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Note 6 - Reportable Segments
 12 Months Ended
Sep. 30, 2021
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.

 

Additional details about each of the reportable segments and its corporate income and expenses is set forth below:

 

Overall Financial Results (000)

 

For the twelve months ended September 30

 
                                 
  

Reportable Segments

                 
  

Traditional

Business

  

Journal

Technologies

  

Corporate

  

Total

 
  

2021

  

2020

  

2021

  

2020

  

2021

  

2020

  

2021

  

2020

 

Revenues

                                

Advertising

 $7,635  $7,104  $---  $---  $---  $---  $7,635  $7,104 

Circulation

  4,576   5,090   ---   ---   ---   ---   4,576   5,090 

Advertising service fees and other

  2,684   2,501   ---   ---   ---   ---   2,684   2,501 

Licensing and maintenance fees

  ---   ---   21,044   21,647   ---   ---   21,044   21,647 

Consulting fees

  ---   ---   6,319   7,718   ---   ---   6,319   7,718 

Other public service fees

  ---   ---   7,131   5,882   ---   ---   7,131   5,882 

Total operating revenues

  14,895   14,695   34,494   35,247   ---   ---   49,389   49,942 

Operating expenses

                                

Salaries and employee benefits

  10,021   10,420   26,044   27,382   ---   ---   36,065   37,802 

Others

  4,431   4,787   6,741   8,636   ---   ---   11,172   13,423 

Total operating expenses

  14,452   15,207   32,785   36,018   ---   ---   47,237   51,225 

Income (loss) from operations

  443   (512)  1,709   (771)  ---   ---   2,152   (1,283)
                                 

Dividends and interest income

  ---   ---   ---   ---   2,908   4,965   2,908   4,965 

Other income

  ---   ---   ---   ---   69   3   69   3 

Interest expenses on note payable collateralized by real estate and other

  ---   ---   ---   ---   (94)  (119)  (94)  (119)

Interest expense on margin loans

  ---   ---   ---   ---   (233)  (434)  (233)  (434)

Gains on sales of marketable securities, net

  ---   ---   ---   ---   41,749   4,193   41,749   4,193 

Net unrealized gains (losses) on marketable securities

  ---   ---   ---   ---   106,499   (3,099)  106,499   (3,099)

Pretax income (loss)

  443   (512)  1,709   (771)  150,898   5,509   153,050   4,226 

Income tax (expense) benefit

  (115)  100   (425)  100   (39,610)  (385)  (40,150)  (185)

Net income (loss)

 $328  $(412) $1,284  $(671) $111,288  $5,124  $112,900  $4,041 

Total assets

 $22,412  $35,896  $20,480  $22,277  $347,685  $180,402  $390,577  $238,575 

Capital expenditures

 $22  $121  $7  $63   ---   ---  $29  $184 

 

During fiscal 2021 and 2020, the Traditional Business had total operating revenues of $14,895,000 and $14,695,000 of which $10,319,000 and $9,605,000, respectively, were recognized after services were provided while $4,576,000 and $5,090,000, respectively, were recognized ratably over the subscription terms. Total operating revenues for the Company’s software business were $34,494,000 and $35,247,000, of which $14,787,000 and $14,025,000, respectively, were recognized upon completion of services while $19,707,000 and $21,222,000, respectively, were recognized ratably over the subscription periods.