Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v2.4.0.6
Acquisitions (Tables)
12 Months Ended
Sep. 30, 2012
Ashley Ellis, LLC [Member]
 
Business Acquisition [Line Items]  
Schedule of total consideration
In connection with the transactions contemplated by the Ashley Ellis Asset Purchase Agreement, on August 31, 2011, the Company and Ashley Ellis entered into a registration rights agreement (the "Registration Rights Agreement"), pursuant to which Ashley Ellis was granted certain piggyback registration rights with respect to the Shares to be issued to Ashley Ellis under the Ashley Ellis Asset Purchase Agreement.  The Registration Rights Agreement contains certain indemnification provisions for the benefit of the Company and Ashley Ellis and other customary provisions.  The total consideration is summarized as follows:

In Thousands
 
 
 
 
 
 
Stock consideration
 
$
331
 
Cash consideration
 
 
400
 
 
 
 
 
Total consideration for acquisition
 
$
731
 

Schedule of fair value of the assets acquired and liabilities assumed at the date of closing
The following table summarizes the approximate fair value of the assets acquired and liabilities assumed at the date of closing.

In Thousands
 
 
 
 
 
 
Property and Equipment
 
$
114
 
Intangible assets – trade name
 
 
17
 
Intangible assets – customer relationships
 
 
577
 
Goodwill
 
 
23
 
 
 
 
 
Total fair value of assets acquired
 
$
731
 

DMCC Staffing, LLC and RFFG of Cleveland, LLC [Member]
 
Business Acquisition [Line Items]  
Schedule of total consideration
The total consideration is summarized as follows:

In Thousands
 
 
 
 
 
 
Stock consideration
 
$
2,400
 
Earn-out consideration
 
 
2,198
 
 
 
 
 
Total consideration for acquisition
 
$
4,598
 
 
Schedule of fair value of the assets acquired and liabilities assumed at the date of closing
The following table summarizes the approximate fair value of the assets acquired and liabilities assumed at the date of closing.

In Thousands
 
 
 
 
 
 
Property and equipment
 
$
5
 
Intangible assets - management agreement
 
 
1,396
 
Intangible assets - customer relationships
 
 
2,113
 
Goodwill
 
 
1,084
 
 
 
 
 
Total fair value of assets acquired
 
$
4,598