Daily Journal (DJCO) 10-K 27 Dec 23 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2023	Nov. 30, 2023	Mar. 31, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	0-14665
Entity Registrant Name	DAILY JOURNAL CORPORATION
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
City Area Code	213
Local Phone Number	229-5300
Title of 12(b) Security	Common Stock
Trading Symbol	DJCO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
Document Financial Statement Error Correction [Flag]	false
Entity Public Float			$ 379,181,000
Entity Common Stock, Shares Outstanding (in shares)		1,377,026
Auditor Name	Baker Tilly US, LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	23
Entity Central Index Key	0000783412
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Sep. 30, 2022
Current assets
Cash and cash equivalents	$ 21,038,000	$ 13,423,000
Restricted cash	2,100,000	2,045,000
Marketable securities at fair value -- common stocks	303,128,000	275,529,000
Accounts receivable, less allowance for doubtful accounts of $250,000 at September 30, 2023 and 2022	18,687,000	16,931,000
Inventories	72,000	56,000
Prepaid Expense and Other Assets, Current	380,000	451,000
Income tax receivable		1,019,000
Total current assets	345,405,000	309,454,000
Property, plant and equipment, at cost
Land, buildings and improvements	16,400,000	16,330,000
Furniture, office equipment and computer software	1,703,000	1,688,000
Machinery and equipment	1,521,000	1,521,000
Property, Plant and Equipment, Gross	19,624,000	19,539,000
Less accumulated depreciation	(10,264,000)	(9,986,000)
Property, Plant and Equipment, Net	9,360,000	9,553,000
Operating lease right-of-use assets	95,000	104,000
Assets	354,860,000	319,111,000
Current liabilities
Accounts payable	6,643,000	5,062,000
Accrued liabilities	8,789,000	7,066,000
Income tax payable	1,069,000
Note payable collateralized by real estate	158,000	146,000
Total current liabilities	42,198,000	33,619,000
Long term liabilities
Investment margin account borrowings	75,000,000	75,000,000
Note payable collateralized by real estate	1,120,000	1,285,000
Deferred maintenance agreements and others	1,000,000	370,000
Accrued liabilities	4,474,000	4,547,000
Deferred income taxes	30,599,000	25,273,000
Total long-term liabilities	112,193,000	106,475,000
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 428,027 treasury shares, at September 30, 2023 and 2022	14,000	14,000
Additional paid-in capital	1,755,000	1,755,000
Retained earnings	198,700,000	177,248,000
Total shareholders' equity	200,469,000	179,017,000
Liabilities and Equity	354,860,000	319,111,000
Subscription and Circulation [Member]
Current liabilities
Deferred revenue	2,678,000	2,679,000
Professional Fees [Member]
Current liabilities
Deferred revenue	5,828,000	6,394,000
License and Maintenance [Member]
Current liabilities
Deferred revenue	$ 17,033,000	$ 12,272,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
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
Treasury Stock, Common, Shares (in shares)	428,027	428,027

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenues	$ 67,709,000	$ 54,009,000
Costs and expenses
Salaries and employee benefits	43,450,000	36,480,000
(Decrease) increase to the long-term supplemental compensation accrual	(295,000)	1,245,000
Agency commissions	1,018,000	905,000
Outside services	6,768,000	4,456,000
Postage and delivery expenses	684,000	668,000
Newsprint and printing expenses	795,000	739,000
Depreciation and amortization	279,000	379,000
Equipment maintenance and software	1,315,000	1,029,000
Credit card merchant discount fees	1,938,000	1,679,000
Rent expenses	289,000	249,000
Accounting and legal fees	940,000	833,000
Other general and administrative expenses	3,876,000	3,358,000
Operating Expenses	61,057,000	52,020,000
Income from operations	6,652,000	1,989,000
Other income (expenses)
Net unrealized gains (losses) on investments	17,024,000	(123,401,000)
Dividends and interest income	8,336,000	5,451,000
Gains on sale of land		272,000
Gains on sales of marketable securities, net	422,000	14,249,000
Income (loss) before income taxes	28,102,000	(102,549,000)
(Provision) benefit for income taxes	(6,650,000)	26,925,000
Net income (loss)	$ 21,452,000	$ (75,624,000)
Weighted average number of common shares outstanding - basic and diluted (in shares)	1,377,026	1,379,655
Basic and diluted net income (loss) per share (in dollars per share)	$ 15.58	$ (54.81)
Real Estate Bank Loan Secured by Logan Office [Member]
Other income (expenses)
Interest expense on debt	$ (77,000)	$ (83,000)
Margin Account [Member]
Other income (expenses)
Interest expense on debt	(4,255,000)	(1,026,000)
Advertising [Member]
Revenues	8,955,000	8,591,000
Subscription and Circulation [Member]
Revenues	4,403,000	4,394,000
Advertising Service Fees and Other [Member]
Revenues	2,895,000	2,937,000
License and Maintenance [Member]
Revenues	23,503,000	19,192,000
Consulting Fees [Member]
Revenues	19,776,000	11,865,000
Service, Other [Member]
Revenues	$ 8,177,000	$ 7,030,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($)	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
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
Receipt of donated treasury stock (in shares)		(3,720)
Net income (loss)				(75,624,000)	(75,624,000)
Balance (in shares) at Sep. 30, 2022	1,805,053	(428,027)
Balance at Sep. 30, 2022	$ 18,000	$ (4,000)	1,755,000	177,248,000	179,017,000
Net income (loss)				21,452,000	21,452,000
Balance (in shares) at Sep. 30, 2023	1,805,053	(428,027)
Balance at Sep. 30, 2023	$ 18,000	$ (4,000)	$ 1,755,000	$ 198,700,000	$ 200,469,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Net income (loss)	$ 21,452,000	$ (75,624,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	279,000	379,000
Unrealized (gains) losses on marketable securities	(17,024,000)	123,401,000
Gains on sales of marketable securities, net	(422,000)	(14,249,000)
Gains on sale of land		(272,000)
Stock dividends	(2,978,000)
Deferred income taxes	5,326,000	(30,821,000)
(Increase) decrease in current assets
Accounts receivable, net	(1,756,000)	(7,407,000)
Inventories	(16,000)	(13,000)
Prepaid expenses and other assets	80,000	217,000
Income tax receivable	1,019,000	(1,019,000)
Accounts payable	1,581,000	823,000
Accrued liabilities	1,650,000	2,178,000
Income tax payable		(6,244,000)
Net cash provided from (used in) operating activities	15,084,000	(5,261,000)
Cash flows from investing activities
Sales of marketable securities	2,826,000	80,570,000
Purchases of marketable securities	(10,001,000)	(117,678,000)
Sale of land		381,000
Purchases of property, plant and equipment, net	86,000	36,000
Net cash used in investing activities	(7,261,000)	(36,763,000)
Cash flows from financing activities
Proceeds from margin loan borrowing	6,011,000	43,014,000
Payment to margin loan borrowing	(6,011,000)	(14,000)
Payment of real estate loan principal	(153,000)	(147,000)
Net cash (used in) provided by financing activities	(153,000)	42,853,000
Increase in cash and cash equivalents and restricted cash	7,670,000	829,000
Cash and cash equivalents and restricted cash
Beginning of period	15,468,000	14,639,000
End of year	23,138,000	15,468,000
Interest paid during period	4,269,000	1,053,000
Income taxes paid during year	806,000	11,140,000
Subscription and Circulation [Member]
(Increase) decrease in current assets
Deferred liability	(1,000)	(15,000)
Professional Fees [Member]
(Increase) decrease in current assets
Deferred liability	(566,000)	896,000
License and Maintenance [Member]
(Increase) decrease in current assets
Deferred liability	$ 5,391,000	$ 2,509,000

