Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Cash, Cash Equivalents and Investments

v3.19.1
Note 3 - Cash, Cash Equivalents and Investments
6 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]
Note
3.
Cash, Cash Equivalents and Investments
 
The Company currently invests its excess cash in money market accounts, treasury securities, and bank certificates of deposit (CDs) with a term of
not
more than
five
years. CDs with original maturities of more than
three
months are reported as held-to-maturity investments
and are carried at amortized cost. Investments maturing in less than
one
year are classified as short term investments on the balance sheet, and investments maturing in
one
year or greater are classified as long term investments on the balance sheet.
 
The maturity dates of the Company’s treasury securities and CDs as of
March 31, 2019
and
September 30, 2018
are as follows:
 
   
March 31,
2019
   
September 30,
2018
 
Less than one year   $
17,048,473
    $
8,930,225
 
1-5 years    
18,574,000
     
17,974,000
 
Total   $
35,622,473
    $
26,904,225