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Note 3 - Accounting Standards Adopted in Fiscal 2016 and Recent Accounting Pronouncements
 6 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]
Note 3 -
Recent Accounting Pronouncements
 
 
 
In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2016-02,
Leases (Topic 842)
. This update requires that all leases be recognized by lessees on the balance sheet through a right-of-use asset and corresponding lease liability, including today’s operating leases. This standard is required to be adopted for annual periods beginning after December 15, 2018, including interim periods within that annual period, which is the Company’s fiscal year 2020. The Company has not yet evaluated what impact, if any, the adoption of this guidance may have on its financial condition, results of operations or disclosures.
 
In addition, the Company will evaluate other new accounting pronouncements as detailed in its Annual Report on Form 10-K for the year ended September 30, 2015.