Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2020

Fair Value Measurements for Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes fair value measurements at September 30, 2020 and September 30, 2019 for assets and liabilities measured at fair value on a recurring basis. Certain amounts have been reclassed to conform with current year presentation.

September 30, 2020:

	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	143,582,667	$	-	$	-	$	143,582,667
Marketable securities	$	85,019,719	$	-	$	-	$	85,019,719
Short-term investments (held to maturity)	$	-	$	88,479,624	$	-	$	88,479,624
Long-term investments (held to maturity)	$	-	$	141,981,376	$	-	$	141,981,376
Contingent Consideration	$	-	$	-	$	-	$	-

September 30, 2019:

	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	221,804,128	$	-	$	-	$	221,804,128
Short-term investments	$	-	$	37,122,478	$	-	$	37,122,478
Long-term investments	$	-	$	45,051,251	$	-	$	45,051,251
Contingent Consideration	$	-	$	-	$	-	$	-