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Fair Value Measurements (Tables)
6 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Summary of Securities Available for Sale at Fair Value

The fair value of these financial assets was determined using the following inputs at March 31, 2016 and September 30, 2015:

 

    Fair Value Measurements at Reporting Date Using  
    Total     Quoted Prices in Active Markets for Identical Assets
(Level 1)
      Significant Other Observable Inputs (Level 2)       Significant Unobservable Inputs
(Level 3)
 
As of March 31, 2016:                                
Equity Securities – Preferred Stock   $ 13,743,635     $ 13,743,635     $ -0-     $ -0-  
Equity Securities – Common Stock     54,897,272       54,897,272       -0-       -0-  
Mortgage Backed Securities     6,089       6,089       -0-       -0-  
Total Securities Available for Sale at Fair Value   $ 68,646,996     $ 68,646,996     $ -0-     $ -0-  
                                 
As of September 30, 2015:                                
Equity Securities – Preferred Stock   $ 14,961,994     $ 14,961,994     $ -0-     $ -0-  
Equity Securities – Common Stock     39,572,574       39,572,574       -0-       -0-  
Mortgage Backed Securities     6,669       6,669       -0-       -0-  
Total Securities Available for Sale at Fair Value   $ 54,541,237     $ 54,541,237     $ -0-     $ -0-