Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
|
Mar. 31, 2020 |
Sep. 30, 2019 |
| ASSETS |
|
|
|
| Cash and cash equivalents |
$ 8,982,000
|
$ 4,308,000
|
|
| Available for sale debt securities (at fair value) |
55,692,000
|
56,123,000
|
[1] |
| Investments in equity securities (at fair value) |
8,111,000
|
8,136,000
|
|
| Consumer receivables acquired for liquidation (at cost) |
1,193,000
|
1,668,000
|
|
| Investment in personal injury claims, net |
3,709,000
|
5,190,000
|
|
| Due from third party collection agencies and attorneys |
345,000
|
596,000
|
|
| Accounts receivable, net |
212,000
|
266,000
|
|
| Prepaid and income taxes receivable, net |
68,000
|
264,000
|
|
| Furniture and equipment, net of accumulated depreciation of $2.0 million at March 31, 2020 and $1.9 million at September 30, 2019 |
72,000
|
120,000
|
|
| Right of use assets |
454,000
|
|
|
| Equity method investment |
223,000
|
280,000
|
|
| Settlement receivable |
757,000
|
1,558,000
|
|
| Deferred income taxes |
9,383,000
|
9,631,000
|
|
| Goodwill |
1,410,000
|
1,410,000
|
|
| Other assets |
1,754,000
|
1,135,000
|
|
| Total assets |
92,365,000
|
90,685,000
|
|
| LIABILITIES |
|
|
|
| Accounts payable and accrued expenses |
1,499,000
|
994,000
|
|
| Right of use liability |
456,000
|
|
|
| Accrued Income Taxes, Total |
391,000
|
787,000
|
|
| Liabilities, Total |
2,346,000
|
1,781,000
|
|
| Commitments and contingencies |
|
|
|
| STOCKHOLDERS’ EQUITY |
|
|
|
| Preferred stock |
|
|
|
| Common stock, $.01 par value, authorized 30,000,000 shares; issued 13,459,708 at March 31, 2020 and September 30, 2019; and outstanding 6,567,765 at March 31, 2020 and September 30, 2019 |
135,000
|
135,000
|
|
| Additional paid-in capital |
68,558,000
|
68,558,000
|
|
| Retained earnings |
88,880,000
|
87,907,000
|
|
| Accumulated other comprehensive income, net of taxes |
418,000
|
276,000
|
|
| Treasury stock (at cost) 6,891,943 shares at March 31, 2020 and September 30, 2019 |
(67,972,000)
|
(67,972,000)
|
|
| Total stockholders’ equity |
90,019,000
|
88,904,000
|
|
| Total liabilities and stockholders’ equity |
92,365,000
|
90,685,000
|
|
| Series A Junior Participating Preferred Stock [Member] |
|
|
|
| STOCKHOLDERS’ EQUITY |
|
|
|
| Preferred stock |
|
|
|
|
|