djco20200331

0001437749-20-010249.txt : 20200511 0001437749-20-010249.hdr.sgml : 20200511 20200511141408 ACCESSION NUMBER: 0001437749-20-010249 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 41 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200511 DATE AS OF CHANGE: 20200511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DAILY JOURNAL CORP CENTRAL INDEX KEY: 0000783412 STANDARD INDUSTRIAL CLASSIFICATION: NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING [2711] IRS NUMBER: 954133299 STATE OF INCORPORATION: SC FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-14665 FILM NUMBER: 20864058 BUSINESS ADDRESS: STREET 1: 915 EAST FIRST STREET CITY: LOS ANGELES STATE: CA ZIP: 90012 BUSINESS PHONE: 2132295300 MAIL ADDRESS: STREET 1: 915 EAST FIRST STREET CITY: LOS ANGELES STATE: CA ZIP: 90012 FORMER COMPANY: FORMER CONFORMED NAME: DAILY JOURNAL CO DATE OF NAME CHANGE: 19870427 10-Q 1 djco20200331_10q.htm FORM 10-Q djco20200331_10q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☑	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the quarterly period ended March 31, 2020

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the transition period from _______________ to ______________

Commission File Number 0-14665

DAILY JOURNAL CORPORATION

(Exact name of registrant as specified in its charter)

South Carolina	95-4133299
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

915 East First Street
Los Angeles, California	90012-4050
(Address of principal executive offices)	(Zip code)

(213) 229-5300

(Registrant's telephone number, including area code)

None

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	DJCO	The Nasdaq Stock Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes: ☑ No: ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes: ☑ No: ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.

	Large Accelerated Filer: ☐	Accelerated Filer: ☑
	Non-accelerated Filer: ☐	Smaller Reporting Company: ☐
		Emerging Growth Company: ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes: No: ☑

Indicate the number of shares outstanding of each of the issuer's classes of common stock as of the latest practicable date: 1,380,746 shares outstanding at April 30, 2020

DAILY JOURNAL CORPORATION

INDEX

		Page Nos.
PART I Financial Information

Item 1. Financial Statements

Consolidated Balance Sheets - March 31, 2020 and September 30, 2019		3

Consolidated Statements of Comprehensive Income (Loss) - Three months ended March 31, 2020 and 2019		4

Consolidated Statements of Comprehensive Income (Loss) - Six months ended March 31, 2020 and 2019		5

Consolidated Statements of Shareholders’ Equity - Six months ended March 31, 2020 and 2019		6

Consolidated Statements of Cash Flows - Six months ended March 31, 2020 and 2019		7

Notes to Consolidated Financial Statements		8

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations		15

Item 3. Quantitative and Qualitative Disclosures about Market Risk		22

Item 4. Controls and Procedures		22

Part II Other Information

Item 1A. Risk Factors		23

Item 6. Exhibits		23

PART I

Item 1. FINANCIAL STATEMENTS

DAILY JOURNAL CORPORATION

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	March 31			September 30
	2020			2019
ASSETS
Current assets
Cash and cash equivalents	$	5,822,000		$	10,630,000
Marketable securities at fair value -- common stocks of $136,901,000 at March 31, 2020 and $194,581,000 at September 30, 2019		136,901,000			194,581,000
Accounts receivable, less allowance for doubtful accounts of $200,000 at March 31, 2020 and September 30, 2019		6,347,000			7,036,000
Inventories		40,000			40,000
Prepaid expenses and other current assets		593,000			508,000
Income tax receivable		470,000			153,000
Total current assets		150,173,000			212,948,000

Property, plant and equipment, at cost
Land, buildings and improvements		16,599,000			16,499,000
Furniture, office equipment and computer software		2,188,000			2,119,000
Machinery and equipment		1,749,000			1,750,000
		20,536,000			20,368,000
Less accumulated depreciation		(9,828,000	)		(9,572,000	)
		10,708,000			10,796,000
Operating lease right-of-use assets		382,000			---
Deferred income taxes - Federal		11,661,000			12,596,000
Deferred income taxes - State		1,811,000			1,036,000
	$	174,735,000		$	237,376,000

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable	$	3,061,000		$	4,520,000
Accrued liabilities		5,216,000			5,173,000
Note payable collateralized by real estate		129,000			126,000
Deferred subscriptions		2,884,000			3,195,000
Deferred installation contracts		1,108,000			1,932,000
Deferred maintenance agreements and others		13,201,000			15,722,000
Total current liabilities		25,599,000			30,668,000

Long term liabilities
Investment margin account borrowings		29,493,000			29,493,000
Note payable collateralized by real estate		1,644,000			1,709,000
Deferred maintenance agreements		256,000			335,000
Accrued liabilities		343,000			230,000
Deferred income taxes		21,816,000			37,241,000
Total long term liabilities		53,552,000			69,008,000

Commitments and contingencies (Notes 8 and 9)		---			---

Shareholders' equity
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued		---			---
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at March 31, 2020 and September 30, 2019		14,000			14,000
Additional paid-in capital		1,755,000			1,755,000
Retained earnings		93,815,000			135,931,000
Total shareholders' equity		95,584,000			137,700,000
	$	174,735,000		$	237,376,000

See accompanying Notes to Consolidated Financial Statements

DAILY JOURNAL CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(Unaudited)

	Three months ended March 31
	2020			2019

Revenues
Advertising	$	1,992,000		$	2,108,000
Circulation		1,286,000			1,273,000
Advertising service fees and other		654,000			624,000
Licensing and maintenance fees		5,505,000			4,640,000
Consulting fees		1,229,000			399,000
Other public service fees		1,690,000			1,668,000
		12,356,000			10,712,000

Costs and expenses
Salaries and employee benefits		9,678,000			8,791,000
Outside services		1,154,000			1,244,000
Postage and delivery expenses		191,000			205,000
Newsprint and printing expenses		193,000			186,000
Depreciation and amortization		128,000			150,000
Equipment maintenance and software		504,000			410,000
Credit card merchant discount fees		388,000			375,000
Rent expenses		170,000			257,000
Accounting and legal fees		202,000			396,000
Other general and administrative expenses		846,000			1,369,000
		13,454,000			13,383,000
Loss from operations		(1,098,000	)		(2,671,000	)
Other income (expense)
Dividends and interest income		1,297,000			1,141,000
Other income		---			9,000
Net unrealized (losses) gains on investments		(77,211,000	)		8,497,000
Interest expense on note payable collateralized by real estate		(21,000	)		(22,000	)
Interest expense on margin loans and others		(153,000	)		(219,000	)
(Loss) income before income taxes		(77,186,000	)		6,735,000
Benefit from (provision for) income taxes		20,860,000			(1,717,000	)
Net (loss) income	$	(56,326,000	)	$	5,018,000

Weighted average number of common shares outstanding - basic and diluted		1,380,746			1,380,746
Basic and diluted net (loss) income per share	$	(40.79	)	$	3.63

Comprehensive (loss) income	$	(56,326,000	)	$	5,018,000

See accompanying Notes to Consolidated Financial Statements.

DAILY JOURNAL CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(Unaudited)

	Six months ended March 31
	2020			2019

Revenues
Advertising	$	4,118,000		$	4,300,000
Circulation		2,598,000			2,611,000
Advertising service fees and other		1,348,000			1,293,000
Licensing and maintenance fees		10,715,000			9,430,000
Consulting fees		1,918,000			940,000
Other public service fees		3,336,000			2,566,000
		24,033,000			21,140,000

Costs and expenses
Salaries and employee benefits		18,565,000			17,446,000
Outside services		2,014,000			2,402,000
Postage and delivery expenses		401,000			409,000
Newsprint and printing expenses		371,000			362,000
Depreciation and amortization		256,000			303,000
Equipment maintenance and software		826,000			753,000
Credit card merchant discount fees		770,000			645,000
Rent expenses		342,000			515,000
Accounting and legal fees		458,000			799,000
Other general and administrative expenses		2,646,000			2,698,000
		26,649,000			26,332,000
Loss from operations		(2,616,000	)		(5,192,000	)
Other income (expense)
Dividends and interest income		2,977,000			2,671,000
Other income		3,000			19,000
Net unrealized losses on investments		(57,680,000	)		(20,143,000	)
Interest expense on note payable collateralized by real estate		(43,000	)		(45,000	)
Interest expense on margin loans and others		(337,000	)		(425,000	)
Loss before income taxes		(57,696,000	)		(23,115,000	)
Benefit from income taxes		15,580,000			6,600,000
Net loss	$	(42,116,000	)	$	(16,515,000	)

Weighted average number of common shares outstanding - basic and diluted		1,380,746			1,380,746
Basic and diluted loss per share	$	(30.50	)	$	(11.96	)

Comprehensive loss	$	(42,116,000	)	$	(16,515,000	)

See accompanying Notes to Consolidated Financial Statements.

DAILY JOURNAL CORPORATION

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(Unaudited)

																Accumulated
											Additional					Other			Total
	Common Stock				Treasury Stock						Paid-in		Retained			Comprehensive			Shareholders'
	Share		Amount		Share			Amount			Capital		Earnings			Income			Equity

Balance at September 30, 2018		1,805,053	$	18,000		(424,307	)	$	(4,000	)	$	1,755,000	$	45,361,000		$	115,786,000		$	162,916,000
Adoption of new accounting pronouncement		---		---		---			---			---		115,786,000			(115,786,000	)		---
Net loss		---		---		---			---			---		(21,533,000	)		---			(21,533,000	)
Balance at December 31, 2018		1,805,053		18,000		(424,307	)		(4,000	)		1,755,000		139,614,000			---			141,383,000
Net income		---		---		---			---			---		5,018,000			---			5,018,000
Balance at March 31, 2019		1,805,053	$	18,000		(424,307	)	$	(4,000	)	$	1,755,000	$	144,632,000		$	---		$	146,401,000


Balance at September 30, 2019		1,805,053	$	18,000		(424,307	)	$	(4,000	)	$	1,755,000	$	135,931,000		$	---		$	137,700,000
Net income		---		---		---			---			---		14,210,000			---			14,210,000
Balance at December 31, 2019		1,805,053		18,000		(424,307	)		(4,000	)		1,755,000		150,141,000			---			151,910,000
Net loss		---		---		---			---			---		(56,326,000	)		---			(56,326,000	)
Balance at March 31, 2020		1,805,053	$	18,000		(424,307	)	$	(4,000	)	$	1,755,000	$	93,815,000		$	---		$	95,584,000

See accompanying Notes to Consolidated Financial Statements

DAILY JOURNAL CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six months ended March 31
	2020			2019
Cash flows from operating activities
Net loss	$	(42,116,000	)	$	(16,515,000	)
Adjustments to reconcile net loss to net cash used in operations
Depreciation and amortization		256,000			304,000
Net unrealized losses on investments		57,680,000			20,143,000
Deferred income taxes		(15,265,000	)		(6,486,000	)
Changes in operating assets and liabilities
(Increase) decrease in current assets
Accounts receivable, net		689,000			(2,539,000	)
Inventories		---			3,000
Prepaid expenses and other assets		(85,000	)		123,000
Income tax receivable		(317,000	)		7,000
Increase (decrease) in liabilities
Accounts payable		(1,459,000	)		1,751,000
Accrued liabilities		(226,000	)		(64,000	)
Deferred subscriptions		(311,000	)		(196,000	)
Deferred maintenance agreements and others		(2,600,000	)		220,000
Deferred installation contracts		(824,000	)		(126,000	)
Net cash used in operating activities		(4,578,000	)		(3,375,000	)

Cash flows from investing activities
Purchases of property, plant and equipment		(168,000	)		(84,000	)
Net cash used in investing activities		(168,000	)		(84,000	)

Cash flows from financing activities
Payment of real estate loan principal		(62,000	)		(60,000	)
Net cash used in financing activities		(62,000	)		(60,000	)

Decrease in cash and cash equivalents		(4,808,000	)		(3,519,000	)

Cash and cash equivalents
Beginning of period		10,630,000			9,301,000
End of period	$	5,822,000		$	5,782,000

Interest paid during period	$	390,000		$	470,000
Net income taxes paid (refunded)	$	1,000		$	(121,000	)

See accompanying Notes to Consolidated Financial Statements.

DAILY JOURNAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1 - The Corporation and Operations

Daily Journal Corporation (the “Company”) publishes newspapers and web sites 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 efiling and a website to pay traffic citations and fees online, and bar members. These products are licensed to more than 500 organizations in 42 states and internationally.

Essentially all of the Company’s U.S. operations are based in California, Arizona, Colorado and Utah. The Company also has a presence in Australia where Journal Technologies is working on two software installation projects.

Note 2 - Basis of Presentation

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, 2020, its results of operations for the three- and six-months periods ended March 31, 2020 and 2019, its consolidated statements of shareholders’ equity for the six months ended March 31, 2020 and 2019 and cash flows for the six months ended March 31, 2020 and 2019. The results of operations for the six months ended March 31, 2020 are not necessarily indicative of the results to be expected for the full year.

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 misleading. These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2019.

Note 3 - Accounting Standards Adopted in Fiscal 2020

In February 2016, the Financial Accounting Standard Board issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) which requires that all leases be recognized by lessees on the balance sheet through a right-of-use (ROU) asset and corresponding lease liability, including today’s operating leases. During the first quarter of fiscal 2020, the Company adopted this standard using the modified retrospective method, which does not require an adjustment to comparative period financial statements. At March 31, 2020, the Company recorded a right-of-use (ROU) asset and lease liability of approximately $382,000 for its operating office leases. As allowed by the guidance, the Company has elected not to recognize ROU assets and lease liabilities for short-term (less than one year) leases of any class of underlying asset. ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent its obligation to make rental payments from the leases. ROU assets and liabilities are required to be recognized based on the present value of lease payments over the lease term. At March 31, 2020, the Company had office lease obligations of approximately $43,000 beyond one year; it is deemed immaterial for the present value difference. Operating office leases are included in operating lease ROU assets, current accrued liabilities and long-term accrued liabilities in the Company’s accompanying Consolidated Balance Sheets. The Company’s adoption of this new standard had no significant impact on the Company’s financial condition, results of operations or disclosures.

Note 4 – Revenue Recognition

The Company recognizes revenues in accordance with the provisions of ASU No. 2014-09, Revenue from Contracts with Customers (ASC Topic 606), which it adopted effective October 1, 2017, using the modified retrospective method.

For the Company’s 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 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, 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 efile cases and pay traffic citations and other fees.

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. Also, as a practical expedient, the Company has elected not to include its evaluation of variable consideration of certain usage-based public service fees that are included in some contracts. 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.

Note 5 - Basic and Diluted Income Per Share

The Company does not have any common stock equivalents, and therefore basic and diluted income (loss) per share are the same.

Note 6 - Investments in Marketable Securities

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 definition in the fair value hierarchy) to measure the fair value of its investments on a recurring basis pursuant to ASC 820, Fair Value Measurement. As of March 31, 2020, there were net accumulated unrealized gains of $83,012,000. At September 30, 2019, there were net accumulated unrealized gains of $140,692,000 recorded in the accompanying Consolidated Balance Sheets. Most of the accumulated unrealized gains were in the common stocks of three U.S. financial institutions and one foreign manufacturer.

With the adoption in the prior fiscal year of ASU No. 2016-01, Subtopic 825-10, the Company recorded and included in its net (loss) income the net unrealized losses on investments of $77,211,000 and $57,680,000 for the three- and six-months ended March 31, 2020 as compared with net unrealized gains on investments of $8,497,000 and net unrealized losses on investments of $20,143,000, respectively, in the prior year periods.

Investments in marketable securities as of March 31, 2020 and September 30, 2019 are summarized below.

Investments in Marketable Securities

	March 31, 2020						September 30, 2019
	Aggregate fair value		Adjusted cost basis		Pretax net unrealized gains		Aggregate fair value		Amortized/Adjusted cost basis		Pretax unrealized gains
Marketable securities
Common stocks	$	136,901,000	$	53,889,000	$	83,012,000	$	194,581,000	$	53,889,000	$	140,692,000

Note 7 - Income Taxes

For the six months ended March 31, 2020, the Company recorded an income tax benefit of $15,580,000 on a pretax loss of $57,696,000. This was the net result of applying the effective tax rate anticipated for fiscal 2020 to the pretax loss, before the unrealized losses on investments, for the six months ended March 31, 2020. The effective tax rate was more than the statutory rate primarily due to the dividends received deduction, which increased the taxable loss, and state tax benefits. In addition, the Company recorded tax benefits of (i) $187,000 resulting from the Coronavirus Aid, Relief and Economic Security (“CARES”) Act (see below) and (ii) $15,425,000 for the unrealized losses on investments during the six months ended March 31, 2020. The effective tax rate for the six months ended March 31, 2020 was 27%, after including the tax benefits from the CARES Act and the unrealized losses on investments.

The CARES Act, which was signed into law on March 27, 2020, contains two federal tax provisions beneficial to the Company. One provision provides that net operating losses arising in tax years beginning in 2018, that were previously only available to be carried forward, can now be carried back to the five previous years. In addition, any alternative minimum tax credits carried forward from prior years can be claimed as a refund in years beginning in 2018. Consequently, the Company recorded a tax benefit resulting from carrying back a portion of the net operating loss generated in fiscal 2019 to fiscal 2014. The Company anticipates receiving a refund for all taxes and alternative minimum taxes paid in fiscal 2014. The resulting tax benefit from carrying back the net operating loss is primarily attributable to the difference in the federal tax rates of 34% in fiscal 2014 and 21% in fiscal 2019.

For the six months ended March 31, 2019, the Company recorded an income tax benefit of $6,600,000 on a pretax loss of $23,115,000. This was the net result of applying the effective tax rate anticipated for fiscal 2019 to the pretax loss for the six months ended March 31, 2019. The effective tax rate was greater than the statutory rate primarily due to state tax benefits.

The Company’s effective tax rate was 27% for the six months ended March 31, 2020 as compared with 29% in the prior year period.

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 2016 with regard to federal income taxes and fiscal 2015 for state income taxes.

Note 8 - Debt 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. 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 March 31, 2020 was 0.75%. These investment margin account borrowings do not mature.

In 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 by Journal Technologies. The Company paid $1.24 million and financed the balance with a real estate bank loan of $2.26 million which bears a fixed interest rate of 4.66% and is repayable in equal monthly installments of about $17,600 through 2030. This loan is secured by the Logan facility and can be paid off at any time without prepayment penalty. This real estate loan had a balance of approximately $1.77 million as of March 31, 2020.

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 fiscal 2021.

Note 9 - Contingencies

From time to time, the Company is subject to contingencies, including litigation, arising in the normal course of its business. While it is not possible to predict the results of such contingencies, management does not believe the ultimate outcome of these matters will have a material effect on the Company’s financial position or results of operations or cash flows.

