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EXCEL - IDEA: XBRL DOCUMENT - DAILY JOURNAL CORPFinancial_Report.xls
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v2.4.0.6
Note 4 - Commitments
12 Months Ended
Sep. 30, 2012
Commitments Disclosure [Text Block]
4.   COMMITMENTS

The Company owns its facilities in Los Angeles and leases space for its other offices under operating leases which expire at various dates through 2015.  The Logan, Utah office operating lease entered into in December 2012 in connection with the New Dawn acquisition requires a monthly rent of $41,500 and will expire in 2015, subject to certain extension options.  Part of this is sub-leased for a short-term at about $5,000 per month.  The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to certain leased property.  Rental expenses for the fiscal years 2012 and 2011 were $455,000 and $631,000, respectively.

Company’s future obligations under its operating leases as of September 30, 2012
   
2013
   
2014
   
2015
and after
   
Total
 
Obligations under operating leases
  $ 410,000     $ 289,000     $ 17,000     $ 716,000