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Fair Value Measurements (Tables)
6 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements for Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes fair value measurements at March 31, 2020 and September 30, 2019 for assets and liabilities measured at fair value on a recurring basis:

March 31, 2020:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

256,650,727

 

 

$

 

 

$

 

 

$

256,650,727

 

Short-term investments

 

$

51,185,466

 

 

$

 

 

$

 

 

$

51,185,466

 

Long-term investments

 

$

190,872,772

 

 

$

 

 

$

 

 

$

190,872,772

 

Contingent consideration

 

$

 

 

$

 

 

$

 

 

$

 

 

September 30, 2019:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

221,804,128

 

 

$

 

 

$

 

 

$

221,804,128

 

Short-term investments

 

$

37,122,478

 

 

$

 

 

$

 

 

$

37,122,478

 

Long-term investments

 

$

45,051,251

 

 

$

 

 

$

 

 

$

45,051,251

 

Contingent consideration

 

$

 

 

$

 

 

$

 

 

$