Note 10 - Operating Segments

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:

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Six months ended March 31, 2020
Revenues
Advertising	$	4,118,000		$	---		$	---		$	4,118,000
Circulation		2,598,000			---			---			2,598,000
Advertising service fees and other		1,348,000			---			---			1,348,000
Licensing and maintenance fees		---			10,715,000			---			10,715,000
Consulting fees		---			1,918,000			---			1,918,000
Other public service fees		---			3,336,000			---			3,336,000
Operating expenses		7,906,000			18,743,000			---			26,649,000
Income (loss) from operations		158,000			(2,774,000	)		---			(2,616,000	)
Dividends and interest income		---			---			2,977,000			2,977,000
Other income		---			---			3,000			3,000
Net unrealized losses on investments		---			---			(57,680,000	)		(57,680,000	)
Interest expenses on note payable collateralized by real estate		(43,000	)		---			---			(43,000	)
Interest expenses on margin loans and others		---			---			(337,000	)		(337,000	)
Pretax income (loss)		115,000			(2,774,000	)		(55,037,000	)		(57,696,000	)
Income tax (expense) benefit		(30,000	)		925,000			14,685,000			15,580,000
Net income (loss)		85,000			(1,849,000	)		(40,352,000	)		(42,116,000	)
Total assets		16,074,000			19,578,000			139,083,000			174,735,000
Capital expenditures		99,000			69,000			---			168,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Six months ended March 31, 2019
Revenues
Advertising	$	4,300,000		$	---		$	---		$	4,300,000
Circulation		2,611,000			---			---			2,611,000
Advertising service fees and other		1,293,000			---			---			1,293,000
Licensing and maintenance fees		---			9,430,000			---			9,430,000
Consulting fees		---			940,000			---			940,000
Other public service fees		---			2,566,000			---			2,566,000
Operating expenses		8,348,000			17,984,000			---			26,332,000
Loss from operations		(144,000	)		(5,048,000	)		---			(5,192,000	)
Dividends and interest income		---			---			2,671,000			2,671,000
Other income		---			---			19,000			19,000
Net unrealized losses on investments		---			---			(20,143,000	)		(20,143,000	)
Interest expenses on note payable collateralized by real estate		(45,000	)		---			---			(45,000	)
Interest expenses on margin loans		---			---			(425,000	)		(425,000	)
Pretax loss		(189,000	)		(5,048,000	)		(17,878,000	)		(23,115,000	)
Income tax benefit		115,000			1,300,000			5,185,000			6,600,000
Net loss		(74,000	)		(3,748,000	)		(12,693,000	)		(16,515,000	)
Total assets		17,399,000			31,710,000			194,354,000			243,463,000
Capital expenditures		50,000			34,000			---			84,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Three months ended March 31, 2020
Revenues
Advertising	$	1,992,000		$	---		$	---		$	1,992,000
Circulation		1,286,000			---			---			1,286,000
Advertising service fees and other		654,000			---			---			654,000
Licensing and maintenance fees		---			5,505,000			---			5,505,000
Consulting fees		---			1,229,000			---			1,229,000
Other public service fees		---			1,690,000			---			1,690,000
Operating expenses		3,908,000			9,546,000			---			13,454,000
Income (loss) from operations		24,000			(1,122,000	)		---			(1,098,000	)
Dividends and interest income		---			---			1,297,000			1,297,000
Net unrealized losses on investments		---			---			(77,211,000	)		(77,211,000	)
Interest expenses on note payable collateralized by real estate		(21,000	)		---			---			(21,000	)
Interest expenses on margin loans and others		---			---			(153,000	)		(153,000	)
Pretax income (loss)		3,000			(1,122,000	)		(76,067,000	)		(77,186,000	)
Income tax benefit		---			415,000			20,445,000			20,860,000
Net income (loss)		3,000			(707,000	)		(55,622,000	)		(56,326,000	)
Total assets		16,074,000			19,578,000			139,083,000			174,735,000
Capital expenditures		64,000			7,000			---			71,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Three months ended March 31, 2019
Revenues
Advertising	$	2,108,000		$	---		$	---		$	2,108,000
Circulation		1,273,000			---			---			1,273,000
Advertising service fees and other		624,000			---			---			624,000
Licensing and maintenance fees		---			4,640,000			---			4,640,000
Consulting fees		---			399,000			---			399,000
Other public service fees		---			1,668,000			---			1,668,000
Operating expenses		4,140,000			9,243,000			---			13,383,000
Loss from operations		(135,000	)		(2,536,000	)		---			(2,671,000	)
Dividends and interest income		---			---			1,141,000			1,141,000
Other income		---			---			9,000			9,000
Net unrealized gains on investments		---			---			8,497,000			8,497,000
Interest expenses on note payable collateralized by real estate		(22,000	)		---			---			(22,000	)
Interest expenses on margin loans		---			---			(219,000	)		(219,000	)
Pretax income (loss)		(157,000	)		(2,536,000	)		9,428,000			6,735,000
Income tax benefit (expense)		35,000			715,000			(2,467,000	)		(1,717,000	)
Net (loss) income		(122,000	)		(1,821,000	)		6,961,000			5,018,000
Total assets		17,399,000			31,710,000			194,354,000			243,463,000
Capital expenditures		---			---			---			---

During the six months ended March 31, 2020, the Traditional Business had total revenues of $8,064,000 of which $5,466,000 were recognized, at a point of time, after services were provided, and $2,598,000 were recognized ratably over the subscription terms. Total revenues for the Journal Technologies’ software business were $15,969,000 of which $5,631,000 were recognized upon completion of services with customer acceptance, while $10,338,000 were recognized ratably over the license and maintenance periods.

During the six months ended March 31, 2019, the Traditional Business had total revenues of $8,204,000 of which $5,593,000 were recognized, at a point of time, after services were provided, and $2,611,000 were recognized ratably over the subscription terms. Total revenues for the Company’s software business were $12,936,000 of which $4,035,000 were recognized upon completion of services with customer acceptance, while $8,901,000 were recognized ratably over the license and maintenance periods.

During the three months ended March 31, 2020, the Traditional Business had total revenues of $3,932,000 of which $2,646,000 were recognized, at a point of time, after services were provided, and $1,286,000 were recognized ratably over the subscription terms. Total revenues for the Journal Technologies’ software business were $8,424,000 of which $3,177,000 were recognized upon completion of services with customer acceptance, while $5,247,000 were recognized ratably over the license and maintenance periods.

During the three months ended March 31, 2019, the Traditional Business had total revenues of $4,005,000 of which $2,732,000 were recognized, at a point of time, after services were provided, and $1,273,000 were recognized ratably over the subscription terms. Total revenues for the Company’s software business were $6,707,000 of which $2,100,000 were recognized upon completion of services with customer acceptance, while $4,607,000 were recognized ratably over the subscription periods.

Approximately 68% and 66% of the Company’s revenues during the three- and six-month periods ended March 31, 2020 were derived from Journal Technologies, as compared with 63% and 61% in the prior year periods. In addition, the Company’s revenues have been primarily from the United States with approximately 1% from foreign countries. Journal Technologies’ revenues are primarily from governmental agencies.

The following table sets forth certain deferred obligations from October 1, 2019 through March 31, 2020:

	Beginning Balance Oct. 1, 2019		Addition		Recognized			Ending Balance March 31, 2020

Deferred subscriptions	$	3,195,000	$	2,287,000	$	(2,598,000	)	$	2,884,000
Deferred installation contracts		1,932,000		1,471,000		(2,295,000	)		1,108,000
Deferred maintenance agreements and others		16,057,000		7,738,000		(10,338,000	)		13,457,000

Note 11 - Subsequent Events

On March 13, 2020, the United States declared the outbreak of COVID-19 to be a national emergency, and several states and municipalities have declared public health emergencies. Unprecedented actions have been taken by public health and governmental authorities to contain and combat the spread of COVID-19, including “stay-at-home” orders and similar mandates that restrict the daily activities of individuals and limit the operation of businesses that are deemed “non-essential.” In addition, most of Journal Technologies’ customers, which are primarily courts and governmental agencies in the United States and Canada, are either closed or have significantly scaled back their activities. Similarly, many law firms and companies from which the Traditional Business derives advertising and subscription revenues have also curtailed their operations and spending.

In light of this extraordinary and ongoing situation, on April 30, 2020, the Company made the difficult decision to reorganize its part-time and full-time workforce at both the Traditional Business and Journal Technologies, which included some layoffs and temporary furloughs.

Except for the personnel reorganization mentioned above, the Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that no subsequent events occurred that required recognition to the financial statements or disclosures in the Notes to Consolidated Financial Statements.

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

The Company continues to operate as two different businesses: (1) The Traditional Business, being the business of newspaper publishing and related services that the Company had before 1999 when it purchased a software development company, and (2) Journal Technologies, Inc. (“Journal Technologies”), a wholly-owned subsidiary which 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, and bar members. These products are licensed to more than 500 organizations in 42 states and internationally.

Impact of the Coronavirus (COVID-19) Pandemic

Management believes that the COVID-19 pandemic has had, and will continue to have, a significant impact on the Company’s business operations. That impact started in March, and management believes it will continue to be reflected in subsequent quarterly financial results and cash flows for the foreseeable future. This includes the substantial decrease in the value of the Company’s marketable securities portfolio, which could decrease further and is likely, at a minimum, to continue to be volatile. It also includes the unprecedented closure or scaling back of operations of courts and other governmental agencies that are the customers of Journal Technologies, and fundamental changes in the way the advertisers and subscribers of the Traditional Business conduct operations. Even if courts, governmental agencies and other businesses return to a more normal operations, there are likely to be changes in those operations and personal behaviors going forward, including limitations on travel, that will adversely affect the Company, its financial results and cash flows.

For the three months ended March 31, 2020, the Company experienced a material negative impact on its financial results primarily because of the recording of the unrealized losses on investments of $77,211,000 for its marketable securities as the stock market plunged. In addition, the Company’s portfolio is concentrated in the common stocks of three U.S. financial institutions, which have experienced a greater decline than the market as a whole. In the future, dividends income from the Company’s portfolio may be reduced. (Beginning in fiscal 2019, changes in unrealized gains (losses) on investments are now included in the Company’s net income (loss) and thus may have a significant impact depending on the fluctuations of the market prices of the securities in the portfolio.)

In recent years, the newspaper industry, including our Traditional Business, has declined, and we expect this to continue at an accelerated pace due to the impacts of COVID-19 and its aftermath, as advertising and subscription revenues decrease.

For Journal Technologies, there have been delays or cancellations in government procurement processes. Also, although we have been able to complete some existing projects remotely, we have been unable to finish certain implementations and trainings because we cannot work with clients in-person. Given that we are typically paid for implementation services upon “go-live” of a system, receipt of those revenues is being delayed. In addition, there has been a reduction in efiling revenues and delayed client payments as courts and other justice agencies are temporarily closed.

Due to the uncertainties associated with the duration and severity of the COVID-19 pandemic, the efforts to contain it, and the changes in business operations and personal behaviors that are likely to follow from it, management cannot at this point estimate the magnitude of its impact on the Company’s business operations. However, it is often said that past results are not indicative of future performance, and that is especially true of the Company’s operating results for the first half of fiscal 2020, which are not likely to be replicated in the second half of the year due to COVID-19 and its aftermath.

For risk factors associated with the Company’s businesses, please see “Item 1A – Risk Factors” of the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2019, as well as the information contained in “Item 1A – Risk Factors” on page 23 of this Form 10-Q.

Comparable six-month periods ended March 31, 2020 and 2019

Consolidated revenues were $24,033,000 and $21,140,000 for the six months ended March 31, 2020 and 2019, respectively. This increase of $2,893,000 (14%) was primarily from (i) increased Journal Technologies’ license and maintenance fees of $1,285,000, consulting fees of $978,000 and public service fees of $770,000, and (ii) increased Traditional Business’ legal notice advertising and service fee net revenues of $215,000 and government notice advertising and service fee net revenues of $38,000, partially offset by a reduction in the Traditional Business’ display advertising net revenues of $252,000 (including conferences), classified advertising net revenues of $40,000, trustee sale notice advertising net revenues of $57,000 and circulation revenues of $13,000. The Company’s revenues derived from Journal Technologies’ operations constituted about 66% and 61% of the Company’s total revenues for the six months ended March 31, 2020 and 2019, respectively.

Consolidated operating expenses increased by $317,000 (1%) to $26,649,000 from $26,332,000. Total salaries and employee benefits increased by $1,119,000 (6%) to $18,565,000 from $17,446,000 primarily resulting from additional personnel costs for Journal Technologies. Outside services decreased by $388,000 (16%) to $2,014,000 from $2,402,000 mainly because of decreased contractor costs for Journal Technologies. Depreciation and amortization costs decreased by $47,000 to $256,000 from $303,000. Credit card merchant discount fees, which represent fees paid to credit card service providers to process payments for the public service fee revenues, increased by $125,000 (19%) to $770,000 from $645,000 mainly resulting from increased efilings. Rent expenses decreased by $173,000 (34%) to $342,000 from $515,000 because of the closure of both the San Francisco and Modesto offices in October 2019. Accounting and legal fees decreased by $341,000 (43%) to $458,000 from $799,000 primarily because of decreased legal fees to review and negotiate Journal Technologies’ contracts with customers, more of which was done in-house.

The Company’s non-operating income, net of expenses, decreased by $37,157,000 to a loss of $55,080,000 from a loss of $17,923,000 primarily because of the recording of net unrealized losses on investments of $57,680,000 during the six months ended March 31, 2020, as compared with $20,143,000 during the prior year period.

During the six months ended March 31, 2020, the consolidated pretax loss was $57,696,000, as compared with $23,115,000 in the prior year period. There was a consolidated net loss of $42,116,000 (-$30.50 per share) after tax benefits for the six months ended March 31, 2020, as compared with $16,515,000 (-$11.96 per share) in the prior year period.

At March 31, 2020, the aggregate fair market value of the Company’s marketable securities was $136,901,000. These securities had approximately $83,012,000 of net unrealized gains before taxes of $21,816,000, and generated approximately $2,977,000 in dividends income during the six months ended March 31, 2020, which lowers the Company’s effective income tax rate because of the dividends received deduction. Most of the unrealized gains were in the common stocks of three U.S. financial institutions and one foreign manufacturer.

Additional detail about each of the Company’s reportable segments, and its corporate income and expenses, is set forth below:

Overall Financial Results (000)
For the six months ended March 31

	Reportable Segments
	Traditional Business						Journal Technologies						Corporate income and expenses						Total
	2020			2019			2020			2019			2020			2019			2020			2019
Revenues
Advertising	$	4,118		$	4,300		$	---		$	---		$	---		$	---		$	4,118		$	4,300
Circulation		2,598			2,611			---			---			---			---			2,598			2,611
Advertising service fees and other		1,348			1,293			---			---			---			---			1,348			1,293
Licensing and maintenance fees		---			---			10,715			9,430			---			---			10,715			9,430
Consulting fees		---			---			1,918			940			---			---			1,918			940
Other public service fees		---			---			3,336			2,566			---			---			3,336			2,566
Total revenues		8,064			8,204			15,969			12,936			---			---			24,033			21,140
Operating expenses
Salaries and employee benefits		5,164			5,203			13,401			12,243			---			---			18,565			17,446
Others		2,742			3,145			5,342			5,741			---			---			8,084			8,886
Total operating expenses		7,906			8,348			18,743			17,984			---			---			26,649			26,332
Income (loss) from operations		158			(144	)		(2,774	)		(5,048	)		---			---			(2,616	)		(5,192	)
Dividends and interest income		---			---			---			---			2,977			2,671			2,977			2,671
Other income		---			---			---			---			3			19			3			19
Net unrealized losses on investments		---			---			---			---			(57,680	)		(20,143	)		(57,680	)		(20,143	)
Interest expenses on note payable collateralized by real estate		(43	)		(45	)		---			---			---			---			(43	)		(45	)
Interest expenses on margin loans and others		---			---			---			---			(337	)		(425	)		(337	)		(425	)
Pretax income (loss)	$	115		$	(189	)	$	(2,774	)	$	(5,048	)	$	(55,037	)	$	(17,878	)	$	(57,696	)	$	(23,115	)

The Traditional Business

The Traditional Business had pretax income of $115,000, representing a $304,000 increase from a pretax loss of $189,000 in the prior year period.

Advertising revenues decreased by $182,000 to $4,118,000 from $4,300,000, primarily because of decreased display advertising net revenues of $252,000 (including conferences), classified advertising net revenues of $40,000 and trustee sale notice advertising net revenues of $57,000, partially offset by increased legal notice advertising net revenues of $152,000.

Trustee sale notices are very much dependent on the number of California and Arizona foreclosures for which public notice advertising is required by law. The number of foreclosure notices published by the Company decreased by 14% during the six months ended March 31, 2020 as compared to the prior year period. Unless the economic impact of the efforts to contain COVID-19 result in significant additional foreclosures in California and Arizona, management expects there will be fewer foreclosure notice and other public notice advertisements and declining revenues for all of fiscal 2020. The Company’s smaller newspapers, those other than the Los Angeles and San Francisco Daily Journals (“The Daily Journals”), accounted for about 87% of the total public notice advertising revenues in the six months ended March 31, 2020. Public notice advertising revenues and related advertising and other service fees constituted about 18% and 20% of the Company’s total revenues for the six months ended March 31, 2020 and 2019, respectively. Because of this concentration, the Company’s revenues would be significantly adversely affected if California and Arizona eliminated the legal requirement to publish public notices in adjudicated newspapers of general circulation, as was implemented in Arizona for one notice type that had represented approximately $500,000 in annual revenues for the Company. Also, if the adjudication of one or more of the Company’s newspapers was challenged and revoked, those newspapers would no longer be eligible to publish public notice advertising, and it could have a material adverse effect on the Company’s revenues.

The Daily Journals accounted for about 91% of the Traditional Business’ total circulation revenues, which declined by $13,000 to $2,598,000 from $2,611,000. The court rule and judicial profile services generated about 7% of the total circulation revenues, with the other newspapers and services accounting for the balance. Advertising service fees and other are Traditional Business segment revenues, which include primarily (i) agency commissions received from outside newspapers in which the advertising is placed, and (ii) fees generated when filing notices with government agencies.

The Traditional Business segment operating expenses decreased by $442,000 (5%) to $7,906,000 from $8,348,000, primarily due to decreased personnel costs and outside contract printing and distributing costs.

Journal Technologies

Journal Technologies’ business segment pretax loss decreased by $2,274,000 (45%) to $2,774,000 from $5,048,000 for the six months ended March 31, 2020 and 2019, respectively.

Revenues increased by $3,033,000 (23%) to $15,969,000 from $12,936,000 in the prior year period. Licensing and maintenance fees increased by $1,285,000 (14%) to $10,715,000 from $9,430,000. Consulting fees increased by $978,000 (104%) to $1,918,000 from $940,000 due to more go-lives.

Deferred revenues on installation contracts primarily represent the fair value of advances from customers of Journal Technologies for installation services and are recognized upon final project go-lives. Deferred revenues on license and maintenance contracts represent prepayments of annual license and maintenance fees and are recognized ratably over the maintenance period. Other public service fees increased by $770,000 (30%) to $3,336,000 from $2,566,000 primarily due to additional efiling fee revenues.

Operating expenses increased by $759,000 (4%) to $18,743,000 from $17,984,000, primarily because of increased salaries and employee benefit costs.

Taxes

The Company’s effective tax rate was 27% for the six months ended March 31, 2020 as compared with 29% in the prior year period.

Comparable three-month periods ended March 31, 2020 and 2019

Consolidated revenues were $12,356,000 and $10,712,000 for the three months ended March 31, 2020 and 2019, respectively. This increase of $1,644,000 (15%) was primarily from increased Journal Technologies’ license and maintenance fees of $865,000, consulting fees of $830,000 and public service fees of $22,000, partially offset by a reduction in the Traditional Business’ conference revenues of $80,000, classified advertising net revenues of $24,000 and trustee sale notice advertising net revenues of $20,000. The Company’s revenues derived from Journal Technologies’ operations constituted about 68% and 63% of the Company’s total revenues for the three months ended March 31, 2020 and 2019, respectively.

Consolidated operating expenses increased by $71,000 to $13,454,000 from $13,383,000. Total salaries and employee benefits increased by $887,000 (10%) to $9,678,000 from $8,791,000 primarily resulting from additional personnel costs for Journal Technologies. Outside services decreased by $90,000 (7%) to $1,154,000 from $1,244,000 mainly because of decreased contractor costs for Journal Technologies. Depreciation and amortization costs decreased by $22,000 to $128,000 from $150,000. Credit card merchant discount fees, which represent fees paid to credit card service providers to process payments for the public service fee revenues, increased by $13,000 (3%) to $388,000 from $375,000 mainly resulting from increased efilings. Rent expenses decreased by $87,000 (34%) to $170,000 from $257,000 because of the closure of both the San Francisco and Modesto offices in October 2019. Accounting and legal fees decreased by $194,000 (49%) to $202,000 from $396,000 primarily because of decreased legal fees to review and negotiate Journal Technologies’ contracts with customers, more of which was done in-house. Other general and administrative expenses decreased by $523,000 (38%) to $846,000 from $1,369,000 mainly resulting from reduced miscellaneous office equipment purchases.

The Company’s non-operating income, net of expenses, decreased by $85,494,000 to a loss of $76,088,000 from an income of $9,406,000 primarily because of the recording of net unrealized losses on investments of $77,211,000 during the three months ended March 31, 2020, as compared with net unrealized gains on investments of $8,497,000 during the prior year period.

During the three months ended March 31, 2020, consolidated pretax loss was $77,186,000, as compared with pretax income of $6,735,000 in the prior year period. There was consolidated net loss of $56,326,000 (-$40.79 per share) after tax benefits for the three months ended March 31, 2020, as compared with net income of $5,018,000 ($3.63 per share) in the prior year period.

Liquidity and Capital Resources

During the six months ended March 31, 2020, the Company’s cash and cash equivalents and marketable security positions decreased by $62,488,000, including unrealized losses on investments of $57,680,000. Cash and cash equivalents were used for the purchase of capital assets of $168,000 and operating activities of $4,578,000 which included net decreases of $3,735,000 in deferred subscriptions, deferred installation contracts and deferred maintenance agreements and others.

The investments in marketable securities, which had an adjusted cost basis of approximately $53,889,000 and a market value of about $136,901,000 at March 31, 2020, generated approximately $2,977,000 in dividends income during the six months ended March 31, 2020. These securities had approximately $83,012,000 of net unrealized gains before estimated taxes of $21,816,000 which will become due only when we sell securities in which there is unrealized appreciation. Beginning in fiscal 2019, changes in unrealized gains (losses) on investments are now included in the Company’s net income (loss) and thus may have a significant impact depending on the fluctuations of the market prices of the invested securities.

Cash flows from operating activities decreased by $1,203,000 during the six months ended March 31, 2020 as compared to the prior year period, primarily due to (i) decreases in accounts payable and accrued liabilities of $3,372,000 because of the timing difference in remitting efiling fees to the courts and (ii) decreases in net deferred subscriptions, deferred maintenance agreements and others and deferred installation contracts of $3,633,000, partially offset by decreases in accounts receivable of $3,228,000 resulting from more collections.

