Investment Securities (Tables)

6 Months Ended

Dec. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities

Investment securities at December 31, 2018 and June 30, 2018 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 December 31, 2018 and June 30, 2018 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
December 31, 2018
Certificates of deposit	$	5,198,627	$	—	$	—		$	5,198,627
Municipal bonds		591,713		252		(2,447	)		589,518
Total investment securities	$	5,790,340	$	252	$	(2,447	)	$	5,788,145
June 30, 2018
Certificates of deposit	$	10,440,000	$	—	$	—		$	10,440,000
Municipal bonds		1,085,754		635		(5,683	)		1,080,706
Total investment securities	$	11,525,754	$	635	$	(5,683	)	$	11,520,706

Schedule of Contractual Maturities

As of December 31, 2018 and June 30, 2018, the remaining contractual maturities of available-for-sale securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
December 31, 2018
Available-for-sale	$	5,496,025	$	292,120	$	5,788,145
June 30, 2018
Available-for-sale	$	10,967,300	$	553,406	$	11,520,706