Investment Securities (Tables)

3 Months Ended

Sep. 30, 2023

Investment Securities [Abstract]

Schedule of Classifies Investment Securities as Available-for-Sale

The Company classifies investment securities as available-for-sale which have been determined to be level 1 assets. The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale debt securities by major security type at September 30, 2023 and June 30, 2023 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
September 30, 2023
Certificates of deposit	$	12,367,000	$	—	$	—		$	12,367,000
Municipal bonds	$	260,475	$	2,559	$	(8,226	)	$	254,808
U.S. Treasury Bills	$	440,604	$	2,343	$	(19	)	$	442,928
Total investment securities	$	13,068,079	$	4,902	$	(8,245	)	$	13,064,736
June 30, 2023
Certificates of deposit	$	11,280,000	$	—	$	—		$	11,280,000
Municipal bonds	$	260,475	$	165	$	(7,843	)	$	252,797
U.S. Treasury Bills	$	430,952	$	1,225	$	(301	)	$	431,876
Total investment securities	$	11,971,427	$	1,390	$	(8,144	)	$	11,964,673

Schedule of Contractual Maturities of Available-for-Sale Debt Securities

As of September 30, 2023 and June 30, 2023, the remaining contractual maturities of available-for-sale debt securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
September 30, 2023
Available-for-sale	$	13,000,737	$	63,999	$	13,064,736
June 30, 2023
Available-for-sale	$	11,711,876	$	252,797	$	11,964,673