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Investments

6 Months Ended

Mar. 31, 2020

Held To Maturity Securities Classified [Abstract]

Investments

NOTE 4. INVESTMENTS

The Company invests a portion of its excess cash balances in short-term and long-term debt securities.  Investments at March 31, 2020 consisted of corporate bonds with maturities remaining of less than or equal to 36 months.  The Company may also invest excess cash balances in certificates of deposits, money market accounts, government-sponsored enterprise securities, corporate bonds and/or commercial paper.  The Company accounts for its investments in accordance with FASB ASC 320, Investments – Debt and Equity Securities.  At March 31, 2020, all investments were classified as held-to-maturity securities.

The following tables summarize the Company’s short-term and long-term investments as of March 31, 2020, and September 30, 2019.

		As of March 31, 2020
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Commercial notes (due within one year)		$	50,959,058			$	264,194			$	(37,786)			$	51,185,466
Commercial notes (due within one through three years)		$	190,618,075			$	1,735,812			$	(1,481,115)			$	190,872,772
Total		$	241,577,133			$	2,000,006			$	(1,518,901)			$	242,058,238‬

		As of September 30, 2019
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Commercial notes (due within one year)		$	36,899,894			$	222,584			$	—			$	37,122,478
Commercial notes (due within one through three years)		$	44,175,993			$	875,258			$	—			$	45,051,251
Total		$	81,075,887			$	1,097,842			$	—			$	82,173,729

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

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