As of March 31, 2020, the Company had working capital of $124,574,000, including the liabilities for deferred subscriptions, deferred installation and maintenance agreements and others of $17,193,000.

The Company believes that it will be able to fund its operations for the foreseeable future through its cash flows from operations and its current working capital and expects that any such cash flows will be invested in its businesses. COVID-19 and the efforts to contain it, however, have significantly impacted the Company’s cash flows from operations and the value of its marketable securities portfolio. The Company may or may not have the ability to borrow additional amounts against its marketable securities and, among other possibilities, it may be required to consider selling some of those securities to generate cash if needed to fund ongoing operations.

As of March 31, 2020, the investments were concentrated in just six companies. Accordingly, a significant decline in the market value of one or more of the Company’s investments may not be offset by the hypothetically better performance of other investments, and that could result in a large decrease in the Company’s shareholders’ equity and net income, as it did in the three-month and six-month periods ending March 31, 2020.

Critical Accounting Policies and Estimates

The Company’s financial statements and accompanying notes are prepared in accordance with U.S. generally accepted accounting principles. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. These estimates and assumptions are affected by management’s application of accounting policies. Management believes that revenue recognition, accounting for software costs, fair value measurement and disclosures (including for the long-term Incentive Plan liabilities) and income taxes are critical accounting policies and estimates.

The Company’s critical accounting policies are detailed in its Annual Report on Form 10-K for the year ended September 30, 2019. The above discussion and analysis should be read in conjunction with the unaudited consolidated financial statements and notes thereto included in this report.

Disclosure Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements contained in this document, including but not limited to those in “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” are “forward-looking” statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. Words such as “expects,” “intends,” “anticipates,” “should,” “believes,” “will,” “plans,” “estimates,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise. There are many factors that could cause actual results to differ materially from those contained in the forward-looking statements. These factors include, among others: risks associated with software development and implementation efforts; Journal Technologies’ reliance on professional services engagements with justice agencies; material changes in the costs of postage and paper; possible changes in the law, particularly changes limiting or eliminating the requirements for public notice advertising; possible loss of the adjudicated status of the Company’s newspapers and their legal authority to publish public notice advertising; the impacts of COVID-19 and the efforts to contain it on the Company’s customers, advertisers and subscribers, particularly the closure or scaling back of operations of courts, justice agencies and other businesses; a further decline in public notice advertising revenues because of fewer foreclosures; a further decline in subscriber and commercial advertising revenues; possible security breaches of the Company’s software or websites; the Company’s reliance on its president and chief executive officer, who has reduced his work schedule due to a health issue; changes in accounting guidance; material weaknesses in the Company’s internal control over financial reporting; and declines in the market prices of the securities owned by the Company. In addition, such statements could be affected by general industry and market conditions, general economic conditions (particularly in California) and other factors. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements are discussed in this Form 10-Q, including in conjunction with the forward-looking statements themselves. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in documents filed by the Company with the Securities and Exchange Commission, including in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2019.

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For information regarding the Company’s market risk, refer to Item 7A – Quantitative and Qualitative Disclosures about Market Risk in the Company’s Form 10-K for the fiscal year ended September 30, 2019. There have been no material changes to the Company’s market risk exposures since September 30, 2019.

Item 4. CONTROLS AND PROCEDURES

In light of the material weaknesses in the Company’s internal control over financial reporting discussed in the Company’s Form 10-K for the fiscal year ended September 30, 2019, management concluded that the Company’s disclosure controls and procedures were not effective as of March 31, 2020. There were no material changes in the Company’s internal control over financial reporting or in other factors reasonably likely to affect its internal control over financial reporting during the quarter ended March 31, 2020.

PART II

Item 1A. Risk Factors

Except as set forth below, as of the date of this report, there have been no material changes to the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended September 30, 2019.

The Company’s business is likely to be materially and adversely affected by an epidemic or pandemic such as COVID-19, or by a similar event or the fear of such an event, and the measures that governmental authorities implement to address it.

As COVID-19 began to spread in March and April 2020, governmental authorities and health officials implemented numerous unprecedented measures to contain the virus, including “stay at home” orders for non-essential workers, travel restrictions, quarantines and business shutdowns. Most of Journal Technologies’ customers, which are primarily courts and governmental agencies in the United States and Canada, are either closed or have significantly scaled back their activities. Similarly, many law firms and companies from which the Traditional Business derives advertising and subscription revenues have also curtailed their operations and spending.

The impact on economic activity of these actions or similar actions in the future are likely to significantly impact the Traditional Business’ advertising and subscription revenues. The trend of working from home and using on-line services is also likely to put additional pressure on the newspaper business by impacting circulation numbers that may not be replaced by on-line revenues. Actions restricting travel, requiring non-essential workers to “stay at home” or causing courts and justice agencies to close or cut back operations can impact the ability of Journal Technologies to complete certain projects that are typically done in-person (and for which payment is usually received upon completion), reduce efiling revenues, affect procurement processes and result in overall payment delays. In addition, the Company relies on its portfolio of marketable securities for dividend income and balance sheet support, and the value of the portfolio can be materially affected by declines in stock prices, particularly among the common stocks of the three U.S. financial institutions that make up a substantial portion of the portfolio.

Due to the uncertainties associated with the duration and severity of an event like COVID-19, the efforts to contain it, and the changes in business operations and personal behaviors that are likely to follow from it, it is difficult to estimate the magnitude of its impact on the Company’s business in future periods, but it could materially affect the Company’s operations, staffing levels, financial condition, liquidity and cash flows going forward.

Item 6. Exhibits

	31	Certification by Chief Executive Officer and Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

	32	Certification by Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

	101.INS**	XBRL Instance

	101.SCH**	XBRL Taxonomy Extension Schema

	101.CAL**	XBRL Taxonomy Extension Calculation

	101.DEF**	XBRL Taxonomy Extension Definition

	101.LAB**	XBRL Taxonomy Extension Labels

	101.PRE**	XBRL Taxonomy Extension Presentation

	** XBRL	information is furnished and not filed as a part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

DAILY JOURNAL CORPORATION

(Registrant)

/s/ Gerald L. Salzman

Chief Executive Officer

President

Chief Financial Officer

Treasurer

(Principal Executive Officer,

Principal Financial Officer and

Principal Accounting Officer)

DATE: May 11, 2020

EX-31 2 ex_185612.htm EXHIBIT 31 ex_185612.htm

Exhibit 31

CERTIFICATIONS BY CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Gerald L. Salzman, certify that:

I have reviewed this quarterly report on Form 10-Q of Daily Journal Corporation;

Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 11, 2020

/s/ Gerald L. Salzman

______________________________

Gerald L. Salzman

Chief Executive Officer, President,

Chief Financial Officer and Treasurer

EX-32 3 ex_185613.htm EXHIBIT 32 ex_185613.htm

Exhibit 32

CERTIFICATION BY CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Daily Journal Corporation (the "Company") for the period ended March 31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Gerald L. Salzman, President, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Gerald L. Salzman

____________________________________________

Gerald L. Salzman
Chief Executive Officer, President,
Chief Financial Officer and Treasurer

May 11, 2020

The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350, and is not being filed as part of the Report or as a separate disclosure document.

EX-101.INS 4 djco-20200331.xml XBRL INSTANCE DOCUMENT false --09-30 Q2 2020 2020-03-31 10-Q 0000783412 1380746 Yes false Accelerated Filer Yes DAILY JOURNAL CORPORATION false false Common Stock, par value $.01 per share djco 2287000 1471000 7738000 388000 375000 770000 645000 11661000 12596000 1811000 1036000 504000 410000 826000 753000 83012000 140692000 2188000 2119000 187000 29493000 29493000 16599000 16499000 83012000 140692000 193000 186000 371000 362000 43000 1154000 1244000 2014000 2402000 191000 205000 401000 409000

343000

230000

3061000

4520000

6347000

7036000

5216000

5173000

9828000

9572000

1755000

200000

3.6

30700

174735000

237376000

16074000

19578000

139083000

17399000

31710000

194354000

243463000

150173000

212948000

10630000

9301000

5822000

5782000

-4808000

-3519000

0.01

5000000

1805053

14000

-56326000

5018000

-42116000

-16515000

0.68

0.66

0.63

0.61

0.01

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 18pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Beginning</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Balance</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Oct. 1, 2019</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Addition</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Recognized</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Ending</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Balance</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31, 2020</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 48%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deferred subscriptions</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,195,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,287,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,598,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,884,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deferred installation contracts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,932,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,471,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,295,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,108,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deferred maintenance agreements and others</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">16,057,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,738,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(10,338,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,457,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div>

3195000

2884000

1932000

1108000

16057000

13457000

2884000

3195000

1108000

1932000

13201000

15722000

256000

335000

2598000

2295000

10338000

0.005

0.0075

17600

21816000

37241000

-15265000

-6486000

128000

150000

256000

303000

256000

304000

-40.79

3.63

-30.50

-11.96

0.27

0.29

136901000

194581000

53889000

-77186000

6735000

-57696000

-23115000

115000

-2774000

-55037000

-189000

-5048000

-17878000

3000

-1122000

-76067000

-157000

-2536000

9428000

57696000

23115000

-15580000

-6600000

-20860000

1717000

30000

-925000

-14685000

-115000

-1300000

-5185000

-415000

-20445000

-35000

-715000

2467000

15425000

1000

-121000

470000

153000

-1459000

1751000

-689000

2539000

-226000

-64000

-311000

-196000

-2600000

220000

-824000

-126000

317000

-7000

-3000

85000

-123000

21000

22000

153000

219000

43000

45000

337000

425000

43000

337000

45000

425000

21000

153000

22000

219000

390000

470000

40000

1297000

1141000

2977000

2671000

2977000

2671000

1297000

1141000

9678000

8791000

18565000

17446000

174735000

237376000

25599000

30668000

53552000

69008000

2260000

1770000

129000

126000

0.0466

1644000

1709000

1749000

1750000

136901000

194581000

136901000

194581000

77211000

57680000

8497000

20143000

-62000

-60000

-168000

-84000

-4578000

-3375000

-42116000

-16515000

-56326000

5018000

85000

-1849000

-40352000

-74000

-3748000

-12693000

3000

-707000

-55622000

-122000

-1821000

6961000

-21533000

5018000

14210000

-56326000

2016 2017 2018 2019

2015 2016 2017 2018 2019

13454000

13383000

26649000

26332000

7906000

18743000

8348000

17984000

3908000

9546000

4140000

9243000

-1098000

-2671000

-2616000

-5192000

158000

-2774000

-144000

-5048000

24000

-1122000

-135000

-2536000

170000

257000

342000

515000

382000

846000

1369000

2646000

2698000

9000

3000

19000

3000

19000

9000

1240000

168000

84000

99000

69000

50000

34000

64000

7000

71000

0.01

5000000

593000

508000

29500000

202000

396000

458000

799000

20536000

20368000

10708000

10796000

62000

60000

93815000

135931000

8064000

5466000

2598000

15969000

5631000

10338000

8204000

5593000

2611000

12936000

4035000

8901000

3932000

2646000

1286000

8424000

3177000

5247000

4005000

2732000

1273000

6707000

2100000

4607000

1992000

2108000

1286000

1273000

654000

624000

5505000

4640000

1229000

399000

1690000

1668000

12356000

10712000

4118000

4300000

2598000

2611000

1348000

1293000

10715000

9430000

1918000

940000

3336000

2566000

24033000

21140000

4118000

2598000

1348000

10715000

1918000

3336000

4300000

2611000

1293000

9430000

940000

2566000

1992000

1286000

654000

5505000

1229000

1690000

2108000

1273000

624000

4640000

399000

1668000

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Six months ended March 31, 2020</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,118,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,118,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,598,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,598,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,348,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,348,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,715,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,715,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,918,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,918,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,336,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,336,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,906,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">18,743,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">26,649,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">158,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,774,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,616,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,977,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,977,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized losses on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(57,680,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(57,680,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(43,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(43,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans and others</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(337,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(337,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">115,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,774,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(55,037,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(57,696,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax (expense) benefit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(30,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">925,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">14,685,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">15,580,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">85,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,849,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(40,352,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(42,116,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">16,074,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,578,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">139,083,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">174,735,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">99,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">69,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">168,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Six months ended March 31, 2019</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,300,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,300,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,611,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,611,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,293,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,293,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,430,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,430,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">940,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">940,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,566,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,566,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,348,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">17,984,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">26,332,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Loss from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(144,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(5,048,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(5,192,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,671,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,671,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized losses on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(20,143,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(20,143,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(45,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(45,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(425,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(425,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax loss</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(189,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(5,048,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(17,878,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(23,115,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax benefit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">115,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,300,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,185,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">6,600,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net loss</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(74,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(3,748,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(12,693,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(16,515,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">17,399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">31,710,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">194,354,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">243,463,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">50,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">34,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">84,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Three months ended March 31, 2020</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,992,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,992,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,286,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,286,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">654,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">654,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,505,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,505,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,229,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,229,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,690,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,690,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,908,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,546,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,454,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">24,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,122,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,098,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,297,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,297,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized losses on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(77,211,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(77,211,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(21,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(21,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans and others</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(153,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(153,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,122,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(76,067,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(77,186,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax benefit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">415,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">20,445,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">20,860,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(707,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(55,622,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(56,326,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">16,074,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,578,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">139,083,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">174,735,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">64,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">71,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Three months ended March 31, 2019</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,108,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,108,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,273,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,273,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">624,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">624,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,640,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,640,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,668,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,668,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,140,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,243,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,383,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Loss from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(135,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,536,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,671,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,141,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,141,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized gains on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,497,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,497,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(22,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(22,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(219,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(219,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(157,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,536,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,428,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">6,735,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax benefit (expense)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">35,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">715,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,467,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,717,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net (loss) income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(122,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,821,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">6,961,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,018,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">17,399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">31,710,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">194,354,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">243,463,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div>

<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Note <div style="display: inline; font-style: italic; font: inherit;">10</div> - Operating Segments</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">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:</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Six months ended March 31, 2020</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,118,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,118,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,598,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,598,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,348,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,348,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,715,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,715,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,918,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,918,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,336,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,336,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,906,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">18,743,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">26,649,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">158,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,774,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,616,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,977,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,977,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized losses on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(57,680,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(57,680,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(43,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(43,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans and others</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(337,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(337,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">115,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,774,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(55,037,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(57,696,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax (expense) benefit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(30,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">925,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">14,685,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">15,580,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">85,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,849,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(40,352,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(42,116,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">16,074,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,578,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">139,083,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">174,735,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">99,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">69,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">168,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table> </div> <div style=" margin: 0pt;"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Six months ended March 31, 2019</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,300,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,300,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,611,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,611,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,293,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,293,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,430,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,430,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">940,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">940,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,566,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,566,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,348,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">17,984,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">26,332,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Loss from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(144,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(5,048,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(5,192,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,671,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,671,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized losses on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(20,143,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(20,143,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(45,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(45,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(425,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(425,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax loss</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(189,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(5,048,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(17,878,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(23,115,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax benefit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">115,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,300,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,185,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">6,600,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net loss</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(74,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(3,748,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(12,693,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(16,515,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">17,399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">31,710,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">194,354,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">243,463,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">50,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">34,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">84,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </div> <div style="width: 100%; margin-left: 0pt; margin-right: 0pt"> <div style="text-align: center; width: 100%"> <div> <div style="text-align: center; font-size: 10pt; font-family: Times New Roman;"> <div style="display: inline; font-style: italic; font: inherit;"></div> </div> </div> </div> <div style="text-align: left; width: 100%"> <div> <div> </div> </div> </div> </div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Three months ended March 31, 2020</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,992,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,992,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,286,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,286,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">654,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">654,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,505,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,505,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,229,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,229,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,690,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,690,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,908,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,546,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,454,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">24,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,122,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,098,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,297,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,297,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized losses on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(77,211,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(77,211,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(21,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(21,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans and others</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(153,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(153,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,122,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(76,067,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(77,186,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax benefit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">415,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">20,445,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">20,860,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(707,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(55,622,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(56,326,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">16,074,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">19,578,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">139,083,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">174,735,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">64,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">71,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table> </div> <div style=" margin: 0pt;"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Reportable Segments</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Traditional</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Business</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Journal</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Technologies</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Corporate income</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">and expenses</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:2.95pt;margin-top:0pt;text-align:center;">Total</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Three months ended March 31, 2019</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Revenues</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,108,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,108,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Circulation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,273,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,273,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Advertising service fees and other</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">624,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">624,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Licensing and maintenance fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,640,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,640,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Consulting fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">Other public service fees</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,668,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,668,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,140,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,243,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,383,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Loss from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(135,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,536,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,671,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Dividends and interest income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,141,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,141,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net unrealized gains on investments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,497,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,497,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on note payable collateralized by real estate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(22,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(22,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Interest expenses on margin loans</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(219,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(219,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Pretax income (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(157,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,536,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,428,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">6,735,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Income tax benefit (expense)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">35,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">715,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,467,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,717,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Net (loss) income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(122,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(1,821,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">6,961,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,018,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total assets</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">17,399,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">31,710,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">194,354,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">243,463,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Capital expenditures</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">---</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">During the <div style="display: inline; font-style: italic; font: inherit;">six</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020, </div>the Traditional Business had total revenues of <div style="display: inline; font-style: italic; font: inherit;">$8,064,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$5,466,000</div> were recognized, at a point of time, after services were provided, and <div style="display: inline; font-style: italic; font: inherit;">$2,598,000</div> were recognized ratably over the subscription terms. Total revenues for the Journal Technologies’ software business were <div style="display: inline; font-style: italic; font: inherit;">$15,969,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$5,631,000</div> were recognized upon completion of services with customer acceptance, while <div style="display: inline; font-style: italic; font: inherit;">$10,338,000</div> were recognized ratably over the license and maintenance periods.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">During the <div style="display: inline; font-style: italic; font: inherit;">six</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019, </div>the Traditional Business had total revenues of <div style="display: inline; font-style: italic; font: inherit;">$8,204,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$5,593,000</div> were recognized, at a point of time, after services were provided, and <div style="display: inline; font-style: italic; font: inherit;">$2,611,000</div> were recognized ratably over the subscription terms. Total revenues for the Company’s software business were <div style="display: inline; font-style: italic; font: inherit;">$12,936,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$4,035,000</div> were recognized upon completion of services with customer acceptance, while <div style="display: inline; font-style: italic; font: inherit;">$8,901,000</div> were recognized ratably over the license and maintenance periods.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style="width: 100%; margin-left: 0pt; margin-right: 0pt"> <div style="text-align: center; width: 100%"> <div> <div style="text-align: center; font-size: 10pt; font-family: Times New Roman;"> <div style="display: inline; font-style: italic; font: inherit;"></div> </div> </div> </div> </div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">During the <div style="display: inline; font-style: italic; font: inherit;">three</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020, </div>the Traditional Business had total revenues of <div style="display: inline; font-style: italic; font: inherit;">$3,932,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$2,646,000</div> were recognized, at a point of time, after services were provided, and <div style="display: inline; font-style: italic; font: inherit;">$1,286,000</div> were recognized ratably over the subscription terms. Total revenues for the Journal Technologies’ software business were <div style="display: inline; font-style: italic; font: inherit;">$8,424,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$3,177,000</div> were recognized upon completion of services with customer acceptance, while <div style="display: inline; font-style: italic; font: inherit;">$5,247,000</div> were recognized ratably over the license and maintenance periods.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">During the <div style="display: inline; font-style: italic; font: inherit;">three</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019, </div>the Traditional Business had total revenues of <div style="display: inline; font-style: italic; font: inherit;">$4,005,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$2,732,000</div> were recognized, at a point of time, after services were provided, and <div style="display: inline; font-style: italic; font: inherit;">$1,273,000</div> were recognized ratably over the subscription terms. Total revenues for the Company’s software business were <div style="display: inline; font-style: italic; font: inherit;">$6,707,000</div> of which <div style="display: inline; font-style: italic; font: inherit;">$2,100,000</div> were recognized upon completion of services with customer acceptance, while <div style="display: inline; font-style: italic; font: inherit;">$4,607,000</div> were recognized ratably over the subscription periods.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">Approximately <div style="display: inline; font-style: italic; font: inherit;">68%</div> and <div style="display: inline; font-style: italic; font: inherit;">66%</div> of the Company’s revenues during the <div style="display: inline; font-style: italic; font: inherit;">three</div>- and <div style="display: inline; font-style: italic; font: inherit;">six</div>-month periods ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020 </div>were derived from Journal Technologies, as compared with <div style="display: inline; font-style: italic; font: inherit;">63%</div> and <div style="display: inline; font-style: italic; font: inherit;">61%</div> in the prior year periods. In addition, the Company’s revenues have been primarily from the United States with approximately <div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">1%</div></div></div></div> from foreign countries. Journal Technologies’ revenues are primarily from governmental agencies.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">The following table sets forth certain deferred obligations from <div style="display: inline; font-style: italic; font: inherit;"> October 1, 2019 </div>through <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020:</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 18pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Beginning</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Balance</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Oct. 1, 2019</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Addition</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Recognized</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Ending</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Balance</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31, 2020</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 48%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deferred subscriptions</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,195,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,287,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,598,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,884,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deferred installation contracts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,932,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,471,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,295,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,108,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deferred maintenance agreements and others</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">16,057,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,738,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(10,338,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,457,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table> </div></div>

