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Note 6 - Reportable Segments | 12 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 6. REPORTABLE SEGMENTS An operating segment is defined as a component of an enterprise which has discrete financial information that is evaluated regularly by the Company’s Chief Executive Officer to decide how to allocate resources and to access performance. In accordance with ASC 280-10, Segment Reporting, the Company has two segments of business. The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. All inter-segment transactions were eliminated. Summarized financial information concerning the Company’s reportable segments and Corporate income and expenses is shown in the following table. The Company’s Traditional Business is one reportable segment and the other is Journal Technologies. Additional details about each of the reportable segments and its corporate income and expenses is set forth below:
|  | Reportable Segments |  |  |  |  |  |  |  |  |
|  | Traditional Business |  |  | Journal Technologies |  |  | Corporate |  |  | Total |
Fiscal 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  | $ | 7,104,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,104,000 |
Circulation |  |  | 5,090,000 |  |  |  | — |  |  |  | — |  |  |  | 5,090,000 |
Advertising service fees and other |  |  | 2,501,000 |  |  |  | — |  |  |  | — |  |  |  | 2,501,000 |
Licensing and maintenance fees |  |  | — |  |  |  | 21,647,000 |  |  |  | — |  |  |  | 21,647,000 |
Consulting fees |  |  | — |  |  |  | 7,718,000 |  |  |  | — |  |  |  | 7,718,000 |
Other public service fees |  |  | — |  |  |  | 5,882,000 |  |  |  | — |  |  |  | 5,882,000 |
Operating expenses |  |  | 16,425,000 |  |  |  | 34,800,000 |  |  |  | — |  |  |  | 51,225,000 |
Income (loss) from operations |  |  | (1,730,000 | ) |  |  | 447,000 |  |  |  | — |  |  |  | (1,283,000 | )
Dividends and interest income |  |  | — |  |  |  | — |  |  |  | 4,965,000 |  |  |  | 4,965,000 |
Other income |  |  | — |  |  |  | — |  |  |  | 3,000 |  |  |  | 3,000 |
Net unrealized losses on investments |  |  | — |  |  |  | — |  |  |  | (3,099,000 | ) |  |  | (3,099,000 | )
Interest expenses on note payable collateralized by real estate |  |  | (84,000 | ) |  |  | — |  |  |  | (35,000 | ) |  |  | (119,000 | )
Interest expenses on margin loans |  |  | — |  |  |  | — |  |  |  | (434,000 | ) |  |  | (434,000 | )
Gains on sales of marketable securities, net |  |  | — |  |  |  | — |  |  |  | 4,193,000 |  |  |  | 4,193,000 |
Pretax income |  |  | (1,814,000 | ) |  |  | 447,000 |  |  |  | 5,593,000 |  |  |  | 4,226,000 |
Income tax expense |  |  | 685,000 |  |  |  | 100,000 |  |  |  | (970,000 | ) |  |  | (185,000 | )
Net loss |  |  | (1,129,000 | ) |  |  | 547,000 |  |  |  | 4,623,000 |  |  |  | 4,041,000 |
Total assets |  |  | 35,896,000 |  |  |  | 22,277,000 |  |  |  | 180,402,000 |  |  |  | 238,575,000 |
Capital expenditures |  |  | 121,000 |  |  |  | 63,000 |  |  |  | — |  |  |  | 184,000 |
|  | Reportable Segments |  |  |  |  |  |  |  |  |
|  | Traditional Business |  |  | Journal Technologies |  |  | Corporate |  |  | Total |
Fiscal 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  | $ | 9,132,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,132,000 |
Circulation |  |  | 5,249,000 |  |  |  | — |  |  |  | — |  |  |  | 5,249,000 |
Advertising service fees and other |  |  | 2,712,000 |  |  |  | — |  |  |  | — |  |  |  | 2,712,000 |
Licensing and maintenance fees |  |  | — |  |  |  | 20,179,000 |  |  |  | — |  |  |  | 20,179,000 |
Consulting fees |  |  | — |  |  |  | 5,539,000 |  |  |  | — |  |  |  | 5,539,000 |
Other public service fees |  |  | — |  |  |  | 5,844,000 |  |  |  | — |  |  |  | 5,844,000 |
Operating expenses |  |  | 16,981,000 |  |  |  | 49,898,000* |  |  |  | — |  |  |  | 66,879,000 | *
Income (loss) from operations |  |  | 112,000 |  |  |  | (18,336,000 | ) |  |  | — |  |  |  | (18,224,000 | )
Dividends and interest income |  |  | — |  |  |  | — |  |  |  | 5,380,000 |  |  |  | 5,380,000 |
Other income |  |  | — |  |  |  | — |  |  |  | 38,000 |  |  |  | 38,000 |
Net unrealized losses on investments |  |  | — |  |  |  | — |  |  |  | (17,715,000 | ) |  |  | (17,715,000 | )
Interest expenses on note payable collateralized by real estate |  |  | (93,000 | ) |  |  | — |  |  |  | — |  |  |  | (93,000 | )
Interest expenses on margin loans |  |  | — |  |  |  | — |  |  |  | (862,000 | ) |  |  | (862,000 | )
Pretax income |  |  | 19,000 |  |  |  | (18,336,000 | ) |  |  | (13,159,000 | ) |  |  | (31,476,000 | )
Income tax expense |  |  | (5,000 | ) |  |  | 2,450,000 |  |  |  | 3,815,000 |  |  |  | 6,260,000 |
Net loss |  |  | 14,000 |  |  |  | (15,886,000 | ) |  |  | (9,344,000 | ) |  |  | (25,216,000 | )
Total assets |  |  | 17,176,000 |  |  |  | 22,741,000 |  |  |  | 197,459,000 |  |  |  | 237,376,000 |
Capital expenditures |  |  | 132,000 |  |  |  | 33,000 |  |  |  | — |  |  |  | 165,000 |
* included goodwill impairment of $13,400,000 During fiscal 2020 and 2019, the Traditional Business had total operating revenues of $14,695,000 and $17,093,000 of which $9,605,000 and $11,844,000, respectively, were recognized after services were provided while $5,090,000 and $5,249,000, respectively, were recognized ratably over the subscription terms. Total operating revenues for the Company’s software business were $35,247,000 and $31,562,000, of which $14,025,000 and $12,353,000, respectively, were recognized upon completion of services while $21,222,000 and $19,209,000, respectively, were recognized ratably over the subscription periods.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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