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Investment in Affiliate
3 Months Ended
Dec. 31, 2014
Investment in Affiliate [Abstract]  
Investment in Affiliate

Note 12.

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 was 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 was paid in December 2013.

The Company accounts for this investment using the equity method. For the three month periods ending December 31, 2014 and 2013 the Company recorded net income of $1,000 and a net loss of ($72,000), respectively, for its share of BDFD's operating results. The carrying value at December 31, 2014 was $503,000, which is represented as Investment in Affiliate in the accompanying condensed consolidated balance sheets.