1805053

-424307

1805053

-424307

1805053

-424307

1805053

-424307

1805053

-424307

1805053

-424307

95584000

137700000

18000

-4000

1755000

45361000

115786000

162916000

115786000

-115786000

18000

-4000

1755000

139614000

141383000

18000

-4000

1755000

144632000

146401000

18000

-4000

1755000

135931000

18000

-4000

1755000

150141000

151910000

18000

-4000

1755000

93815000

<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">Note <div style="display: inline; font-style: italic; font: inherit;">11</div> - Subsequent Events</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;"> </div> <div style=" background-color: rgb(255, 255, 255); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">On <div style="display: inline; font-style: italic; font: inherit;"> March 13, 2020, </div>the United States declared the outbreak of COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> to be a national emergency, and several states and municipalities have declared public health emergencies. Unprecedented actions have been taken by public health and governmental authorities to contain and combat the spread of COVID-<div style="display: inline; font-style: italic; font: inherit;">19,</div> including “stay-at-home” orders and similar mandates that restrict the daily activities of individuals and limit the operation of businesses that are deemed “non-essential.” In addition, most of Journal Technologies’ customers, which are primarily courts and governmental agencies in the United States and Canada, are either closed or have significantly scaled back their activities. Similarly, many law firms and companies from which the Traditional Business derives advertising and subscription revenues have also curtailed their operations and spending.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">In light of this extraordinary and ongoing situation, on <div style="display: inline; font-style: italic; font: inherit;"> April 30, 2020, </div>the Company made the difficult decision to reorganize its part-time and full-time workforce at both the Traditional Business and Journal Technologies, which included some layoffs and temporary furloughs.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 21.55pt;">Except for the personnel reorganization mentioned above, the Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that <div style="display: inline; font-style: italic; font: inherit;">no</div> subsequent events occurred that required recognition to the financial statements or disclosures in the Notes to Consolidated Financial Statements.</div></div>

424307

-57680000

-20143000

-77211000

8497000

-57680000

-20143000

-77211000

8497000

1380746

included goodwill impairment of $13,400,000 xbrli:shares xbrli:pure utr:sqft utr:acre iso4217:USD iso4217:USD xbrli:shares 0000783412 djco:MarginAccountMember 2012-10-01 2013-09-30 0000783412 djco:MarginAccountMember djco:FedFundsRateMember 2012-10-01 2013-09-30 0000783412 djco:RealEstateBankLoanSecuredByLoganOfficeMember 2015-11-01 2015-11-30 0000783412 us-gaap:LandAndBuildingMember stpr:UT 2015-11-01 2015-11-30 0000783412 2018-10-01 2018-12-31 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-10-01 2018-12-31 0000783412 us-gaap:AdditionalPaidInCapitalMember 2018-10-01 2018-12-31 0000783412 us-gaap:CommonStockMember 2018-10-01 2018-12-31 0000783412 us-gaap:RetainedEarningsMember 2018-10-01 2018-12-31 0000783412 us-gaap:TreasuryStockMember 2018-10-01 2018-12-31 0000783412 2018-10-01 2019-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember us-gaap:NonUsMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:MarginAccountMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:RealEstateBankLoanSecuredByLoganOfficeMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:AdvertisingMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:AdvertisingServiceFeesAndOtherMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:ConsultingFeesMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:LicenseAndMaintenanceMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2018-10-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:SubscriptionAndCirculationMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 djco:MarginAccountMember 2018-10-01 2019-03-31 0000783412 djco:RealEstateBankLoanSecuredByLoganOfficeMember 2018-10-01 2019-03-31 0000783412 us-gaap:AdvertisingMember 2018-10-01 2019-03-31 0000783412 djco:AdvertisingServiceFeesAndOtherMember 2018-10-01 2019-03-31 0000783412 djco:ConsultingFeesMember 2018-10-01 2019-03-31 0000783412 djco:InstallationContractsMember 2018-10-01 2019-03-31 0000783412 us-gaap:LicenseAndMaintenanceMember 2018-10-01 2019-03-31 0000783412 us-gaap:ServiceOtherMember 2018-10-01 2019-03-31 0000783412 us-gaap:SubscriptionAndCirculationMember 2018-10-01 2019-03-31 0000783412 djco:JournalTechnologiesMember 2018-10-01 2019-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredAtPointInTimeMember 2018-10-01 2019-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredOverTimeMember 2018-10-01 2019-03-31 0000783412 djco:TraditionalBusinessMember 2018-10-01 2019-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredAtPointInTimeMember 2018-10-01 2019-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredOverTimeMember 2018-10-01 2019-03-31 0000783412 2019-01-01 2019-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember us-gaap:NonUsMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:MarginAccountMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:RealEstateBankLoanSecuredByLoganOfficeMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:AdvertisingMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:AdvertisingServiceFeesAndOtherMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:ConsultingFeesMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:LicenseAndMaintenanceMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2019-01-01 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:SubscriptionAndCirculationMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 djco:MarginAccountMember 2019-01-01 2019-03-31 0000783412 djco:RealEstateBankLoanSecuredByLoganOfficeMember 2019-01-01 2019-03-31 0000783412 us-gaap:AdvertisingMember 2019-01-01 2019-03-31 0000783412 djco:AdvertisingServiceFeesAndOtherMember 2019-01-01 2019-03-31 0000783412 djco:ConsultingFeesMember 2019-01-01 2019-03-31 0000783412 us-gaap:LicenseAndMaintenanceMember 2019-01-01 2019-03-31 0000783412 us-gaap:ServiceOtherMember 2019-01-01 2019-03-31 0000783412 us-gaap:SubscriptionAndCirculationMember 2019-01-01 2019-03-31 0000783412 djco:JournalTechnologiesMember 2019-01-01 2019-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0000783412 djco:TraditionalBusinessMember 2019-01-01 2019-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0000783412 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000783412 2019-10-01 2019-12-31 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-10-01 2019-12-31 0000783412 us-gaap:AdditionalPaidInCapitalMember 2019-10-01 2019-12-31 0000783412 us-gaap:CommonStockMember 2019-10-01 2019-12-31 0000783412 us-gaap:RetainedEarningsMember 2019-10-01 2019-12-31 0000783412 us-gaap:TreasuryStockMember 2019-10-01 2019-12-31 0000783412 2019-10-01 2020-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember us-gaap:NonUsMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:MarginAccountMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:RealEstateBankLoanSecuredByLoganOfficeMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:AdvertisingMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:AdvertisingServiceFeesAndOtherMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:ConsultingFeesMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:LicenseAndMaintenanceMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2019-10-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:SubscriptionAndCirculationMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 djco:MarginAccountMember 2019-10-01 2020-03-31 0000783412 djco:RealEstateBankLoanSecuredByLoganOfficeMember 2019-10-01 2020-03-31 0000783412 us-gaap:AdvertisingMember 2019-10-01 2020-03-31 0000783412 djco:AdvertisingServiceFeesAndOtherMember 2019-10-01 2020-03-31 0000783412 djco:ConsultingFeesMember 2019-10-01 2020-03-31 0000783412 djco:InstallationContractsMember 2019-10-01 2020-03-31 0000783412 us-gaap:LicenseAndMaintenanceMember 2019-10-01 2020-03-31 0000783412 us-gaap:ServiceOtherMember 2019-10-01 2020-03-31 0000783412 us-gaap:SubscriptionAndCirculationMember 2019-10-01 2020-03-31 0000783412 djco:JournalTechnologiesMember 2019-10-01 2020-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredAtPointInTimeMember 2019-10-01 2020-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredOverTimeMember 2019-10-01 2020-03-31 0000783412 djco:TraditionalBusinessMember 2019-10-01 2020-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredAtPointInTimeMember 2019-10-01 2020-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredOverTimeMember 2019-10-01 2020-03-31 0000783412 2020-01-01 2020-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember us-gaap:NonUsMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:MarginAccountMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:RealEstateBankLoanSecuredByLoganOfficeMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:AdvertisingMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:AdvertisingServiceFeesAndOtherMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember djco:ConsultingFeesMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:LicenseAndMaintenanceMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2020-01-01 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember us-gaap:SubscriptionAndCirculationMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:MarginAccountMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:RealEstateBankLoanSecuredByLoganOfficeMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:AdvertisingMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:AdvertisingServiceFeesAndOtherMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:ConsultingFeesMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:LicenseAndMaintenanceMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember us-gaap:SubscriptionAndCirculationMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 djco:MarginAccountMember 2020-01-01 2020-03-31 0000783412 djco:RealEstateBankLoanSecuredByLoganOfficeMember 2020-01-01 2020-03-31 0000783412 us-gaap:DomesticCountryMember 2020-01-01 2020-03-31 0000783412 us-gaap:StateAndLocalJurisdictionMember 2020-01-01 2020-03-31 0000783412 us-gaap:AdvertisingMember 2020-01-01 2020-03-31 0000783412 djco:AdvertisingServiceFeesAndOtherMember 2020-01-01 2020-03-31 0000783412 djco:ConsultingFeesMember 2020-01-01 2020-03-31 0000783412 us-gaap:LicenseAndMaintenanceMember 2020-01-01 2020-03-31 0000783412 us-gaap:ServiceOtherMember 2020-01-01 2020-03-31 0000783412 us-gaap:SubscriptionAndCirculationMember 2020-01-01 2020-03-31 0000783412 djco:JournalTechnologiesMember 2020-01-01 2020-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-03-31 0000783412 djco:JournalTechnologiesMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-03-31 0000783412 djco:TraditionalBusinessMember 2020-01-01 2020-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-03-31 0000783412 djco:TraditionalBusinessMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-03-31 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0000783412 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000783412 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0000783412 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0000783412 us-gaap:TreasuryStockMember 2020-01-01 2020-03-31 0000783412 djco:RealEstateBankLoanSecuredByLoganOfficeMember 2015-11-30 0000783412 us-gaap:BuildingMember stpr:UT 2015-11-30 0000783412 us-gaap:LandMember stpr:UT 2015-11-30 0000783412 2018-09-30 0000783412 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2018-09-30 0000783412 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000783412 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000783412 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:CommonStockMember 2018-09-30 0000783412 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:RetainedEarningsMember 2018-09-30 0000783412 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:TreasuryStockMember 2018-09-30 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000783412 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000783412 us-gaap:CommonStockMember 2018-09-30 0000783412 us-gaap:RetainedEarningsMember 2018-09-30 0000783412 us-gaap:TreasuryStockMember 2018-09-30 0000783412 2018-12-31 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000783412 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000783412 us-gaap:CommonStockMember 2018-12-31 0000783412 us-gaap:RetainedEarningsMember 2018-12-31 0000783412 us-gaap:TreasuryStockMember 2018-12-31 0000783412 2019-03-31 0000783412 us-gaap:CorporateNonSegmentMember 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:JournalTechnologiesMember 2019-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:TraditionalBusinessMember 2019-03-31 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000783412 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000783412 us-gaap:CommonStockMember 2019-03-31 0000783412 us-gaap:RetainedEarningsMember 2019-03-31 0000783412 us-gaap:TreasuryStockMember 2019-03-31 0000783412 2019-09-30 0000783412 us-gaap:CommonStockMember 2019-09-30 0000783412 djco:InstallationContractsMember 2019-09-30 0000783412 us-gaap:LicenseAndMaintenanceMember 2019-09-30 0000783412 us-gaap:SubscriptionAndCirculationMember 2019-09-30 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000783412 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000783412 us-gaap:CommonStockMember 2019-09-30 0000783412 us-gaap:RetainedEarningsMember 2019-09-30 0000783412 us-gaap:TreasuryStockMember 2019-09-30 0000783412 2019-12-31 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000783412 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000783412 us-gaap:CommonStockMember 2019-12-31 0000783412 us-gaap:RetainedEarningsMember 2019-12-31 0000783412 us-gaap:TreasuryStockMember 2019-12-31 0000783412 2020-03-31 0000783412 us-gaap:AccountingStandardsUpdate201602Member 2020-03-31 0000783412 us-gaap:CorporateNonSegmentMember 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:JournalTechnologiesMember 2020-03-31 0000783412 us-gaap:OperatingSegmentsMember djco:TraditionalBusinessMember 2020-03-31 0000783412 djco:MarginAccountMember djco:FedFundsRateMember 2020-03-31 0000783412 us-gaap:CommonStockMember 2020-03-31 0000783412 djco:InstallationContractsMember 2020-03-31 0000783412 us-gaap:LicenseAndMaintenanceMember 2020-03-31 0000783412 us-gaap:SubscriptionAndCirculationMember 2020-03-31 0000783412 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0000783412 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0000783412 us-gaap:CommonStockMember 2020-03-31 0000783412 us-gaap:RetainedEarningsMember 2020-03-31 0000783412 us-gaap:TreasuryStockMember 2020-03-31 0000783412 2020-04-30

EX-101.SCH 5 djco-20200331.xsd XBRL TAXONOMY EXTENSION SCHEMA 000 - Document - Document And Entity Information link:calculationLink link:definitionLink link:presentationLink 001 - Statement - Consolidated Balance Sheets (Current Period Unaudited) link:calculationLink link:definitionLink link:presentationLink 002 - Statement - Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) link:calculationLink link:definitionLink link:presentationLink 003 - Statement - Consolidated Statements of Comprehensive (Loss) Income (Unaudited) link:calculationLink link:definitionLink link:presentationLink 004 - Statement - Consolidated Statements of Shareholders' Equity (Unaudited) link:calculationLink link:definitionLink link:presentationLink 005 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:calculationLink link:definitionLink link:presentationLink 006 - Disclosure - Note 1 - The Corporation and Operations link:calculationLink link:definitionLink link:presentationLink 007 - Disclosure - Note 2 - Basis of Presentation link:calculationLink link:definitionLink link:presentationLink 008 - Disclosure - Note 3 - Accounting Standards Adopted in Fiscal 2020 link:calculationLink link:definitionLink link:presentationLink 009 - Disclosure - Note 4 - Revenue Recognition link:calculationLink link:definitionLink link:presentationLink 011 - Disclosure - Note 6 - Investments in Marketable Securities link:calculationLink link:definitionLink link:presentationLink 012 - Disclosure - Note 7 - Income Taxes link:calculationLink link:definitionLink link:presentationLink 013 - Disclosure - Note 8 - Debts and Commitments link:calculationLink link:definitionLink link:presentationLink 014 - Disclosure - Note 9 - Contingencies link:calculationLink link:definitionLink link:presentationLink 015 - Disclosure - Note 10 - Operating Segments link:calculationLink link:definitionLink link:presentationLink 016 - Disclosure - Note 11 - Subsequent Events link:calculationLink link:definitionLink link:presentationLink 017 - Disclosure - Note 6 - Investments in Marketable Securities (Tables) link:calculationLink link:definitionLink link:presentationLink 018 - Disclosure - Note 10 - Operating Segments (Tables) link:calculationLink link:definitionLink link:presentationLink 019 - Disclosure - Note 3 - Accounting Standards Adopted in Fiscal 2020 (Details Textual) link:calculationLink link:definitionLink link:presentationLink 020 - Disclosure - Note 6 - Investments in Marketable Securities (Details Textual) link:calculationLink link:definitionLink link:presentationLink 021 - Disclosure - Note 6 - Investments in Marketable Securities - Summary of Investments (Details) link:calculationLink link:definitionLink link:presentationLink 022 - Disclosure - Note 7 - Income Taxes (Details Textual) link:calculationLink link:definitionLink link:presentationLink 023 - Disclosure - Note 8 - Debts and Commitments (Details Textual) link:calculationLink link:definitionLink link:presentationLink 024 - Disclosure - Note 10 - Operating Segments (Details Textual) link:calculationLink link:definitionLink link:presentationLink 025 - Disclosure - Note 10 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) link:calculationLink link:definitionLink link:presentationLink 026 - Disclosure - Note 10 - Operating Segments - Deferred Revenue Obligations (Details) link:calculationLink link:definitionLink link:presentationLink EX-101.CAL 6 djco-20200331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 7 djco-20200331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 8 djco-20200331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information Other income (expense) Note To Financial Statement Details Textual Note 6 - Investments in Marketable Securities Note 10 - Operating Segments Note 6 - Investments in Marketable Securities - Summary of Investments (Details) Note 10 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) Note 10 - Operating Segments - Deferred Revenue Obligations (Details) Notes To Financial Statements Installation Contracts [Member] Category of revenue by arrangement for installation contracts. Long term liabilities Notes To Financial Statements [Abstract] Income Tax Disclosure [Text Block] Total current liabilities Amortized/adjusted cost basis us-gaap_DepreciationDepletionAndAmortization Depreciation and amortization us-gaap_LoansPayableToBankCurrent Note payable collateralized by real estate us-gaap_AssetsCurrent Total current assets Income tax receivable Common stock, treasury shares (in shares) Consulting Fees [Member] Fee for consulting services. Advertising Service Fees and Other [Member] Assistance including advertising service fees and other. Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at March 31, 2020 and September 30, 2019 Financial Instruments [Domain] Adjustments to reconcile net loss to net cash used in operations Common stock, shares authorized (in shares) Common stock, shares issued (in shares) Deferred revenue Financial Instrument [Axis] Common stock, par value (in dollars per share) Accrued liabilities Accounts payable Product and Service [Axis] Product and Service [Domain] Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued Journal Technologies [Member] Represents the company's Journal Technologies reportable segment, which is an aggregation of more than one technology operating segment. Preferred stock, shares issued (in shares) Interest paid during period us-gaap_PolicyTextBlockAbstract Accounting Policies Geographical [Axis] Geographical [Domain] Preferred stock, shares authorized (in shares) us-gaap_DeferredIncomeTaxLiabilities Deferred income taxes Inventories Preferred stock, par value (in dollars per share) Revenues Revenue from Contract with Customer, Including Assessed Tax Capital expenditures us-gaap_PaymentsToAcquirePropertyPlantAndEquipment Payments to Acquire Property, Plant, and Equipment, Total Purchases of property, plant and equipment Net income taxes paid (refunded) Current liabilities djco_IncomeTaxReconciliationTaxCreditCARESAct Income Tax Reconciliation, Tax Credit, CARES Act Amount of reported income tax expense (benefit) in excess of (less than) expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operations, attributable to Coronavirus Aid, Relief and Economic Security ("CARES") Act. Total assets Total Assets Cumulative Effect, Period of Adoption [Domain] Cumulative Effect, Period of Adoption [Axis] Cumulative Effect, Period of Adoption, Adjustment [Member] Cash and cash equivalents Property, plant and equipment, at cost Cash flows from operating activities Rent expenses Commitments Disclosure [Text Block] Schedule of Segment Reporting Information, by Segment [Table Text Block] Statement [Line Items] Accounts receivable, allowance for doubtful accounts UTAH Accounts receivable, less allowance for doubtful accounts of $200,000 at March 31, 2020 and September 30, 2019 Additional paid-in capital Building [Member] Revenue Marketable securities at fair value -- common stocks of $136,901,000 at March 31, 2020 and $194,581,000 at September 30, 2019 Marketable securities AOCI Attributable to Parent [Member] Land and Building [Member] Shareholders' equity Land [Member] Other income Other income Long-Lived Tangible Asset [Axis] Long-Lived Tangible Asset [Domain] Segment Reporting Disclosure [Text Block] Land, buildings and improvements Carrying amount as of the balance sheet date of (i) cost of land and (ii) long-lived, depreciable assets that include building structures held for business use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical and plumbing, etc. djco_MarketableSecuritiesAccumulatedUnrealizedGainLoss Marketable Securities, Accumulated Unrealized Gain (Loss) Amount of unrealized gain (loss) in accumulated other comprehensive income (AOCI) on investments in debt and equity securities. Current assets Furniture, office equipment and computer software Carrying amount at the balance sheet date for long-lived, depreciable tangible assets and amortizable intangible assets commonly used in offices and production press. Net (loss) income Net (loss) income Net income (loss) djco_OfficeLeaseObligationsBeyondOneYear Office Lease Obligations Beyond One Year Amount of office lease liabilities beyond one year. License and Maintenance [Member] Pretax net unrealized gains Amount of unrealized gain (loss) in accumulated other comprehensive income (AOCI) on investments in equity securities. Investment margin account borrowings Loan carried out from the Investment Margin Account with the marketable securities pledged as collateral. Dividends and interest income us-gaap_NetCashProvidedByUsedInFinancingActivities Net cash used in financing activities Commitments and contingencies (Notes 8 and 9) Advertising [Member] Credit card merchant discount fees the cost of credit card merchant discount fees. Income (loss) from operations Loss from operations Net cash used in operating activities us-gaap_ContractWithCustomerLiabilityRevenueRecognized Deferred Revenue, Revenue Recognized us-gaap_NetCashProvidedByUsedInInvestingActivities Net cash used in investing activities Prepaid expenses and other current assets us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease Decrease in cash and cash equivalents Equipment maintenance and software The amount of expense to equipment maintenance and software. Outside services Outside service costs including programmings, freelancers, messengers & deliveries, mailing and transportation of newspapers, features, wire services, information sources for publishing, etc. Postage and delivery expenses Costs of postage and hand delivery services. Newsprint and printing expenses Costs of newsprint used and outside contract printings. Consolidation Items [Domain] Commitments and Contingencies Disclosure [Text Block] us-gaap_ContractWithCustomerLiability Deferred revenue Deferred revenue us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment Less accumulated depreciation us-gaap_PropertyPlantAndEquipmentNet Property, Plant and Equipment, Net, Ending Balance Consolidation Items [Axis] Accounting Standards Update 2016-02 [Member] us-gaap_PropertyPlantAndEquipmentGross Property, Plant and Equipment, Gross, Ending Balance Machinery and equipment Accounting Standards Update [Domain] Accounting Standards Update [Axis] Cash flows from investing activities Costs and expenses Retained Earnings [Member] Earnings Per Share [Text Block] Aggregate fair value Treasury Stock [Member] us-gaap_MarketableSecuritiesUnrealizedGainLoss Marketable Securities, Unrealized Gain (Loss), Total Additional Paid-in Capital [Member] us-gaap_LongTermDebtPercentageBearingFixedInterestRate Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate Common Stock [Member] us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total us-gaap_IncomeTaxExpenseBenefit Income Tax Expense (Benefit), Total Income tax (expense) benefit Benefit from (provision for) income taxes us-gaap_IncreaseDecreaseInAccruedLiabilities Accrued liabilities Equity Components [Axis] Equity Component [Domain] us-gaap_IncreaseDecreaseInAccountsPayable Accounts payable us-gaap_LoansPayableToBank Loans Payable to Bank, Total Pretax income (loss) (Loss) income before income taxes us-gaap_OperatingExpenses Operating Expenses, Total Operating expenses Other general and administrative expenses us-gaap_CashAndCashEquivalentsAtCarryingValue Cash and cash equivalents Beginning of period End of period State and Local Jurisdiction [Member] Timing of Transfer of Good or Service [Domain] Transferred at Point in Time [Member] Transferred over Time [Member] Salaries and employee benefits Income Tax Authority [Axis] Income Tax Authority [Domain] Domestic Tax Authority [Member] Timing of Transfer of Good or Service [Axis] Revenue from Contract with Customer [Text Block] Amendment Flag Accounting Policies [Abstract] us-gaap_OpenTaxYear Open Tax Year us-gaap_ComprehensiveIncomeNetOfTax Comprehensive (loss) income us-gaap_DebtInstrumentPeriodicPayment Debt Instrument, Periodic Payment, Total Entity Interactive Data Current us-gaap_RepaymentsOfSecuredDebt Payment of real estate loan principal Deferred revenue arrangements us-gaap_SharesOutstanding Balance (in shares) Balance (in shares) Title of 12(b) Security Current Fiscal Year End Date us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 Debt Instrument, Basis Spread on Variable Rate Increase (decrease) in liabilities Margin Account [Member] Information about margin account. Fed Funds Rate [Member] Information about the federal funds rate. us-gaap_DebtInstrumentInterestRateEffectivePercentage Debt Instrument, Interest Rate, Effective Percentage us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets Prepaid expenses and other assets Basis of Accounting [Text Block] Document Fiscal Period Focus Document Fiscal Year Focus Traditional Business [Member] Information pertaining to the company's traditional business. Document Period End Date Entity Emerging Growth Company Document Type Service, Other [Member] Entity Small Business Entity Shell Company Document Information [Line Items] Document Information [Table] us-gaap_AreaOfRealEstateProperty Area of Real Estate Property (Square Foot) Entity Filer Category Debt Instrument [Axis] Entity Current Reporting Status Debt Instrument, Name [Domain] Segments [Axis] Segments [Domain] Variable Rate [Domain] Weighted average number of common shares outstanding - basic and diluted (in shares) us-gaap_IncreaseDecreaseInIncomeTaxesReceivable Income tax receivable Variable Rate [Axis] us-gaap_ConcentrationRiskPercentage1 Concentration Risk, Percentage us-gaap_IncreaseDecreaseInAccountsReceivable Accounts receivable, net Real Estate Bank Loan Secured by Logan Office [Member] Refers to information pertaining to a real estate bank loan secured by the Logan Office. Non-US [Member] Basic and diluted net (loss) income per share (in dollars per share) Entity Central Index Key Depreciation and amortization Entity Registrant Name Product Concentration Risk [Member] EX-101.PRE 9 djco-20200331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 10 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net (loss) income	$ (42,116,000)	$ (16,515,000)
Adjustments to reconcile net loss to net cash used in operations
Depreciation and amortization	256,000	304,000
Net unrealized losses on investments	57,680,000	20,143,000
Deferred income taxes	(15,265,000)	(6,486,000)
(Increase) decrease in current assets
Accounts receivable, net	689,000	(2,539,000)
Inventories		3,000
Prepaid expenses and other assets	(85,000)	123,000
Income tax receivable	(317,000)	7,000
Increase (decrease) in liabilities
Accounts payable	(1,459,000)	1,751,000
Accrued liabilities	(226,000)	(64,000)
Net cash used in operating activities	(4,578,000)	(3,375,000)
Cash flows from investing activities
Purchases of property, plant and equipment	(168,000)	(84,000)
Net cash used in investing activities	(168,000)	(84,000)
Cash flows from financing activities
Payment of real estate loan principal	(62,000)	(60,000)
Net cash used in financing activities	(62,000)	(60,000)
Decrease in cash and cash equivalents	(4,808,000)	(3,519,000)
Cash and cash equivalents
Beginning of period	10,630,000	9,301,000
End of period	5,822,000	5,782,000
Interest paid during period	390,000	470,000
Net income taxes paid (refunded)	1,000	(121,000)
Subscription and Circulation [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	(311,000)	(196,000)
License and Maintenance [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	(2,600,000)	220,000
Installation Contracts [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	$ (824,000)	$ (126,000)

