Note 4 - Fair Value of Financial Instruments

9 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Fair Value Disclosures [Text Block]

4. Fair Value of Financial Instruments

The Company’s financial instruments generally include cash and cash equivalents, short-term investments, trade accounts and notes receivable and accounts payable. Due to the short-term maturities of cash and cash equivalents, trade accounts and notes receivable and accounts payable, the carrying amounts of these financial instruments are deemed to approximate their fair value on the respective balance sheet dates.   The Company measures its short-term investments at fair value on a recurring basis.

The following tables present the fair value of the Company’s short-term investments by valuation hierarchy and input (in thousands):

	As of June 30, 2024
	(Level 1)		(Level 2)		(Level 3)		Totals
Short-term investments:
Corporate bonds	$	—	$	21,634	$	—	$	21,634
U.S. treasury securities and securities of U.S. government-sponsored agency				8,555				8,555
Total assets	$	—	$	30,189	$	—	$	30,189

	As of September 30, 2023
	(Level 1)		(Level 2)		(Level 3)		Totals
Short-term investments:
Corporate bonds	$	—	$	11,295	$	—	$	11,295
U.S. treasury securities and securities of U.S. government-sponsored agency		—		3,626		—		3,626
Total assets	$	—	$	14,921	$	—	$	14,921