Marketable Securities and Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Company's Marketable Securities Measured at Fair Value

The following table sets forth, by level, within the fair value hierarchy, the Company’s marketable securities measured at fair value as of March 31, 2024:

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Exchange-Traded Funds	$	3,560,000	$	—	$	—	$	3,560,000
Corporate Bonds		—		30,302,000		—		30,302,000
Government Securities		52,848,000		—		—		52,848,000
Cash and Money Funds		184,000		—		—		184,000
Total	$	56,592,000	$	30,302,000	$	—	$	86,894,000

The following table sets forth by level, within the fair value hierarchy, the Company’s assets measured at fair value as of September 30, 2023:

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Exchange-Traded Funds	$	3,327,000	$	—	$	—	$	3,327,000
Corporate Bonds		—		33,160,000		—		33,160,000
Government Securities		47,672,000		—		—		47,672,000
Cash and Money Funds		93,000		—		—		93,000
Total	$	51,092,000	$	33,160,000	$	—	$	84,252,000