Quarterly report pursuant to Section 13 or 15(d)

Purchase of Applied Optics Products Line (Tables)

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Purchase of Applied Optics Products Line (Tables)
9 Months Ended
Jun. 28, 2015
Purchase Of Applied Optics Products Line [Abstract]  
Schedule of fair value of the acquired assets and assumed liabilities
 
    Fair Values as of
November 3, 2014
 
       
Fixed Assets   $ 2,064.7  
Inventory     940.1  
Prepaid Assets/Other     47.1  
Liabilities     (270.7 )
         
Net Assets Acquired   $ 2,781.2  
         
Intangible Asset:        
Customer Contracts/Backlog     342.2  
Total Assets Acquired   $ 3,123.4  
         
Less: Cash Consideration     (1,013.1 )
         
Gain on Bargain Purchase   $ 2,110.3  
 
Schedule of pro forma condensed balance sheet and revenue and earnings information

 
Unaudited, Pro forma  
    (Thousands, except share data)  
    Three Months Ending     Nine Months Ending  
    June 28,
2015
    June 29,
2014
    June 28,
2015
    June 29,
2014
 
Revenues   $ 2,381     $ 2,548     $ 7,883     $ 10,375  
Net Income (Loss) applicable to common shareholders     (1,363 )     (1,548 )     (6,992 )     (3,560 )
                                 
Diluted earnings per share   $ (0.01 )   $ (0.01 )   $ (0.04 )   $ (0.02 )
                                 
Weighted Average Shares Outstanding     172,320,536       170,913,943       171,382,807       162,949,533