Investments in Debt and Equity Securities
|3 Months Ended|
Sep. 30, 2021
|Investments in Debt and Equity Securities [Abstract]|
|Investments in Debt and Equity Securities||
7. Investments in Debt and Equity Securities
Investments in debt securities consist of AA and A rated corporate bonds bearing interest at rates from 0.19% to 4.25% with maturities fromto . The components of investments in debt securities are as follows (in thousands):
The fair value of available-for-sale debt securities, by contractual maturity, as of September 30, 2021, was as follows (in thousands):
Amortization of premiums paid on the debt securities amounted to $102,000 and $0 for the three months ended September 30, 2021.
Equity Security – at cost
As discussed above, the Company acquired Series A-2 Preferred shares of RubrYc valued at $1,760,000. The Company classified the investment as noncurrent as it is management's intent not to sell the investment in the near term.
The entire disclosure for investments in certain debt and equity securities.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef