Daily Journal (DJCO) 10-Q 12 May 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Mar. 31, 2022	Apr. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0000783412
Entity Registrant Name	DAILY JOURNAL CORPORATION
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	0-14665
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	95-4133299
Entity Address, Address Line One	915 East First Street
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90012-4050
City Area Code	213
Local Phone Number	229-5300
Title of 12(b) Security	Common Stock
Trading Symbol	DJCO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,380,746

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2022	Sep. 30, 2021
Current assets
Cash and cash equivalents	$ 5,285,000	$ 12,596,000
Restricted cash	2,044,000	2,043,000
Marketable securities at fair value -- common stocks	354,521,000	347,573,000
Accounts receivable, less allowance for doubtful accounts of $250,000 at March 31, 2022 and September 30, 2021	7,333,000	9,524,000
Inventories	51,000	43,000
Income tax receivable	3,501,000
Prepaid expenses and other current assets	568,000	557,000
Total current assets	373,303,000	372,336,000
Property, plant and equipment, at cost
Land, buildings and improvements	16,440,000	16,499,000
Furniture, office equipment and computer software	1,691,000	1,688,000
Machinery and equipment	1,524,000	1,524,000
Property, Plant and Equipment, Gross, Ending Balance	19,655,000	19,711,000
Less accumulated depreciation	(9,874,000)	(9,706,000)
Property, Plant and Equipment, Net, Total	9,781,000	10,005,000
Operating lease right-of-use assets	156,000	215,000
Deferred income taxes	6,850,000	8,021,000
Assets, Total	390,090,000	390,577,000
Current liabilities
Accounts payable	3,959,000	4,239,000
Accrued liabilities	4,453,000	6,052,000
Income tax payable		6,244,000
Note payable collateralized by real estate	150,000	147,000
Total current liabilities	24,379,000	34,012,000
Long term liabilities
Investment margin account borrowings	75,000,000	32,000,000
Note payable collateralized by real estate	1,355,000	1,431,000
Deferred maintenance agreements and others	544,000	995,000
Accrued liabilities	1,281,000	3,383,000
Deferred income taxes	53,825,000	64,115,000
Total long term liabilities	132,005,000	101,924,000
Commitments and contingencies (Notes 9 and 10)
Shareholders' equity
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued	0	0
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at March 31, 2022 and September 30, 2021	14,000	14,000
Additional paid-in capital	1,755,000	1,755,000
Retained earnings	231,937,000	252,872,000
Total shareholders' equity	233,706,000	254,641,000
Liabilities and Equity, Total	390,090,000	390,577,000
Subscription and Circulation [Member]
Current liabilities
Deferred revenue	2,538,000	2,694,000
Professional Fees [Member]
Current liabilities
Deferred revenue	6,194,000	5,498,000
License and Maintenance [Member]
Current liabilities
Deferred revenue	$ 7,085,000	$ 9,138,000

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2022	Sep. 30, 2021
Accounts receivable, allowance for doubtful accounts	$ 250,000	$ 250,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, shares issued (in shares)	1,805,053	1,805,053
Common stock, treasury shares (in shares)	424,307	424,307

