Investment in Marketable Securities

12 Months Ended

Jun. 30, 2021

Investment In Marketable Securities

Investment in Marketable Securities

NOTE 6 - INVESTMENT IN MARKETABLE SECURITIES

The Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested in corporate bonds and income producing securities, which may include interests in real estate-based companies and REITs, where financial benefit could insure to its shareholders through income and/or capital gain.

At June 30, 2021 and 2020, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments are included in earnings. Trading securities are summarized as follows:

			Gross		Gross			Net			Fair
Investment	Cost		Unrealized Gain		Unrealized Loss			Unrealized Loss			Value
As of June 30, 2021
Corporate Equities	$	29,816,000	$	8,834,000	$	(2,658,000	)	$	(5,976,000	)	$	35,792,000
As of June 30, 2020
Corporate Equities	$	11,459,000	$	902,000	$	(6,186,000	)	$	(5,281,000	)	$	6 ,178,000

As of June 30, 2021 and 2020, approximately 4% and 11% of the investment marketable securities balance above is comprised of the common stock of Comstock Mining Inc. (“Comstock” – NYSE AMERICAN: LODE), respectively.

As of June 30, 2021 and 2020, the Company had $2,176,000 and $5,734,000, respectively, of unrealized losses related to securities held for over one year; of which $1,933,000 and $5,427,000 are related to its investment in Comstock, respectively.

Net loss on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the two components for the years ended June 30, 2021 and 2020, respectively.

For the year ended June 30,	2021			2020
Realized gain (loss) on marketable securities	$	2,746,000		$	(641,000	)
Realized loss on marketable securities related to Comstock		(1,870,000	)		-
Unrealized gain (loss) on marketable securities		7,372,000			(1,272,000	)
Unrealized gain on marketable securities related to Comstock		3,390,000			-
Net gain (loss) on marketable securities	$	11,638,000		$	(1,193,000	)