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Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenue        
Revenues $ 12,356,000 $ 10,712,000 $ 24,033,000 $ 21,140,000
Costs and expenses        
Salaries and employee benefits 9,678,000 8,791,000 18,565,000 17,446,000
Outside services 1,154,000 1,244,000 2,014,000 2,402,000
Postage and delivery expenses 191,000 205,000 401,000 409,000
Newsprint and printing expenses 193,000 186,000 371,000 362,000
Depreciation and amortization 128,000 150,000 256,000 303,000
Equipment maintenance and software 504,000 410,000 826,000 753,000
Credit card merchant discount fees 388,000 375,000 770,000 645,000
Rent expenses 170,000 257,000 342,000 515,000
Accounting and legal fees 202,000 396,000 458,000 799,000
Other general and administrative expenses 846,000 1,369,000 2,646,000 2,698,000
Operating Expenses, Total 13,454,000 [1] 13,383,000 26,649,000 [1] 26,332,000
Loss from operations (1,098,000) (2,671,000) (2,616,000) (5,192,000)
Other income (expense)        
Dividends and interest income 1,297,000 1,141,000 2,977,000 2,671,000
Other income 9,000 3,000 19,000
Net unrealized (losses) gains on investments (77,211,000) 8,497,000 (57,680,000) (20,143,000)
(Loss) income before income taxes (77,186,000) 6,735,000 (57,696,000) (23,115,000)
Benefit from (provision for) income taxes 20,860,000 (1,717,000) 15,580,000 6,600,000
Net (loss) income $ (56,326,000) $ 5,018,000 $ (42,116,000) $ (16,515,000)
Weighted average number of common shares outstanding - basic and diluted (in shares) 1,380,746 1,380,746 1,380,746 1,380,746
Basic and diluted net (loss) income per share (in dollars per share) $ (40.79) $ 3.63 $ (30.50) $ (11.96)
Comprehensive (loss) income $ (56,326,000) $ 5,018,000 $ (42,116,000) $ (16,515,000)
Real Estate Bank Loan Secured by Logan Office [Member]        
Other income (expense)        
Interest expense on debt (21,000) (22,000) (43,000) (45,000)
Margin Account [Member]        
Other income (expense)        
Interest expense on debt (153,000) (219,000) (337,000) (425,000)
Advertising [Member]        
Revenue        
Revenues 1,992,000 2,108,000 4,118,000 4,300,000
Subscription and Circulation [Member]        
Revenue        
Revenues 1,286,000 1,273,000 2,598,000 2,611,000
Advertising Service Fees and Other [Member]        
Revenue        
Revenues 654,000 624,000 1,348,000 1,293,000
License and Maintenance [Member]        
Revenue        
Revenues 5,505,000 4,640,000 10,715,000 9,430,000
Consulting Fees [Member]        
Revenue        
Revenues 1,229,000 399,000 1,918,000 940,000
Service, Other [Member]        
Revenue        
Revenues $ 1,690,000 $ 1,668,000 $ 3,336,000 $ 2,566,000
[1] included goodwill impairment of $13,400,000