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Discontinued Operations Reporting
 12 Months Ended
Sep. 30, 2011
Discontinued Operations Reporting [Abstract]  
Discontinued Operations Reporting

18. DISCONTINUED OPERATIONS REPORTING

The Company spun-off its wholly-owned subsidiary Parametric Sound Corporation ("Parametric") effective September 27, 2010. The historical results of operations relating to the HSS business have been presented as discontinued operations in the Consolidated Statement of Operations. The current and prior year Consolidated Balance Sheets also identify historical assets and liabilities as well as assets and liabilities retained by the Company to fulfill remaining obligations per the terms of the Separation and Distribution Agreement. Based on the terms of the Separation and Distribution Agreement between Parametric and the Company, the Company had some limited continuing activity with regard to the HSS business after the distribution date which gave rise to continuing cash flows. The Company continued to fulfill some transitional sales of the legacy HSS model H450 product for a short period of time and then cash flows associated with the sales and production of this product are expected to cease.

The components of the Consolidated Statements of Operations which are presented as discontinued operations are as follows:

 

     Years Ended September 30,  
     2011     2010  

Total revenues

    $ 195,097      $ 607,262   

Cost of revenues

      (119,253 )      (452,510 ) 

Operating expenses

      —          (211,754 ) 
  

 

 

    

 

 

  

Total income (loss) from discontinued operations

    $ 75,844      $ (57,002 ) 
  

 

 

    

 

 

  

Income tax (expense) benefit

      (6,390 )      7,941   
  

 

 

    

 

 

  

Income (loss) from discontinued operations

    $ 69,454      $ (49,061 ) 
  

 

 

    

 

 

  

 

The components of the Consolidated Balance Sheets which are presented as discontinued operations were as follows:

 

     September 30,  
     2011      2010  

Assets:

      

Accounts receivable, less allowance of $0 and $222,864 for doubtful accounts

    $ —         $ 41,663   

Inventories, net

      6,250         70,854   
  

 

 

     

 

 

  

Total current assets

    $ 6,250       $ 112,517   
  

 

 

     

 

 

  

Liabilities:

      

Accounts payable

    $ —         $ 16,994   

Customer deposits

      —           2,913   

Payroll and related

      —           3,465   

Warranty reserve

      9,263         29,918   
  

 

 

     

 

 

  

Total current liabilities

    $ 9,263       $ 53,290