XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Note 4 - Debts and Commitments | 12 Months Ended
--- | ---
Sep. 30, 2018
Notes to Financial Statements |
Commitments Disclosure [Text Block] | 4. DEBTS AND COMMITMENTS During fiscal 2013, the Company borrowed from its investment margin account the aggregate purchase price of $29.5 million for two acquisitions, in each case pledging its marketable securities as collateral. The interest rate for these investment margin account borrowings fluctuates based on the Federal Funds Rate plus 50 basis points with interest only payable monthly. The interest rate as of September 30, 2018 was 2.50%. These investment margin account borrowings do not mature. In November 2015, the Company purchased a 30,700 square foot office building constructed in 1998 on about 3.6 acres in Logan, Utah that had been previously leased by Journal Technologies. The Company paid $1.24 million and financed the balance with a real estate bank loan of $2.26 million which bears a fixed interest rate of 4.66% and is repayable in equal monthly installments of about $17,600 through 2030. This loan is secured by the Logan facility and can be paid off at any time without prepayment penalty. This real estate loan had a balance of approximately $1.96 million as of September 30, 2018. The Company also owns its facilities in Los Angeles and leases space for its other offices under operating leases which expire at various dates through fiscal 2021. During fiscal 2014, the Company renewed its office lease for its San Francisco office for five years to end on October 31, 2019 with a current monthly rent of approximately $28,000 for about 6,200 square feet. Beginning in fiscal 2017, the Company leased approximately 9,800 square feet of office space (expiring in August 2020) in Englewood, Colorado, for a monthly rent of approximately $21,000. The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to the leased properties. Rental expenses for fiscal years 2018, 2017 and 2016 were $996,000, $742,000 and $745,000, respectively. The following table represents the Company’s future obligations:
|  | Payments due by Fiscal Year |
|  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 and after |  |  | Total |
Real estate loan |  | $ | 121,000 |  |  | $ | 126,000 |  |  | $ | 133,000 |  |  | $ | 139,000 |  |  | $ | 146,000 |  |  | $ | 1,291,000 |  |  | $ | 1,956,000 |
Obligations under operating leases |  |  | 848,000 |  |  |  | 331,000 |  |  |  | 19,000 |  |  |  | --- |  |  |  | --- |  |  |  | --- |  |  |  | 1,198,000 |
Long-term accrued liabilities* |  |  | --- |  |  |  | 20,000 |  |  |  | 6,000 |  |  |  | 4,000 |  |  |  | 12,000 |  |  |  | 128,000 |  |  |  | 170,000 |
|  | $ | 969,000 |  |  | $ | 477,000 |  |  | $ | 158,000 |  |  | $ | 143,000 |  |  | $ | 158,000 |  |  | $ | 1,419,000 |  |  | $ | 3,324,000 |
* The long-term accrued liabilities for the Management Incentive Plan are discounted to the present value using a discount rate of 6%.

X
- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
Name: | us-gaap_CommitmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration