Daily Journal Corp

operations and dividend income.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

operations and dividend income, and a tax provision of $ 0.2 million for the effect of a change in state apportionment on the beginning of the year s deferred tax liability.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

These tax liabilities were partially offset by a tax benefit of $ 0.3 million for the dividends received deduction and other permanent book and tax differences.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

The Company has not historically paid any cash dividends on its common stock and as a result does not reduce the grant-date fair value per share by the present value of dividends expected to be paid during the requisite service period for restricted stock units.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

In addition, there were subsequent borrowings of $ 45.5 million to purchase additional marketable securities in fiscal year 2023.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

The interest rate for these investment margin account borrowings fluctuates based on the Federal Funds Rate plus 50 basis points with interest only payable monthly.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

Journal Technologies delivered strong revenue growth in the second quarter, with total JTI revenue increasing 32% year over year, reflecting continued expansion of e-filing and public service fees, higher recurring license and maintenance revenues, and increased consulting activity, said Steven Myhill-Jones, Chairman of the Board and Chief Executive Officer of Daily Journal Corporation.

SEC original ↗Daily Journal Corp — Earnings release (8-K exhibit)EX-99May 14, 2026

The CODM focuses on consolidated net income (loss) from the condensed consolidated statements of comprehensive income (loss), comparing results with prior periods, forecasts, and relevant expenditure categories for each segment.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

Other general and administrative expenses increased by $4.4 million (104.0%) to $8.7 million from $4.3 million, primarily driven by a $1.5 million increase in accounting and legal fees, including higher accounting costs associated with efforts to remediate previously identified material weaknesses in internal control over financial reporting and higher legal and service provider expenses related to proxy solicitation and stockholder outreach activities, as well as a $0.4 million increase in costs related to the adoption and implementation of software and related process changes supporting the Company s modernization initiatives.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

The Company expects these costs to remain elevated in the near term as these initiatives continue.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements.

SEC original ↗Daily Journal Corp — Earnings release (8-K exhibit)EX-99May 14, 2026

Certain statements contained in this document, including but not limited to those in Management s Discussion and Analysis of Financial Condition and Results of Operations, are forward-looking statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

The Company accounts for uncertainty in income taxes under Accounting Standards Codification ( ASC ) 740 - 10 which prescribes a recognition threshold and measurement methodology to recognize and measure an income tax position taken, or expected to be taken, in a tax return.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

Commitments and Contingencies From time to time, the Company is subject to litigation arising in the normal course of its business.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026

While it is not possible to predict the results of such litigation, management does not believe the ultimate outcome of these matters will have a material adverse effect on the Company s financial position, results of operations or cash flows.

SEC original ↗Daily Journal Corp — 10-Q Quarterly report10-QAug 12, 2026