Note 5 - New Accounting Pronouncements	9 Months Ended
Note 5 - New Accounting Pronouncements	Jun. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 5 – NEW ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU No. 2016 - 02, Leases (Topic 842 ). The standard requires all leases that have a term of over 12 months to be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset initially measured at the present value of amounts expected to be paid over the term. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the lease term. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard is effective for our interim and annual periods beginning on or after January1, 2019, and must be applied on a modified retrospective basis to leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We currently have a one -year warehouse lease which we consider an operating lease. The new standard will not have an impact on our financial statements as the current lease has a one -year term and therefore, the lease will continue to be recorded on a straight-line basis for the remaining lease term.

TX Holdings, Inc. 10-Q