| Summary of Debt Securities |
The following is a summary of the Company’s debt securities as of December 31, 2022 and September 30, 2022 (in thousands):
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December 31, 2022 |
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(unaudited) |
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Amortized Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
| Corporate debt securities |
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$ |
2,611 |
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$ |
— |
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$ |
213 |
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$ |
2,398 |
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| U.S. government securities |
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2,492 |
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— |
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133 |
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2,359 |
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| Municipal government securities |
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1,149 |
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— |
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97 |
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1,052 |
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| Agency backed securities |
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1,005 |
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— |
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77 |
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928 |
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| Total |
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$ |
7,257 |
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$ |
— |
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$ |
520 |
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$ |
6,737 |
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September 30, 2022 |
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Amortized Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
| Corporate debt securities |
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$ |
2,797 |
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$ |
— |
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$ |
260 |
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$ |
2,537 |
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| U.S. government securities |
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2,622 |
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— |
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141 |
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2,481 |
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| Municipal government securities |
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1,151 |
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— |
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96 |
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|
1,055 |
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| Agency backed securities |
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862 |
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— |
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69 |
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|
793 |
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| Total |
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$ |
7,432 |
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$ |
— |
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$ |
566 |
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$ |
6,866 |
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The amortized cost and fair value of debt securities classified as available for sale by contractual maturity, as of December 31, 2022, are as follows (unaudited, in thousands):
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Amortized Cost |
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Fair Value |
| Due within one year |
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$ |
737 |
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$ |
726 |
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| Due after one year through three years |
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3,592 |
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3,380 |
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| Due after three years |
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2,928 |
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2,631 |
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| Total |
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$ |
7,257 |
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$ |
6,737 |
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