs, Level 3 [Member] | Series D Warrants [Member] | ||
Warrant liabilities: | ||
Warrant liability | $ 339 | $ 503 |
Note 4 - Fair Value Measureme_6
Note 4 - 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 | 3 Months Ended | ||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Contingent Consideration [Member] | |||
Balance | $ 0 | $ 0 | $ 250 |
Additions | 0 | 0 | 0 |
Payments or exercises | 0 | 0 | (250) |
Adjustment to fair value | 0 | 0 | 0 |
Balance | 0 | 0 | 0 |
Warrant [Member] | |||
Balance | 281 | 452 | 749 |
Additions | 0 | 0 | 0 |
Payments or exercises | 0 | 0 | 0 |
Adjustment to fair value | 107 | (171) | (297) |
Balance | $ 388 | $ 281 | $ 452 |
Note 5 - Intangible Assets (Det
Note 5 - Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Amortization of Intangible Assets | $ 346 | $ 354 | $ 1,032 | $ 1,151 |
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year | 333 | 333 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year One | 1,007 | 1,007 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Two | 729 | 729 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Three | 670 | 670 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Four | 556 | 556 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Five | $ 1,941 | $ 1,941 |
Note 5 - Intangible Assets - Ch
Note 5 - Intangible Assets - Changes in the Carrying Amount of Intangible Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
Balance at end of period | $ 5,236 | $ 6,268 |
Domain And Trade Names [Member] | ||
Finite Lived Intangible Assets, gross | 643 | 682 |
Customer Relationships [Member] | ||
Finite Lived Intangible Assets, gross | 3,889 | 4,522 |
Technology-Based Intangible Assets [Member] | ||
Finite Lived Intangible Assets, gross | $ 704 | $ 1,064 |
Note 6 - Accrued Liabilities -
Note 6 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
Compensation and benefits | $ 358 | $ 477 |
Professional fees | 229 | 186 |
Taxes | 69 | 98 |
Insurance | 32 | 0 |
Other | 174 | 234 |
Balance at end of period | $ 862 | $ 995 |
Note 7 - Long-term Debt - Long-
Note 7 - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
Total debt | $ 743 | $ 1,000 |
Total debt | 743 | 1,000 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | ||
Total debt | 743 | 1,017 |
Total debt | 743 | 1,017 |
Less: current portion | (210) | (429) |
Long-term debt, net of current portion | 533 | 588 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Term Loans, Two [Member] | ||
Total debt | 416 | 389 |
Total debt | 416 | 389 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Seller Note [Member] | ||
Total debt | 327 | 292 |
Total debt | 327 | 292 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Vendor Loan [Member] | ||
Total debt | 0 | 292 |
Total debt | 0 | 292 |
Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | Term Loans, One [Member] | ||
Total debt | 0 | 44 |
Total debt | $ 0 | $ 44 |
Note 7 - Long-term Debt - Lon_2
Note 7 - Long-term Debt - Long-term Debt (Details) (Parentheticals) - Debt Instruments, Excluding Paycheck Protection Program Liability [Member] | 9 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Sep. 30, 2022 | |
Term Loans, Two [Member] | ||
Interest rate | 1.30% | 1.30% |
Seller Note [Member] | ||
Interest rate | 4% | 4% |
Maturity date | Sep. 30, 2025 | Sep. 30, 2025 |
Vendor Loan [Member] | ||
Interest rate | 3% | |
Term Loans, One [Member] | ||
Maturity date | Oct. 31, 2022 | |
Term Loans, One [Member] | Minimum [Member] | ||
Interest rate | 0.99% | |
Term Loans, One [Member] | Maximum [Member] | ||
Interest rate | 1.50% |
Note 7 - Long-term Debt - Futur
Note 7 - Long-term Debt - Future Maturities of Long-term Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
2023 (remaining) | $ 86 | |
2024 | 210 | |
2025 | 210 | |
2026 | 79 | |
2027 | 79 | |
Thereafter | 79 | |
Total long-term debt | $ 743 | $ 1,000 |
Note 8 - Stockholders' Equity_2