XML 11 R2.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2020	Sep. 30, 2019
Current assets
Cash and cash equivalents	$ 5,822,000	$ 10,630,000
Marketable securities at fair value -- common stocks of $136,901,000 at March 31, 2020 and $194,581,000 at September 30, 2019	136,901,000	194,581,000
Accounts receivable, less allowance for doubtful accounts of $200,000 at March 31, 2020 and September 30, 2019	6,347,000	7,036,000
Inventories	40,000	40,000
Prepaid expenses and other current assets	593,000	508,000
Income tax receivable	470,000	153,000
Total current assets	150,173,000	212,948,000
Property, plant and equipment, at cost
Land, buildings and improvements	16,599,000	16,499,000
Furniture, office equipment and computer software	2,188,000	2,119,000
Machinery and equipment	1,749,000	1,750,000
Property, Plant and Equipment, Gross, Ending Balance	20,536,000	20,368,000
Less accumulated depreciation	(9,828,000)	(9,572,000)
Property, Plant and Equipment, Net, Ending Balance	10,708,000	10,796,000
Operating lease right-of-use assets	382,000
Deferred income taxes - Federal	11,661,000	12,596,000
Deferred income taxes - State	1,811,000	1,036,000
Total Assets	174,735,000	237,376,000
Current liabilities
Accounts payable	3,061,000	4,520,000
Accrued liabilities	5,216,000	5,173,000
Note payable collateralized by real estate	129,000	126,000
Total current liabilities	25,599,000	30,668,000
Long term liabilities
Investment margin account borrowings	29,493,000	29,493,000
Note payable collateralized by real estate	1,644,000	1,709,000
Deferred maintenance agreements	256,000	335,000
Accrued liabilities	343,000	230,000
Deferred income taxes	21,816,000	37,241,000
Total long term liabilities	53,552,000	69,008,000
Commitments and contingencies (Notes 8 and 9)
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, 2020 and September 30, 2019	14,000	14,000
Additional paid-in capital	1,755,000	1,755,000
Retained earnings	93,815,000	135,931,000
Total shareholders' equity	95,584,000	137,700,000
Liabilities and Equity, Total	174,735,000	237,376,000
Subscription and Circulation [Member]
Current liabilities
Deferred revenue	2,884,000	3,195,000
Installation Contracts [Member]
Current liabilities
Deferred revenue	1,108,000	1,932,000
License and Maintenance [Member]
Current liabilities
Deferred revenue	$ 13,201,000	$ 15,722,000

XML 12 R21.htm IDEA: XBRL DOCUMENT

Note 6 - Investments in Marketable Securities (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2019
Marketable Securities, Accumulated Unrealized Gain (Loss)	$ 83,012,000		$ 83,012,000		$ 140,692,000
Marketable Securities, Unrealized Gain (Loss), Total	$ 77,211,000	$ 8,497,000	$ 57,680,000	$ 20,143,000

XML 13 R25.htm IDEA: XBRL DOCUMENT

Note 10 - Operating Segments (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Revenue from Contract with Customer, Including Assessed Tax	$ 12,356,000	$ 10,712,000	$ 24,033,000	$ 21,140,000
Revenue Benchmark [Member] \| Product Concentration Risk [Member] \| Non-US [Member]
Concentration Risk, Percentage	1.00%	1.00%	1.00%	1.00%
Traditional Business [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 3,932,000	$ 4,005,000	$ 8,064,000	$ 8,204,000
Traditional Business [Member] \| Transferred at Point in Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,646,000	2,732,000	5,466,000	5,593,000
Traditional Business [Member] \| Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,286,000	1,273,000	2,598,000	2,611,000
Journal Technologies [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 8,424,000	$ 6,707,000	$ 15,969,000	$ 12,936,000
Journal Technologies [Member] \| Revenue Benchmark [Member] \| Product Concentration Risk [Member]
Concentration Risk, Percentage	68.00%	63.00%	66.00%	61.00%
Journal Technologies [Member] \| Transferred at Point in Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 3,177,000	$ 2,100,000	$ 5,631,000	$ 4,035,000
Journal Technologies [Member] \| Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 5,247,000	$ 4,607,000	$ 10,338,000	$ 8,901,000

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

ZIP 14 0001437749-20-010249-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001437749-20-010249-xbrl.zip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end XML 15 R13.htm IDEA: XBRL DOCUMENT v3.20.1

Note 7 - Income Taxes
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Income Tax Disclosure [Text Block]
Note
7
- Income Taxes

For the
six
months ended
March 31, 2020,
the Company recorded an income tax benefit of
$15,580,000
on a pretax loss of
$57,696,000.
   This was the net result of applying the effective tax rate anticipated for fiscal
2020
to the pretax loss, before the unrealized losses on investments, for the
six
months ended
March 31, 2020.
The effective tax rate was more than the statutory rate primarily due to the dividends received deduction, which increased the taxable loss, and state tax benefits.   In addition, the Company recorded tax benefits of (i)
$187,000
resulting from the Coronavirus Aid, Relief and Economic Security (“CARES”) Act (see below) and (ii)
$15,425,000
for the unrealized losses on investments during the
six
months ended
March 31, 2020.
The effective tax rate for the
six
months ended
March 31, 2020
was
27%,
after including the tax benefits from the CARES Act and the unrealized losses on investments.

The CARES Act, which was signed into law on
March 27, 2020,
contains
two
federal tax provisions beneficial to the Company. One provision provides that net operating losses arising in tax years beginning in
2018,
that were previously only available to be carried forward, can now be carried back to the
five
previous years. In addition, any alternative minimum tax credits carried forward from prior years can be claimed as a refund in years beginning in
2018.
Consequently, the Company recorded a tax benefit resulting from carrying back a portion of the net operating loss generated in fiscal
2019
to fiscal
2014.
The Company anticipates receiving a refund for all taxes and alternative minimum taxes paid in fiscal
2014.
The resulting tax benefit from carrying back the net operating loss is primarily attributable to the difference in the federal tax rates of
34%
in fiscal
2014
and
21%
in fiscal
2019.

For the
six
months ended
March 31, 2019,
the Company recorded an income tax benefit of
$6,600,000
on a pretax loss of
$23,115,000.
   This was the net result of applying the effective tax rate anticipated for fiscal
2019
to the pretax loss for the
six
months ended
March 31, 2019.
The effective tax rate was greater than the statutory rate primarily due to state tax benefits.

The Company’s effective tax rate was
27%
for the
six
months ended
March 31, 2020
as compared with
29%
in the prior year period.

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
2016
with regard to federal income taxes and fiscal
2015
for state income taxes.

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331
+ Details

Name: us-gaap_IncomeTaxDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 16 R17.htm IDEA: XBRL DOCUMENT v3.20.1

Note 11 - Subsequent Events
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Subsequent Events [Text Block]
Note
11
- Subsequent Events

On
March 13, 2020,
the United States declared the outbreak of COVID-
19
to be a national emergency, and several states and municipalities have declared public health emergencies. Unprecedented actions have been taken by public health and governmental authorities to contain and combat the spread of COVID-
19,
including “stay-at-home” orders and similar mandates that restrict the daily activities of individuals and limit the operation of businesses that are deemed “non-essential.” In addition, most of Journal Technologies’ customers, which are primarily courts and governmental agencies in the United States and Canada, are either closed or have significantly scaled back their activities. Similarly, many law firms and companies from which the Traditional Business derives advertising and subscription revenues have also curtailed their operations and spending.

In light of this extraordinary and ongoing situation, on
April 30, 2020,
the Company made the difficult decision to reorganize its part-time and full-time workforce at both the Traditional Business and Journal Technologies, which included some layoffs and temporary furloughs.

Except for the personnel reorganization mentioned above, the Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that
no
subsequent events occurred that required recognition to the financial statements or disclosures in the Notes to Consolidated Financial Statements.

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662
+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 17 R12.htm IDEA: XBRL DOCUMENT v3.20.1

Note 6 - Investments in Marketable Securities
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
Note
6
- Investments in Marketable Securities

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
definition in the fair value hierarchy) to measure the fair value of its investments on a recurring basis pursuant to ASC
820,

Fair Value Measurement
. As of
March 31, 2020,
there were net accumulated unrealized gains of
$83,012,000.
At
September 30, 2019,
there were net accumulated unrealized gains of
$140,692,000
recorded in the accompanying Consolidated Balance Sheets. Most of the accumulated unrealized gains were in the common stocks of
three
U.S. financial institutions and
one
foreign manufacturer.

With the adoption in the prior fiscal year of ASU
No.

2016
-
01,
Subtopic
825
-
10,
the Company recorded and included in its net (loss) income the net unrealized losses on investments of
$77,211,000
and
$57,680,000
for the
three
- and
six
-months ended
March 31, 2020
as compared with net unrealized gains on investments of
$8,497,000
and net unrealized losses on investments of
$20,143,000,
respectively, in the prior year periods.

Investments in marketable securities as of
March 31, 2020
and
September 30, 2019
are summarized below.

Investments in Marketable Securities

March 31, 2020

September 30, 2019

Aggregate

fair value

Adjusted

cost basis

Pretax net unrealized gains

Aggregate

fair value

Amortized/Adjusted

cost basis

Pretax unrealized gains

Marketable securities

Common stocks
$
136,901,000
$
53,889,000
$
83,012,000
$
194,581,000
$
53,889,000
$
140,692,000

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for investments in certain debt and equity securities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304
+ Details

Name: us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 18 R16.htm IDEA: XBRL DOCUMENT v3.20.1

Note 10 - Operating Segments
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]
Note
10
- Operating Segments

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:

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Six months ended March 31, 2020

Revenues

Advertising
$
4,118,000
$
---
$
---
$
4,118,000

Circulation

2,598,000

---

---

2,598,000

Advertising service fees and other

1,348,000

---

---

1,348,000

Licensing and maintenance fees

---

10,715,000

---

10,715,000

Consulting fees

---

1,918,000

---

1,918,000

Other public service fees

---

3,336,000

---

3,336,000

Operating expenses

7,906,000

18,743,000

---

26,649,000

Income (loss) from operations

158,000

(2,774,000
)
---

(2,616,000
)

Dividends and interest income

---

---

2,977,000

2,977,000

Other income

---

---

3,000

3,000

Net unrealized losses on investments

---

---

(57,680,000
)
(57,680,000
)

Interest expenses on note payable collateralized by real estate

(43,000
)
---

---

(43,000
)

Interest expenses on margin loans and others

---

---

(337,000
)
(337,000
)

Pretax income (loss)

115,000

(2,774,000
)
(55,037,000
)
(57,696,000
)

Income tax (expense) benefit

(30,000
)
925,000

14,685,000

15,580,000

Net income (loss)

85,000

(1,849,000
)
(40,352,000
)
(42,116,000
)

Total assets

16,074,000

19,578,000

139,083,000

174,735,000

Capital expenditures

99,000

69,000

---

168,000

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Six months ended March 31, 2019

Revenues

Advertising
$
4,300,000
$
---
$
---
$
4,300,000

Circulation

2,611,000

---

---

2,611,000

Advertising service fees and other

1,293,000

---

---

1,293,000

Licensing and maintenance fees

---

9,430,000

---

9,430,000

Consulting fees

---

940,000

---

940,000

Other public service fees

---

2,566,000

---

2,566,000

Operating expenses

8,348,000

17,984,000

---

26,332,000

Loss from operations

(144,000
)
(5,048,000
)
---

(5,192,000
)

Dividends and interest income

---

---

2,671,000

2,671,000

Other income

---

---

19,000

19,000

Net unrealized losses on investments

---

---

(20,143,000
)
(20,143,000
)

Interest expenses on note payable collateralized by real estate

(45,000
)
---

---

(45,000
)

Interest expenses on margin loans

---

---

(425,000
)
(425,000
)

Pretax loss

(189,000
)
(5,048,000
)
(17,878,000
)
(23,115,000
)

Income tax benefit

115,000

1,300,000

5,185,000

6,600,000

Net loss

(74,000
)
(3,748,000
)
(12,693,000
)
(16,515,000
)

Total assets

17,399,000

31,710,000

194,354,000

243,463,000

Capital expenditures

50,000

34,000

---

84,000

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Three months ended March 31, 2020

Revenues

Advertising
$
1,992,000
$
---
$
---
$
1,992,000

Circulation

1,286,000

---

---

1,286,000

Advertising service fees and other

654,000

---

---

654,000

Licensing and maintenance fees

---

5,505,000

---

5,505,000

Consulting fees

---

1,229,000

---

1,229,000

Other public service fees

---

1,690,000

---

1,690,000

Operating expenses

3,908,000

9,546,000

---

13,454,000

Income (loss) from operations

24,000

(1,122,000
)
---

(1,098,000
)

Dividends and interest income

---

---

1,297,000

1,297,000

Net unrealized losses on investments

---

---

(77,211,000
)
(77,211,000
)

Interest expenses on note payable collateralized by real estate

(21,000
)
---

---

(21,000
)

Interest expenses on margin loans and others

---

---

(153,000
)
(153,000
)

Pretax income (loss)

3,000

(1,122,000
)
(76,067,000
)
(77,186,000
)

Income tax benefit

---

415,000

20,445,000

20,860,000

Net income (loss)

3,000

(707,000
)
(55,622,000
)
(56,326,000
)

Total assets

16,074,000

19,578,000

139,083,000

174,735,000

Capital expenditures

64,000

7,000

---

71,000

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Three months ended March 31, 2019

Revenues

Advertising
$
2,108,000
$
---
$
---
$
2,108,000

Circulation

1,273,000

---

---

1,273,000

Advertising service fees and other

624,000

---

---

624,000

Licensing and maintenance fees

---

4,640,000

---

4,640,000

Consulting fees

---

399,000

---

399,000

Other public service fees

---

1,668,000

---

1,668,000

Operating expenses

4,140,000

9,243,000

---

13,383,000

Loss from operations

(135,000
)
(2,536,000
)
---

(2,671,000
)

Dividends and interest income

---

---

1,141,000

1,141,000

Other income

---

---

9,000

9,000

Net unrealized gains on investments

---

---

8,497,000

8,497,000

Interest expenses on note payable collateralized by real estate

(22,000
)
---

---

(22,000
)

Interest expenses on margin loans

---

---

(219,000
)
(219,000
)

Pretax income (loss)

(157,000
)
(2,536,000
)
9,428,000

6,735,000

Income tax benefit (expense)

35,000

715,000

(2,467,000
)
(1,717,000
)

Net (loss) income

(122,000
)
(1,821,000
)
6,961,000

5,018,000

Total assets

17,399,000

31,710,000

194,354,000

243,463,000

Capital expenditures

---

---

---

---

During the
six
months ended
March 31, 2020,
the Traditional Business had total revenues of
$8,064,000
of which
$5,466,000
were recognized, at a point of time, after services were provided, and
$2,598,000
were recognized ratably over the subscription terms. Total revenues for the Journal Technologies’ software business were
$15,969,000
of which
$5,631,000
were recognized upon completion of services with customer acceptance, while
$10,338,000
were recognized ratably over the license and maintenance periods.

