Note 11 - Subsequent Events

6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

Note

11

- Subsequent Events

On

March 13, 2020,

the United States declared the outbreak of COVID-

19

to be a national emergency, and several states and municipalities have declared public health emergencies. Unprecedented actions have been taken by public health and governmental authorities to contain and combat the spread of COVID-

19,

including “stay-at-home” orders and similar mandates that restrict the daily activities of individuals and limit the operation of businesses that are deemed “non-essential.” In addition, most of Journal Technologies’ customers, which are primarily courts and governmental agencies in the United States and Canada, are either closed or have significantly scaled back their activities. Similarly, many law firms and companies from which the Traditional Business derives advertising and subscription revenues have also curtailed their operations and spending.

In light of this extraordinary and ongoing situation, on

April 30, 2020,

the Company made the difficult decision to reorganize its part-time and full-time workforce at both the Traditional Business and Journal Technologies, which included some layoffs and temporary furloughs.

Except for the personnel reorganization mentioned above, the Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that

no

subsequent events occurred that required recognition to the financial statements or disclosures in the Notes to Consolidated Financial Statements.