Note 8 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, Rate in Thousands, $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||||||||
Jul. 31, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Sep. 30, 2022 | Dec. 31, 2021 | May 14, 2021 | Jul. 31, 2016 | Oct. 27, 2014 | |
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 | ||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 800 | $ 800 | $ 800 | |||||||||
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 | |||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 5 years | 5 years | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $ 0 | $ 0 | $ 0 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 8 years 4 months 24 days | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year) | 7 years 4 months 24 days | |||||||||||
Share-Based Payment Arrangement, Tranche One [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 5,000 | |||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 3.99 | |||||||||||
Share-Based Payment Arrangement, Employee [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 152,000 | 48,000 | 50,000 | |||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.18 | $ 1.27 | $ 1.34 | |||||||||
Share-Based Payment Arrangement, Option [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | 1,636,530 | 1,636,530 | 1,636,530 | 1,157,927 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 502,000 | |||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.20 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate (Rate) | 0% | |||||||||||
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 3 years | |||||||||||
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Employee [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | 3 years | |||||||||
Chief Executive Officer [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 300,000 | 362,000 | ||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.18 | $ 1.85 | ||||||||||
Chief Executive Officer [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) | 120,000 | |||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.85 | |||||||||||
Director [Member] | Subsequent Event [Member] | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | |||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.19 | |||||||||||
Director [Member] | Share-Based Payment Arrangement, Option [Member] | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate (Rate) | 0% | |||||||||||
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 | $ 250 | $ 250 | |||||||||
Series A Warrants [Member] | ||||||||||||
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) | $ 4 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 872,625 | 872,625 | 872,625 | |||||||||
Series B Warrants [Member] | ||||||||||||
Warrants and Rights Outstanding, Term (Year) | 24 months | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 4 | |||||||||||
Series C Warrants [Member] | ||||||||||||
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) | $ 0.05 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 13,738 | 13,738 | 13,738 | |||||||||
Placement Agent Warrants [Member] | ||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 4 | $ 2.85 | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 179,536 | 179,536 | 179,536 | 179,536 | ||||||||
Warrants or Rights, Exercised During Period (in shares) | 0 | 26,605 | ||||||||||
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) | 41,621 | 41,621 | 41,621 | |||||||||
Series D Preferred Stock Warrants [Member] | ||||||||||||
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 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 592,106 | |||||||||||
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 | |||||||||||
Amended and Restated Stock Incentive Plan [Member] | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 2,400,000 | 2,400,000 | 2,400,000 | 5,000 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | 1,636,530 | 1,636,530 | 1,636,530 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | 510,000 | 510,000 | 510,000 | |||||||||
