Annual report pursuant to section 13 and 15(d)

Defined Contribution Plan

v2.4.0.6
Defined Contribution Plan
 12 Months Ended
Sep. 30, 2012
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 13 — Defined Contribution Plan

 

The Company sponsors a defined contribution pension plan under Section 401(k) of the Internal Revenue Code for all employees.  Company contributions are voluntary and are determined annually at the discretion of the Board of Directors at the beginning of each fiscal year. For the fiscal year ending September 30, 2012, the company offered a qualified automatic contribution arrangement (QACA) with a 100% match of the first 1% and 50% matching of the next 5% and a 2 year vesting requirement. For fiscal year ending October 2, 2011 there was no company match offered. The Company’s contribution expense for the fiscal years ended September 30, 2012 and October 2, 2011 $56 thousand and zero, respectively.