Note 1 - The Company and Operat

Note 1 - The Company and Operations	12 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. THE COMPANY AND OPERATIONS Daily Journal Corporation (“The Company”) publishes newspapers and websites covering California and Arizona 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 Daily Journal, 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 e-filing and a website to pay traffic citations and fees online. These products are licensed or subscribed to in approximately 30 states, and internationally. 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 software installation projects and in British Columbia, Canada, where the Company established a new wholly-owned subsidiary, Journal Technologies (Canada) Inc., in August 2022.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: Certain reclassifications of previously reported amounts have been made to conform to the current year’s presentation. Concentrations of Credit Risk: The Company maintains the reserve account for estimated losses resulting from the inability of its customers to make required payments. If the financial condition of its customers were to deteriorate or its judgments about their abilities to pay are incorrect, additional allowances might be required and its results of operations could be materially affected. Cash Equivalents: Restricted Cash: Fair Value of Financial Instruments: Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Fair Value Measurement and Disclosures All marketable securities are classified as “Current assets” because they are available for sale at any time. During fiscal 2023, the Company sold part of its marketable securities for approximately $2,826,000, realizing a total net gain of approximately $422,000, and simultaneously bought some additional marketable securities for an aggregated cost of approximately $10,001,000 with additional borrowings of $6,011,000 from the margin loan account. The Company subsequently repaid that $6,011,000, and the balance of the margin loan at year-end was $75,000,000. In addition, the Company received stock dividends in March 2023 worth approximately $2,978,000 from one of the companies in which it holds marketable securities. During the prior fiscal year, the Company sold part of its marketable securities for approximately $80,570,000, realizing a total net gain of approximately $14,249,000, and simultaneously bought some other companies’ marketable securities for an aggregated cost of approximately $117,678,000 with additional borrowings of $43,014,000 from the margin loan account. Investment in Financial Instruments September 30, 2023 September 30, 2022 Aggregate fair value Amortized/Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 303,128,000 $ 165,412,000 $ 137,716,000 $ 275,529,000 $ 154,837,000 $ 120,692,000 Inventories: Property, plant and equipment: Significant expenditures which extend the useful lives of existing assets are capitalized. Maintenance and repair costs are expensed as incurred. Gains or losses on dispositions of assets are reflected in current earnings. Impairment of Long-Lived Assets: Journal Technologies Software Development Costs: The Company believes its process for developing software is essentially completed concurrent with the establishment of technological feasibility, and accordingly, no software development costs have been capitalized to date. Revenue Recognition: 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. Journal Technologies contracts may include several products and services, which are generally distinct and include separate transaction pricing and performance obligations. Most are one-transaction contracts. These current subscription-type contract revenues include (i) implementation consulting fees to configure the system to go-live, (ii) subscription software license, maintenance (including updates and upgrades) and support fees, and (iii) third-party hosting fees when used. Revenues for consulting are recognized at point of delivery (go-live) upon completion of services. These contracts include assurance warranty provisions for limited periods and do not include financing terms. For some contracts, the Company acts as a principal with respect to certain services, such as data conversion, interfaces and hosting that are provided by third-parties, and recognizes such revenues on a gross basis. For legacy contracts with perpetual license arrangements, licenses and consulting services are recognized at point of delivery (go-live), and maintenance revenues are recognized ratably after the go-live. Other public service fees are earned and recognized as revenues when the Company processes credit card payments on behalf of the courts via its websites through which the public can e-file cases and pay traffic citations and other fees. The adoption of ASC 606 also requires the capitalization of certain costs of obtaining contracts, specifically sales commissions which are to be amortized over the expected term of the contracts. For its software contracts, the Company incurs an immaterial amount of sales commission costs which have no significant impact on the Company’s financial condition and results of operations. In addition, the Company’s implementation and fulfillment costs do not meet all criteria required for capitalization. Since the Company 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 to include the transaction price allocated to unsatisfied performance obligations. Furthermore, there are no fulfillment costs to be capitalized for the software contracts because these costs do not generate or enhance resources that will be used in satisfying future performance obligations. Approximately 76% and 71% of the Company’s revenues in fiscal 2023 and 2022, respectively, were derived from sales of software licenses, annual software licenses, maintenance and support agreements and consulting services that typically include implementation and training. The change in allowance for doubtful accounts is as follows: Allowance for Doubtful Accounts Description Balance at Beginning of Year Additions charged to Costs and Expenses Accounts charged off less Recoveries Balance at End of Year Fiscal 2023 Allowance for doubtful accounts $ 250,000 $ 8,000 $ (8,000 ) $ 250,000 Fiscal 2022 Allowance for doubtful accounts $ 250,000 $ 18,000 $ (18,000 ) $ 250,000 Management Incentive Plan: ten Certificate interests entitled participants to receive 4.71% and 5.15% (amounting to $388,450 and $474,300, respectively) of Daily Journal non-consolidated income before taxes, workers’ compensation, supplemental compensation and certain other items, 22.2% and 21.7% (amounting to $1,491,840 and $455,700, respectively) for Journal Technologies and 8.86% and 11.69% (amounting to $1,260,800 and $1,295,540, respectively) for Daily Journal consolidated in fiscal 2023 and 2022, respectively. The Company accrued $4,230,000 and $4,525,000 as of September 30, 2023 and 2022, respectively, for the Incentive Plan’s future commitment for those who will still have Certificates at the age of 65. This future commitment included a decrease in the accrual in fiscal 2023 of $295,000 (or -$.21 per outstanding share on a pretax basis), primarily due to no new grants of Certificates or replacement of expired Certificates under this Incentive Plan because of the pause mentioned above, as compared with an increase in fiscal 2022 of $1,245,000 (or $.90 per outstanding share). The estimated Incentive Plan's future commitment is calculated based on an average of the past year and the current year pretax earnings before certain items, discounted to the present value at 6% because each granted Certificate will expire over its remaining life term of up to 10 years. Income taxes: Treasury stock and net income (loss) per common share: In June 2022, the Company received from Charles T. Munger 3,720 shares of Daily Journal common stock as his gracious personal gift (worth approximately $1 million on the date of the gift) for the purpose of establishing a new senior management equity incentive plan, which is still under consideration and has yet to be established. These donated shares were considered treasury stock, and the Company accounted for them using the par method which resulted in an immaterial effected amount on Treasury Stock and Additional Paid-in Capital. In addition, the number of outstanding shares of the Company was reduced by these 3,720 shares to reflect the actual number of outstanding shares of 1,377,026 at September 30, 2022. The net income (loss) per common share is based on the weighted average number of shares outstanding during each year. The shares used in the calculation were 1,377,026 and 1,379,655 for fiscal 2023 and 2022, respectively. The Company does not have any common stock equivalents, and therefore basic and diluted net income per share is the same. Use of Estimates: Right-of-Use (ROU) Asset Leases (Topic 842) Accrued Liabilities New Accounting Pronouncement: In June 2016, the Financial Accounting Standards Board issued a new Accounting Standards Codification (“ASU”) requiring financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The ASU eliminates the threshold for initial recognition in current U.S. GAAP and reflects an entity’s current estimate of all expected credit losses. The measurement of expected credit losses is based on historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets. The ASU is effective for the Company beginning in the first quarter of fiscal 2024. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. No other new accounting pronouncement issued or effective has had, or is expected to have, a material impact on the Company’s consolidated financial statements.