Series A Convertible Preferred Stock [Member] | ||||||||||||
Preferred Stock, Shares Authorized (in shares) | 264,000 | |||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 10 | |||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | 0 | 0 | ||||||||
Series B Convertible Preferred Stock [Member] | ||||||||||||
Preferred Stock, Shares Authorized (in shares) | 5,000 | 5,000 | 5,000 | |||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1,000 | $ 1,000 | $ 1,000 | |||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | ||||||||||
Series D Convertible Preferred Stock [Member] | ||||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1,000 | |||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | 0 | 0 | 4,200 | |||||||
Convertible Preferred Stock, Percent, Maximum Ownership | 4.99% | |||||||||||
Convertible Preferred Stock, Percent, Maximum Ownership Upon Election | 9.99% | |||||||||||
Series C Convertible Preferred Stock [Member] | ||||||||||||
Preferred Stock, Shares Authorized (in shares) | 11,000 | 11,000 | 11,000 | 11,000 | ||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1,000 | $ 1,000 | $ 1,000 | |||||||||
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 | 38,889 |
Note 8 - Stockholders' Equity -
Note 8 - Stockholders' Equity - Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Share-Based Payment Arrangement, Expense | $ 99 | $ 249 | $ 276 | $ 364 |
Cost of Sales [Member] | ||||
Share-Based Payment Arrangement, Expense | 1 | 6 | 7 | 19 |
Operating Expense [Member] | ||||
Share-Based Payment Arrangement, Expense | 98 | 86 | 269 | 188 |
Interest and Other Expense [Member] | ||||
Share-Based Payment Arrangement, Expense | $ 0 | $ 157 | $ 0 | $ 157 |
Note 8 - Stockholders' Equity_3
Note 8 - Stockholders' Equity - Stock Warrants Outstanding and Issuances (Details) | 9 Months Ended |
Jun. 30, 2023 $ / shares shares | |
Stock Warrants Outstanding, Shares (in shares) | 1,757,629 |
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) | $ / shares | $ 132.50 |
Stock Warrants Outstanding, Expiration | Oct. 10, 2025 |
Investor Stock Warrants 1 [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) | $ / shares | $ 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) | $ / shares | $ 31.25 |
Stock Warrants Outstanding, Expiration | Oct. 16, 2023 |
Investor Stock Warrants 2 [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) | $ / shares | $ 4 |
Stock Warrants Outstanding, Expiration | Oct. 19, 2023 |
Investor Stock Warrants 3 [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) | $ / shares | $ 4 |
Stock Warrants Outstanding, Expiration | Sep. 12, 2024 |
Investor Stock Warrants 4 [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) | $ / shares | $ 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) | $ / shares | $ 4 |
Stock Warrants Outstanding, Expiration | Sep. 12, 2024 |
Placement Agent Stock Warrants 3 [Member] | |
Stock Warrants Outstanding, Issue Date | Feb. 04, 2021 |
Stock Warrants Outstanding, Shares (in shares) | 31,564 |
Stock Warrants Outstanding, Price (in dollars per share) | $ / shares | $ 3.88 |
Stock Warrants Outstanding, Expiration | Feb. 04, 2026 |
Investor Stock Warrants 5 [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) | $ / shares | $ 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) | $ / shares | $ 2.85 |
Stock Warrants Outstanding, Expiration | May 12, 2026 |
Note 8 - Stockholders' Equity_4
Note 8 - Stockholders' Equity - Valuation Assumptions for Stock Options (Details) - Share-Based Payment Arrangement, Option [Member] - $ / shares Rate in Thousands | 9 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Dividend yield | 0% | |
Non-Board of Directors [Member] | ||
Weighted-average fair value per share option (in dollars per share) | $ 0.90 | $ 1.40 |
Expected life (in years) (Year) | 5 years 9 months 18 days | 6 years |
Volatility | 90.70% | 95% |
