INVESTMENT IN MARKETABLE SECURITIES

3 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

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 inure to its shareholders through income and/or capital gain.

At September 30, 2022 and June 30, 2022, 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
Investment	Cost		Unrealized Gain		Unrealized Loss			Unrealized Loss			Fair Value
As of September 30, 2022
Corporate Equities	$	10,829,000	$	1,519,000	$	(1,661,000	)	$	(142,000	)	$	10,687,000
As of June 30, 2022
Corporate Equities	$	11,150,000	$	1,474,000	$	(1,575,000	)	$	(101,000	)	$	11,049,000

Net gains (losses) on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of net losses on marketable securities for the three months ended September 30, 2022 and 2021, respectively:

For the three months ended September 30,	2022			2021
Realized (loss) gain on marketable securities, net	$	(800,000	)	$	2,393,000
Realized loss on marketable securities related to Comstock		-			(140,000	)
Unrealized loss on marketable securities, net		(10,000	)		(4,211,000	)
Unrealized loss on marketable securities related to Comstock		-			(210,000	)
Net loss on marketable securities	$	(810,000	)	$	(2,168,000	)