Note 3 - Income Taxes

Note 3 - Income Taxes	12 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	3. INCOME TAXES The provision (benefit) from income taxes consists of the following: 2023 2022 Current: Federal $ 1,275,000 $ 2,688,000 State 49,000 1,208,000 1,324,000 3,896,000 Deferred: Federal 3,940,000 (23,200,000 ) State 1,386,000 (7,621,000 ) 5,326,000 (30,821,000 ) $ 6,650,000 $ (26,925,000 ) The difference between the statutory federal income tax rate and the Company’s effective rate is summarized below: 2023 2022 Statutory federal income tax rate 21.0 % 21.0 % State franchise taxes (net of federal tax benefit) 5.0 5.7 Effect of state rate change on beginning balance of deferred tax liabilities (1.0 ) (0.7 ) Dividends received deduction (1.6 ) 0.4 Others 0.3 (0.1 ) Effective tax rate 23.7 % 26.3 % The Company’s deferred income tax assets and liabilities were comprised of the following: 2023 2022 Deferred tax assets attributable to: Accrued liabilities, including supplemental compensation and vacation pay accrual $ 1,990,000 $ 1,792,000 Impairment losses on marketable securities (306,000 ) (182,000 ) Bad debt reserves not yet deductible 55,000 56,000 Depreciation and amortization 2,206,000 2,686,000 Deferred revenues 1,068,000 1,316,000 Goodwill 370,000 451,000 Net operating losses 281,000 657,000 Credits and other (3,000 ) 71,000 Total deferred tax assets 5,661,000 6,847,000 Deferred tax liabilities attributable to: Unrealized gains on marketable securities (36,260,000 ) (32,120,000 ) Net deferred income taxes $ (30,599,000 ) $ (25,273,000 ) During fiscal 2023, the Company recorded an income tax provision of $6,650,000 on pretax income of $28,102,000. The income tax provision consisted of tax provisions of $110,000 on the realized gains on marketable securities, $4,140,000 on the unrealized gain on marketable securities, and $2,803,000 on operating income, partially offset by a tax benefit of $403,000 for the dividends received deduction and other permanent differences. Consequently, the overall effective tax rate for fiscal 2023 was 23.7%, after including the taxes on the realized and unrealized gains on marketable securities. During fiscal 2022, the Company recorded an income tax benefit of $26,925,000 on the pretax loss of $102,549,000. The income tax benefit consisted of a tax benefit of $32,840,000 on the unrealized losses on marketable securities and a benefit of $340,000 for the dividends received deduction and other permanent book and tax differences, offset by tax provisions of $3,790,000 on the realized gains on marketable securities, $1,735,000 on income from operations, and $730,000 for the effect of a change in state apportionment on the beginning of the year’s deferred tax liability. Consequently, the overall effective tax rate for fiscal 2022 was 26.3%, after including the taxes on the realized gains and unrealized losses on marketable securities. The Company files consolidated federal income tax returns in the United States and with various state jurisdictions and is no longer subject to examinations for fiscal years before fiscal 2019 with regard to federal income taxes and fiscal 2018 for state income taxes. During fiscal 2021, the Company utilized all of its federal and certain state net operating losses (NOL). California suspended the use of NOLs for fiscal years beginning in 2020 and 2021. During fiscal 2022, the Company utilized $4.2 million of $5.5 million California NOLs. The remaining $1.3 million of California NOLs expire in fiscal years 2038 and 2039. The Company also has NOLs in other states, expiring as follows: Fiscal Year ended (in million) California NOLs Other State NOLs September 30, 2029 through September 30, 2036 $ --- $ .2 September 30, 2037 --- .1 September 30, 2038 .9 .2 September 30, 2039 .4 .1 No expiration --- 2.0 Total $ 1.3 $ 2.6

Note 4 - Debt and Commitments

Note 4 - Debt and Commitments	12 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Commitments Disclosure [Text Block]	4. DEBTS AND COMMITMENTS During fiscal 2013, the Company borrowed from its investment margin account the aggregate purchase price of $29.5 million for two acquisitions, in each case pledging its marketable securities as collateral. In addition, there were subsequent borrowings of $45.5 million to purchase additional marketable securities bringing the margin loan balance up to $75 million as of September 30, 2023. The interest rate for these investment margin account borrowings fluctuates based on the Federal Funds Rate plus 50 basis points with interest only payable monthly. The interest rate as of September 30, 2023 was 6%, and it may increase in the future, particularly if the Federal Reserve continues to increase interest rates to help combat inflation. These investment margin account borrowings do not mature. In November 2015, the Company purchased a 30,700 square foot office building constructed in 1998 on about 3.6 acres in Logan, Utah that had been previously leased for Journal Technologies. The Company paid $1.24 million and financed the balance with a real estate bank loan of $2.26 million which had a fixed interest rate of 4.66%. This loan is secured by the Logan facility and can be paid off at any time without prepayment penalty. In October 2020, the Company executed an amendment to lower the interest rate of this loan to a fixed rate of 3.33% for the remaining 10 years. This real estate loan had a balance of approximately $1.28 million as of September 30, 2023. Each monthly installment payment is approximately $16,700. In April 2022, the Company sold approximately 17,564 square feet of the land along the front of its Logan building to the City of Logan for approximately $381,000 in connection with the City of Logan’s street widening project. (In October 2022, the Company again amended this real estate loan contract as the bank transferred its index to Secured Overnight Financing Rate from London Interbank Offered Rate which was ceased by the Federal Reserve and the Alternative Reference Rates Committee in the United States. The term of the loan, including the interest rate and the balance, remains unchanged.) 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 2025. The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to the leased properties. Rental expenses, inclusive of these expenses, for fiscal years 2023 and 2022 were $289,000 and $249,000, respectively. Effective January 1, 2023, the Company began sponsoring a 401(k) retirement plan and a 409(A) non-qualified deferred compensation plan for its employees. As of September 30, 2023, there were deferred compensation liabilities of approximately $200,000 of which $162,000 were held under a trust account for the 409(A) plan. The following table represents the Company’s future obligations: Payments due by Fiscal Year 2024 2025 2026 2027 2028 2029 and after Total Real estate loan $ 158,000 $ 164,000 $ 169,000 $ 175,000 $ 181,000 $ 431,000 $ 1,278,000 Obligations under operating leases 107,000 37,000 3,000 --- --- --- 147,000 Non-qualified deferred compensation 409(A) plan --- 200,000 --- --- --- --- 200,000 Long-term accrued liabilities* --- 1,747,000 758,000 746,000 426,000 553,000 4,230,000 $ 265,000 $ 2,148,000 $ 930,000 $ 921,000 $ 607,000 $ 984,000 $ 5,855,000 * The long-term accrued liabilities for the Management Incentive Plan are discounted to the present value using a discount rate of 6%.

