Investment Securities (Tables)

3 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities

Investment securities at September 30, 2017 and June 30, 2017 consist of certificates of deposit and municipal bonds which are classified as available-for-sale securities and have been determined to be level 1 assets. The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities by major security type at September 30, 2017 and June 30, 2017 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
September 30, 2017
Certificates of deposit	$	10,411,000	$	—	$	—		$	10,411,000
Municipal bonds		878,137		404		(2,741	)		875,800
Total investment securities	$	11,289,137	$	404	$	(2,741	)	$	11,286,800
June 30, 2017
Certificates of deposit	$	8,557,000	$	—	$	—		$	8,557,000
Municipal bonds		871,872		258		(2,162	)		869,968
Total investment securities	$	9,428,872	$	258	$	(2,162	)	$	9,426,968

Schedule of Contractual Maturities

As of September 30, 2017 and June 30, 2017, the contractual maturities of available-for-sale securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
September 30, 2017
Available-for-sale	$	10,765,328	$	521,472	$	11,286,800
June 30, 2017
Available-for-sale	$	8,829,542	$	597,426	$	9,426,968