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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2024
Mar. 31, 2023
Sep. 30, 2023
Cash flows from operating activities                
Net income   $ 15,415,000 $ 12,615,000 $ 9,433,000 $ 17,827,000 $ 28,030,000 $ 27,260,000  
Adjustments to reconcile net income to net cash (used in) provided from operations                
Depreciation and amortization           133,000 145,000  
Net unrealized gains on marketable securities   (5,503,000)   (8,644,000)   (20,193,000) (32,669,000) $ (32,669,000)
Realized gains on sales of marketable securities   (14,261,000)   0   (14,261,000) (422,000)  
Stock dividends           0 (2,978,000)  
Deferred income taxes           5,047,000 9,614,000  
Accounts receivable, net           3,063,000 3,416,000  
Inventories           8,000 (42,000)  
Prepaid expenses and other assets           (108,000) 25,000  
Income tax receivable           0 269,000  
Accounts payable           (573,000) (643,000)  
Accrued liabilities, including non-qualified deferred compensation           (3,279,000) (2,998,000)  
Income tax payable           1,481,000 0  
Net cash (used in) provided from operating activities           (4,813,000) 1,730,000  
Cash flows from investing activities                
Proceeds from sales of marketable securities $ 40,579,000         40,579,000 2,826,000  
Purchases of marketable securities             (10,001,000)  
Purchases of property, plant and equipment   (18,000)   (38,000)   (23,000) (74,000)  
Net cash used in investing activities           40,556,000 (7,249,000)  
Cash flows from financing activities                
Proceeds from margin loan borrowing             6,011,000  
Payment to margin loan borrowing       (11,000)   (45,579,000) (11,000)  
Payment of real estate loan principal           (79,000) (77,000)  
Net cash (used in) provided from financing activities           (45,658,000) 5,923,000  
(Decrease) increase in cash and restricted cash and cash equivalents           (9,915,000) 404,000  
Cash and restricted cash and cash equivalents                
Beginning of period     $ 23,138,000   $ 15,468,000 23,138,000 15,468,000 15,468,000
End of period $ 13,223,000 $ 13,223,000   $ 15,872,000   13,223,000 15,872,000 $ 23,138,000
Interest paid during period           2,198,000 1,869,000  
Net income taxes paid           1,802,000 52,000  
Subscription and Circulation [Member]                
Adjustments to reconcile net income to net cash (used in) provided from operations                
Deferred subscriptions           (116,000) (127,000)  
Professional Fees [Member]                
Adjustments to reconcile net income to net cash (used in) provided from operations                
Deferred consulting fees           (1,600,000) 1,627,000  
License and Maintenance [Member]                
Adjustments to reconcile net income to net cash (used in) provided from operations                
Deferred consulting fees           $ (2,445,000) $ (747,000)