Investment in Fair Value (Tables)

12 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Schedule of cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities

The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities by major security type at June 30, 2014 and June 30, 2013 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
2014
Certificates of deposit	$	4,063,000	$	—	$	—		$	4,063,000
Municipal bonds		850,103		2,857		(5,067	)		847,893
2014 Total investment securities	$	4,913,103	$	2,857	$	(5,067	)	$	4,910,893
2013
Certificates of deposit	$	2,600,000	$	—	$	—		$	2,600,000
Municipal bonds		1,292,335		5,414		(4,780	)		1,292,968
2013 Total investment securities	$	3,892,335	$	5,414	$	(4,780	)	$	3,892,968

Schedule of contractual maturities of available-for-sale securities

As of June 30, 2014 and June 30, 2013, the contractual maturities of available-for-sale securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
2014
Available-for-sale	$	4,434,575	$	476,318	$	4,910,893
2013
Available-for-sale	$	2,077,769	$	1,815,199	$	3,892,968