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Note 7 - Assets held for sale
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9 Months Ended |
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Jun. 30, 2012
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| Other Assets Disclosure [Text Block] |
Note
7. Asset held for sale
During
the second quarter of fiscal 2011, the Company received and
accepted a purchase offer for its facility and land in
Aberdeen, South Dakota. The Company had not occupied the
facility since fiscal year 2006. In June, 2011, the Company
completed the sale of the facility and land in the amount
of $725,000. The final proceeds to the Company after
transaction costs were $660,000. We recorded a gain on the
sale of these assets of approximately $37,000 in the third
quarter of fiscal 2011.
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