Consolidated Statements of (Los

Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Revenues
Revenue from Contract with Customer, Including Assessed Tax	$ 10,717,000	$ 13,970,000	$ 22,245,000	$ 24,390,000
Costs and expenses
Salaries and employee benefits	8,847,000	8,896,000	17,324,000	17,038,000
(Decrease) increase to the long-term supplemental compensation accrual	(1,920,000)	1,005,000	(2,050,000)	755,000
(Decrease) increase to the long-term supplemental compensation accrual	1,920,000	(1,005,000)	2,050,000	(755,000)
Outside services	914,000	719,000	1,838,000	1,442,000
Postage and delivery expenses	164,000	161,000	327,000	330,000
Newsprint and printing expenses	196,000	153,000	355,000	307,000
Depreciation and amortization	124,000	115,000	228,000	230,000
Equipment maintenance and software	378,000	395,000	618,000	648,000
Credit card merchant discount fees	409,000	485,000	820,000	935,000
Rent expenses	58,000	90,000	123,000	162,000
Accounting and legal fees	222,000	144,000	542,000	494,000
Other general and administrative expenses	952,000	502,000	1,691,000	1,059,000
Total operating expenses	10,344,000	12,665,000	21,816,000	23,400,000
Income from operations	373,000	1,305,000	429,000	990,000
Other income (expense)
Dividends and interest income	2,113,000	649,000	2,988,000	1,287,000
Realized (losses) gains on sales of marketable securities	(32,445,000)	18,478,000	14,249,000	18,478,000
Net unrealized losses on marketable securities	(8,321,000)	(5,144,000)	(44,409,000)	76,068,000
(Loss) income before income taxes	(38,443,000)	15,211,000	(27,005,000)	96,661,000
Income tax benefits (provisions)	10,630,000	(2,735,000)	6,070,000	(24,915,000)
Net (loss) income	$ (27,813,000)	$ 12,476,000	$ (20,935,000)	$ 71,746,000
Weighted average number of common shares outstanding - basic and diluted (in shares)	1,380,746	1,380,746	1,380,746	1,380,746
Basic and diluted net (loss) income per share (in dollars per share)	$ (20.14)	$ 9.04	$ (15.16)	$ 51.96
Comprehensive (loss) income	$ (27,813,000)	$ 12,476,000	$ (20,935,000)	$ 71,746,000
Net unrealized losses (gains) on marketable securities	8,321,000	5,144,000	44,409,000	(76,068,000)
Margin Account [Member]
Other income (expense)
Interest expense on debt	(150,000)	(64,000)	(236,000)	(128,000)
Real Estate Bank Loan Secured by Logan Office [Member]
Costs and expenses
(Decrease) increase to the long-term supplemental compensation accrual	(1,920,000)	1,005,000
(Decrease) increase to the long-term supplemental compensation accrual	1,920,000	(1,005,000)
Other income (expense)
Interest expense on debt	(13,000)	(13,000)	(26,000)	(34,000)
Advertising [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	1,896,000	1,762,000	3,690,000	3,454,000
Subscription and Circulation [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	1,072,000	1,129,000	2,182,000	2,332,000
Advertising Service Fees and Other [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	743,000	568,000	1,413,000	1,202,000
License and Maintenance [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	4,608,000	6,355,000	9,088,000	11,388,000
Consulting Fees [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	669,000	2,305,000	2,430,000	2,549,000
Service, Other [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	$ 1,729,000	$ 1,851,000	$ 3,442,000	$ 3,465,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Sep. 30, 2020	1,805,053	(424,307)
Balance at Sep. 30, 2020	$ 18,000	$ (4,000)	$ 1,755,000	$ 139,972,000	$ 141,741,000
Net income (loss)				59,270,000	59,270,000
Balance (in shares) at Dec. 31, 2020	1,805,053	(424,307)
Balance at Dec. 31, 2020	$ 18,000	$ (4,000)	1,755,000	199,242,000	201,011,000
Balance (in shares) at Sep. 30, 2020	1,805,053	(424,307)
Balance at Sep. 30, 2020	$ 18,000	$ (4,000)	1,755,000	139,972,000	141,741,000
Net income (loss)					71,746,000
Balance (in shares) at Mar. 31, 2021	1,805,053	(424,307)
Balance at Mar. 31, 2021	$ 18,000	$ (4,000)	1,755,000	211,718,000	213,487,000
Balance (in shares) at Dec. 31, 2020	1,805,053	(424,307)
Balance at Dec. 31, 2020	$ 18,000	$ (4,000)	1,755,000	199,242,000	201,011,000
Net income (loss)				12,476,000	12,476,000
Balance (in shares) at Mar. 31, 2021	1,805,053	(424,307)
Balance at Mar. 31, 2021	$ 18,000	$ (4,000)	1,755,000	211,718,000	213,487,000
Balance (in shares) at Sep. 30, 2021	1,805,053	(424,307)
Balance at Sep. 30, 2021	$ 18,000	$ (4,000)	1,755,000	252,872,000	254,641,000
Net income (loss)				6,878,000	6,878,000
Balance (in shares) at Dec. 31, 2021	1,805,053	(424,307)
Balance at Dec. 31, 2021	$ 18,000	$ (4,000)	1,755,000	259,750,000	261,519,000
Balance (in shares) at Sep. 30, 2021	1,805,053	(424,307)
Balance at Sep. 30, 2021	$ 18,000	$ (4,000)	1,755,000	252,872,000	254,641,000
Net income (loss)					(20,935,000)
Balance (in shares) at Mar. 31, 2022	1,805,053	(424,307)
Balance at Mar. 31, 2022	$ 18,000	$ (4,000)	1,755,000	231,937,000	233,706,000
Balance (in shares) at Dec. 31, 2021	1,805,053	(424,307)
Balance at Dec. 31, 2021	$ 18,000	$ (4,000)	1,755,000	259,750,000	261,519,000
Net income (loss)				(27,813,000)	(27,813,000)
Balance (in shares) at Mar. 31, 2022	1,805,053	(424,307)
Balance at Mar. 31, 2022	$ 18,000	$ (4,000)	$ 1,755,000	$ 231,937,000	$ 233,706,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net (loss) income	$ (20,935,000)	$ 71,746,000
Adjustments to reconcile net (loss) income to net cash used in operations
Depreciation and amortization	227,000	230,000
Net unrealized losses (gains) on marketable securities	44,409,000	(76,068,000)
Realized gains on sales of marketable securities	(14,249,000)	(18,478,000)
Deferred income taxes	(9,119,000)	23,227,000
(Increase) decrease in current assets
Accounts receivable, net	2,191,000	(2,702,000)
Inventories	(8,000)	6,000
Prepaid expenses and other assets	(70,000)	129,000
Income tax receivable	(3,501,000)	601,000
Increase (decrease) in liabilities
Accounts payable	(280,000)	(242,000)
Accrued liabilities	(3,583,000)	994,000
Income tax payable	(6,244,000)	1,548,000
Net cash used in operating activities	(13,126,000)	(3,178,000)
Cash flows from investing activities
Proceeds from sales of marketable securities	80,570,000	20,002,000
Purchases of marketable securities	(117,678,000)	(39,995,000)
Purchases of property, plant and equipment	(3,000)	(29,000)
Net cash used in investing activities	(37,111,000)	(20,022,000)
Cash flows from financing activities
Payment to margin loan principal	(14,000)	(14,493,000)
Borrowing from margin loan account	43,014,000	17,000,000
Payment of real estate loan principal	(73,000)	(59,000)
Net cash provided from financing activities	42,927,000	2,448,000
Decrease in cash and restricted cash and cash equivalents	(7,310,000)	(20,752,000)
Cash and restricted cash and cash equivalents
Beginning of period	14,639,000	28,963,000
End of period	7,329,000	8,211,000
Interest paid during period	269,000	163,000
Net income taxes paid (refunded)	12,794,000	(441,000)
Subscription and Circulation [Member]
Increase (decrease) in liabilities
Deferred subscriptions	(156,000)	(398,000)
Professional Fees [Member]
Increase (decrease) in liabilities
Deferred subscriptions	696,000	16,000
License and Maintenance [Member]
Increase (decrease) in liabilities
Deferred subscriptions	$ (2,504,000)	$ (3,787,000)

