Annual report pursuant to section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 4 - Property and Equipment

A summary of property and equipment at September 30, 2012 and October 2, 2011 is as follows:

		(Thousands)
	Estimated Useful Life	Year Ended September 30, 2012			Year Ended October 2, 2011
Property and Equipment
Furniture and Equipment	3-5yrs	$	253		$	185
Machinery and Equipment	5 yrs		1,077			1,066
Leasehold Improvements	7 yrs		254			237
Less: Accumulated Depreciation			(1,392	)		(1,227	)
Net Property & Equipment		$	192		$	261

Depreciation Expense		$	165		$	66

Depreciation expense included in cost of goods sold and general and administrative expense for fiscal 2012 is $106 thousand and $59 thousand, respectively and included $101 thousand of additional depreciation expense related to changes in net book values and estimated remaining lives. Depreciation expense included in cost of goods sold and general and administrative expense for fiscal 2011 is $36 thousand and $30 thousand, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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