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Investment in Affiliate
9 Months Ended
Jun. 30, 2013
Investment in Affiliate [Abstract]  
Investment in Affiliate

Note 10.

Investment in Affiliate

On April 15, 2013, the Company executed a Subscription Agreement for the purchase of 4,800 Class A Units of Bad Daddy's Franchise Development, LLC (BDFD), representing a 48% non-controlling voting membership interest in BDFD, for the aggregate subscription price of $750,000.  The subscription price is payable in two equal installments, the first $375,000 installment was paid on the date of execution of the Subscription Agreement, and the remaining $375,000 installment will be due on or before the six month anniversary of the date of execution of the Subscription Agreement.

The Company accounts for this investment using the equity method. Thus, during the third quarter of fiscal 2013, the Company recorded its portion of the initial investment in BDFD of $375,000. For the three months ending June 30, 2013 the Company recorded a net loss of $23,000 for its share of the joint venture's operating results.  The carrying value at June 30, 2013 was $352,000, which is represented as Investment in Affiliate in the accompanying condensed consolidated balance sheets.