v3.25.2
FAIR VALUE MEASUREMENT
 9 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT

NOTE 7 – FAIR VALUE MEASUREMENT

 

ASC Topic 820 “Fair Value Measurement” (“Topic 820”) defines fair value, establishes a market-based framework or hierarchy for measuring fair value, and expands disclosures about fair value measurements. Topic 820 is applicable whenever assets and liabilities are measured and included in the financial statements at fair value.

 

The following tables present the carrying amounts, estimated fair values, and valuation input levels of certain financial instruments:

 

   June 30, 2025 
   Carrying   Fair Value Measured Using   Fair 
(in thousands)  Amount   Level 1   Level 2   Level 3   Value 
Short-term investments                         
                          
Time deposits: 91 - 360 days  $100   $-   $100   $-   $100 
                          
Total Short-term investments  $100   $-   $100   $-   $100 

 

   September 30, 2024 
   Carrying   Fair Value Measured Using   Fair 
(in thousands)  Amount   Level 1   Level 2   Level 3   Value 
Short-term investments                         
                          
Time deposits: 91 - 360 days  $250   $-   $250   $-   $250 
                          
Total Short-term investments  $250   $-   $250   $-   $250 

 

The entire balance of time deposits maturing in 91 to 360 days at June 30, 2025, and September 30, 2024, are certificates of deposit issued by a bank at which total deposits exceed the FDIC limit of $250 thousand.