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Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Unrealized Gain (Loss) on Investments The following tables present the Company’s cash equivalents and marketable securities’ costs, gross unrealized gains and losses, and fair value by major security type recorded as cash equivalents or short-term or long-term marketable securities as of September 30, 2024 and 2023. Unrealized gains and losses from the remeasurement of marketable securities are recorded in accumulated other comprehensive loss until recognized in earnings upon the sale or maturity of the security.

 

 

September 30, 2024

 

 

Cost Basis

 

 

Unrealized
Gain

 

 

Unrealized
Loss

 

 

Fair Value

 

 

Cash
Equivalents

 

 

Short-term
Securities

 

 

Long-term
Securities

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

301

 

 

$

 

 

$

 

 

$

301

 

 

$

301

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

401

 

 

 

 

 

 

 

 

 

401

 

 

 

152

 

 

 

 

 

 

249

 

U.S. government agency bonds

 

 

2,591

 

 

 

3

 

 

 

 

 

 

2,594

 

 

 

 

 

 

2,594

 

 

 

 

Municipal securities

 

 

2,127

 

 

 

2

 

 

 

 

 

 

2,129

 

 

 

 

 

 

2,129

 

 

 

 

Corporate bonds

 

 

3,219

 

 

 

3

 

 

 

 

 

 

3,222

 

 

 

 

 

 

3,222

 

 

 

 

Subtotal

 

 

8,338

 

 

 

8

 

 

 

 

 

 

8,346

 

 

 

152

 

 

 

7,945

 

 

 

249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

8,639

 

 

$

8

 

 

$

 

 

$

8,647

 

 

$

453

 

 

$

7,945

 

 

$

249

 

 

 

September 30, 2023

 

 

Cost Basis

 

 

Unrealized
Gain

 

 

Unrealized
Loss

 

 

Fair Value

 

 

Cash
Equivalents

 

 

Short-term
Securities

 

 

Long-term
Securities

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

2,307

 

 

$

 

 

$

 

 

$

2,307

 

 

$

2,307

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

301

 

 

 

 

 

 

 

 

 

301

 

 

 

 

 

 

301

 

 

 

 

Municipal securities

 

 

926

 

 

 

 

 

 

(7

)

 

 

919

 

 

 

 

 

 

919

 

 

 

 

Corporate bonds

 

 

264

 

 

 

 

 

 

(3

)

 

 

261

 

 

 

 

 

 

261

 

 

 

 

Subtotal

 

 

1,491

 

 

 

 

 

 

(10

)

 

 

1,481

 

 

 

 

 

 

1,481

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

3,798

 

 

$

 

 

$

(10

)

 

$

3,788

 

 

$

2,307

 

 

$

1,481

 

 

$

 

Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value The following table summarizes the fair value and gross unrealized losses related to available-for-sale debt securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2023:

 

 

 

As of September 30, 2023

 

 

 

In loss position < 12 months

 

 

In loss position > 12 months

 

 

Total in loss position

 

 

 

Fair Value

 

 

Gross Unrealized Loss

 

 

Fair Value

 

 

Gross Unrealized Loss

 

 

Fair Value

 

 

Gross Unrealized Loss

 

Certificates of deposit

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

U.S. government agency bonds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal securities

 

 

684

 

 

 

(2

)

 

 

235

 

 

 

(5

)

 

 

919

 

 

 

(7

)

Corporate bonds

 

 

 

 

 

 

 

 

261

 

 

 

(3

)

 

 

261

 

 

 

(3

)

 

$

684

 

 

$

(2

)

 

$

496

 

 

$

(8

)

 

$

1,180

 

 

$

(10

)

Schedule of Business Combination, Fair Value Measurement of Acquired Intangible Assets

The following table presents nonfinancial assets that were subject to fair value measurement during the twelve months ended September 30, 2024. Certain intangible assets, operating lease ROU assets and goodwill are subject to foreign currency translation adjustments.

 

 

 

 

 

Fair Value Measurements at September 30, 2024

 

Carrying Value

 

Carrying Value

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Gain (Loss)

 

Intangible assets from Evertel acquisition

 

$

2,550

 

 

$

 

 

$

 

 

$

2,550

 

 

$

 

Goodwill from Evertel acquisition

 

$

2,923

 

 

$

 

 

$

 

 

$

2,923

 

 

$

 

 

 

 

 

Fair Value Measurements at September 30, 2023

 

Carrying Value

 

Carrying Value

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Gain (Loss)

 

Operating Lease ROU Asset

 

$

79

 

 

$

 

 

$

 

 

$

79

 

 

$

 

Schedule of Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

Balance as of acquisition date

 

$

890

 

Remeasurement adjustment

 

 

(16

)

Payment

 

 

(874

)

Balance as of September 30, 2024

 

$

 

Balance as of acquisition date

 

$

230

 

Accretion

 

 

20

 

Balance as of September 30, 2024

 

$

250