Note 1 - The Corporation and Op

Note 1 - The Corporation and Operations	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 Daily Journal Corporation (the “Company”) publishes newspapers and websites reporting California and Arizona news and produces several specialized information services. It also serves as a newspaper representative specializing in public notice advertising. This is sometimes referred to as the Company’s “Traditional Business”. Journal Technologies, Inc. (“Journal Technologies”), a wholly-owned subsidiary of the Company, supplies case management software systems and related products to courts, prosecutor and public defender offices, probation departments and other justice agencies, including administrative law organizations, city and county governments and bar associations. These organizations use the Journal Technologies family of products to help manage cases and information electronically, to interface with other critical justice partners and to extend electronic services to the public, including efiling and a website to pay traffic citations and fees online. These products are licensed in approximately 30 Essentially all of the Company’s U.S. operations are based in California, Arizona and Utah. The Company also has a presence in Australia where Journal Technologies is working on three

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Basis of Accounting [Text Block]	Note 2 In the opinion of the Company, the accompanying interim unaudited consolidated financial statements contain all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of its financial position as of March 31, 2022, three six March 31, 2022 2021, six March 31, 2022 2021 six March 31, 2022 2021. six March 31, 2022 not The consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not 10 September 30, 2021. Certain reclassifications of previously reported amounts have been made to conform to the current year’s presentation.

Note 3 - New Accounting Pronoun

Note 3 - New Accounting Pronouncement	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
New Accounting Pronouncement [Text Block]	Note 3 No

Note 4 - Right-of-use (ROU) Ass

Note 4 - Right-of-use (ROU) Asset	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 4 At March 31, 2022, one

Note 5 - Revenue Recognition

Note 5 - Revenue Recognition	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 5 The Company recognizes revenues in accordance with the provisions of ASU No. 2014 09, Revenue from Contracts with Customers (ASC Topic 606 For the Traditional Business, proceeds from the sale of subscriptions for newspapers, court rule books and other publications and other services are recorded as deferred revenue and are included in earned revenue only when the services are provided, generally over the subscription term. Advertising revenues are recognized when advertisements are published and are net of agency commissions. Journal Technologies contracts may one third not third ASC 606 no not Since the Company generally recognizes revenues when it can invoice the customer pursuant to the contract for the value of completed performance, as a practical expedient and because reliable estimates cannot be made, it has elected not not no not

Note 6 - Basic and Diluted Net

Note 6 - Basic and Diluted Net Income Per Share	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 6 The Company does not

Note 7 - Investments in Marketa

Note 7 - Investments in Marketable Securities	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 7 All investments are classified as “Current assets” because they are available for sale at any time. These “available-for-sale” marketable securities are stated at fair value. The Company uses quoted prices in active markets for identical assets (consistent with the Level 1 820, Fair Value Measurement March 31, 2022 September 30, 2021, three one For the six March 31, 2022, In December 2021 March 2022, Investments in marketable securities as of March 31, 2022 September 30, 2021 Investment in Marketable Securities March 31, 2022 September 30, 2021 Aggregate fair value Adjusted cost basis Pretax unrealized gains Aggregate fair value Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 354,521,000 $ 154,837,000 $ 199,684,000 $ 347,573,000 $ 103,480,000 $ 244,093,000

Note 8 - Income Taxes

Note 8 - Income Taxes	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 8 For the six March 31, 2022, six March 31, 2022 For the six March 31, 2021, 2021 six March 31, 2021. six March 31, 2021 The Company files consolidated federal income tax returns in the United States and with various state jurisdictions and is no

Note 9 - Debt and Commitments

Note 9 - Debt and Commitments	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note 9 During fiscal 2013, two March 31, 2022. March 31, 2022 not In November 2015, 1998 October 2020, March 31, 2022. April 2022, The Company also owns its facilities in Los Angeles and leases space for its other offices under operating leases which expire at various dates through October 2023.

