Quarterly report pursuant to sections 13 or 15(d)

Discontinued Operations

Discontinued Operations
6 Months Ended
Mar. 31, 2012
Discontinued Operations

Note 4: Discontinued Operations


As part of the Company’s strategy to evaluate each of its business segments as separate entities, management noted that the direct sales business segment had incurred operating losses and declining revenues and did not fit with the Company’s change in strategic direction. Accordingly, in March 2011, the Company made the strategic decision to discontinue its direct sales business and product offerings. Prior financial statements have been restated to present the direct sales business segment as a discontinued operation.


The direct sales business segment accounted for no net revenues for both the three and six months ended March 31, 2012 and $513,751 and $1,236,137 of net revenues for the three and six months ended March 31, 2011, respectively. These revenues are included as part of income from discontinued operations, in the accompanying unaudited condensed consolidated statements of operations.