Note 2 - Investments in Debt and Equity Securities

3 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note

2

-Investments in Debt and Equity Securities

Investments in Equity Securities

Investments of equity securities at

December 31, 2019

and

September 30, 2019,

consists of mutual funds valued at

$8.2

million and

$8.1

million, respectively.

Net gains and losses recognized on investments in equity securities for the

three

months ended

December 31, 2019

and

2018

are as follows:

	Three Months Ended December 31, 2019		Three Months Ended December 31, 2018
Net gains and (losses) recognized during the period on equity securities	$	10,000	$	(29,000	)
Less: Net gains and (losses) recognized during the period on equity securities sold during the period		–		–
Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date	$	10,000	$	(29,000	)

Available for Sale Debt Securities

Available for sale debt securities at

December 31, 2019

and

September 

30,

2019,

consist of the following:

December 31, 2019	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Available for sale debt securities	$	60,418,000	$	170,000	$	1,000	$	60,587,000

At

December 31, 2018,

the Company had

$35.8

million in U.S. Treasury Bills, classified as available-for-sale debt securities on the Company's condensed consolidated balance sheet.  These U.S. Treasury bills had

$135,000

(net of tax expense of

$52,000

) in unrealized gains that were recorded in other comprehensive income for the

three

months ended

December 31, 2018.

September 30, 2019	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Available for sale debt securities	$	55,946,000	$	178,000	$	1,000	$	56,123,000

Note

2

-Investments in Debt and Equity Securities (Continued)

Unrealized holding gains and losses on available for sale debt securities are included in other comprehensive income (loss) within stockholders’ equity. Realized gains (losses) on available for sale debt securities are included in other income (loss) and, when applicable, are reported as a reclassification adjustment in other comprehensive income (loss).