Note 10 - Contingencies

Note 10 - Contingencies	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 10 From time to time, the Company is subject to contingencies, including litigation, arising in the normal course of its business. While it is not not

Note 11 - Operating Segments

Note 11 - Operating Segments	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 11 The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. All inter-segment transactions were eliminated. Summarized financial information regarding the Company’s reportable segments is shown in the following table: Overall Financial Results ( 000 For the six March 31 Reportable Segments Traditional Business Journal Technologies Corporate Total 2022 2021 2022 2021 2022 2021 2022 2021 Revenues Advertising $ 3,690 $ 3,454 $ --- $ --- $ --- $ --- $ 3,690 $ 3,454 Circulation 2,182 2,332 --- --- --- --- 2,182 2,332 Advertising service fees and other 1,413 1,202 --- --- --- --- 1,413 1,202 Licensing and maintenance fees --- --- 9,088 11,388 --- --- 9,088 11,388 Consulting fees --- --- 2,430 2,549 --- --- 2,430 2,549 Other public service fees --- --- 3,442 3,465 --- --- 3,442 3,465 Total operating revenues 7,285 6,988 14,960 17,402 --- --- 22,245 24,390 Operating expenses Salaries and employee benefits 4,730 4,606 12,594 12,432 --- --- 17,324 17,038 (Decrease) increase to the long-term supplemental compensation accrual (2,010 ) 755 (40 ) --- --- --- (2,050 ) 755 Others 1,973 1,975 4,569 3,632 --- --- 6,542 5,607 Total operating expenses 4,693 7,336 17,123 16,064 --- --- 21,816 23,400 Income (loss) from operations 2,592 (348 ) (2,163 ) 1,338 --- --- 429 990 Dividends and interest income --- --- --- --- 2,988 1,287 2,988 1,287 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (26 ) (34 ) (26 ) (34 ) Interest expense on margin loans --- --- --- --- (236 ) (128 ) (236 ) (128 ) Gains on sales of marketable securities, net --- --- --- --- 14,249 18,478 14,249 18,478 Net unrealized (losses) gains on marketable securities --- --- --- --- (44,409 ) 76,068 (44,409 ) 76,068 Pretax income (loss) 2,592 (348 ) (2,163 ) 1,338 (27,434 ) 95,671 (27,005 ) 96,661 Income tax (expense) benefit (560 ) 160 705 (325 ) 5,925 (24,750 ) 6,070 (24,915 ) Net income (loss) $ 2,032 $ (188 ) $ (1,458 ) $ 1,013 $ (21,509 ) $ 70,921 $ (20,935 ) $ 71,746 Total assets $ 19,924 $ 14,586 $ 15,830 $ 21,639 $ 354,336 $ 294,420 $ 390,090 $ 330,645 Capital expenditures --- $ 22 $ 3 $ 7 --- --- $ 3 $ 29 Overall Financial Results ( 000 For the three March 31 Reportable Segments Traditional Business Journal Technologies Corporate Total 2022 2021 2022 2021 2022 2021 2022 2021 Revenues Advertising $ 1,896 $ 1,762 $ --- $ --- $ --- $ --- $ 1,896 $ 1,762 Circulation 1,072 1,129 --- --- --- --- 1,072 1,129 Advertising service fees and other 743 568 --- --- --- --- 743 568 Licensing and maintenance fees --- --- 4,608 6,355 --- --- 4,608 6,355 Consulting fees --- --- 669 2,305 --- --- 669 2,305 Other public service fees --- --- 1,729 1,851 --- --- 1,729 1,851 Total operating revenues 3,711 3,459 7,006 10,511 --- --- 10,717 13,970 Operating expenses Salaries and employee benefits 2,415 2,436 6,432 6,460 --- --- 8,847 8,896 (Decrease) increase to the long-term supplemental compensation accrual (1,920 ) 1,005 --- --- --- --- (1,920 ) 1,005 Others 1,130 914 2,287 1,850 --- --- 3,417 2,764 Total operating expenses 1,625 4,355 8,719 8,310 --- --- 10,344 12,665 Income (loss) from operations 2,086 (896 ) (1,713 ) 2,201 --- --- 373 1,305 Dividends and interest income --- --- --- --- 2,113 649 2,113 649 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (13 ) (13 ) (13 ) (13 ) Interest expense on margin loans --- --- --- --- (150 ) (64 ) (150 ) (64 ) (Losses) gains on sales of marketable securities --- --- --- --- (32,445 ) 18,478 (32,445 ) 18,478 Net unrealized losses on marketable securities --- --- --- --- (8,321 ) (5,144 ) (8,321 ) (5,144 ) Pretax income (loss) 2,086 (896 ) (1,713 ) 2,201 (38,816 ) 13,906 (38,443 ) 15,211 Income tax (expense) benefit (355 ) 270 455 (730 ) 10,530 (2,275 ) 10,630 (2,735 ) Net income (loss) $ 1,731 $ (626 ) $ (1,258 ) $ 1,471 $ (28,286 ) $ 11,631 $ (27,813 ) $ 12,476 Total assets $ 19,924 $ 14,586 $ 15,830 $ 21,639 $ 354,336 $ 294,420 $ 390,090 $ 330,645 Capital expenditures --- $ 22 $ 3 $ 7 --- --- $ 3 $ 29 During the six March 31, 2022, During the three March 31, 2022, Approximately 67% of the Company’s revenues during the six March 31, 2022 six March 31, 2022.

