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Assets Held for Sale
9 Months Ended
Jun. 30, 2011
Assets Held for Sale
Note 8.           Assets Held for Sale
 
We have classified $1,595,000 as assets held for sale in the accompanying condensed consolidated balance sheet. These costs are related to a site in Firestone, Colorado which has been fully developed. The proceeds of a sale leaseback transaction, if consummated, are required to be used for the reduction of the line of credit payable to PFGI II, LLC. The effect on our operating cash flow is not material as the interest expense on the line of credit is approximately equal to the proposed rental rate on a sale leaseback transaction. We will reevaluate whether to keep the asset classified as held for sale in the coming quarter. Our evaluation will include current economic conditions and the current state of the sale leaseback market. There could be the potential for additional depreciation expense of approximately $90,000 in the fourth quarter of this fiscal year if we reclassify the asset as held and used.