FAIR VALUE MEASUREMENTS

3 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 7 - FAIR VALUE MEASUREMENTS

The carrying values of the Company’s financial instruments not required to be carried at fair value on a recurring basis approximate fair value due to their short maturities (i.e., accounts receivable, other assets, accounts payable and other liabilities, due to securities broker and obligations for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable).

The assets and liabilities measured at fair value on a recurring basis are as follows:

	September 30, 2022		June 30, 2022
As of	Total - Level 1		Total - Level 1
Assets:
Investment in marketable securities:
REITs and real estate companies	$	4,315,000	$	3,289,000
Basic material		1,301,000		769,000
Technology		1,081,000		815,000
Financial services		1,045,000		1,755,000
Communication services		948,000		2,787,000
Consumer cyclical		592,000		693,000
Energy		483,000		279,000
Industrials		22,000		385,000
Other		900,000		277,000
Total	$	10,687,000	$	11,049,000

The fair values of investments in marketable securities are determined by the most recently traded price of each security at the balance sheet date.