Investment Securities (Tables)

9 Months Ended

Mar. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities

Investment securities at March 31, 2018 and June 30, 2017 consist of certificates of deposit and government 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 March 31, 2018 and June 30, 2017 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
March 31, 2018
Certificates of deposit	$	10,439,000	$	—	$	—		$	10,439,000
Municipal bonds		968,749		603		(5,958	)		963,394
Total investment securities	$	11,407,749	$	603	$	(5,958	)	$	11,402,394
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 March 31, 2018 and June 30, 2017, the remaining contractual maturities of available-for-sale securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
March 31, 2018
Available-for-sale	$	10,528,099	$	874,295	$	11,402,394
June 30, 2017
Available-for-sale	$	8,829,542	$	597,426	$	9,426,968