7.   Investments in Debt and Equity Securities

Debt Securities

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Investments in debt securities consist of AA and A rated corporate bonds bearing interest at rates from 0.22% to 3.5% with maturities from January 2022 to November 2023. The components of investments in debt securities are as follows (in thousands):

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The fair value of available-for-sale debt securities, by contractual maturity, as of September 30, 2021, was as follows (in thousands):

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Amortization of premiums paid on the debt securities amounted to $93,000 and $195,000 for the three and six months ended December 31, 2021, respectively.

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Equity Security – at cost

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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.