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Fair Value Measurements (Tables)
6 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Financial Assets

The fair value of these financial assets was determined using the following inputs at March 31, 2018 and September 30, 2017:

 

    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, 2018:                                
Equity Securities – Preferred Stock   $ 7,585,530     $ 7,585,530     $ -0-     $ -0-  
Equity Securities – Common Stock     137,040,972       137,040,972       -0-       -0-  
Mortgage Backed Securities     3,924       3,924       -0-       -0-  
Total Securities Available for Sale at Fair Value   $ 144,630,426     $ 144,630,426     $ -0-     $ -0-  
                                 
As of September 30, 2017:                                
Equity Securities – Preferred Stock   $ 11,818,628     $ 11,818,628     $ -0-     $ -0-  
Equity Securities – Common Stock     111,941,806       111,941,806       -0-       -0-  
Mortgage Backed Securities     4,336       4,336       -0-       -0-  
Total Securities Available for Sale at Fair Value   $ 123,764,770     $ 123,764,770     $ -0-     $ -0-