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Investment Securities (Tables)
6 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities

Investment securities at December 31, 2021 and June 30, 2021 consist of certificates of deposit 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, 2021 and June 30, 2021 are as follows:

 

 

 

 

Gross

 

 

Gross

 

 

 

 

Amortized

Unrealized

Unrealized

Fair

Cost

Gains

Losses

Value

December 31, 2021

Certificates of deposit

 

$

3,057,000

$

$

$

3,057,000

 

June 30, 2021

Certificates of deposit

$

3,092,000

$

$

$

3,092,000

Schedule of Contractual Maturities

As of December 31, 2021 and June 30, 2021, 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, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

$

3,057,000

$

$

3,057,000

 

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

$

3,092,000

$

$

3,092,000