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Stockholders' Equity
12 Months Ended
Sep. 30, 2019
Stockholders Equity Note [Abstract]  
Stockholders' Equity

6. STOCKHOLDERS’ EQUITY

Upon approval by the stockholders of the Company’s 2010 Restricted Stock Plan in March 2010, as amended in May 2018, the board of directors approved to continue to allow management to repurchase up to $1.5 million of the Company’s common stock at their discretion. The repurchase of an additional $1.5 million of the Company’s common stock continues to be authorized and approved effective when the previous amount is utilized. The Board added language to clarify that this is intended to be an evergreen provision. The number of shares allowed to be purchased by the Company under the repurchase program is no longer capped at an amount equal to the aggregate number of shares of common stock (i) awarded pursuant to the Company’s Amended 2010 Restricted Stock Plan, (ii) contributed by the Company to its ESOP, and (iii) credited to the accounts of directors pursuant to the Deferred Compensation Plan for Non-Employee Directors. For the year ended September 30, 2019, $7,454,000 had been spent to purchase 515,972 shares. The shares are held in treasury and are accounted for using the cost method.