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Investment Under Cost Method
9 Months Ended
Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Investment Under Cost Method

NOTE 7 – INVESTMENT UNDER COST METHOD

 

On March 2, 2016, the Company purchased a 4.9% interest in a non-affiliated, non-public company for $555,556, which the Company accounted for under the cost method. The Company has determined that there is no change in the value of the investment at March 31, 2016.