Investment Securities (Tables)

12 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities

The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities by major security type at June 30, 2020 and 2019 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
2020
Certificates of deposit	$	4,679,847	$	—	$	—		$	4,679,847
Municipal bonds		462,618		1,243		(2,188	)		461,673
2020 Total investment securities	$	5,142,465	$	1,243	$	(2,188	)	$	5,141,520
2019
Certificates of deposit	$	5,046,627	$	—	$	—		$	5,046,627
Municipal bonds		636,269		1,576		(232	)		637,613
2019 Total investment securities	$	5,682,896	$	1,576	$	(232	)	$	5,684,240

Schedule of contractual maturities of available-for-sale securities

As of June 30, 2020 and 2019, the remaining contractual maturities of available-for-sale securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
2020
Available-for-sale	$	5,141,520	$	—	$	5,141,520
2019
Available-for-sale	$	5,549,460	$	134,780	$	5,684,240