Fair Value of Financial Instruments and Investments (Tables)

6 Months Ended

Dec. 31, 2015

Fair Value of Financial Instruments and Investments [Abstract]

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
December 31, 2015
Certificates of deposit	$	4,405,000	$	—	$	—		$	4,405,000
Municipal bonds		824,772		1,198		(6,600	)		819,370
Total investment securities	$	5,229,772	$	1,198	$	(6,600	)	$	5,224,370

June 30, 2015
Certificates of deposit	$	3,272,000	$	—	$	—		$	3,272,000
Municipal bonds		893,804		1,288		(8,035	)		887,057
Total investment securities	$	4,165,804	$	1,288	$	(8,035	)	$	4,159,057

Schedule of contractual maturities of available-for-sale securities

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
December 31, 2015
Available-for-sale	$	4,979,370	$	245,000	$	5,224,370

June 30, 2015
Available-for-sale	$	3,522,728	$	636,329	$	4,159,057

- 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