Annual report pursuant to Section 13 and 15(d)

Discontinued Operations

v2.4.0.8
Discontinued Operations
 12 Months Ended
Sep. 30, 2013
Discontinued Operations [Abstract]  
Discontinued Operations
14. 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, 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 September 30, 2013.

 
  
Years Ended
  
 
  
September 30,
  
(In Thousands)
  
2013
    
2012
  
 
  
   
 
Discontinued Operations
  
   
 
Agricultural services revenue – net
  
$
6,801
    
$
7,852
  
Agricultural services gross margin
    
3.3
%
    
4.4
%
Agricultural services net loss
    
(324
)
    
(109
)
Accounts receivable net – Agricultural services
    
238
      
597
  
A Fixed assets – Agricultural services
    
-
      
10
  
Total assets – Agricultural services
    
238
      
608
  
Total liabilities – Agricultural services
  
$
30
    
$
35
  

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 three to nine months.