Note 11 - Contingencies

Note 11 - Contingencies	12 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	5. CONTINGENCIES From time to time, the Company is subject to litigation arising in the normal course of its business. While it is not possible to predict the results of such litigation, management does not believe the ultimate outcome of these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Note 6 - Reportable Segments

Note 6 - Reportable Segments	12 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	6. REPORTABLE SEGMENTS An operating segment is defined as a component of an enterprise which has discrete financial information that is evaluated regularly by the Company’s Chief Executive Officer to decide how to allocate resources and to assess performance. In accordance with ASC 280-10, Segment Reporting Additional detail about each of the reportable segments and its corporate income and expenses is set forth below: Overall Financial Results (000) For the twelve months ended September 30 Reportable Segments Traditional Business Journal Technologies Corporate Total 2023 2022 2023 2022 2023 2022 2023 2022 Revenues Advertising $ 8,955 $ 8,591 $ --- $ --- $ --- $ --- $ 8,955 $ 8,591 Circulation 4,403 4,394 --- --- --- --- 4,403 4,394 Advertising service fees and other 2,895 2,937 --- --- --- --- 2,895 2,937 Licensing and maintenance fees --- --- 23,503 19,192 --- --- 23,503 19,192 Consulting fees --- --- 19,776 11,865 --- --- 19,776 11,865 Other public service fees --- --- 8,177 7,030 --- --- 8,177 7,030 Total operating revenues 16,253 15,922 51,456 38,087 --- --- 67,709 54,009 Operating expenses Salaries and employee benefits 10,416 9,618 33,034 26,862 --- --- 43,450 36,480 (Decrease) increase to the long-term Supplemental compensation accrual (470 ) 1,130 175 115 --- --- (295 ) 1,245 Others 3,923 4,472 13,979 9,823 --- --- 17,902 14,295 Total operating expenses 13,869 15,220 47,188 36,800 --- --- 61,057 52,020 Income from operations 2,384 702 4,268 1,287 --- --- 6,652 1,989 Dividends and interest income --- --- --- --- 8,336 5,451 8,336 5,451 Gains on sale of land --- --- --- --- --- 272 --- 272 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (77 ) (83 ) (77 ) (83 ) Interest expense on margin loans --- --- --- --- (4,255 ) (1,026 ) (4,255 ) (1,026 ) Gains on sales of marketable securities, net --- --- --- --- 422 14,249 422 14,249 Net unrealized gains (losses) on marketable securities --- --- --- --- 17,024 (123,401 ) 17,024 (123,401 ) Pretax income (loss) 2,384 702 4,268 1,287 21,450 (104,538 ) 28,102 (102,549 ) Income tax (expense) benefit (520 ) (185 ) (1,450 ) (205 ) (4,680 ) 27,315 (6,650 ) 26,925 Net income (loss) $ 1,864 $ 517 $ 2,818 $ 1,082 $ 16,770 $ (77,223 ) $ 21,452 $ (75,624 ) Total assets $ 18,744 $ 22,743 $ 33,100 $ 27,868 $ 303,016 $ 268,500 $ 354,860 $ 319,111 Capital expenditures $ 70 $ 3 $ 16 $ 33 --- --- $ 86 $ 36 During fiscal 2023 and 2022, the Traditional Business had total operating revenues of $16,253,000 and $15,922,000 of which $11,850,000 and $11,528,000, respectively, were recognized after services were provided while $4,403,000 and $4,394,000, respectively, were recognized ratably over the subscription terms. Total operating revenues for the Company’s software business were $51,456,000 and $38,087,000, of which $28,209,000 and $19,459,000, respectively, were recognized upon completion of services while $23,247,000 and $18,628,000, respectively, were recognized ratably over the subscription periods.

Note 13 - Subsequent Events

Note 13 - Subsequent Events	12 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	7. SUBSEQUENT EVENTS The Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that no additional subsequent events occurred that required recognition in the financial statements or disclosures in the Notes to Consolidated Financial Statements, except for the adoptions of a C E O E A C

