Note 3 - Short-term Investments

9 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

3. Short-term Investments

The Company classifies its short-term investments as available-for-sale securities. Available-for-sale securities are carried at fair market value with net unrealized gains and losses reported as a component of accumulated other comprehensive income (loss) in stockholders’ equity. 

The Company’s short-term investments were composed of the following (in thousands):

	As of June 30, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate bonds	$	1,998	$	—	$	(1	)	$	1,997

	As of September 30, 2024
	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Short-term investments:
Corporate bonds	$	21,814	$	35	$	—	$	21,849
U.S. treasury securities and securities of U.S. government-sponsored agency		8,356		22		—		8,378
Total	$	30,170	$	57	$	—	$	30,227

The Company had no securities in a material unrealized loss position at  June 30, 2025 and  September 30, 2024 and does not believe the unrealized losses associated with these securities represent credit losses based on the evaluation of evidence, which includes an assessment of whether it is more likely than not it will be required to sell or intend to sell the investment before recovery of the investments amortized cost basis. During the three and nine months ended June 30, 2025, a loss of ($1,000) and gain of $9,000, respectively, was realized from the sale of short-term investments. No gains or losses were recognized during the three and nine months ended June 30, 2024 from the sale of short-term investments.