Note 12 - Subsequent Events

Note 12 - Subsequent Events	6 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	Note 12 The Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that no

Note 7 - Investments in Marke_2

Note 7 - Investments in Marketable Securities (Tables)	6 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	March 31, 2022 September 30, 2021 Aggregate fair value Adjusted cost basis Pretax unrealized gains Aggregate fair value Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 354,521,000 $ 154,837,000 $ 199,684,000 $ 347,573,000 $ 103,480,000 $ 244,093,000

Note 11 - Operating Segments (T

Note 11 - Operating Segments (Tables)	6 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Reportable Segments Traditional Business Journal Technologies Corporate Total 2022 2021 2022 2021 2022 2021 2022 2021 Revenues Advertising $ 3,690 $ 3,454 $ --- $ --- $ --- $ --- $ 3,690 $ 3,454 Circulation 2,182 2,332 --- --- --- --- 2,182 2,332 Advertising service fees and other 1,413 1,202 --- --- --- --- 1,413 1,202 Licensing and maintenance fees --- --- 9,088 11,388 --- --- 9,088 11,388 Consulting fees --- --- 2,430 2,549 --- --- 2,430 2,549 Other public service fees --- --- 3,442 3,465 --- --- 3,442 3,465 Total operating revenues 7,285 6,988 14,960 17,402 --- --- 22,245 24,390 Operating expenses Salaries and employee benefits 4,730 4,606 12,594 12,432 --- --- 17,324 17,038 (Decrease) increase to the long-term supplemental compensation accrual (2,010 ) 755 (40 ) --- --- --- (2,050 ) 755 Others 1,973 1,975 4,569 3,632 --- --- 6,542 5,607 Total operating expenses 4,693 7,336 17,123 16,064 --- --- 21,816 23,400 Income (loss) from operations 2,592 (348 ) (2,163 ) 1,338 --- --- 429 990 Dividends and interest income --- --- --- --- 2,988 1,287 2,988 1,287 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (26 ) (34 ) (26 ) (34 ) Interest expense on margin loans --- --- --- --- (236 ) (128 ) (236 ) (128 ) Gains on sales of marketable securities, net --- --- --- --- 14,249 18,478 14,249 18,478 Net unrealized (losses) gains on marketable securities --- --- --- --- (44,409 ) 76,068 (44,409 ) 76,068 Pretax income (loss) 2,592 (348 ) (2,163 ) 1,338 (27,434 ) 95,671 (27,005 ) 96,661 Income tax (expense) benefit (560 ) 160 705 (325 ) 5,925 (24,750 ) 6,070 (24,915 ) Net income (loss) $ 2,032 $ (188 ) $ (1,458 ) $ 1,013 $ (21,509 ) $ 70,921 $ (20,935 ) $ 71,746 Total assets $ 19,924 $ 14,586 $ 15,830 $ 21,639 $ 354,336 $ 294,420 $ 390,090 $ 330,645 Capital expenditures --- $ 22 $ 3 $ 7 --- --- $ 3 $ 29 Reportable Segments Traditional Business Journal Technologies Corporate Total 2022 2021 2022 2021 2022 2021 2022 2021 Revenues Advertising $ 1,896 $ 1,762 $ --- $ --- $ --- $ --- $ 1,896 $ 1,762 Circulation 1,072 1,129 --- --- --- --- 1,072 1,129 Advertising service fees and other 743 568 --- --- --- --- 743 568 Licensing and maintenance fees --- --- 4,608 6,355 --- --- 4,608 6,355 Consulting fees --- --- 669 2,305 --- --- 669 2,305 Other public service fees --- --- 1,729 1,851 --- --- 1,729 1,851 Total operating revenues 3,711 3,459 7,006 10,511 --- --- 10,717 13,970 Operating expenses Salaries and employee benefits 2,415 2,436 6,432 6,460 --- --- 8,847 8,896 (Decrease) increase to the long-term supplemental compensation accrual (1,920 ) 1,005 --- --- --- --- (1,920 ) 1,005 Others 1,130 914 2,287 1,850 --- --- 3,417 2,764 Total operating expenses 1,625 4,355 8,719 8,310 --- --- 10,344 12,665 Income (loss) from operations 2,086 (896 ) (1,713 ) 2,201 --- --- 373 1,305 Dividends and interest income --- --- --- --- 2,113 649 2,113 649 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (13 ) (13 ) (13 ) (13 ) Interest expense on margin loans --- --- --- --- (150 ) (64 ) (150 ) (64 ) (Losses) gains on sales of marketable securities --- --- --- --- (32,445 ) 18,478 (32,445 ) 18,478 Net unrealized losses on marketable securities --- --- --- --- (8,321 ) (5,144 ) (8,321 ) (5,144 ) Pretax income (loss) 2,086 (896 ) (1,713 ) 2,201 (38,816 ) 13,906 (38,443 ) 15,211 Income tax (expense) benefit (355 ) 270 455 (730 ) 10,530 (2,275 ) 10,630 (2,735 ) Net income (loss) $ 1,731 $ (626 ) $ (1,258 ) $ 1,471 $ (28,286 ) $ 11,631 $ (27,813 ) $ 12,476 Total assets $ 19,924 $ 14,586 $ 15,830 $ 21,639 $ 354,336 $ 294,420 $ 390,090 $ 330,645 Capital expenditures --- $ 22 $ 3 $ 7 --- --- $ 3 $ 29

