Investment Securities (Tables)

12 Months Ended

Jun. 30, 2021

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, 2021 and June 30, 2020 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
2021
Certificates of deposit	$	3,092,000	$	—	$	—		$	3,092,000
Municipal bonds		—		—		—			—
2021 Total investment securities	$	3,092,000	$	—	$	—		$	3,092,000
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

Schedule of contractual maturities of available-for-sale securities

As of June 30, 2021 and 2020, the remaining contractual maturities of available-for-sale securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
2021
Available-for-sale	$	3,092,000	$	—	$	3,092,000
2020
Available-for-sale	$	5,141,520	$	—	$	5,141,520