During the
six
months ended
March 31, 2019,
the Traditional Business had total revenues of
$8,204,000
of which
$5,593,000
were recognized, at a point of time, after services were provided, and
$2,611,000
were recognized ratably over the subscription terms. Total revenues for the Company’s software business were
$12,936,000
of which
$4,035,000
were recognized upon completion of services with customer acceptance, while
$8,901,000
were recognized ratably over the license and maintenance periods.

During the
three
months ended
March 31, 2020,
the Traditional Business had total revenues of
$3,932,000
of which
$2,646,000
were recognized, at a point of time, after services were provided, and
$1,286,000
were recognized ratably over the subscription terms. Total revenues for the Journal Technologies’ software business were
$8,424,000
of which
$3,177,000
were recognized upon completion of services with customer acceptance, while
$5,247,000
were recognized ratably over the license and maintenance periods.

During the
three
months ended
March 31, 2019,
the Traditional Business had total revenues of
$4,005,000
of which
$2,732,000
were recognized, at a point of time, after services were provided, and
$1,273,000
were recognized ratably over the subscription terms. Total revenues for the Company’s software business were
$6,707,000
of which
$2,100,000
were recognized upon completion of services with customer acceptance, while
$4,607,000
were recognized ratably over the subscription periods.

Approximately
68%
and
66%
of the Company’s revenues during the
three
- and
six
-month periods ended
March 31, 2020
were derived from Journal Technologies, as compared with
63%
and
61%
in the prior year periods. In addition, the Company’s revenues have been primarily from the United States with approximately
1%
from foreign countries. Journal Technologies’ revenues are primarily from governmental agencies.

The following table sets forth certain deferred obligations from
October 1, 2019
through
March 31, 2020:

Beginning

Balance

Oct. 1, 2019

Addition

Recognized

Ending

Balance

March 31, 2020

Deferred subscriptions
$
3,195,000
$
2,287,000
$
(2,598,000
) $
2,884,000

Deferred installation contracts

1,932,000

1,471,000

(2,295,000
)
1,108,000

Deferred maintenance agreements and others

16,057,000

7,738,000

(10,338,000
)
13,457,000

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510
+ Details

Name: us-gaap_SegmentReportingDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 20 R20.htm IDEA: XBRL DOCUMENT v3.20.1

Note 3 - Accounting Standards Adopted in Fiscal 2020 (Details Textual) - USD ($)

Mar. 31, 2020

Sep. 30, 2019

Operating Lease, Right-of-Use Asset $ 382,000

Office Lease Obligations Beyond One Year 43,000

Accounting Standards Update 2016-02 [Member]

Operating Lease, Right-of-Use Asset 382,000

Operating Lease, Liability, Total $ 382,000

X

- Definition
Amount of office lease liabilities beyond one year.
+ References
No definition available.
+ Details

Name: djco_OfficeLeaseObligationsBeyondOneYear

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's right to use underlying asset under operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseRightOfUseAsset

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201602Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 21 R24.htm IDEA: XBRL DOCUMENT v3.20.1

Note 8 - Debts and Commitments (Details Textual)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended

Nov. 30, 2015

USD ($)

ft²

a

Mar. 31, 2020

USD ($)

Mar. 31, 2019

USD ($)

Mar. 31, 2020

USD ($)

Mar. 31, 2019

USD ($)

Sep. 30, 2013

USD ($)

Payments to Acquire Property, Plant, and Equipment, Total $ 71,000 $ 168,000 $ 84,000

Loans Payable to Bank, Total $ 1,770,000 $ 1,770,000

UTAH | Building [Member]

Area of Real Estate Property (Square Foot) | ft² 30,700

UTAH | Land [Member]

Area of Land (Acre) | a 3.6

UTAH | Land and Building [Member]

Payments to Acquire Property, Plant, and Equipment, Total $ 1,240,000

Margin Account [Member]

Proceeds from Issuance of Debt $ 29,500,000

Margin Account [Member] | Fed Funds Rate [Member]

Debt Instrument, Basis Spread on Variable Rate 0.50%

Debt Instrument, Interest Rate, Effective Percentage 0.75% 0.75%

Real Estate Bank Loan Secured by Logan Office [Member]

Loans Payable to Bank, Total $ 2,260,000

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate 4.66%

Debt Instrument, Periodic Payment, Total $ 17,600

X

- Definition
Area of land held.
+ References
No definition available.
+ Details

Name: us-gaap_AreaOfLand

Namespace Prefix: us-gaap_

Data Type: num:areaItemType

Balance Type: na

Period Type: instant

X

- Definition
Area of a real estate property.
+ References
No definition available.
+ Details

Name: us-gaap_AreaOfRealEstateProperty

Namespace Prefix: us-gaap_

Data Type: num:areaItemType

Balance Type: na

Period Type: instant

X

- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentBasisSpreadOnVariableRate1

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateEffectivePercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of the required periodic payments including both interest and principal payments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823
+ Details

Name: us-gaap_DebtInstrumentPeriodicPayment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of loans from a bank with maturities initially due after one year or beyond the normal operating cycle if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(16)(a))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878
+ Details

Name: us-gaap_LoansPayableToBank

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_LongTermDebtPercentageBearingFixedInterestRate

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585
+ Details

Name: us-gaap_PaymentsToAcquirePropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromIssuanceOfDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: srt_StatementGeographicalAxis=stpr_UT

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandAndBuildingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=djco_MarginAccountMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_VariableRateAxis=djco_FedFundsRateMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=djco_RealEstateBankLoanSecuredByLoganOfficeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 22 R7.htm IDEA: XBRL DOCUMENT v3.20.1

Note 1 - The Corporation and Operations
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
Note
1
- The Corporation and Operations

Daily Journal Corporation (the “Company”) publishes newspapers and web sites 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 efiling and a website to pay traffic citations and fees online, and bar members. These products are licensed to more than
500
organizations in
42
states and internationally.

Essentially all of the Company’s U.S. operations are based in California, Arizona, Colorado and Utah. The Company also has a presence in Australia where Journal Technologies is working on
two
software installation projects.

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-URI http://asc.fasb.org/topic&trid=2122149

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 23 R3.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)

Mar. 31, 2020

Sep. 30, 2019

Marketable securities $ 136,901,000 $ 194,581,000

Accounts receivable, allowance for doubtful accounts $ 200,000 $ 200,000

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

Common Stock [Member]

Marketable securities $ 136,901,000 $ 194,581,000

X

- Definition
Amount of allowance for credit loss on accounts receivable, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5074-111524

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121599878&loc=SL82895884-210446
+ Details

Name: us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of investment in marketable security, classified as current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=121566466&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.2)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_MarketableSecuritiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29,30)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655
+ Details

Name: us-gaap_TreasuryStockShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 24 R18.htm IDEA: XBRL DOCUMENT v3.20.1

Note 6 - Investments in Marketable Securities (Tables)
6 Months Ended

Mar. 31, 2020

Notes Tables

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

March 31, 2020

September 30, 2019

Aggregate

fair value

Adjusted

cost basis

Pretax net unrealized gains

Aggregate

fair value

Amortized/Adjusted

cost basis

Pretax unrealized gains

Marketable securities

Common stocks
$
136,901,000
$
53,889,000
$
83,012,000
$
194,581,000
$
53,889,000
$
140,692,000

X

- Definition
Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_TableTextBlock

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 25 R10.htm IDEA: XBRL DOCUMENT v3.20.1

Note 4 - Revenue Recognition
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]
Note
4
– Revenue Recognition

The Company recognizes revenues in accordance with the provisions of ASU
No.

2014
-
09,

Revenue from Contracts with Customers (ASC Topic
606
)
, which it adopted effective
October 1, 2017,
using the modified retrospective method.

For the Company’s 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
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, 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 efile cases and pay traffic citations and other fees.

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. Also, as a practical expedient, the Company has elected
not
to include its evaluation of variable consideration of certain usage-based public service fees that are included in some contracts. 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.

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045
+ Details

Name: us-gaap_RevenueFromContractWithCustomerTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 26 R14.htm IDEA: XBRL DOCUMENT v3.20.1

Note 8 - Debts and Commitments
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Commitments Disclosure [Text Block]
Note
8
- Debt 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. 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
March 31, 2020
was
0.75%.
These investment margin account borrowings do
not
mature.

In
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 by Journal Technologies. The Company paid
$1.24
million and financed the balance with a real estate bank loan of
$2.26
million which bears a fixed interest rate of
4.66%
and is repayable in equal monthly installments of about
$17,600
through
2030.
This loan is secured by the Logan facility and can be paid off at any time without prepayment penalty. This real estate loan had a balance of approximately
$1.77
million as of
March 31, 2020.

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 fiscal
2021.

X

- Definition
The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648
+ Details

Name: us-gaap_CommitmentsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 27 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.1 html 264 220 1 true 33 0 false 6 false false R1.htm 000 - Document - Document And Entity Information Sheet http://www.dailyjournal.com/20200331/role/statement-document-and-entity-information Document And Entity Information Cover 1 false false R2.htm 001 - Statement - Consolidated Balance Sheets (Current Period Unaudited) Sheet http://www.dailyjournal.com/20200331/role/statement-consolidated-balance-sheets-current-period-unaudited Consolidated Balance Sheets (Current Period Unaudited) Statements 2 false false R3.htm 002 - Statement - Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) Sheet http://www.dailyjournal.com/20200331/role/statement-consolidated-balance-sheets-current-period-unaudited-parentheticals Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) Statements 3 false false R4.htm 003 - Statement - Consolidated Statements of Comprehensive (Loss) Income (Unaudited) Sheet http://www.dailyjournal.com/20200331/role/statement-consolidated-statements-of-comprehensive-loss-income-unaudited- Consolidated Statements of Comprehensive (Loss) Income (Unaudited) Statements 4 false false R5.htm 004 - Statement - Consolidated Statements of Shareholders' Equity (Unaudited) Sheet http://www.dailyjournal.com/20200331/role/statement-consolidated-statements-of-shareholders-equity-unaudited Consolidated Statements of Shareholders' Equity (Unaudited) Statements 5 false false R6.htm 005 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://www.dailyjournal.com/20200331/role/statement-consolidated-statements-of-cash-flows-unaudited Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 006 - Disclosure - Note 1 - The Corporation and Operations Sheet http://www.dailyjournal.com/20200331/role/statement-note-1-the-corporation-and-operations Note 1 - The Corporation and Operations Notes 7 false false R8.htm 007 - Disclosure - Note 2 - Basis of Presentation Sheet http://www.dailyjournal.com/20200331/role/statement-note-2-basis-of-presentation Note 2 - Basis of Presentation Notes 8 false false R9.htm 008 - Disclosure - Note 3 - Accounting Standards Adopted in Fiscal 2020 Sheet http://www.dailyjournal.com/20200331/role/statement-note-3-accounting-standards-adopted-in-fiscal-2020 Note 3 - Accounting Standards Adopted in Fiscal 2020 Notes 9 false false R10.htm 009 - Disclosure - Note 4 - Revenue Recognition Sheet http://www.dailyjournal.com/20200331/role/statement-note-4-revenue-recognition- Note 4 - Revenue Recognition Notes 10 false false R11.htm 010 - Disclosure - Note 5 - Basic and Diluted Income Per Share Sheet http://www.dailyjournal.com/20200331/role/statement-note-5-basic-and-diluted-income-per-share Note 5 - Basic and Diluted Income Per Share Notes 11 false false R12.htm 011 - Disclosure - Note 6 - Investments in Marketable Securities Sheet http://www.dailyjournal.com/20200331/role/statement-note-6-investments-in-marketable-securities Note 6 - Investments in Marketable Securities Notes 12 false false R13.htm 012 - Disclosure - Note 7 - Income Taxes Sheet http://www.dailyjournal.com/20200331/role/statement-note-7-income-taxes Note 7 - Income Taxes Notes 13 false false R14.htm 013 - Disclosure - Note 8 - Debts and Commitments Sheet http://www.dailyjournal.com/20200331/role/statement-note-8-debts-and-commitments- Note 8 - Debts and Commitments Notes 14 false false R15.htm 014 - Disclosure - Note 9 - Contingencies Sheet http://www.dailyjournal.com/20200331/role/statement-note-9-contingencies Note 9 - Contingencies Notes 15 false false R16.htm 015 - Disclosure - Note 10 - Operating Segments Sheet http://www.dailyjournal.com/20200331/role/statement-note-10-operating-segments- Note 10 - Operating Segments Notes 16 false false R17.htm 016 - Disclosure - Note 11 - Subsequent Events Sheet http://www.dailyjournal.com/20200331/role/statement-note-11-subsequent-events Note 11 - Subsequent Events Notes 17 false false R18.htm 017 - Disclosure - Note 6 - Investments in Marketable Securities (Tables) Sheet http://www.dailyjournal.com/20200331/role/statement-note-6-investments-in-marketable-securities-tables Note 6 - Investments in Marketable Securities (Tables) Tables http://www.dailyjournal.com/20200331/role/statement-note-6-investments-in-marketable-securities 18 false false R19.htm 018 - Disclosure - Note 10 - Operating Segments (Tables) Sheet http://www.dailyjournal.com/20200331/role/statement-note-10-operating-segments-tables Note 10 - Operating Segments (Tables) Tables http://www.dailyjournal.com/20200331/role/statement-note-10-operating-segments- 19 false false R20.htm 019 - Disclosure - Note 3 - Accounting Standards Adopted in Fiscal 2020 (Details Textual) Sheet http://www.dailyjournal.com/20200331/role/statement-note-3-accounting-standards-adopted-in-fiscal-2020-details-textual Note 3 - Accounting Standards Adopted in Fiscal 2020 (Details Textual) Details 20 false false R21.htm 020 - Disclosure - Note 6 - Investments in Marketable Securities (Details Textual) Sheet http://www.dailyjournal.com/20200331/role/statement-note-6-investments-in-marketable-securities-details-textual Note 6 - Investments in Marketable Securities (Details Textual) Details http://www.dailyjournal.com/20200331/role/statement-note-6-investments-in-marketable-securities-tables 21 false false R22.htm 021 - Disclosure - Note 6 - Investments in Marketable Securities - Summary of Investments (Details) Sheet http://www.dailyjournal.com/20200331/role/statement-note-6-investments-in-marketable-securities-summary-of-investments-details Note 6 - Investments in Marketable Securities - Summary of Investments (Details) Details 22 false false R23.htm 022 - Disclosure - Note 7 - Income Taxes (Details Textual) Sheet http://www.dailyjournal.com/20200331/role/statement-note-7-income-taxes-details-textual Note 7 - Income Taxes (Details Textual) Details http://www.dailyjournal.com/20200331/role/statement-note-7-income-taxes 23 false false R24.htm 023 - Disclosure - Note 8 - Debts and Commitments (Details Textual) Sheet http://www.dailyjournal.com/20200331/role/statement-note-8-debts-and-commitments-details-textual Note 8 - Debts and Commitments (Details Textual) Details http://www.dailyjournal.com/20200331/role/statement-note-8-debts-and-commitments- 24 false false R25.htm 024 - Disclosure - Note 10 - Operating Segments (Details Textual) Sheet http://www.dailyjournal.com/20200331/role/statement-note-10-operating-segments-details-textual Note 10 - Operating Segments (Details Textual) Details http://www.dailyjournal.com/20200331/role/statement-note-10-operating-segments-tables 25 false false R26.htm 025 - Disclosure - Note 10 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) Sheet http://www.dailyjournal.com/20200331/role/statement-note-10-operating-segments-summarized-financial-information-for-reportable-segments-details Note 10 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) Details 26 false false R27.htm 026 - Disclosure - Note 10 - Operating Segments - Deferred Revenue Obligations (Details) Sheet http://www.dailyjournal.com/20200331/role/statement-note-10-operating-segments-deferred-revenue-obligations-details Note 10 - Operating Segments - Deferred Revenue Obligations (Details) Details 27 false false All Reports Book All Reports djco-20200331.xml djco-20200331.xsd djco-20200331_cal.xml djco-20200331_def.xml djco-20200331_lab.xml djco-20200331_pre.xml http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/srt/2020-01-31 http://fasb.org/us-gaap/2020-01-31 http://xbrl.sec.gov/stpr/2018-01-31 true true XML 28 R9.htm IDEA: XBRL DOCUMENT v3.20.1

Note 3 - Accounting Standards Adopted in Fiscal 2020
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Accounting Standards Update and Change in Accounting Principle [Text Block]
Note
3
- Accounting Standards Adopted in Fiscal
2020

In
February 2016,
the Financial Accounting Standard Board issued Accounting Standards Update (“ASU”)
2016
-
02,
Leases (Topic
842
)
which requires that all leases be recognized by lessees on the balance sheet through a right-of-use (ROU) asset and corresponding lease liability, including today’s operating leases. During the
first
quarter of fiscal
2020,
the Company adopted this standard using the modified retrospective method, which does
not
require an adjustment to comparative period financial statements. At
March 31, 2020,
the Company recorded a right-of-use (ROU) asset and lease liability of approximately
$382,000
for its operating office leases. As allowed by the guidance, the Company has elected
not
to recognize ROU assets and lease liabilities for short-term (less than
one
year) leases of any class of underlying asset. ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent its obligation to make rental payments from the leases. ROU assets and liabilities are required to be recognized based on the present value of lease payments over the lease term. At
March 31, 2020,
the Company had office lease obligations of approximately
$43,000
beyond
one
year; it is deemed immaterial for the present value difference. Operating office leases are included in operating lease ROU assets, current accrued liabilities and long-term accrued liabilities in the Company’s accompanying Consolidated Balance Sheets. The Company’s adoption of this new standard had
no
significant impact on the Company’s financial condition, results of operations or disclosures.

