DISCONTINUED OPERATIONS

9 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 3          DISCONTINUED OPERATIONS

     On June 21, 2012, the Company determined to exit its global retail business and focus solely on growing its OEM business. The decision to eliminate the Retail division was primarily driven by the longer than estimated path to bring it to profitability and the strong growth in net revenues and cost rationalizations in the OEM business. Accordingly, the results of operations for the Retail division have been recorded as discontinued operations in the accompanying condensed consolidated financial statements for the periods presented. The Company has completed its exit of its Retail business. Summarized operating results of discontinued operations are presented in the following table:

	For the Three		For the Nine
	Months Ended		Months Ended
	June 30, 2015		June 30, 2015
Net sales	$	-	$	-
Gross loss		-		-
Operating expenses		-		(1,082)
Other income		-		200,045
Income from discontinued operations, net	$	-	$	198,963

In December 2014, the Company recovered from a third party $200,000 of accounts receivables that had been previously written off, which was recognized as other income during the three months ended December 31, 2014. There was no activity in discontinued operations for the nine months ended June 30, 2016.