Risk-free interest rate | 4% | 2.80% |
Dividend yield | 0% | 0% |
Director [Member] | ||
Weighted-average fair value per share option (in dollars per share) | $ 1.30 | |
Expected life (in years) (Year) | 5 years | |
Volatility | 89.20% | |
Risk-free interest rate | 2.80% | |
Dividend yield | 0% |
Note 8 - Stockholders' Equity_5
Note 8 - Stockholders' Equity - Stock Option and Warrant Activity (Details) - $ / shares | 9 Months Ended |
Jun. 30, 2023 | |
Restricted Stock [Member] | |
Outstanding (in shares) | 200,000 |
Granted (in shares) | 0 |
Exercised (in shares) | 0 |
Forfeited (in shares) | 0 |
Expired (in shares) | 0 |
Outstanding (in shares) | 200,000 |
Share-Based Payment Arrangement, Option [Member] | |
Outstanding, Options (in shares) | 1,157,927 |
Outstanding, Options, Weighted Average Exercise Price (in dollars per share) | $ 3.49 |
Granted, Options (in shares) | 502,000 |
Granted, Options, Weighted Average Exercise Price (in dollars per share) | $ 1.20 |
Exercised, Options (in shares) | 0 |
Exercised, Options, Weighted Average Exercise Price (in dollars per share) | $ 0 |
Forfeited, Options (in shares) | (23,333) |
Forfeited, Options, Weighted Average Exercise Price (in dollars per share) | $ 2.51 |
Expired, Options (in shares) | (64) |
Expired, Options, Weighted Average Exercise Price (in dollars per share) | $ 1,873.44 |
Outstanding, Options (in shares) | 1,636,530 |
Outstanding, Options, Weighted Average Exercise Price (in dollars per share) | $ 2.73 |
Options vested and exercisable, Options (in shares) | 869,195 |
Options vested and exercisable, Weighted Average Exercise Price (in dollars per share) | $ 3.83 |
Stock Warrants [Member] | |
Outstanding (in shares) | 1,757,629 |
Outstanding, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 3.64 |
Granted (in shares) | 0 |
Granted, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 0 |
Exercised (in shares) | 0 |
Exercised, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 0 |
Forfeited (in shares) | 0 |
Forfeited, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 0 |
Expired (in shares) | 0 |
Expired, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 0 |
Outstanding (in shares) | 1,757,629 |
Outstanding, Warrants, Weighted Average Exercise Price (in dollars per share) | $ 3.64 |
Note 9 - Net Income (Loss) Pe_3
Note 9 - Net Income (Loss) Per Share Attributable to Common Shareholders - Computed Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | |
Numerator: | ||||||||
Net income (loss) | $ (781) | $ (511) | $ (80) | $ 403 | $ 346 | $ 1,872 | $ (1,372) | $ 2,620 |
Effect of dilutive securities: (in shares) | 0 | 0 | 0 | 0 | ||||
Change in fair value of in-the-money warrant derivative liabilities | $ 0 | $ (10) | $ (1) | $ (40) | ||||
Net income (loss) applicable to common shareholders - diluted earnings per share | $ (781) | $ 393 | $ (1,373) | $ 2,580 | ||||
Basic (in shares) | 10,417,609 | 10,217,609 | 10,417,609 | 10,203,570 | ||||
Options (in shares) | 0 | 0 | 0 | 109,020 | ||||
Warrants (in shares) | 0 | 13,254 | 6,578 | 13,423 | ||||
Preferred stock (in shares) | 0 | 38,889 | 0 | 38,889 | ||||
Weighted-average shares outstanding for diluted earnings per share (in shares) | 10,417,609 | 10,269,752 | 10,424,187 | 10,364,902 | ||||
Basic net income (loss) per share (in dollars per share) | $ (0.07) | $ 0.04 | $ (0.13) | $ 0.26 | ||||
Diluted net income (loss) per share (in dollars per share) | $ (0.07) | $ 0.04 | $ (0.13) | $ 0.25 |
Note 9 - Net Income (Loss) Pe_4
Note 9 - Net Income (Loss) Per Share Attributable to Common Shareholders - Anti-dilutive Stocks (Details) - shares | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Share-Based Payment Arrangement, Option [Member] | ||||
Antidilutive Securities (in shares) | 1,226,065 | 1,178,065 | 1,226,065 | 729,712 |
Warrant [Member] | ||||
Antidilutive Securities (in shares) | 1,757,629 | 1,743,891 | 1,743,891 | 1,743,891 |