Note 4 - Right-of-use (ROU) A_2

Note 4 - Right-of-use (ROU) Asset (Details Textual)	Mar. 31, 2022USD ($)
Office Lease Obligations Beyond One Year	$ 51,000
Accrued Liabilities, Current and Noncurrent [Member]
Operating Lease, Liability, Total	$ 156,000

Note 7 - Investments in Marke_3

Note 7 - Investments in Marketable Securities (Details Textual) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021
Marketable Securities, Accumulated Unrealized Gain (Loss)	$ 199,684,000		$ 199,684,000		$ 199,684,000		$ 244,093,000
Marketable Securities, Unrealized Gain (Loss)			(8,321,000)	$ (5,144,000)	(44,409,000)	$ 76,068,000
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale, Total	80,570,000	$ 80,570,000			80,570,000	20,002,000
Marketable Securities, Realized Gain (Loss)	14,249,000	14,249,000	$ (32,445,000)	$ 18,478,000	14,249,000	18,478,000
Borrowed Funds from Margin Loan Account	43,000,000	43,000,000
Payments to Acquire Marketable Securities	$ 117,678,000	$ 117,678,000			$ 117,678,000	$ 39,995,000

Note 7 - Investments in Marke_4

Note 7 - Investments in Marketable Securities - Summary of Investments (Details) - Common Stock [Member] - USD ($)	Mar. 31, 2022	Sep. 30, 2021
Aggregate fair value	$ 354,521,000	$ 347,573,000
Amortized/adjusted cost basis	154,837,000	103,480,000
Pretax net unrealized gains	$ 199,684,000	$ 244,093,000

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Income Tax Expense (Benefit), Total	$ (10,630,000)	$ 2,735,000	$ (6,070,000)	$ 24,915,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	$ (38,443,000)	$ 15,211,000	(27,005,000)	96,661,000
Effective Income Tax Rate Reconciliation, Unrealized Gains (Losses) on Marketable Securities, Amount			(11,971,000)	19,680,000
Effective Income Tax Rate Reconciliation, Realized Gains on Marketable Securities, Amount			3,841,000	4,804,000
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount			740,000
Effective Income Tax Rate Reconciliation, Deduction, Dividends, Amount			125,000	$ 408,000
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount			$ 1,445,000
Effective Income Tax Rate Reconciliation, Percent, Total			22.50%	25.80%
Effective Income Tax Rate Reconciliation before Realized and Unrealized Gains of Marketable Securities, Percent				19.28%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				21.00%
Effective Income Tax Rate Reconciliation, Tax Contingency, State and Local, Amount				$ 23,000
Domestic Tax Authority [Member]
Open Tax Year			2018
State and Local Jurisdiction [Member]
Open Tax Year			2017

