Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v2.4.0.8
Discontinued Operations
 9 Months Ended
Jun. 30, 2014
Discontinued Operations [Abstract]  
Discontinued Operations
12. Discontinued Operations

As of July 7, 2013, the Company’s Board of Directors 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
June 30,
    
Nine Months Ended
June 30,
  
(In Thousands)
2014
  
2013
    
2014
    
2013
  
 
 
   
   
 
 
 
   
   
 
 
 
   
   
 
Discontinued Operations
 
   
   
 
Agricultural services revenue – net
  
$
-
    
$
2,840
    
$
-
    
$
6,596
  
Agricultural services gross margin
    
0
%
    
3.0
%
    
0
%
    
3.4
%
Agricultural services net loss
    
-
      
(169
)
    
-
      
(219
)
Accounts receivable net – Agricultural services
  
$
229
    
$
1,078
    
$
229
    
$
1,078
  
Fixed assets – Agricultural services
    
-
      
14
      
-
      
14
  
Total assets – Agricultural services
  
$
229
    
$
1,092
    
$
229
    
$
1,092
  
Total liabilities – Agricultural services
  
$
-
    
$
415
    
$
-
    
$
415
  

The Company expects to collect the receivables over a period of the next three months.