This excerpt taken from the SAAS 10-Q filed Nov 13, 2007.
BALANCE SHEET AND WORKING CAPITAL
The overall cash position of the company improved dramatically due primarily to the recent $8.5 million equity funding. In addition to the $6.7 million of cash on hand at September 30, 2007, there was also an additional $7.0 million of availability under our revolving credit facility for a total of $13.7 million of cash and availability. Our working capital position improved dramatically to $4.3 million and the current ratio improved to 1.34. Immediately after the equity funding, the company eliminated the entire outstanding balance of the revolving credit facility, which left only $1.2 million of total outstanding debt at September 30, 2007.