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Presentation: Certain reclassifications of previously reported amounts have been made to conform to the current year’s presentation.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk: The Company maintains the reserve account for estimated losses resulting from the inability of its customers to make required payments. If the financial condition of its customers were to deteriorate or its judgments about their abilities to pay are incorrect, additional allowances might be required and its results of operations could be materially affected.
Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents:
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash:
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments: Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Fair Value Measurement and Disclosures All marketable securities are classified as “Current assets” because they are available for sale at any time. During fiscal 2023, the Company sold part of its marketable securities for approximately $2,826,000, realizing a total net gain of approximately $422,000, and simultaneously bought some additional marketable securities for an aggregated cost of approximately $10,001,000 with additional borrowings of $6,011,000 from the margin loan account. The Company subsequently repaid that $6,011,000, and the balance of the margin loan at year-end was $75,000,000. In addition, the Company received stock dividends in March 2023 worth approximately $2,978,000 from one of the companies in which it holds marketable securities. During the prior fiscal year, the Company sold part of its marketable securities for approximately $80,570,000, realizing a total net gain of approximately $14,249,000, and simultaneously bought some other companies’ marketable securities for an aggregated cost of approximately $117,678,000 with additional borrowings of $43,014,000 from the margin loan account. Investment in Financial Instruments September 30, 2023 September 30, 2022 Aggregate fair value Amortized/Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 303,128,000 $ 165,412,000 $ 137,716,000 $ 275,529,000 $ 154,837,000 $ 120,692,000
Inventory, Policy [Policy Text Block]	Inventories:
Property, Plant and Equipment, Policy [Policy Text Block]	Property, plant and equipment: Significant expenditures which extend the useful lives of existing assets are capitalized. Maintenance and repair costs are expensed as incurred. Gains or losses on dispositions of assets are reflected in current earnings.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets:
Research, Development, and Computer Software, Policy [Policy Text Block]	Journal Technologies Software Development Costs: The Company believes its process for developing software is essentially completed concurrent with the establishment of technological feasibility, and accordingly, no software development costs have been capitalized to date.
Revenue [Policy Text Block]	Revenue Recognition: 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. Journal Technologies contracts may include several products and services, which are generally distinct and include separate transaction pricing and performance obligations. Most are one-transaction contracts. These current subscription-type contract revenues include (i) implementation consulting fees to configure the system to go-live, (ii) subscription software license, maintenance (including updates and upgrades) and support fees, and (iii) third-party hosting fees when used. Revenues for consulting are recognized at point of delivery (go-live) upon completion of services. These contracts include assurance warranty provisions for limited periods and do not include financing terms. For some contracts, the Company acts as a principal with respect to certain services, such as data conversion, interfaces and hosting that are provided by third-parties, and recognizes such revenues on a gross basis. For legacy contracts with perpetual license arrangements, licenses and consulting services are recognized at point of delivery (go-live), and maintenance revenues are recognized ratably after the go-live. Other public service fees are earned and recognized as revenues when the Company processes credit card payments on behalf of the courts via its websites through which the public can e-file cases and pay traffic citations and other fees. The adoption of ASC 606 also requires the capitalization of certain costs of obtaining contracts, specifically sales commissions which are to be amortized over the expected term of the contracts. For its software contracts, the Company incurs an immaterial amount of sales commission costs which have no significant impact on the Company’s financial condition and results of operations. In addition, the Company’s implementation and fulfillment costs do not meet all criteria required for capitalization. Since the Company 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 to include the transaction price allocated to unsatisfied performance obligations. Furthermore, there are no fulfillment costs to be capitalized for the software contracts because these costs do not generate or enhance resources that will be used in satisfying future performance obligations. Approximately 76% and 71% of the Company’s revenues in fiscal 2023 and 2022, respectively, were derived from sales of software licenses, annual software licenses, maintenance and support agreements and consulting services that typically include implementation and training. The change in allowance for doubtful accounts is as follows: Allowance for Doubtful Accounts Description Balance at Beginning of Year Additions charged to Costs and Expenses Accounts charged off less Recoveries Balance at End of Year Fiscal 2023 Allowance for doubtful accounts $ 250,000 $ 8,000 $ (8,000 ) $ 250,000 Fiscal 2022 Allowance for doubtful accounts $ 250,000 $ 18,000 $ (18,000 ) $ 250,000
Share-Based Payment Arrangement [Policy Text Block]	Management Incentive Plan: ten Certificate interests entitled participants to receive 4.71% and 5.15% (amounting to $388,450 and $474,300, respectively) of Daily Journal non-consolidated income before taxes, workers’ compensation, supplemental compensation and certain other items, 22.2% and 21.7% (amounting to $1,491,840 and $455,700, respectively) for Journal Technologies and 8.86% and 11.69% (amounting to $1,260,800 and $1,295,540, respectively) for Daily Journal consolidated in fiscal 2023 and 2022, respectively. The Company accrued $4,230,000 and $4,525,000 as of September 30, 2023 and 2022, respectively, for the Incentive Plan’s future commitment for those who will still have Certificates at the age of 65. This future commitment included a decrease in the accrual in fiscal 2023 of $295,000 (or -$.21 per outstanding share on a pretax basis), primarily due to no new grants of Certificates or replacement of expired Certificates under this Incentive Plan because of the pause mentioned above, as compared with an increase in fiscal 2022 of $1,245,000 (or $.90 per outstanding share). The estimated Incentive Plan's future commitment is calculated based on an average of the past year and the current year pretax earnings before certain items, discounted to the present value at 6% because each granted Certificate will expire over its remaining life term of up to 10 years.
Income Tax, Policy [Policy Text Block]	Income taxes:
Earnings Per Share, Policy [Policy Text Block]	Treasury stock and net income (loss) per common share: In June 2022, the Company received from Charles T. Munger 3,720 shares of Daily Journal common stock as his gracious personal gift (worth approximately $1 million on the date of the gift) for the purpose of establishing a new senior management equity incentive plan, which is still under consideration and has yet to be established. These donated shares were considered treasury stock, and the Company accounted for them using the par method which resulted in an immaterial effected amount on Treasury Stock and Additional Paid-in Capital. In addition, the number of outstanding shares of the Company was reduced by these 3,720 shares to reflect the actual number of outstanding shares of 1,377,026 at September 30, 2022. The net income (loss) per common share is based on the weighted average number of shares outstanding during each year. The shares used in the calculation were 1,377,026 and 1,379,655 for fiscal 2023 and 2022, respectively. The Company does not have any common stock equivalents, and therefore basic and diluted net income per share is the same.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates:
Lessee, Leases [Policy Text Block]	Right-of-Use (ROU) Asset Leases (Topic 842)
Accrued Liabilities [Policy Text Block]	Accrued Liabilities
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncement: In June 2016, the Financial Accounting Standards Board issued a new Accounting Standards Codification (“ASU”) requiring financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The ASU eliminates the threshold for initial recognition in current U.S. GAAP and reflects an entity’s current estimate of all expected credit losses. The measurement of expected credit losses is based on historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets. The ASU is effective for the Company beginning in the first quarter of fiscal 2024. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. No other new accounting pronouncement issued or effective has had, or is expected to have, a material impact on the Company’s consolidated financial statements.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	September 30, 2023 September 30, 2022 Aggregate fair value Amortized/Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 303,128,000 $ 165,412,000 $ 137,716,000 $ 275,529,000 $ 154,837,000 $ 120,692,000
Valuation and Qualifying Accounts [Table Text Block]	Description Balance at Beginning of Year Additions charged to Costs and Expenses Accounts charged off less Recoveries Balance at End of Year Fiscal 2023 Allowance for doubtful accounts $ 250,000 $ 8,000 $ (8,000 ) $ 250,000 Fiscal 2022 Allowance for doubtful accounts $ 250,000 $ 18,000 $ (18,000 ) $ 250,000

Note 3 - Income Taxes (Tables)

