NOTE 4. INVESTMENTS

The Company had invested a portion of its excess cash balances in short-term and long-term debt securities. During the year ended September 30, 2016, the Company’s investments all matured, and the Company has not invested any excess cash at September 30, 2016. The Company may also invest excess cash balances in certificates of deposit, money market accounts, U.S. Treasuries, U.S. government agency obligations, corporate debt securities, and/or commercial paper. The Company has historically accounted for its investments in accordance with FASB ASC 320, Investments – Debt and Equity Securities. All investments historically have been classified as held-to-maturity securities.

The following tables summarize the Company’s short-term investments as of September 30, 2016, and September 30, 2015.

As of September 30, 2016

Amortized Cost

Gross Unrealized Gains

Gross Unrealized Losses

Fair Value

Commercial notes (due within one year)

—

	As of September 30, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Commercial notes (due within one year)	$	17,539,902	$	—	$	(304,942	)	$	17,234,960