Annual report pursuant to Section 13 and 15(d)

Contingencies and Commitments

Contingencies and Commitments
12 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
13. Contingencies and Commitments

On April 22, 2013, the Company finalized an Amendment to the Asset Purchase Agreement by and among DMCC Staffing, LLC, an Ohio limited liability company, RFFG of Cleveland, LLC an Ohio limited liability company (each a "Seller" and together, "Sellers"), the Company, and Triad Personnel Services, Inc., an Illinois corporation and wholly owned subsidiary of the Company.


The Company agreed to pay Sellers additional cash consideration of between $550,000 and $650,000 depending on the length of payments and 110,000 shares of common stock, in full satisfaction of all amounts owed to Seller, related to the Asset Purchase Agreement. The Company issued 110,000 shares of common stock on July 2, 2013, which was valued at approximately $330,000. As of September 30, 2015 the debt related to this asset purchase agreement has been fully paid.