Fair Value of Financial Instruments and Investments (Tables)

9 Months Ended

Mar. 31, 2016

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
March 31, 2016
Certificates of deposit	$	4,663,000	$	—	$	—		$	4,663,000
Municipal bonds		728,816		1,300		—			730,116
Total investment securities	$	5,391,816	$	1,300	$	—		$	5,393,116
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
March 31, 2016
Available-for-sale	$	5,043,116	$	350,000	$	5,393,116
June 30, 2015
Available-for-sale	$	3,522,728	$	636,329	$	4,159,057