Series C Convertible Preferred Stock [Member] | ||||
Antidilutive Securities (in shares) | 350 | 0 | 350 | 0 |
Note 10 - Revenues and Other _3
Note 10 - Revenues and Other Related Items (Details Textual) - USD ($) $ in Millions | Jun. 30, 2023 | Sep. 30, 2022 |
Non-US [Member] | ||
Assets, Noncurrent | $ 6.1 | $ 6.7 |
Note 10 - Revenues and Other _4
Note 10 - Revenues and Other Related Items - Revenue by Geography (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues | $ 3,910 | $ 4,206 | $ 12,087 | $ 12,609 |
UNITED STATES | ||||
Revenues | 3,183 | 3,325 | 9,809 | 9,944 |
Non-US [Member] | ||||
Revenues | $ 727 | $ 881 | $ 2,278 | $ 2,665 |
Note 10 - Revenues and Other _5
Note 10 - Revenues and Other Related Items - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues | $ 3,910 | $ 4,206 | $ 12,087 | $ 12,609 |
Subscription and Circulation [Member] | ||||
Revenues | 2,788 | 3,022 | 8,489 | 8,984 |
Maintenance [Member] | ||||
Revenues | 131 | 129 | 413 | 366 |
Hosting [Member] | ||||
Revenues | 249 | 207 | 768 | 661 |
Perpetual Licenses [Member] | ||||
Revenues | 0 | 36 | 0 | 106 |
Service [Member] | ||||
Revenues | $ 742 | $ 812 | $ 2,417 | $ 2,492 |
Note 10 - Revenues and Other _6
Note 10 - Revenues and Other Related Items - Deferred Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Balance, current | $ 2,420 | $ 1,913 | $ 1,943 |
Balance, noncurrent | 348 | 372 | 384 |
Increase (decrease), current | 92 | 507 | (30) |
Increase (decrease) | (2) | (24) | (12) |
Balance, current | 2,512 | 2,420 | 1,913 |
Balance, noncurrent | $ 346 | $ 348 | $ 372 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Tax Expense (Benefit) | $ 9 | $ 4 | $ 25 | $ 12 |
Note 12 - Leases (Details Textu
Note 12 - Leases (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Operating Lease, Payments | $ 149 | $ 124 |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years 2 months 12 days | |
Operating Lease, Weighted Average Discount Rate, Percent | 7% |
Note 12 - Leases - Lease Cost (
Note 12 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Operating lease cost | $ 65 | $ 59 | $ 195 | $ 195 |
Variable lease cost | 36 | 22 | 108 | 68 |
Less: Sublease income, net | (39) | (41) | (117) | (129) |
Total | $ 62 | $ 40 | $ 186 | $ 134 |
Note 12 - Leases - Future Minim
Note 12 - Leases - Future Minimum Rental Commitments (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
2023 (remaining), operating leases | $ 59 | |
2023 (remaining), subleases | 19 | |
2023 (remaining), net leases | 40 | |
2024, operating leases | 157 | |
2024, subleases | 25 | |
2024, net leases | 132 | |
2025, operating leases | 140 | |
2025, subleases | 0 | |
2025, net leases | 140 | |
2026, operating leases | 72 | |
2026, subleases | 0 | |
2026, net leases | 72 | |
2027, operating leases | 61 | |
2027, subleases | 0 | |
2027, net leases | 61 | |
Thereafter, operating leases | 9 | |
Thereafter, subleases | 0 | |
Thereafter, net leases | 9 | |
Total lease commitments, operating leases | 498 | |
Total lease commitments, subleases | 44 | |
Total lease commitments, net leases | 454 | |
Less: Amount representing interest | (59) | |
Present value of lease liabilities | 439 | |
Less: current portion | 167 | $ 199 |
Operating lease liabilities, net of current portion | $ 272 | $ 390 |
Note 14 - Related Party Trans_2
Note 14 - Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | ||||||
Mar. 13, 2019 | Nov. 30, 2018 | Jun. 30, 2023 | Dec. 31, 2021 | May 31, 2021 | May 14, 2021 | Oct. 31, 2013 | |
Warrants and Rights Outstanding, Term (Year) | 5 years | ||||||
Placement Agent Warrants [Member] | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 4 | $ 2.85 | |||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 179,536 | 179,536 | |||||
Warrants and Rights Outstanding, Term (Year) | 5 years | ||||||
Taglich Brothers Inc. [Member] | |||||||
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 | ||||||
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 |