Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v2.4.0.8
Discontinued Operations
 3 Months Ended
Dec. 31, 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 an expense of approximately $100,000 was recognized as of June 30, 2013.

  
Three Months Ended
  
  
December,
  
(In Thousands)
   
2013
    
2012
  
 
  
   
 
Discontinued Operations
  
   
 
Agricultural services revenue – net
  
$
-
    
$
1,626
  
Agricultural services gross margin
    
0
 %    
4.50
  %
Agricultural services net loss
    
-
      
(16
)
Accounts receivable net – Agricultural services
  
$
234
    
$
654
  
A Fixed assets – Agricultural services
    
-
          
Total assets – Agricultural services
  
$
234
    
$
654
  
Total liabilities – Agricultural services
  
$
5
    
$
33
  

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.