Short-term Investments

3 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Short-term Investments

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 loss in stockholders’ equity. No gains or losses were realized during the three months ended December 31, 2022 from the sale of short-term investments. For the three months ended December 31, 2021, the Company realized losses of $7,000 from the sale of short-term investments.

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

	As of December 31, 2022 (in thousands)
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate bonds	$	904	$	—	$	(8	)	$	896

	As of September 30, 2022 (in thousands)
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate bonds	$	909	$	—	$	(15	)	$	894

The Company’s short-term investments at December 31, 2022 had contractual maturities ranging from February 2023 to March 2023.