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-URI http://asc.fasb.org/topic&trid=2122394

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=112272810&loc=SL108384541-122693

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (g)(1)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 11.M.Q2)
-URI http://asc.fasb.org/extlink&oid=112272810&loc=d3e31137-122693

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(3)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(1)

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(2)

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(3)
+ Details

Name: us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 29 R22.htm IDEA: XBRL DOCUMENT v3.20.1

Note 6 - Investments in Marketable Securities - Summary of Investments (Details) - Common Stock [Member] - USD ($)

Mar. 31, 2020

Sep. 30, 2019

Aggregate fair value $ 136,901,000 $ 194,581,000

Amortized/adjusted cost basis 53,889,000 53,889,000

Pretax net unrealized gains $ 83,012,000 $ 140,692,000

X

- Definition
Amount of unrealized gain (loss) in accumulated other comprehensive income (AOCI) on investments in equity securities.
+ References
No definition available.
+ Details

Name: djco_EquitySecuritiesFvniAccumulatedUnrealizedGainLoss

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=99377092&loc=SL75136599-209740
+ Details

Name: us-gaap_EquitySecuritiesFvNi

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Cost of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Excludes equity method investment and investment in equity security without readily determinable fair value.
+ References
No definition available.
+ Details

Name: us-gaap_EquitySecuritiesFvNiCost

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 30 R26.htm IDEA: XBRL DOCUMENT v3.20.1

Note 10 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) - USD ($)
3 Months Ended 6 Months Ended

Mar. 31, 2020

Dec. 31, 2019

Mar. 31, 2019

Dec. 31, 2018

Mar. 31, 2020

Mar. 31, 2019

Sep. 30, 2019

Revenue from Contract with Customer, Including Assessed Tax $ 12,356,000 $ 10,712,000 $ 24,033,000 $ 21,140,000

Operating expenses 13,454,000 ^[1] 13,383,000 26,649,000 ^[1] 26,332,000

Income (loss) from operations (1,098,000) (2,671,000) (2,616,000) (5,192,000)

Dividends and interest income 1,297,000 1,141,000 2,977,000 2,671,000

Other income 9,000 3,000 19,000

Net unrealized (losses) gains on investments (77,211,000) 8,497,000 (57,680,000) (20,143,000)

Pretax income (loss) (77,186,000) 6,735,000 (57,696,000) (23,115,000)

Income tax (expense) benefit 20,860,000 (1,717,000) 15,580,000 6,600,000

Net income (loss) (56,326,000) $ 14,210,000 5,018,000 $ (21,533,000) (42,116,000) (16,515,000)

Total assets 174,735,000 243,463,000 174,735,000 243,463,000 $ 237,376,000

Capital expenditures 71,000 168,000 84,000

Net unrealized losses on investments (77,211,000) 8,497,000 (57,680,000) (20,143,000)

(Loss) income before income taxes (77,186,000) 6,735,000 (57,696,000) (23,115,000)

Net (loss) income (56,326,000) $ 14,210,000 5,018,000 $ (21,533,000) (42,116,000) (16,515,000)

Real Estate Bank Loan Secured by Logan Office [Member]

Interest expense on debt (21,000) (22,000) (43,000) (45,000)

Margin Account [Member]

Interest expense on debt (153,000) (219,000) (337,000) (425,000)

Advertising [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,992,000 2,108,000 4,118,000 4,300,000

Subscription and Circulation [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,286,000 1,273,000 2,598,000 2,611,000

Advertising Service Fees and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax 654,000 624,000 1,348,000 1,293,000

License and Maintenance [Member]

Revenue from Contract with Customer, Including Assessed Tax 5,505,000 4,640,000 10,715,000 9,430,000

Consulting Fees [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,229,000 399,000 1,918,000 940,000

Service, Other [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,690,000 1,668,000 3,336,000 2,566,000

Traditional Business [Member]

Revenue from Contract with Customer, Including Assessed Tax 3,932,000 4,005,000 8,064,000 8,204,000

Journal Technologies [Member]

Revenue from Contract with Customer, Including Assessed Tax 8,424,000 6,707,000 15,969,000 12,936,000

Operating Segments [Member] | Traditional Business [Member]

Operating expenses 3,908,000 4,140,000 7,906,000 8,348,000

Income (loss) from operations 24,000 (135,000) 158,000 (144,000)

Dividends and interest income

Other income

Net unrealized (losses) gains on investments

Pretax income (loss) 3,000 (157,000) 115,000 (189,000)

Income tax (expense) benefit 35,000 (30,000) 115,000

Net income (loss) 3,000 (122,000) 85,000 (74,000)

Total assets 16,074,000 17,399,000 16,074,000 17,399,000

Capital expenditures 64,000 99,000 50,000

Net unrealized losses on investments

(Loss) income before income taxes 3,000 (157,000) 115,000 (189,000)

Net (loss) income 3,000 (122,000) 85,000 (74,000)

Operating Segments [Member] | Traditional Business [Member] | Real Estate Bank Loan Secured by Logan Office [Member]

Interest expense on debt (21,000) (22,000) (43,000) (45,000)

Operating Segments [Member] | Traditional Business [Member] | Margin Account [Member]

Interest expense on debt

Operating Segments [Member] | Traditional Business [Member] | Advertising [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,992,000 2,108,000 4,118,000 4,300,000

Operating Segments [Member] | Traditional Business [Member] | Subscription and Circulation [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,286,000 1,273,000 2,598,000 2,611,000

Operating Segments [Member] | Traditional Business [Member] | Advertising Service Fees and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax 654,000 624,000 1,348,000 1,293,000

Operating Segments [Member] | Traditional Business [Member] | License and Maintenance [Member]

Revenue from Contract with Customer, Including Assessed Tax

Operating Segments [Member] | Traditional Business [Member] | Consulting Fees [Member]

Revenue from Contract with Customer, Including Assessed Tax

Operating Segments [Member] | Traditional Business [Member] | Service, Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Operating Segments [Member] | Journal Technologies [Member]

Operating expenses 9,546,000 ^[1] 9,243,000 18,743,000 ^[1] 17,984,000

Income (loss) from operations (1,122,000) (2,536,000) (2,774,000) (5,048,000)

Dividends and interest income

Other income

Net unrealized (losses) gains on investments

Pretax income (loss) (1,122,000) (2,536,000) (2,774,000) (5,048,000)

Income tax (expense) benefit 415,000 715,000 925,000 1,300,000

Net income (loss) (707,000) (1,821,000) (1,849,000) (3,748,000)

Total assets 19,578,000 31,710,000 19,578,000 31,710,000

Capital expenditures 7,000 69,000 34,000

Net unrealized losses on investments

(Loss) income before income taxes (1,122,000) (2,536,000) (2,774,000) (5,048,000)

Net (loss) income (707,000) (1,821,000) (1,849,000) (3,748,000)

Operating Segments [Member] | Journal Technologies [Member] | Real Estate Bank Loan Secured by Logan Office [Member]

Interest expense on debt

Operating Segments [Member] | Journal Technologies [Member] | Margin Account [Member]

Interest expense on debt

Operating Segments [Member] | Journal Technologies [Member] | Advertising [Member]

Revenue from Contract with Customer, Including Assessed Tax

Operating Segments [Member] | Journal Technologies [Member] | Subscription and Circulation [Member]

Revenue from Contract with Customer, Including Assessed Tax

Operating Segments [Member] | Journal Technologies [Member] | Advertising Service Fees and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Operating Segments [Member] | Journal Technologies [Member] | License and Maintenance [Member]

Revenue from Contract with Customer, Including Assessed Tax 5,505,000 4,640,000 10,715,000 9,430,000

Operating Segments [Member] | Journal Technologies [Member] | Consulting Fees [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,229,000 399,000 1,918,000 940,000

Operating Segments [Member] | Journal Technologies [Member] | Service, Other [Member]

Revenue from Contract with Customer, Including Assessed Tax 1,690,000 1,668,000 3,336,000 2,566,000

Corporate, Non-Segment [Member]

Operating expenses

Income (loss) from operations

Dividends and interest income 1,297,000 1,141,000 2,977,000 2,671,000

Other income 9,000 3,000 19,000

Net unrealized (losses) gains on investments (77,211,000) 8,497,000 (57,680,000) (20,143,000)

Pretax income (loss) (76,067,000) 9,428,000 (55,037,000) (17,878,000)

Income tax (expense) benefit 20,445,000 (2,467,000) 14,685,000 5,185,000

Net income (loss) (55,622,000) 6,961,000 (40,352,000) (12,693,000)

Total assets 139,083,000 194,354,000 139,083,000 194,354,000

Capital expenditures

Net unrealized losses on investments (77,211,000) 8,497,000 (57,680,000) (20,143,000)

(Loss) income before income taxes (76,067,000) 9,428,000 (55,037,000) (17,878,000)

Net (loss) income (55,622,000) 6,961,000 (40,352,000) (12,693,000)

Corporate, Non-Segment [Member] | Real Estate Bank Loan Secured by Logan Office [Member]

Interest expense on debt

Corporate, Non-Segment [Member] | Margin Account [Member]

Interest expense on debt (153,000) (219,000) (337,000) (425,000)

Corporate, Non-Segment [Member] | Advertising [Member]

Revenue from Contract with Customer, Including Assessed Tax

Corporate, Non-Segment [Member] | Subscription and Circulation [Member]

Revenue from Contract with Customer, Including Assessed Tax

Corporate, Non-Segment [Member] | Advertising Service Fees and Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

Corporate, Non-Segment [Member] | License and Maintenance [Member]

Revenue from Contract with Customer, Including Assessed Tax

Corporate, Non-Segment [Member] | Consulting Fees [Member]

Revenue from Contract with Customer, Including Assessed Tax

Corporate, Non-Segment [Member] | Service, Other [Member]

Revenue from Contract with Customer, Including Assessed Tax

[1] included goodwill impairment of $13,400,000

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32672-109319

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120385591&loc=d3e38679-109324

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.8)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_InterestExpenseDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7(a),(b))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_InvestmentIncomeInterestAndDividend

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585
+ Details

Name: us-gaap_PaymentsToAcquirePropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856
+ Details

Name: us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of unrealized gain (loss) on investment.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585
+ Details

Name: us-gaap_UnrealizedGainLossOnInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_DebtInstrumentAxis=djco_RealEstateBankLoanSecuredByLoganOfficeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=djco_MarginAccountMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_AdvertisingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_SubscriptionAndCirculationMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=djco_AdvertisingServiceFeesAndOtherMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_LicenseAndMaintenanceMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=djco_ConsultingFeesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_ServiceOtherMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementBusinessSegmentsAxis=djco_TraditionalBusinessMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementBusinessSegmentsAxis=djco_JournalTechnologiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 31 R5.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)

Cumulative Effect, Period of Adoption, Adjustment [Member]

Common Stock [Member]

Cumulative Effect, Period of Adoption, Adjustment [Member]

Treasury Stock [Member]

Cumulative Effect, Period of Adoption, Adjustment [Member]

Additional Paid-in Capital [Member]

Cumulative Effect, Period of Adoption, Adjustment [Member]

Retained Earnings [Member]

Cumulative Effect, Period of Adoption, Adjustment [Member]

AOCI Attributable to Parent [Member]

Cumulative Effect, Period of Adoption, Adjustment [Member]

Common Stock [Member]

Treasury Stock [Member]

Additional Paid-in Capital [Member]

Retained Earnings [Member]

AOCI Attributable to Parent [Member]

Total

Balance (in shares) at Sep. 30, 2018 1,805,053 (424,307)

Balance at Sep. 30, 2018 $ 115,786,000 $ (115,786,000) $ 18,000 $ (4,000) $ 1,755,000 $ 45,361,000 $ 115,786,000 $ 162,916,000

Net (loss) income (21,533,000) (21,533,000)

Balance (in shares) at Dec. 31, 2018 1,805,053 (424,307)

Balance at Dec. 31, 2018 $ 18,000 $ (4,000) 1,755,000 139,614,000 141,383,000

Balance (in shares) at Sep. 30, 2018 1,805,053 (424,307)

Balance at Sep. 30, 2018 $ 115,786,000 $ (115,786,000) $ 18,000 $ (4,000) 1,755,000 45,361,000 115,786,000 162,916,000

Net (loss) income (16,515,000)

Balance (in shares) at Mar. 31, 2019 1,805,053 (424,307)

Balance at Mar. 31, 2019 $ 18,000 $ (4,000) 1,755,000 144,632,000 146,401,000

Balance (in shares) at Dec. 31, 2018 1,805,053 (424,307)

Balance at Dec. 31, 2018 $ 18,000 $ (4,000) 1,755,000 139,614,000 141,383,000

Net (loss) income 5,018,000 5,018,000

Balance (in shares) at Mar. 31, 2019 1,805,053 (424,307)

Balance at Mar. 31, 2019 $ 18,000 $ (4,000) 1,755,000 144,632,000 146,401,000

Balance (in shares) at Sep. 30, 2019 1,805,053 (424,307)

Balance at Sep. 30, 2019 $ 18,000 $ (4,000) 1,755,000 135,931,000 137,700,000

Net (loss) income 14,210,000 14,210,000

Balance (in shares) at Dec. 31, 2019 1,805,053 (424,307)

Balance at Dec. 31, 2019 $ 18,000 $ (4,000) 1,755,000 150,141,000 151,910,000

Balance (in shares) at Sep. 30, 2019 1,805,053 (424,307)

Balance at Sep. 30, 2019 $ 18,000 $ (4,000) 1,755,000 135,931,000 137,700,000

Net (loss) income (42,116,000)

Balance (in shares) at Mar. 31, 2020 1,805,053 (424,307)

Balance at Mar. 31, 2020 $ 18,000 $ (4,000) 1,755,000 93,815,000 95,584,000

Balance (in shares) at Dec. 31, 2019 1,805,053 (424,307)

Balance at Dec. 31, 2019 $ 18,000 $ (4,000) 1,755,000 150,141,000 151,910,000

Net (loss) income (56,326,000) (56,326,000)

Balance (in shares) at Mar. 31, 2020 1,805,053 (424,307)

Balance at Mar. 31, 2020 $ 18,000 $ (4,000) $ 1,755,000 $ 93,815,000 $ 95,584,000

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares issued which are neither cancelled nor held in the treasury.
+ References
No definition available.
+ Details

Name: us-gaap_SharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 32 R1.htm IDEA: XBRL DOCUMENT v3.20.1

Document And Entity Information - shares
6 Months Ended

Mar. 31, 2020

Apr. 30, 2020

Document Information [Line Items]

Entity Registrant Name DAILY JOURNAL CORPORATION

Entity Central Index Key 0000783412

Trading Symbol djco

Current Fiscal Year End Date --09-30

Entity Filer Category Accelerated Filer

Entity Current Reporting Status Yes

Entity Emerging Growth Company false

Entity Small Business false

Entity Interactive Data Current Yes

Entity Common Stock, Shares Outstanding (in shares) 1,380,746

Entity Shell Company false

Document Type 10-Q

Document Period End Date Mar. 31, 2020

Document Fiscal Year Focus 2020

Document Fiscal Period Focus Q2

Amendment Flag false

Title of 12(b) Security Common Stock, par value $.01 per share

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: dei_DocumentInformationLineItems

Namespace Prefix: dei_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details

Name: dei_Security12bTitle

Namespace Prefix: dei_

Data Type: dei:securityTitleItemType

Balance Type: na

Period Type: duration

X

- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details

Name: dei_TradingSymbol

Namespace Prefix: dei_

Data Type: dei:tradingSymbolItemType

Balance Type: na

Period Type: duration

XML 33 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 34 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} EXCEL 35 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 36 R4.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Mar. 31, 2020

Mar. 31, 2019

Revenue

Revenues $ 12,356,000 $ 10,712,000 $ 24,033,000 $ 21,140,000

Costs and expenses

Salaries and employee benefits 9,678,000 8,791,000 18,565,000 17,446,000

Outside services 1,154,000 1,244,000 2,014,000 2,402,000

Postage and delivery expenses 191,000 205,000 401,000 409,000

Newsprint and printing expenses 193,000 186,000 371,000 362,000

Depreciation and amortization 128,000 150,000 256,000 303,000

Equipment maintenance and software 504,000 410,000 826,000 753,000

Credit card merchant discount fees 388,000 375,000 770,000 645,000

Rent expenses 170,000 257,000 342,000 515,000

Accounting and legal fees 202,000 396,000 458,000 799,000

Other general and administrative expenses 846,000 1,369,000 2,646,000 2,698,000

Operating Expenses, Total 13,454,000 ^[1] 13,383,000 26,649,000 ^[1] 26,332,000

Loss from operations (1,098,000) (2,671,000) (2,616,000) (5,192,000)

Other income (expense)

Dividends and interest income 1,297,000 1,141,000 2,977,000 2,671,000

Other income 9,000 3,000 19,000

Net unrealized (losses) gains on investments (77,211,000) 8,497,000 (57,680,000) (20,143,000)

(Loss) income before income taxes (77,186,000) 6,735,000 (57,696,000) (23,115,000)

Benefit from (provision for) income taxes 20,860,000 (1,717,000) 15,580,000 6,600,000

Net (loss) income $ (56,326,000) $ 5,018,000 $ (42,116,000) $ (16,515,000)

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) $ (40.79) $ 3.63 $ (30.50) $ (11.96)

Comprehensive (loss) income $ (56,326,000) $ 5,018,000 $ (42,116,000) $ (16,515,000)

Real Estate Bank Loan Secured by Logan Office [Member]

Other income (expense)

Interest expense on debt (21,000) (22,000) (43,000) (45,000)

Margin Account [Member]

Other income (expense)

Interest expense on debt (153,000) (219,000) (337,000) (425,000)

Advertising [Member]

Revenue

Revenues 1,992,000 2,108,000 4,118,000 4,300,000

Subscription and Circulation [Member]

Revenue

Revenues 1,286,000 1,273,000 2,598,000 2,611,000

Advertising Service Fees and Other [Member]

Revenue

Revenues 654,000 624,000 1,348,000 1,293,000

License and Maintenance [Member]

Revenue

Revenues 5,505,000 4,640,000 10,715,000 9,430,000

Consulting Fees [Member]

Revenue

Revenues 1,229,000 399,000 1,918,000 940,000

Service, Other [Member]

Revenue

Revenues $ 1,690,000 $ 1,668,000 $ 3,336,000 $ 2,566,000

[1] included goodwill impairment of $13,400,000

X

- Definition
the cost of credit card merchant discount fees.
+ References
No definition available.
+ Details

Name: djco_CreditCardMerchantDiscountFees

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of expense to equipment maintenance and software.
+ References
No definition available.
+ Details

Name: djco_EquipmentMaintenanceAndSoftware

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Costs of newsprint used and outside contract printings.
+ References
No definition available.
+ Details

Name: djco_NewsprintAndContractPrintings

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Outside service costs including programmings, freelancers, messengers & deliveries, mailing and transportation of newspapers, features, wire services, information sources for publishing, etc.
+ References
No definition available.
+ Details

Name: djco_OtherOutsideServices

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Costs of postage and hand delivery services.
+ References
No definition available.
+ Details

Name: djco_PostageAndHandDelivery

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(22))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(24))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e557-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(26))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580
+ Details

Name: us-gaap_ComprehensiveIncomeNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CostsAndExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585
+ Details

Name: us-gaap_DepreciationAndAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1337-109256
+ Details

Name: us-gaap_EarningsPerShareBasicAndDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32672-109319

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120385591&loc=d3e38679-109324

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.8)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_InterestExpenseDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7(a),(b))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_InvestmentIncomeInterestAndDividend

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(b)(4))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_LaborAndRelatedExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of operating lease expense. Excludes sublease income.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 4
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918638-209977
+ Details

Name: us-gaap_OperatingLeaseExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of general and administrative expense classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherGeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OtherIncomeAndExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07.2(a),(b),(c),(d))
-URI http://asc.fasb.org/extlink&oid=120401555&loc=SL114874292-224272

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 220
-Section 45
-Paragraph 3
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=118262090&loc=SL114874205-224268
+ Details

Name: us-gaap_ProfessionalFees

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856
+ Details

Name: us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_RevenuesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of unrealized gain (loss) on investment.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585
+ Details

Name: us-gaap_UnrealizedGainLossOnInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).
+ References
No definition available.
+ Details

Name: us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_DebtInstrumentAxis=djco_RealEstateBankLoanSecuredByLoganOfficeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=djco_MarginAccountMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_AdvertisingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_SubscriptionAndCirculationMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=djco_AdvertisingServiceFeesAndOtherMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_LicenseAndMaintenanceMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=djco_ConsultingFeesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_ServiceOtherMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 37 R8.htm IDEA: XBRL DOCUMENT v3.20.1

Note 2 - Basis of Presentation
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Basis of Accounting [Text Block]
Note
2
- Basis of Presentation

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, 2020,
its results of operations for the
three
- and
six
-months periods ended
March 31, 2020
and
2019,
its consolidated statements of shareholders’ equity for the
six
months ended
March 31, 2020
and
2019
and cash flows for the
six
months ended
March 31, 2020
and
2019.
The results of operations for the
six
months ended
March 31, 2020
are
not
necessarily indicative of the results to be expected for the full year.

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
misleading. These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company's Annual Report on Form
10
-K for the fiscal year ended
September 30, 2019.

X

- Definition
The entire disclosure for the basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-URI http://asc.fasb.org/topic&trid=2122369
+ Details

Name: us-gaap_BasisOfAccounting

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 38 R23.htm IDEA: XBRL DOCUMENT v3.20.1

Note 7 - Income Taxes (Details Textual) - USD ($)
3 Months Ended 6 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Mar. 31, 2020

Mar. 31, 2019

Income Tax Expense (Benefit), Total $ (20,860,000) $ 1,717,000 $ (15,580,000) $ (6,600,000)

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total 57,696,000 $ 23,115,000

Income Tax Reconciliation, Tax Credit, CARES Act 187,000

Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount $ 15,425,000

Effective Income Tax Rate Reconciliation, Percent, Total 27.00% 29.00%

Domestic Tax Authority [Member]

Open Tax Year 2016 2017 2018 2019

State and Local Jurisdiction [Member]

Open Tax Year 2015 2016 2017 2018 2019

X

- Definition
Amount of reported income tax expense (benefit) in excess of (less than) expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operations, attributable to Coronavirus Aid, Relief and Economic Security ("CARES") Act.
+ References
No definition available.
+ Details

Name: djco_IncomeTaxReconciliationTaxCreditCARESAct

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319
+ Details

Name: us-gaap_EffectiveIncomeTaxRateContinuingOperations

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32672-109319

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120385591&loc=d3e38679-109324

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to investment tax credit.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319
+ Details

Name: us-gaap_IncomeTaxReconciliationTaxCreditsInvestment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Tax year that remains open to examination under enacted tax laws, in CCYY format.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319
+ Details

Name: us-gaap_OpenTaxYear

Namespace Prefix: us-gaap_

Data Type: us-types:gYearListItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_IncomeTaxAuthorityAxis=us-gaap_DomesticCountryMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_IncomeTaxAuthorityAxis=us-gaap_StateAndLocalJurisdictionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 39 R27.htm IDEA: XBRL DOCUMENT v3.20.1

Note 10 - Operating Segments - Deferred Revenue Obligations (Details)
6 Months Ended

Mar. 31, 2020

USD ($)

Subscription and Circulation [Member]

Deferred revenue $ 3,195,000

Deferred Revenue, Additions 2,287,000

Deferred Revenue, Revenue Recognized (2,598,000)

Deferred revenue 2,884,000

Installation Contracts [Member]

Deferred revenue 1,932,000

Deferred Revenue, Additions 1,471,000

Deferred Revenue, Revenue Recognized (2,295,000)

Deferred revenue 1,108,000

License and Maintenance [Member]

Deferred revenue 16,057,000

Deferred Revenue, Additions 7,738,000

Deferred Revenue, Revenue Recognized (10,338,000)

Deferred revenue $ 13,457,000

X

- Definition
Amount of deferred revenue recognized for transactions arising during the current reporting period.
+ References
No definition available.
+ Details

Name: djco_ContractWithCustomerLiabilityAdditions

Namespace Prefix: djco_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556615&loc=SL49130531-203044

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130549-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556615&loc=SL49130532-203044
+ Details

Name: us-gaap_ContractWithCustomerLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of revenue recognized that was previously included in balance of obligation to transfer good or service to customer for which consideration from customer has been received or is due.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130549-203045
+ Details

Name: us-gaap_ContractWithCustomerLiabilityRevenueRecognized

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_SubscriptionAndCirculationMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=djco_InstallationContractsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_LicenseAndMaintenanceMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 40 R11.htm IDEA: XBRL DOCUMENT v3.20.1

Note 5 - Basic and Diluted Income Per Share
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]
Note
5
- Basic and Diluted Income Per Share

The Company does
not
have any common stock equivalents, and therefore basic and diluted income (loss) per share are the same.

