Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues $ 42,001 $ 53,196
Cost of revenues 25,375 33,859
Gross profit 16,626 19,337
Operating expenses:    
General and administrative expenses 10,809 12,901
Sales and marketing expenses 2,330 4,346
Total operating expenses 13,139 17,247
Operating income 3,487 2,090
Other (expense) income:    
Interest expense, net (1,357) (1,653)
Impairment charges (1,207) 0
Other income (expense) (181) 1,660
Total other (expense) income, net (2,745) 7
Income before provision for income taxes 742 2,097
Provision for income taxes 195 567
Net income $ 547 $ 1,530
Dividends declared - common stock $ 0 $ 0
Earnings per share:    
Basic 0.30 0.79
Diluted $ 0.15 $ 0.41
Weighted average common shares outstanding:    
Basic 1,806,746 1,945,247
Diluted 3,540,953 3,696,030
Series B Convertible Preferred Stock    
Other (expense) income:    
Dividends declared - convertible preferred stock $ 0 $ 0
Series E Convertible Preferred Stock    
Other (expense) income:    
Dividends declared - convertible preferred stock $ 0 $ 0