Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Cash, Cash Equivalents, and Investments

v3.21.1
Note 3 - Cash, Cash Equivalents, and Investments
6 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]
Note
3.
Cash, Cash Equivalents, and Investments
 
The Company invests its excess cash in bank certificates of deposit (“CDs”) that are fully insured by the Federal Deposit Insurance Corporation (“FDIC”) as well as money market accounts. CDs with original maturities of more than
three
months are reported as held-to-maturity investments and are recorded at amortized cost, which approximates fair value due to the negligible risk of changes in value due to interest rates.
The maturity dates of the Company's investments as of
March 31, 2021
and
September 30, 2020
are as follows:
 
   
March 31,
2021
 
September 30,
2020
Less than one year   $
9,957,831
    $
10,582,527
 
1-5 years    
25,565,000
     
25,143,000
 
Total   $
35,522,831
    $
35,725,527