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for earnings per share.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257
+ Details

Name: us-gaap_EarningsPerShareTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 41 R15.htm IDEA: XBRL DOCUMENT v3.20.1

Note 9 - Contingencies
6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]
Note
9
- Contingencies

From time to time, the Company is subject to contingencies, including litigation, arising in the normal course of its business. While it is
not
possible to predict the results of such contingencies, management does
not
believe the ultimate outcome of these matters will have a material effect on the Company’s financial position or results of operations or cash flows.

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-URI http://asc.fasb.org/topic&trid=2127136

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 42 R19.htm IDEA: XBRL DOCUMENT v3.20.1

Note 10 - Operating Segments (Tables)
6 Months Ended

Mar. 31, 2020

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Six months ended March 31, 2020

Revenues

Advertising
$
4,118,000
$
---
$
---
$
4,118,000

Circulation

2,598,000

---

---

2,598,000

Advertising service fees and other

1,348,000

---

---

1,348,000

Licensing and maintenance fees

---

10,715,000

---

10,715,000

Consulting fees

---

1,918,000

---

1,918,000

Other public service fees

---

3,336,000

---

3,336,000

Operating expenses

7,906,000

18,743,000

---

26,649,000

Income (loss) from operations

158,000

(2,774,000
)
---

(2,616,000
)

Dividends and interest income

---

---

2,977,000

2,977,000

Other income

---

---

3,000

3,000

Net unrealized losses on investments

---

---

(57,680,000
)
(57,680,000
)

Interest expenses on note payable collateralized by real estate

(43,000
)
---

---

(43,000
)

Interest expenses on margin loans and others

---

---

(337,000
)
(337,000
)

Pretax income (loss)

115,000

(2,774,000
)
(55,037,000
)
(57,696,000
)

Income tax (expense) benefit

(30,000
)
925,000

14,685,000

15,580,000

Net income (loss)

85,000

(1,849,000
)
(40,352,000
)
(42,116,000
)

Total assets

16,074,000

19,578,000

139,083,000

174,735,000

Capital expenditures

99,000

69,000

---

168,000

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Six months ended March 31, 2019

Revenues

Advertising
$
4,300,000
$
---
$
---
$
4,300,000

Circulation

2,611,000

---

---

2,611,000

Advertising service fees and other

1,293,000

---

---

1,293,000

Licensing and maintenance fees

---

9,430,000

---

9,430,000

Consulting fees

---

940,000

---

940,000

Other public service fees

---

2,566,000

---

2,566,000

Operating expenses

8,348,000

17,984,000

---

26,332,000

Loss from operations

(144,000
)
(5,048,000
)
---

(5,192,000
)

Dividends and interest income

---

---

2,671,000

2,671,000

Other income

---

---

19,000

19,000

Net unrealized losses on investments

---

---

(20,143,000
)
(20,143,000
)

Interest expenses on note payable collateralized by real estate

(45,000
)
---

---

(45,000
)

Interest expenses on margin loans

---

---

(425,000
)
(425,000
)

Pretax loss

(189,000
)
(5,048,000
)
(17,878,000
)
(23,115,000
)

Income tax benefit

115,000

1,300,000

5,185,000

6,600,000

Net loss

(74,000
)
(3,748,000
)
(12,693,000
)
(16,515,000
)

Total assets

17,399,000

31,710,000

194,354,000

243,463,000

Capital expenditures

50,000

34,000

---

84,000

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Three months ended March 31, 2020

Revenues

Advertising
$
1,992,000
$
---
$
---
$
1,992,000

Circulation

1,286,000

---

---

1,286,000

Advertising service fees and other

654,000

---

---

654,000

Licensing and maintenance fees

---

5,505,000

---

5,505,000

Consulting fees

---

1,229,000

---

1,229,000

Other public service fees

---

1,690,000

---

1,690,000

Operating expenses

3,908,000

9,546,000

---

13,454,000

Income (loss) from operations

24,000

(1,122,000
)
---

(1,098,000
)

Dividends and interest income

---

---

1,297,000

1,297,000

Net unrealized losses on investments

---

---

(77,211,000
)
(77,211,000
)

Interest expenses on note payable collateralized by real estate

(21,000
)
---

---

(21,000
)

Interest expenses on margin loans and others

---

---

(153,000
)
(153,000
)

Pretax income (loss)

3,000

(1,122,000
)
(76,067,000
)
(77,186,000
)

Income tax benefit

---

415,000

20,445,000

20,860,000

Net income (loss)

3,000

(707,000
)
(55,622,000
)
(56,326,000
)

Total assets

16,074,000

19,578,000

139,083,000

174,735,000

Capital expenditures

64,000

7,000

---

71,000

Reportable Segments

Traditional

Business

Journal

Technologies

Corporate income

and expenses

Total

Three months ended March 31, 2019

Revenues

Advertising
$
2,108,000
$
---
$
---
$
2,108,000

Circulation

1,273,000

---

---

1,273,000

Advertising service fees and other

624,000

---

---

624,000

Licensing and maintenance fees

---

4,640,000

---

4,640,000

Consulting fees

---

399,000

---

399,000

Other public service fees

---

1,668,000

---

1,668,000

Operating expenses

4,140,000

9,243,000

---

13,383,000

Loss from operations

(135,000
)
(2,536,000
)
---

(2,671,000
)

Dividends and interest income

---

---

1,141,000

1,141,000

Other income

---

---

9,000

9,000

Net unrealized gains on investments

---

---

8,497,000

8,497,000

Interest expenses on note payable collateralized by real estate

(22,000
)
---

---

(22,000
)

Interest expenses on margin loans

---

---

(219,000
)
(219,000
)

Pretax income (loss)

(157,000
)
(2,536,000
)
9,428,000

6,735,000

Income tax benefit (expense)

35,000

715,000

(2,467,000
)
(1,717,000
)

Net (loss) income

(122,000
)
(1,821,000
)
6,961,000

5,018,000

Total assets

17,399,000

31,710,000

194,354,000

243,463,000

Capital expenditures

---

---

---

---

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

Beginning

Balance

Oct. 1, 2019

Addition

Recognized

Ending

Balance

March 31, 2020

Deferred subscriptions
$
3,195,000
$
2,287,000
$
(2,598,000
) $
2,884,000

Deferred installation contracts

1,932,000

1,471,000

(2,295,000
)
1,108,000

Deferred maintenance agreements and others

16,057,000

7,738,000

(10,338,000
)
13,457,000

X

- Definition
Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045
+ Details

Name: us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599
+ Details

Name: us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_TableTextBlock

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

Note 7 - Income Taxes	6 Months Ended
Note 7 - Income Taxes	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 7 - Income Taxes For the six months ended March 31, 2020, the Company recorded an income tax benefit of $15,580,000 on a pretax loss of $57,696,000. This was the net result of applying the effective tax rate anticipated for fiscal 2020 to the pretax loss, before the unrealized losses on investments, for the six months ended March 31, 2020. The effective tax rate was more than the statutory rate primarily due to the dividends received deduction, which increased the taxable loss, and state tax benefits. In addition, the Company recorded tax benefits of (i) $187,000 resulting from the Coronavirus Aid, Relief and Economic Security (“CARES”) Act (see below) and (ii) $15,425,000 for the unrealized losses on investments during the six months ended March 31, 2020. The effective tax rate for the six months ended March 31, 2020 was 27%, after including the tax benefits from the CARES Act and the unrealized losses on investments. The CARES Act, which was signed into law on March 27, 2020, contains two federal tax provisions beneficial to the Company. One provision provides that net operating losses arising in tax years beginning in 2018, that were previously only available to be carried forward, can now be carried back to the five previous years. In addition, any alternative minimum tax credits carried forward from prior years can be claimed as a refund in years beginning in 2018. Consequently, the Company recorded a tax benefit resulting from carrying back a portion of the net operating loss generated in fiscal 2019 to fiscal 2014. The Company anticipates receiving a refund for all taxes and alternative minimum taxes paid in fiscal 2014. The resulting tax benefit from carrying back the net operating loss is primarily attributable to the difference in the federal tax rates of 34% in fiscal 2014 and 21% in fiscal 2019. For the six months ended March 31, 2019, the Company recorded an income tax benefit of $6,600,000 on a pretax loss of $23,115,000. This was the net result of applying the effective tax rate anticipated for fiscal 2019 to the pretax loss for the six months ended March 31, 2019. The effective tax rate was greater than the statutory rate primarily due to state tax benefits. The Company’s effective tax rate was 27% for the six months ended March 31, 2020 as compared with 29% in the prior year period. 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 2016 with regard to federal income taxes and fiscal 2015 for state income taxes.

Note 11 - Subsequent Events	6 Months Ended
Note 11 - Subsequent Events	Mar. 31, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	Note 11 - Subsequent Events On March 13, 2020, the United States declared the outbreak of COVID- 19 to be a national emergency, and several states and municipalities have declared public health emergencies. Unprecedented actions have been taken by public health and governmental authorities to contain and combat the spread of COVID- 19, including “stay-at-home” orders and similar mandates that restrict the daily activities of individuals and limit the operation of businesses that are deemed “non-essential.” In addition, most of Journal Technologies’ customers, which are primarily courts and governmental agencies in the United States and Canada, are either closed or have significantly scaled back their activities. Similarly, many law firms and companies from which the Traditional Business derives advertising and subscription revenues have also curtailed their operations and spending. In light of this extraordinary and ongoing situation, on April 30, 2020, the Company made the difficult decision to reorganize its part-time and full-time workforce at both the Traditional Business and Journal Technologies, which included some layoffs and temporary furloughs. Except for the personnel reorganization mentioned above, the Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that no subsequent events occurred that required recognition to the financial statements or disclosures in the Notes to Consolidated Financial Statements.

Note 3 - Accounting Standards Adopted in Fiscal 2020 (Details Textual) - USD ($)	Mar. 31, 2020	Sep. 30, 2019
Operating Lease, Right-of-Use Asset	$ 382,000
Office Lease Obligations Beyond One Year	43,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset	382,000
Operating Lease, Liability, Total	$ 382,000

Note 8 - Debts and Commitments (Details Textual)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
Note 8 - Debts and Commitments (Details Textual)	Nov. 30, 2015 USD ($) ft² a	Mar. 31, 2020 USD ($)	Mar. 31, 2019 USD ($)	Mar. 31, 2020 USD ($)	Mar. 31, 2019 USD ($)	Sep. 30, 2013 USD ($)
Payments to Acquire Property, Plant, and Equipment, Total		$ 71,000		$ 168,000	$ 84,000
Loans Payable to Bank, Total		$ 1,770,000		$ 1,770,000
UTAH \| Building [Member]
Area of Real Estate Property (Square Foot) \| ft²	30,700
UTAH \| Land [Member]
Area of Land (Acre) \| a	3.6
UTAH \| Land and Building [Member]
Payments to Acquire Property, Plant, and Equipment, Total	$ 1,240,000
Margin Account [Member]
Proceeds from Issuance of Debt						$ 29,500,000
Margin Account [Member] \| Fed Funds Rate [Member]
Debt Instrument, Basis Spread on Variable Rate						0.50%
Debt Instrument, Interest Rate, Effective Percentage		0.75%		0.75%
Real Estate Bank Loan Secured by Logan Office [Member]
Loans Payable to Bank, Total	$ 2,260,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.66%
Debt Instrument, Periodic Payment, Total	$ 17,600

Note 1 - The Corporation and Operations	6 Months Ended
Note 1 - The Corporation and Operations	Mar. 31, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - The Corporation and Operations Daily Journal Corporation (the “Company”) publishes newspapers and web sites 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 efiling and a website to pay traffic citations and fees online, and bar members. These products are licensed to more than 500 organizations in 42 states and internationally. Essentially all of the Company’s U.S. operations are based in California, Arizona, Colorado and Utah. The Company also has a presence in Australia where Journal Technologies is working on two software installation projects.

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2020	Sep. 30, 2019
Marketable securities	$ 136,901,000	$ 194,581,000
Accounts receivable, allowance for doubtful accounts	$ 200,000	$ 200,000
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
Common Stock [Member]
Marketable securities	$ 136,901,000	$ 194,581,000

Note 4 - Revenue Recognition	6 Months Ended
Note 4 - Revenue Recognition	Mar. 31, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 4 – Revenue Recognition The Company recognizes revenues in accordance with the provisions of ASU No. 2014 - 09, Revenue from Contracts with Customers (ASC Topic 606 ) , which it adopted effective October 1, 2017, using the modified retrospective method. For the Company’s 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 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, 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 efile cases and pay traffic citations and other fees. 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. Also, as a practical expedient, the Company has elected not to include its evaluation of variable consideration of certain usage-based public service fees that are included in some contracts. 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.

Note 8 - Debts and Commitments	6 Months Ended
Note 8 - Debts and Commitments	Mar. 31, 2020
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note 8 - Debt 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. 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 March 31, 2020 was 0.75%. These investment margin account borrowings do not mature. In 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 by Journal Technologies. The Company paid $1.24 million and financed the balance with a real estate bank loan of $2.26 million which bears a fixed interest rate of 4.66% and is repayable in equal monthly installments of about $17,600 through 2030. This loan is secured by the Logan facility and can be paid off at any time without prepayment penalty. This real estate loan had a balance of approximately $1.77 million as of March 31, 2020. 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 fiscal 2021.

Note 3 - Accounting Standards Adopted in Fiscal 2020	6 Months Ended
Note 3 - Accounting Standards Adopted in Fiscal 2020	Mar. 31, 2020
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	Note 3 - Accounting Standards Adopted in Fiscal 2020 In February 2016, the Financial Accounting Standard Board issued Accounting Standards Update (“ASU”) 2016 - 02, Leases (Topic 842 ) which requires that all leases be recognized by lessees on the balance sheet through a right-of-use (ROU) asset and corresponding lease liability, including today’s operating leases. During the first quarter of fiscal 2020, the Company adopted this standard using the modified retrospective method, which does not require an adjustment to comparative period financial statements. At March 31, 2020, the Company recorded a right-of-use (ROU) asset and lease liability of approximately $382,000 for its operating office leases. As allowed by the guidance, the Company has elected not to recognize ROU assets and lease liabilities for short-term (less than one year) leases of any class of underlying asset. ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent its obligation to make rental payments from the leases. ROU assets and liabilities are required to be recognized based on the present value of lease payments over the lease term. At March 31, 2020, the Company had office lease obligations of approximately $43,000 beyond one year; it is deemed immaterial for the present value difference. Operating office leases are included in operating lease ROU assets, current accrued liabilities and long-term accrued liabilities in the Company’s accompanying Consolidated Balance Sheets. The Company’s adoption of this new standard had no significant impact on the Company’s financial condition, results of operations or disclosures.

Note 6 - Investments in Marketable Securities - Summary of Investments (Details) - Common Stock [Member] - USD ($)	Mar. 31, 2020	Sep. 30, 2019
Aggregate fair value	$ 136,901,000	$ 194,581,000
Amortized/adjusted cost basis	53,889,000	53,889,000
Pretax net unrealized gains	$ 83,012,000	$ 140,692,000

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Sep. 30, 2018			1,805,053	(424,307)
Balance at Sep. 30, 2018	$ 115,786,000	$ (115,786,000)	$ 18,000	$ (4,000)	$ 1,755,000	$ 45,361,000	$ 115,786,000	$ 162,916,000
Net (loss) income						(21,533,000)		(21,533,000)
Balance (in shares) at Dec. 31, 2018			1,805,053	(424,307)
Balance at Dec. 31, 2018			$ 18,000	$ (4,000)	1,755,000	139,614,000		141,383,000
Balance (in shares) at Sep. 30, 2018			1,805,053	(424,307)
Balance at Sep. 30, 2018	$ 115,786,000	$ (115,786,000)	$ 18,000	$ (4,000)	1,755,000	45,361,000	115,786,000	162,916,000
Net (loss) income								(16,515,000)
Balance (in shares) at Mar. 31, 2019			1,805,053	(424,307)
Balance at Mar. 31, 2019			$ 18,000	$ (4,000)	1,755,000	144,632,000		146,401,000
Balance (in shares) at Dec. 31, 2018			1,805,053	(424,307)
Balance at Dec. 31, 2018			$ 18,000	$ (4,000)	1,755,000	139,614,000		141,383,000
Net (loss) income						5,018,000		5,018,000
Balance (in shares) at Mar. 31, 2019			1,805,053	(424,307)
Balance at Mar. 31, 2019			$ 18,000	$ (4,000)	1,755,000	144,632,000		146,401,000
Balance (in shares) at Sep. 30, 2019			1,805,053	(424,307)
Balance at Sep. 30, 2019			$ 18,000	$ (4,000)	1,755,000	135,931,000		137,700,000
Net (loss) income						14,210,000		14,210,000
Balance (in shares) at Dec. 31, 2019			1,805,053	(424,307)
Balance at Dec. 31, 2019			$ 18,000	$ (4,000)	1,755,000	150,141,000		151,910,000
Balance (in shares) at Sep. 30, 2019			1,805,053	(424,307)
Balance at Sep. 30, 2019			$ 18,000	$ (4,000)	1,755,000	135,931,000		137,700,000
Net (loss) income								(42,116,000)
Balance (in shares) at Mar. 31, 2020			1,805,053	(424,307)
Balance at Mar. 31, 2020			$ 18,000	$ (4,000)	1,755,000	93,815,000		95,584,000
Balance (in shares) at Dec. 31, 2019			1,805,053	(424,307)
Balance at Dec. 31, 2019			$ 18,000	$ (4,000)	1,755,000	150,141,000		151,910,000
Net (loss) income						(56,326,000)		(56,326,000)
Balance (in shares) at Mar. 31, 2020			1,805,053	(424,307)
Balance at Mar. 31, 2020			$ 18,000	$ (4,000)	$ 1,755,000	$ 93,815,000		$ 95,584,000

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Mar. 31, 2020	Apr. 30, 2020
Document Information [Line Items]
Entity Registrant Name	DAILY JOURNAL CORPORATION
Entity Central Index Key	0000783412
Trading Symbol	djco
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		1,380,746
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $.01 per share

Note 2 - Basis of Presentation	6 Months Ended
Note 2 - Basis of Presentation	Mar. 31, 2020
Notes to Financial Statements
Basis of Accounting [Text Block]	Note 2 - Basis of Presentation 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, 2020, its results of operations for the three - and six -months periods ended March 31, 2020 and 2019, its consolidated statements of shareholders’ equity for the six months ended March 31, 2020 and 2019 and cash flows for the six months ended March 31, 2020 and 2019. The results of operations for the six months ended March 31, 2020 are not necessarily indicative of the results to be expected for the full year. 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 misleading. These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company's Annual Report on Form 10 -K for the fiscal year ended September 30, 2019.

Note 7 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
Note 7 - Income Taxes (Details Textual) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Tax Expense (Benefit), Total	$ (20,860,000)	$ 1,717,000	$ (15,580,000)	$ (6,600,000)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total			57,696,000	$ 23,115,000
Income Tax Reconciliation, Tax Credit, CARES Act			187,000
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount			$ 15,425,000
Effective Income Tax Rate Reconciliation, Percent, Total			27.00%	29.00%
Domestic Tax Authority [Member]
Open Tax Year	2016 2017 2018 2019
State and Local Jurisdiction [Member]
Open Tax Year	2015 2016 2017 2018 2019

Note 5 - Basic and Diluted Income Per Share	6 Months Ended
Note 5 - Basic and Diluted Income Per Share	Mar. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 5 - Basic and Diluted Income Per Share The Company does not have any common stock equivalents, and therefore basic and diluted income (loss) per share are the same.

Note 9 - Contingencies	6 Months Ended
Note 9 - Contingencies	Mar. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 9 - Contingencies From time to time, the Company is subject to contingencies, including litigation, arising in the normal course of its business. While it is not possible to predict the results of such contingencies, management does not believe the ultimate outcome of these matters will have a material effect on the Company’s financial position or results of operations or cash flows.