Note 3 - Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2023 2022 Current: Federal $ 1,275,000 $ 2,688,000 State 49,000 1,208,000 1,324,000 3,896,000 Deferred: Federal 3,940,000 (23,200,000 ) State 1,386,000 (7,621,000 ) 5,326,000 (30,821,000 ) $ 6,650,000 $ (26,925,000 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 Statutory federal income tax rate 21.0 % 21.0 % State franchise taxes (net of federal tax benefit) 5.0 5.7 Effect of state rate change on beginning balance of deferred tax liabilities (1.0 ) (0.7 ) Dividends received deduction (1.6 ) 0.4 Others 0.3 (0.1 ) Effective tax rate 23.7 % 26.3 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2023 2022 Deferred tax assets attributable to: Accrued liabilities, including supplemental compensation and vacation pay accrual $ 1,990,000 $ 1,792,000 Impairment losses on marketable securities (306,000 ) (182,000 ) Bad debt reserves not yet deductible 55,000 56,000 Depreciation and amortization 2,206,000 2,686,000 Deferred revenues 1,068,000 1,316,000 Goodwill 370,000 451,000 Net operating losses 281,000 657,000 Credits and other (3,000 ) 71,000 Total deferred tax assets 5,661,000 6,847,000 Deferred tax liabilities attributable to: Unrealized gains on marketable securities (36,260,000 ) (32,120,000 ) Net deferred income taxes $ (30,599,000 ) $ (25,273,000 )
Summary of Operating Loss Carryforwards [Table Text Block]	Fiscal Year ended (in million) California NOLs Other State NOLs September 30, 2029 through September 30, 2036 $ --- $ .2 September 30, 2037 --- .1 September 30, 2038 .9 .2 September 30, 2039 .4 .1 No expiration --- 2.0 Total $ 1.3 $ 2.6

Note 4 - Debt and Commitments (

Note 4 - Debt and Commitments (Tables)	12 Months Ended
	Sep. 30, 2023
Notes Tables
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	Payments due by Fiscal Year 2024 2025 2026 2027 2028 2029 and after Total Real estate loan $ 158,000 $ 164,000 $ 169,000 $ 175,000 $ 181,000 $ 431,000 $ 1,278,000 Obligations under operating leases 107,000 37,000 3,000 --- --- --- 147,000 Non-qualified deferred compensation 409(A) plan --- 200,000 --- --- --- --- 200,000 Long-term accrued liabilities* --- 1,747,000 758,000 746,000 426,000 553,000 4,230,000 $ 265,000 $ 2,148,000 $ 930,000 $ 921,000 $ 607,000 $ 984,000 $ 5,855,000

Note 6 - Reportable Segments (T

Note 6 - Reportable Segments (Tables)	12 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Overall Financial Results (000) For the twelve months ended September 30 Reportable Segments Traditional Business Journal Technologies Corporate Total 2023 2022 2023 2022 2023 2022 2023 2022 Revenues Advertising $ 8,955 $ 8,591 $ --- $ --- $ --- $ --- $ 8,955 $ 8,591 Circulation 4,403 4,394 --- --- --- --- 4,403 4,394 Advertising service fees and other 2,895 2,937 --- --- --- --- 2,895 2,937 Licensing and maintenance fees --- --- 23,503 19,192 --- --- 23,503 19,192 Consulting fees --- --- 19,776 11,865 --- --- 19,776 11,865 Other public service fees --- --- 8,177 7,030 --- --- 8,177 7,030 Total operating revenues 16,253 15,922 51,456 38,087 --- --- 67,709 54,009 Operating expenses Salaries and employee benefits 10,416 9,618 33,034 26,862 --- --- 43,450 36,480 (Decrease) increase to the long-term Supplemental compensation accrual (470 ) 1,130 175 115 --- --- (295 ) 1,245 Others 3,923 4,472 13,979 9,823 --- --- 17,902 14,295 Total operating expenses 13,869 15,220 47,188 36,800 --- --- 61,057 52,020 Income from operations 2,384 702 4,268 1,287 --- --- 6,652 1,989 Dividends and interest income --- --- --- --- 8,336 5,451 8,336 5,451 Gains on sale of land --- --- --- --- --- 272 --- 272 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (77 ) (83 ) (77 ) (83 ) Interest expense on margin loans --- --- --- --- (4,255 ) (1,026 ) (4,255 ) (1,026 ) Gains on sales of marketable securities, net --- --- --- --- 422 14,249 422 14,249 Net unrealized gains (losses) on marketable securities --- --- --- --- 17,024 (123,401 ) 17,024 (123,401 ) Pretax income (loss) 2,384 702 4,268 1,287 21,450 (104,538 ) 28,102 (102,549 ) Income tax (expense) benefit (520 ) (185 ) (1,450 ) (205 ) (4,680 ) 27,315 (6,650 ) 26,925 Net income (loss) $ 1,864 $ 517 $ 2,818 $ 1,082 $ 16,770 $ (77,223 ) $ 21,452 $ (75,624 ) Total assets $ 18,744 $ 22,743 $ 33,100 $ 27,868 $ 303,016 $ 268,500 $ 354,860 $ 319,111 Capital expenditures $ 70 $ 3 $ 16 $ 33 --- --- $ 86 $ 36

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 31, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Restricted Cash and Cash Equivalents			$ 2,100,000	$ 2,045,000
Net income (loss)			21,452,000	(75,624,000)
Net unrealized gains (losses) on investments			17,024,000	(123,401,000)
Net Income (Loss) Attributable to Parent			(21,452,000)	75,624,000
Unrealized Gain (Loss) on Investments			(17,024,000)	123,401,000
Equity Securities, FV-NI, Current			303,128,000	275,529,000
Equity Securities, FV-NI, Unrealized Gain (Loss)			137,716,000	120,692,000
Equity Securities, FV-NI, Unrealized Gain (Loss), Tax			36,260,000	32,120,000
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale			2,826,000	80,570,000
Debt Securities, Available-for-Sale, Realized Gain (Loss)			422,000	14,249,000
Payments to Acquire Marketable Securities			10,001,000	117,678,000
Proceeds from Issuance of Debt			6,011,000	43,014,000
Repayments of Debt			6,011,000
Investment Margin Account			75,000,000	75,000,000
Dividend Income, Operating, Paid in Kind	$ 2,978,000
Depreciation			$ 279,000	$ 379,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period				10 years
Common Stock, Shares, Outstanding				1,377,026
Weighted Average Number of Shares Outstanding, Basic			1,377,026	1,379,655
Operating Lease, Right-of-Use Asset			$ 95,000	$ 104,000
Accrued Liabilities [Member]
Operating Lease, Liability			95,000	$ 104,000
Accrued Liabilities, Current and Noncurrent [Member]
Operating Lease, Liability, Noncurrent			$ 44,000		$ 22,000
Director [Member]
Receipt of Donated Treasury Stock, Shares		3,720
Receipt of Donated Treasury Stock, Value		$ 1,000,000
Measurement Input, Discount Rate [Member]
Incentive Plan Future Commitment, Measurement Input			6%	6%
Management Incentive Plan, Future Commitment [Member]
Other Accrued Liabilities			$ 4,230,000	$ 4,525,000
Increase (Decrease) in Other Accrued Liabilities			$ 295,000	$ (1,245,000)
Other Accrued Liabilities Impact on Earnings Per Share			$ 21	$ (90)
Increase (Decrease) in Other Accrued Liabilities			$ (295,000)	$ 1,245,000
Other Accrued Liabilities Impact on Earnings Per Share			$ (21)	$ 90
Daily Journal Non-Consolidated [Member]
Management Incentive Plan Total Percentage of Pre Tax Earnings			4.71%	5.15%
Management Incentive Plan Total Amount Paid			$ 388,450	$ 474,300
Journal Technologies [Member]
Management Incentive Plan Total Percentage of Pre Tax Earnings			22.20%	21.70%
Management Incentive Plan Total Amount Paid			$ 1,491,840	$ 455,700
Daily Journal Consolidated [Member]
Management Incentive Plan Total Percentage of Pre Tax Earnings			8.86%	11.69%
Management Incentive Plan Total Amount Paid			$ 1,260,800	$ 1,295,540
Product Concentration Risk [Member] | Revenue Benchmark [Member] | License [Member]
Concentration Risk, Percentage			76%	71%
Minimum [Member]
Property, Plant and Equipment, Useful Life			3 years
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life			5 years
Minimum [Member] | Furniture, Office Equipment, and Software [Member]
Property, Plant and Equipment, Useful Life			3 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life			3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life			39 years
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life			39 years
Maximum [Member] | Furniture, Office Equipment, and Software [Member]
Property, Plant and Equipment, Useful Life			5 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life			10 years

