Note 3 - Accounting Standards Adopted in Fiscal 2019 and Recent Accounting Pronouncements	9 Months Ended
Jun. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3 - Accounting Standards Adopted in Fiscal 2019 and Recent Accounting Pronouncements Accounting Standards Adopted in Fiscal 2019 On October 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2016 - 01, Financial Instruments – Overall (Subtopic 825 - 10 ): Recognition and Measurement of Financial Assets and Financial Liabilities . This ASU requires an entity that holds financial assets or owes financial liabilities to, among other things, measure equity investments at fair value and recognize unrealized gains (losses) through net income (loss). Accordingly, the Company’s net loss of $12,692,000 for the nine months ended June 30, 2019, included net unrealized losses on investments of $16,929,000. For the prior year’s period, the Company recorded net unrealized gains for its available-for-sale marketable securities in “other comprehensive income”. In addition, ASU 2016 - 01 prohibited the restatement of prior year financial statements but required that the Company reclassify net after-tax unrealized gains on investments of $115,786,000 on adoption day from “accumulated other comprehensive income” to “retained earnings”, both of which are listed under the “Shareholders’ equity” section of the Company’s Consolidated Balance Sheets. This represented an increase to retained earnings and a decrease to accumulated other comprehensive income. Other Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016 - 02, Leases (Topic 842 ) . This update requires that all leases be recognized by lessees on the balance sheet through a right-of-use asset and corresponding lease liability, including today’s operating leases. This standard is required to be adopted for annual periods beginning after December 15, 2018, including interim periods within that annual period, which is the Company’s fiscal year 2020. The Company has finished assessing the evaluation of this ASU and concluded that it will have no significant impact on the Company’s financial condition, results of operations or disclosures. 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, 2018.

Note

- Accounting Standards Adopted in Fiscal

2019

and Recent Accounting Pronouncements

Accounting Standards Adopted in Fiscal

2019

October 1, 2018,

the Company adopted Accounting Standards Update (“ASU”)

No.

2016

01,

Financial Instruments – Overall (Subtopic

825

): Recognition and Measurement of Financial Assets and Financial Liabilities

. This ASU requires an entity that holds financial assets or owes financial liabilities to, among other things, measure equity investments at fair value and recognize unrealized gains (losses) through net income (loss). Accordingly, the Company’s net loss of

$12,692,000

for the

nine

months ended

June 30, 2019,

included net unrealized losses on investments of

$16,929,000.

For the prior year’s period, the Company recorded net unrealized gains for its available-for-sale marketable securities in “other comprehensive income”. In addition, ASU

2016

prohibited the restatement of prior year financial statements but required that the Company reclassify net after-tax unrealized gains on investments of

$115,786,000

on adoption day from “accumulated other comprehensive income” to “retained earnings”, both of which are listed under the “Shareholders’ equity” section of the Company’s Consolidated Balance Sheets. This represented an increase to retained earnings and a decrease to accumulated other comprehensive income.

Other Recent Accounting Pronouncements

February 2016,

the FASB issued ASU

2016

02,

Leases (Topic

842

)

. This update requires that all leases be recognized by lessees on the balance sheet through a right-of-use asset and corresponding lease liability, including today’s operating leases. This standard is required to be adopted for annual periods beginning after

December 15, 2018,

including interim periods within that annual period, which is the Company’s fiscal year

2020.

The Company has finished assessing the evaluation of this ASU and concluded that it will have

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

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, 2018.