Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v2.4.0.8
Discontinued Operations
 9 Months Ended
Jun. 30, 2013
Discontinued Operations [Abstract]  
Discontinued Operations
10. Discontinued Operations
 
As of July 7, 2013, the Board of Directors of General Employment Enterprises, Inc. determined that the best course of action related to the Agricultural division was to terminate operations and to liquidate the division's assets and to focus the business on the light industrial and professional divisions.  On July 7, 2013, all staffing was discontinued and the entire operations of the agricultural division were discontinued as of August 1, 2013.  All employees have been terminated and a one-time expense of approximately $100,000 was recognized as of June 30, 2013.
 
Three Months Ended
Nine Months Ended
June 30,
June 30,
    (In Thousands)
2013
2012
2013
2012
    Discontinued Operations
    Agricultural services revenue – net
$
2,840
$
2,497
$
6,596
$
6,849
    Agricultural services gross margin
3.0
%
4.3
%
3.4
%
4.5
%
    Agricultural services net loss
 
       (169)
-
(219)
(39)
    Accounts receivable net – Agricultural services
$
1,078
1,067
1,078
1,067
A Fixed assets – Agricultural services
14
11
14
11
    Total assets – Agricultural services
$
1,092
1,054
1,092
1,054
    Total liabilities – Agricultural services
$
415
$
751
$
415
$
751
 
The Company will continue to pay the former head of the Agricultural division for a period of six months and sell him the property and equipment for approximately $9,000.   The Company expects to collect the receivables over a period of the next ninety days.