v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Jun. 30, 2025
FAIR VALUE MEASUREMENTS [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents the Company’s assets that are measured at fair value on a recurring basis based on the three-level valuation hierarchy (in thousands):
 
        
Assets   June 30,
2025
     September 30,
2024
 
Level 1 Investment in Rubicon at fair value
$2,327    1,518 
Level 1 Investment in other marketable securities at fair value
 183    56 
Total Investment in marketable securities at fair value
 2,510    1,574 
The following table presents the Company’s liabilities that are measured at fair value on a recurring basis based on the three-level valuation hierarchy (in thousands):
 
        
Contingent earnout liabilities
  June 30,
2025
     September 30,
2024
 
Level 1 Contingent earnout liabilities
$1,162   $2,100 
Level 3 Contingent earnout liabilities
 1,379    1,281 
Total
$2,541   $3,381 
Changes in Fair Value of Investment in Rubicon Measured at Fair Value on Recurring Basis Utilizing Level 1 Assumptions
The following table sets forth a summary of the changes in the fair value of the Company’s investment in Rubicon, which is measured at fair value on a recurring basis utilizing Level 1 assumptions in its valuation (in thousands):
 
        
    June 30,
2025
     September 30,
2024
 
 
Balance beginning of period
$1,518   $1,573 
Fair value adjustment to Rubicon investment
 809    (55
Balance end of period
$2,327   $1,518 
Changes in Fair Value of Contingent Earnout Liabilities Measured at Fair Value on Recurring Basis Utilizing Level 1 and Level 3 Assumptions
The following table sets forth a summary of the changes in the fair value of the Company’s contingent earnout liabilities, which are measured at fair value on a recurring basis utilizing Level 1 and Level 3 assumptions in their valuation (in thousands):
 
        
    June 30,
2025
     September 30,
2024
 
Balance beginning of period
$3,381   $2,330 
Fair value of contingent consideration recorded in connection with business combinations
     1,017 
Earnout payment
 (1,078   (740
Fair value adjustment of contingent earnout liabilities
 238    774 
Balance end of period
$2,541   $3,381