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Investment in Financial Instruments (Details) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Marketable securities, fair value	$ 303,128,000	$ 275,529,000
Marketable securities, gross unrealized gains	137,716,000	120,692,000
Common Stock [Member]
Marketable securities, fair value	303,128,000	275,529,000
Marketable securities, amortized cost	165,412,000	154,837,000
Marketable securities, gross unrealized gains	$ 137,716,000	$ 120,692,000

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Allowance for doubtful accounts	$ 250,000	$ 250,000
Allowance for doubtful accounts	8,000	18,000
Allowance for doubtful accounts	(8,000)	(18,000)
Allowance for doubtful accounts	$ 250,000	$ 250,000

Note 3 - Income Taxes (Details

Note 3 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income Tax Expense (Benefit)	$ 6,650,000	$ (26,925,000)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	28,102,000	(102,549,000)
Effective Income Tax Rate Reconciliation, Realized Gains on Marketable Securities, Amount	110,000	3,790,000
Effective Income Tax Rate Reconciliation, Unrealized Gains (Losses) on Marketable Securities, Amount	4,140,000	32,840,000
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	2,803,000	1,735,000
Effective Income Tax Rate Reconciliation, Deduction, Dividends, Amount	$ 403,000	$ 340,000
Effective Income Tax Rate Reconciliation, Percent	23.70%	26.30%
(Provision) benefit for income taxes	$ (6,650,000)	$ 26,925,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ (28,102,000)	102,549,000
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount		730,000
Domestic Tax Authority [Member]
Open Tax Year	2019
State and Local Jurisdiction [Member]
Open Tax Year	2018
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Operating Loss Carryforwards Utilized		4,200,000
Operating Loss Carryforwards		5,500,000
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | Operating Loss Carryforwards, Expire Fiscal Years 2038 and 2039 [Member]
Operating Loss Carryforwards		$ 1,300,000

Note 3 - Income Taxes - Provisi

Note 3 - Income Taxes - Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Federal	$ 1,275,000	$ 2,688,000
State	49,000	1,208,000
Current Income Tax Expense (Benefit)	1,324,000	3,896,000
Federal	3,940,000	(23,200,000)
State	1,386,000	(7,621,000)
Deferred Income Tax Expense (Benefit)	5,326,000	(30,821,000)
Income Tax Expense (Benefit)	$ 6,650,000	$ (26,925,000)

Note 3 - Income Taxes - Summary

Note 3 - Income Taxes - Summary of the Difference Between Statutory Federal Income Tax Rate and Effective Rate (Details)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statutory federal income tax rate	21%	21%
State franchise taxes (net of federal tax benefit)	5%	5.70%
Effect of state rate change on beginning balance of deferred tax liabilities	(1.00%)	(0.70%)
Dividends received deduction	(1.60%)	0.40%
Others	0.30%	(0.10%)
Effective tax rate	23.70%	26.30%

Note 3 - Income Taxes - Deferre

Note 3 - Income Taxes - Deferred Income Taxes (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
Deferred tax assets attributable to:
Accrued liabilities, including supplemental compensation and vacation pay accrual	$ 1,990,000	$ 1,792,000
Impairment losses on marketable securities	(306,000)	(182,000)
Bad debt reserves not yet deductible	55,000	56,000
Depreciation and amortization	2,206,000	2,686,000
Deferred revenues	1,068,000	1,316,000
Goodwill	370,000	451,000
Net operating losses	281,000	657,000
Credits and other	(3,000)	71,000
Total deferred tax assets	5,661,000	6,847,000
Unrealized gains on marketable securities	36,260,000	32,120,000
Net deferred income taxes	$ 30,599,000	$ 25,273,000

Note 3 - Income Taxes - Operati

Note 3 - Income Taxes - Operating Loss Carryforwards (Details) $ in Millions	Sep. 30, 2023 USD ($)
Other State [Member]
Operating Loss Carryforward	$ 2.6
No expiration	2
Other State [Member] | Expires Fiscal Year September 30, 2029 Through September 30, 2036 [Member]
Operating Loss Carryforward	2
Other State [Member] | Expires at Fiscal Year Ended September 30, 2037 [Member]
Operating Loss Carryforward	1
Other State [Member] | Expires at Fiscal Year Ended September 30, 2038 [Member]
Operating Loss Carryforward	2
Other State [Member] | Expires at Fiscal Year Ended September 30, 2039 [Member]
Operating Loss Carryforward	1
California Franchise Tax Board [Member]
Operating Loss Carryforward	1.3
California Franchise Tax Board [Member] | Expires at Fiscal Year Ended September 30, 2038 [Member]
Operating Loss Carryforward	9
California Franchise Tax Board [Member] | Expires at Fiscal Year Ended September 30, 2039 [Member]
Operating Loss Carryforward	$ 4

Note 4 - Debt and Commitments_2

Note 4 - Debt and Commitments (Details Textual)	1 Months Ended		12 Months Ended
	Apr. 30, 2022 USD ($) ft²	Nov. 30, 2015 USD ($) ft² a	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2013 USD ($)	Oct. 31, 2020
Proceeds from Issuance of Debt			$ 6,011,000	$ 43,014,000
Investment Margin Account			75,000,000	75,000,000
Payments to Acquire Property, Plant, and Equipment			86,000	36,000
Operating Lease, Expense			289,000	$ 249,000
Deferred Compensation Liability, Current and Noncurrent			$ 200,000
Measurement Input, Discount Rate [Member]
Incentive Plan Future Commitment, Measurement Input			6%	6%
The 409 (A) Plan [Member]
Deferred Compensation Liability, Current and Noncurrent			$ 162,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Area of Real Estate Property | ft²	17,564
Proceeds from Sale, Land, Held-for-Use	$ 381,000
UTAH | Building [Member]
Area of Real Estate Property | ft²		30,700
UTAH | Land [Member]
Area of Land | a		3.6
Payments to Acquire Property, Plant, and Equipment		$ 1,240,000
Margin Account [Member]
Proceeds from Issuance of Debt			45,500,000		$ 29,500,000
Investment Margin Account			$ 75,000,000
Debt Instrument, Interest Rate, Effective Percentage			6%
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		$ 2,260,000	$ 1,280,000
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.66%				3.33%
Long-Term Debt, Term						10 years
Debt Instrument, Periodic Payment			$ 16,700

