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Securities Available for Sale at Fair Value (Tables)
6 Months Ended
Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Summary of Temporarily Impaired Securities

The following is a summary of the securities that the Company has determined to be temporarily impaired as of March 31, 2016:

 

    Less than 12 Months     12 Months or Longer  
          Unrealized           Unrealized  
Description of Securities     Fair Value       Losses       Fair Value       Losses  
Preferred stock   $ 982,300     $ (13,540 )   $ -0-     $ -0-  
Common stock     18,414,900       (163,312 )     996,993       (5,417 )
Total   $ 19,397,200     $ (176,852 )   $ 996,993     $ (5,417 )

Summary of Range of Losses

The following is a summary of the range of losses:

  

Number of

Individual

Securities

      Fair Value       Unrealized
Losses
      Range of Loss  
5     $ 20,394,193     $ (182,269 )   0-5 %