|
RELATED PARTY TRANSACTIONS
|
12 Months Ended | ||
|---|---|---|---|
|
Sep. 30, 2011
|
|||
| Related Party Transactions [Abstract] | |||
| Related Party Transactions Disclosure [Text Block] |
Under a marketing agreement with a company owned by the wife of Beacon’s former president, we provided procurement and installation services as a subcontractor. We earned net sales of approximately $0 and $323 for procurement and installation services provided under this marketing agreement, of which $0 and $198 is recorded as accounts receivable in the accompanying consolidated balance sheets as of September 30, 2011 and 2010.
The Company has obtained insurance through an agency owned by one of its founding stockholders/directors. Insurance expense of $148 and $150 was paid to the agency for the years ended September 30, 2011 and 2010, respectively.
For the year ended September 30, 2011, in connection with a construction bond the Company obtained through an agency owned by one of its founding stockholders/directors, 33,120 warrants were issued to the agency. Using the Black Scholes pricing model, we determined the fair value of the warrants and recorded as an expense of $15.
|