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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2019
Sep. 30, 2019
ASSETS    
Cash and cash equivalents $ 3,156,000 $ 4,308,000
Available-for-sale debt securities (at fair value) 60,587,000 56,123,000 [1]
Investments in equity securities (at fair value) 8,234,000 8,136,000
Consumer receivables acquired for liquidation (at cost) 1,448,000 1,668,000
Investment in personal injury claims, net 4,533,000 5,190,000
Due from third party collection agencies and attorneys 421,000 596,000
Accounts receivable, net 203,000 266,000
Prepaid and income taxes receivable, net 68,000 264,000
Furniture and equipment, net of accumulated depreciation of $1.9 million at December 31, 2019 and at September 30, 2019 96,000 120,000
Right of use assets 545,000
Equity method investment 278,000 280,000
Settlement receivable 1,095,000 1,558,000
Deferred income taxes 9,457,000 9,631,000
Goodwill 1,410,000 1,410,000
Other assets 978,000 1,135,000
Total assets 92,509,000 90,685,000
LIABILITIES    
Accounts payable and accrued expenses 1,027,000 941,000
Right of use liability 540,000
Income taxes payable 778,000 575,000
2,345,000 1,516,000
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Preferred stock
Common stock, $.01 par value, authorized 30,000,000 shares; issued 13,459,708 at December 31, 2019 and September 30, 2019; and outstanding 6,567,765 at December 31, 2019 and September 30, 2019 135,000 135,000
Additional paid-in capital 68,558,000 68,558,000
Retained earnings 89,217,000 88,172,000
Accumulated other comprehensive income, net of taxes 226,000 276,000
Treasury stock (at cost) 6,891,943 shares at December 31, 2019 and September 30, 2019 (67,972,000) (67,972,000)
Total stockholders’ equity 90,164,000 89,169,000
Total liabilities and stockholders’ equity 92,509,000 90,685,000
Series A Junior Participating Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock
[1] At September 30, 2018, the Company reported investments in equity securities and available for sale debt securities as a single line item on the Company's condensed consolidated balance sheet. With the Company's adoption of ASU No. 2016-01 on October 1, 2018, the Company has included the current breakout above for comparability purposes only.