Annual report pursuant to Section 13 and 15(d)

Discontinued Operations

v2.4.1.9
Discontinued Operations
 12 Months Ended
Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

15. Discontinued Operations

As of July 7, 2013, the Board of Directors of the Company determined that the best course of action related to its 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)

    2014     2013  

Discontinued Operations

     

Agricultural services revenue – net

    $ —       $ 6,801  

Agricultural services gross margin

      —          3.3 % 

Agricultural services net loss

      (230 )      (324 ) 

Accounts receivable net – Agricultural services

      —         238  

A Fixed assets – Agricultural services

      —         —    

Total assets – Agricultural services

      —         238  

Total liabilities – Agricultural services

    $ —       $ 30  

The Company has no assets or liabilities related to the discontinued operations as of September 30, 2014.