| Restated financial information |
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Fiscal Quarter and Six Months Ended March 31, 2017 |
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As |
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Previously |
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Reported |
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Change |
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(Restated) |
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| Consolidated balance sheet as of March 31, 2017 |
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| Trade receivables, net |
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$ |
9,500,555 |
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$ |
(802,871 |
) |
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$ |
8,697,684 |
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| Prepaid expenses and other current assets |
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3,400,335 |
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802,871 |
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4,203,206 |
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| Total assets |
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121,468,629 |
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121,468,629 |
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| Current portion of long- term debt |
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5,832,567 |
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15,378,332 |
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21,210,899 |
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| Long-term debt, net of current portion |
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69,019,133 |
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(15,378,332 |
) |
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53,640,801 |
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| Total liabilities |
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90,550,517 |
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90,550,517 |
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| Paid in capital |
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56,773,754 |
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6,249,254 |
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63,023,008 |
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| Accumulated deficit |
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(25,568,783 |
) |
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(6,238,516 |
) |
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(31,807,299 |
) |
| Series E convertible preferred stock |
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10,866 |
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(10,738 |
) |
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|
128 |
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| Total shareholders' equity |
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30,918,112 |
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– |
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30,918,112 |
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| Consolidated statement of
cash flows for the six months ended March 31, 2017 |
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| Change in accounts receivable |
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(1,090,686 |
) |
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70,834 |
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(1,019,852 |
) |
| Change in prepaid expenses and other current liabilities |
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2,520,099 |
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(1,887,689 |
) |
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|
632,410 |
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| Net cash provided by operations |
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5,209,543 |
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(1,816,855 |
) |
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3,392,688 |
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| Purchases of property and equipment |
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(7,100,362 |
) |
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1,816,855 |
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(5,283,507 |
) |
| Net cash used in investing activities |
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(54,507,921 |
) |
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1,816,855 |
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(52,691,066 |
) |
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