Note 3 - Accounting Standards Adopted in Fiscal 2018 and Recent Accounting Pronouncements	3 Months Ended
Dec. 31, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3 - Accounting Standards Adopted in Fiscal 2018 and Recent Accounting Pronouncements Accounting Standards Adopted in Fiscal 201 8 In November 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015 - 17, Income Taxes (Topic 740 ): Balance Sheet Classification of Deferred Taxes . This update requires deferred tax liabilities and assets to be classified as noncurrent in the consolidated balance sheet. The Company has adopted this guidance effective October 1, 2017 and concluded that it has no significant impact on the Company’s financial condition, results of operations or disclosures because it is simply a reclassification of current deferred taxes to non-current deferred taxes with an itemization of federal and state deferred taxes. In May 2014, the FASB issued ASU No. 2014 - 09, Revenue from Contracts with Customers (ASC Topic 606 ) which requires that revenues be recognized in an amount reflecting the consideration an entity expects to receive in exchange for those goods or services when a customer obtains control of promised goods or services. The Company elected to adopt early the ASC Topic 606 effective October 1, 2017 using the modified retrospective method. The Company has concluded that the adoption of the ASC Topic 606 in fiscal 2018 has no significant impact on the Company’s financial condition or results of operations . The Company’s traditional publishing business revenue recognition related to advertising, circulation, and public fees remains unchanged. For the software business, the Company previously utilized the completed performance method of accounting, pursuant to which the Company did not recognize revenues for implementation services or licenses, maintenance, support and hosting services until after the services were performed and accepted by the customer (go-live), due to the fact that the customer’s acceptance was typically unpredictable and reliable estimates of the progress towards completion could not be made. Thus, the Company’s past revenue recognition policy was already in conformity with ASU Topic 606, which calls for revenue recognition at the point of delivery when a performance obligation is fulfilled. Consequently, the Company believes there are no required material retrospective or accumulated catch-up adjustments with respect to prior years’ financial figures, as revenues have been recognized consistently in the same manner throughout the comparative reporting periods. T he adoption of ASC 606 also requires the capitalization of certain costs of obtaining contracts , specifically sales commissions which are to be amortized over the expected term of the contracts. The Company incurs an immaterial amount of sales commission costs for its software contracts which have no significant impact on the Company’s financial condition and results of operations. In addition, the Company’s implementation and fulfillment costs do not meet all criteria required for capitalization. Other Recent Accounting Pronouncements The Company will continue to evaluate the other new accounting pronouncements as detailed in its Annual Report on Form 10 -K for the year ended September 30, 2017.

Note

Accounting Standards Adopted in Fiscal

2018

and Recent Accounting Pronouncements

Accounting Standards Adopted in Fiscal

201

November 2015,

the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU)

No.

2015

17,

Income Taxes (Topic

740

): Balance Sheet Classification of Deferred Taxes

. This update requires deferred tax liabilities and assets to be classified as noncurrent in the consolidated balance sheet. The Company has adopted this guidance effective

October 1, 2017

and concluded that it has

significant impact on the Company’s financial condition, results of operations or disclosures because it is simply a reclassification of current deferred taxes to non-current deferred taxes with an itemization of federal and state deferred taxes.

May 2014,

the FASB issued ASU

No.

2014

09,

Revenue from Contracts with Customers (ASC Topic

606

)

which requires that revenues be recognized in an amount reflecting the consideration an entity expects to receive in exchange for those goods or services when a customer obtains control of promised goods or services. The Company elected to adopt early the ASC Topic

606

effective

October 1, 2017

using the modified retrospective method.

The Company

has concluded that the adoption of the ASC Topic

606

in fiscal

2018

has

significant impact on the Company’s financial condition or results of operations

. The Company’s traditional publishing business revenue recognition related to advertising, circulation, and public fees remains unchanged. For the software business, the Company previously utilized the completed performance method of accounting, pursuant to which the Company did

not

recognize revenues for implementation services or licenses, maintenance, support and hosting services until after the services were performed and accepted by the customer (go-live), due to the fact that the customer’s acceptance was typically unpredictable and reliable estimates of the progress towards completion could

not

be made. Thus, the Company’s past revenue recognition policy was already in conformity with ASU Topic

606,

which calls for revenue recognition at the point of delivery when a performance obligation is fulfilled. Consequently, the Company believes there are

required material retrospective or accumulated catch-up adjustments with respect to prior years’ financial figures, as revenues have been recognized consistently in the same manner throughout the comparative reporting periods.

he adoption of ASC

606

also requires the capitalization of certain costs of obtaining contracts

, specifically sales commissions which are to be amortized over the expected term of the contracts. The Company incurs an immaterial amount of sales commission costs for its software contracts which have

significant impact on the Company’s financial condition and results of operations. In addition, the Company’s implementation and fulfillment costs do

not

meet all criteria required for capitalization.

Other Recent Accounting Pronouncements

The Company will continue to evaluate the other new accounting pronouncements as detailed in its Annual Report on Form

-K for the year ended

September 30, 2017.