Note 9 - Debt and Commitments (

Note 9 - Debt and Commitments (Details Textual)	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2022USD ($)a	Nov. 30, 2015USD ($)ft²a	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2013USD ($)	Sep. 30, 2021USD ($)	Oct. 31, 2020
Investment Margin Account			$ 75,000,000		$ 75,000,000			$ 32,000,000
Payments to Acquire Property, Plant, and Equipment, Total			3,000	$ 29,000	3,000	$ 29,000
Subsequent Event [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Area of Real Estate Property (Square Foot) | a	17,564
Proceeds from Sale of Land Held-for-use	$ 381,000
UTAH | Building [Member]
Area of Real Estate Property (Square Foot) | ft²		30,700
UTAH | Land [Member]
Area of Land (Acre) | a		3.6
Payments to Acquire Property, Plant, and Equipment, Total		$ 1,240,000
Margin Account [Member]
Proceeds from Issuance of Debt					45,500,000		$ 29,500,000
Investment Margin Account			$ 75,000,000		$ 75,000,000
Debt Instrument, Interest Rate, Effective Percentage			1.00%		1.00%
Margin Account [Member] | Fed Funds Rate [Member]
Debt Instrument, Basis Spread on Variable Rate							0.50%
Real Estate Bank Loan Secured by Logan Office [Member]
Loans Payable to Bank, Total		$ 2,260,000	$ 1,500,000		$ 1,500,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.66%							3.33%
Long-term Debt, Term (Year)									10 years
Debt Instrument, Periodic Payment, Total					$ 16,600

Note 11 - Operating Segments (D

Note 11 - Operating Segments (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Revenue from Contract with Customer, Including Assessed Tax	$ 10,717,000	$ 13,970,000	$ 22,245,000	$ 24,390,000
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Non-US [Member]
Concentration Risk, Percentage			4.00%
Traditional Business [Member]
Revenue from Contract with Customer, Including Assessed Tax	3,711,000	3,459,000	$ 7,285,000	6,988,000
Traditional Business [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,639,000	2,330,000	5,103,000	4,656,000
Traditional Business [Member] | Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,072,000	1,129,000	2,182,000	2,332,000
Journal Technologies [Member]
Revenue from Contract with Customer, Including Assessed Tax	7,006,000	10,511,000	$ 14,960,000	$ 17,402,000
Journal Technologies [Member] | Product Concentration Risk [Member] | Revenue Benchmark [Member]
Concentration Risk, Percentage			67.00%	71.00%
Journal Technologies [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,467,000	4,848,000	$ 5,943,000	$ 6,717,000
Journal Technologies [Member] | Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 4,539,000	$ 5,663,000	$ 9,017,000	$ 10,685,000

