Investment in Fair Value (Tables)

9 Months Ended

Mar. 31, 2015

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

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
March 31, 2015
Certificates of deposit	$	3,380,000	$	—	$	—		$	3,380,000
Municipal bonds		870,279		2,152		(6,935	)		865,496
Total investment securities	$	4,250,279	$	2,152	$	(6,935	)	$	4,245,496
June 30, 2014
Certificates of deposit	$	4,063,000	$	—	$	—		$	4,063,000
Municipal bonds		850,103		2,857		(5,067	)		847,893
Total investment securities	$	4,913,103	$	2,857	$	(5,067	)	$	4,910,893

Schedule of contractual maturities of available-for-sale securities

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
March 31, 2015
Available-for-sale	$	3,755,176	$	490,320	$	4,245,496

June 30, 2014
Available-for-sale	$	4,434,575	$	476,318	$	4,910,893

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References+ Details