You're counting during the extra second that was awarded. The problem was the timer was not started during the previous double-touch. The timer should've already elapsed by that time.
Why "reluctantly" if the judges were correct in the first place? Anyway, the real crime is the ridiculous random sudden-death coin flip. Whose idea was that?
I get that, if that was not the case, both contendants would stay too much on defense. OTOH if one is declared winner 'by default' in case of a tie, the other is more inclined to attack.
http://www.youtube.com/watch?v=qr_ug9mcu4c