Note 11 - Operating Segments -

Note 11 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) - USD ($)	1 Months Ended		3 Months Ended				6 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021
Revenue from Contract with Customer, Including Assessed Tax			$ 10,717,000		$ 13,970,000		$ 22,245,000	$ 24,390,000
Salaries and employee benefits			8,847,000		8,896,000		17,324,000	17,038,000
(Decrease) increase to the long-term supplemental compensation accrual			(1,920,000)		1,005,000		(2,050,000)	755,000
Others			3,417,000		2,764,000		6,542,000	5,607,000
Total operating expenses			10,344,000		12,665,000		21,816,000	23,400,000
Income (loss) from operations			373,000		1,305,000		429,000	990,000
Dividends and interest income			2,113,000		649,000		2,988,000	1,287,000
Realized (losses) gains on sales of marketable securities	$ 14,249,000	$ 14,249,000	(32,445,000)		18,478,000		14,249,000	18,478,000
Marketable Securities, Unrealized Gain (Loss)			(8,321,000)		(5,144,000)		(44,409,000)	76,068,000
Pretax income (loss)			(38,443,000)		15,211,000		(27,005,000)	96,661,000
Income tax benefits (provisions)			10,630,000		(2,735,000)		6,070,000	(24,915,000)
Net (loss) income			(27,813,000)	$ 6,878,000	12,476,000	$ 59,270,000	(20,935,000)	71,746,000
Total assets	390,090,000		390,090,000		330,645,000		390,090,000	330,645,000	$ 390,577,000
Capital expenditures			3,000		29,000		3,000	29,000
Net unrealized losses on marketable securities			(8,321,000)		(5,144,000)		(44,409,000)	76,068,000
Real Estate Bank Loan Secured by Logan Office [Member]
(Decrease) increase to the long-term supplemental compensation accrual			(1,920,000)		1,005,000
Interest expense on debt			(13,000)		(13,000)		(26,000)	(34,000)
Margin Account [Member]
Interest expense on debt			(150,000)		(64,000)		(236,000)	(128,000)
Advertising [Member]
Revenue from Contract with Customer, Including Assessed Tax			1,896,000		1,762,000		3,690,000	3,454,000
Subscription and Circulation [Member]
Revenue from Contract with Customer, Including Assessed Tax			1,072,000		1,129,000		2,182,000	2,332,000
Advertising Service Fees and Other [Member]
Revenue from Contract with Customer, Including Assessed Tax			743,000		568,000		1,413,000	1,202,000
License and Maintenance [Member]
Revenue from Contract with Customer, Including Assessed Tax			4,608,000		6,355,000		9,088,000	11,388,000
Consulting Fees [Member]
Revenue from Contract with Customer, Including Assessed Tax			669,000		2,305,000		2,430,000	2,549,000
Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax			1,729,000		1,851,000		3,442,000	3,465,000
Traditional Business [Member]
Revenue from Contract with Customer, Including Assessed Tax			3,711,000		3,459,000		7,285,000	6,988,000
Journal Technologies [Member]
Revenue from Contract with Customer, Including Assessed Tax			7,006,000		10,511,000		14,960,000	17,402,000
Operating Segments [Member] | Traditional Business [Member]
Revenue from Contract with Customer, Including Assessed Tax			3,711,000		3,459,000		7,285,000	6,988,000
Salaries and employee benefits			2,415,000		2,436,000		4,730,000	4,606,000
(Decrease) increase to the long-term supplemental compensation accrual							(2,010,000)	755,000
Others			1,130,000		914,000		1,973,000	1,975,000
Total operating expenses			1,625,000		4,355,000		4,693,000	7,336,000
Income (loss) from operations			2,086,000		(896,000)		2,592,000	(348,000)
Pretax income (loss)			2,086,000		(896,000)		2,592,000	(348,000)
Income tax benefits (provisions)			(355,000)		270,000		(560,000)	160,000
Net (loss) income			1,731,000		(626,000)		2,032,000	(188,000)
Total assets	19,924,000		19,924,000		14,586,000		19,924,000	14,586,000
Capital expenditures					22,000			22,000
Operating Segments [Member] | Traditional Business [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
(Decrease) increase to the long-term supplemental compensation accrual			(1,920,000)
Operating Segments [Member] | Traditional Business [Member] | Advertising [Member]
Revenue from Contract with Customer, Including Assessed Tax			1,896,000		1,762,000		3,690,000	3,454,000
Operating Segments [Member] | Traditional Business [Member] | Subscription and Circulation [Member]
Revenue from Contract with Customer, Including Assessed Tax			1,072,000		1,129,000		2,182,000	2,332,000
Operating Segments [Member] | Traditional Business [Member] | Advertising Service Fees and Other [Member]
Revenue from Contract with Customer, Including Assessed Tax			743,000		568,000		1,413,000	1,202,000
Operating Segments [Member] | Journal Technologies [Member]
Revenue from Contract with Customer, Including Assessed Tax			7,006,000		10,511,000		14,960,000	17,402,000
Salaries and employee benefits			6,432,000		6,460,000		12,594,000	12,432,000
(Decrease) increase to the long-term supplemental compensation accrual							(40,000)
Others			2,287,000		1,850,000		4,569,000	3,632,000
Total operating expenses			8,719,000		8,310,000		17,123,000	16,064,000
Income (loss) from operations			(1,713,000)		2,201,000		(2,163,000)	1,338,000
Pretax income (loss)			(1,713,000)		2,201,000		(2,163,000)	1,338,000
Income tax benefits (provisions)			455,000		(730,000)		705,000	(325,000)
Net (loss) income			(1,258,000)		1,471,000		(1,458,000)	1,013,000
Total assets	15,830,000		15,830,000		21,639,000		15,830,000	21,639,000
Capital expenditures			3,000		7,000		3,000	7,000
Operating Segments [Member] | Journal Technologies [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
(Decrease) increase to the long-term supplemental compensation accrual					1,005,000
Operating Segments [Member] | Journal Technologies [Member] | License and Maintenance [Member]
Revenue from Contract with Customer, Including Assessed Tax			4,608,000		6,355,000		9,088,000	11,388,000
Operating Segments [Member] | Journal Technologies [Member] | Consulting Fees [Member]
Revenue from Contract with Customer, Including Assessed Tax			669,000		2,305,000		2,430,000	2,549,000
Operating Segments [Member] | Journal Technologies [Member] | Service, Other [Member]
Revenue from Contract with Customer, Including Assessed Tax			1,729,000		1,851,000		3,442,000	3,465,000
Corporate, Non-Segment [Member]
Dividends and interest income			2,113,000		649,000		2,988,000	1,287,000
Realized (losses) gains on sales of marketable securities			(32,445,000)		18,478,000		14,249,000	18,478,000
Marketable Securities, Unrealized Gain (Loss)			(8,321,000)		(5,144,000)		(44,409,000)	76,068,000
Pretax income (loss)			(38,816,000)		13,906,000		(27,434,000)	95,671,000
Income tax benefits (provisions)			10,530,000		(2,275,000)		5,925,000	(24,750,000)
Net (loss) income			(28,286,000)		11,631,000		(21,509,000)	70,921,000
Total assets	$ 354,336,000		354,336,000		294,420,000		354,336,000	294,420,000
Net unrealized losses on marketable securities			(8,321,000)		(5,144,000)		(44,409,000)	76,068,000
Corporate, Non-Segment [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt			(13,000)		(13,000)		(26,000)	(34,000)
Corporate, Non-Segment [Member] | Margin Account [Member]
Interest expense on debt			$ (150,000)		$ (64,000)		$ (236,000)	$ (128,000)