Note 1 - Basis of Presentation |
6 Months Ended |
|---|---|
Mar. 31, 2018 | |
| Notes to Financial Statements | |
| Basis of Accounting [Text Block] |
Note 1. Basis of PresentationThe accompanying (a) condensed balance sheet as of Operating results for the interim periods presented are September 30, 2017, which has been derived from audited financial statements, and (b) unaudited interim condensed financial statements as of and for the three and six months ended March 31, 2018 have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America for interim financial information, pursuant to the rules and regulations of the Securities and Exchange Commission. Pursuant to these rules and regulations, certain financial information and footnote disclosures normally included in the financial statements have been condensed or omitted. However, in the opinion of management, the financial statements include all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the financial position and results of operations and cash flows of the interim periods presented. not necessarily indicative of results to be expected for the full year or for any other interim period, due to variability in customer purchasing patterns and seasonal, operating and other factors. These condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form
10 -K for the year ended September 30, 2017.
In preparation of the Company’s financial statements, management is required to make estimates and assumptions that affect reported amounts of assets and liabilities and related revenues and expenses during the reporting periods. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Certain comparative figures have been reclassified to conform to the current period's presentation. These reclassifications did
not affect the prior periods' net income, shareholders’ equity, or cash flows. |