Note 4 - Debts and Commitments

Note 4 - Debts and Commitments - Future Obligations (Details)	Sep. 30, 2023 USD ($)
Real estate loan	$ 158,000
Obligations under operating leases	107,000
Obligations under operating leases	37,000
Obligations under operating leases	3,000
Obligations under operating leases	147,000
Non-qualified deferred compensation 409(A) plan	200,000
Deferred Compensation Liability, Current and Noncurrent	200,000
Contractual Obligation, to be Paid, Year One	265,000
Contractual Obligation, to be Paid, Year Two	2,148,000
Contractual Obligation, to be Paid, Year Three	930,000
Contractual Obligation, to be Paid, Year Four	921,000
Contractual Obligation, to be Paid, Year Five	607,000
Contractual Obligation, to be Paid, after Year Five	984,000
Contractual Obligation	5,855,000
Real Estate Loan [Member]
Real estate loan	164,000
Real estate loan	169,000
Real estate loan	175,000
Real estate loan	181,000
Real estate loan	431,000
Real estate loan	1,278,000
Long Term Accrued Liabilities [Member]
Real estate loan	1,747,000	[1]
Real estate loan	758,000	[1]
Real estate loan	746,000	[1]
Real estate loan	426,000	[1]
Real estate loan	553,000	[1]
Real estate loan	$ 4,230,000	[1]
[1]The long-term accrued liabilities for the Management Incentive Plan are discounted to the present value using a discount rate of 6%.

Note 6 - Reportable Segments (D

Note 6 - Reportable Segments (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenues	$ 67,709,000	$ 54,009,000
Traditional Business [Member]
Revenues	16,253,000	15,922,000
Traditional Business [Member] | Transferred at Point in Time [Member]
Revenues	11,850,000	11,528,000
Traditional Business [Member] | Transferred over Time [Member]
Revenues	4,403,000	4,394,000
Journal Technologies [Member]
Revenues	51,456,000	38,087,000
Journal Technologies [Member] | Transferred at Point in Time [Member]
Revenues	28,209,000	19,459,000
Journal Technologies [Member] | Transferred over Time [Member]
Revenues	$ 23,247,000	$ 18,628,000

Note 6 - Reportable Segments -

Note 6 - Reportable Segments - Summarized Financial Information for Reportable Segments (Details) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenues	$ 67,709,000	$ 54,009,000
Operating expenses	61,057,000	52,020,000
Salaries and employee benefits	43,450,000	36,480,000
(Decrease) increase to the long-term supplemental compensation accrual	(295,000)	1,245,000
Others	17,902,000	14,295,000
Income from operations	6,652,000	1,989,000
Dividends and interest income	8,336,000	5,451,000
Gains on sales of marketable securities, net	422,000	14,249,000
Net unrealized (losses) gains on marketable securities	17,024,000	(123,401,000)
Pretax income (loss)	28,102,000	(102,549,000)
(Provision) benefit for income taxes	(6,650,000)	26,925,000
Net income (loss)	21,452,000	(75,624,000)
Total assets	354,860,000	319,111,000
Capital expenditures	86,000	36,000
Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(77,000)	(83,000)
Margin Account [Member]
Interest expense on debt	(4,255,000)	(1,026,000)
Advertising [Member]
Revenues	8,955,000	8,591,000
Subscription and Circulation [Member]
Revenues	4,403,000	4,394,000
Advertising Service Fees and Other [Member]
Revenues	2,895,000	2,937,000
License and Maintenance [Member]
Revenues	23,503,000	19,192,000
Consulting Fees [Member]
Revenues	19,776,000	11,865,000
Service, Other [Member]
Revenues	8,177,000	7,030,000
Admission [Member]
Revenues		7,030,000
Traditional Business [Member]
Revenues	16,253,000	15,922,000
Journal Technologies [Member]
Revenues	51,456,000	38,087,000
Operating Segments [Member] | Traditional Business [Member]
Revenues	16,253,000	15,922,000
Operating expenses	13,869,000	15,220,000
Salaries and employee benefits	10,416,000	9,618,000
(Decrease) increase to the long-term supplemental compensation accrual	(470,000)	1,130,000
Others	3,923,000	4,472,000
Income from operations	2,384,000	702,000
Pretax income (loss)	2,384,000	702,000
(Provision) benefit for income taxes	(520,000)	(185,000)
Net income (loss)	1,864,000	517,000
Total assets	18,744,000	22,743,000
Capital expenditures	70,000	3,000
Operating Segments [Member] | Traditional Business [Member] | Advertising [Member]
Revenues	8,955,000	8,591,000
Operating Segments [Member] | Traditional Business [Member] | Subscription and Circulation [Member]
Revenues	4,403,000	4,394,000
Operating Segments [Member] | Traditional Business [Member] | Advertising Service Fees and Other [Member]
Revenues	2,895,000	2,937,000
Operating Segments [Member] | Journal Technologies [Member]
Revenues	51,456,000	38,087,000
Operating expenses	47,188,000	36,800,000
Salaries and employee benefits	33,034,000	26,862,000
(Decrease) increase to the long-term supplemental compensation accrual	175,000	115,000
Others	13,979,000	9,823,000
Income from operations	4,268,000	1,287,000
Pretax income (loss)	4,268,000	1,287,000
(Provision) benefit for income taxes	(1,450,000)	(205,000)
Net income (loss)	2,818,000	1,082,000
Total assets	33,100,000	27,868,000
Capital expenditures	16,000	33,000
Operating Segments [Member] | Journal Technologies [Member] | License and Maintenance [Member]
Revenues	23,503,000	19,192,000
Operating Segments [Member] | Journal Technologies [Member] | Consulting Fees [Member]
Revenues	19,776,000	11,865,000
Operating Segments [Member] | Journal Technologies [Member] | Service, Other [Member]
Revenues	8,177,000	7,030,000
Corporate, Non-Segment [Member]
Dividends and interest income	8,336,000	5,451,000
Gains on sales of marketable securities, net	422,000	14,249,000
Net unrealized (losses) gains on marketable securities	17,024,000	(123,401,000)
Pretax income (loss)	21,450,000	(104,538,000)
(Provision) benefit for income taxes	(4,680,000)	27,315,000
Net income (loss)	16,770,000	(77,223,000)
Total assets	303,016,000	268,500,000
Corporate, Non-Segment [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(77,000)	(83,000)
Corporate, Non-Segment [Member] | Margin Account [Member]
Interest expense on debt	$ (4,255,000)	$ (1,026,000)