Other Investments, Net

3 Months Ended

Sep. 30, 2019

Other Investments [Abstract]

Other Investments, Net

NOTE 6 – OTHER INVESTMENTS, NET

The Company may also invest, with the approval of the securities investment committee and other Company guidelines, in private investment equity funds and other unlisted securities, such as convertible notes through private placements. Those investments in non-marketable securities are carried at cost on the Company’s balance sheet as part of other investments, net of other than temporary impairment losses. Other investments also include non-marketable warrants carried at fair value.

Other investments, net consist of the following:

Type	September 30, 2019		June 30, 2019
Private equity hedge fund, at cost	$	376,000	$	376,000
Other preferred stock, at cost		188,000		236,000
	$	564,000	$	612,000