INVESTMENT IN MARKETABLE SECURITIES

6 Months Ended

Dec. 31, 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 transfer to its shareholders through income and/or capital gain.

At December 31, 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, along with the changes in amounts due to broker are included in earnings. Trading securities are summarized as follows:

			Gross		Gross			Net			Fair
Investment	Cost		Unrealized Gain		Unrealized Loss			Unrealized Gain			Value
As of December 31, 2022
Corporate Equities	$	20,095,000	$	3,267,000	$	(1,273,000	)	$	1,994,000		$	22,089,000
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 gains (losses) on marketable securities for the three and six months ended December 31, 2022 and 2021, respectively:

For the three months ended December 31,	2022			2021
Realized loss on marketable securities, net	$	(722,000	)	$	(813,000	)
Realized loss on marketable securities related to Comstock		-			(2,441,000	)
Unrealized gain on marketable securities, net		2,106,000			693,000
Unrealized gain on marketable securities related to Comstock		-			210,000
Net gain (loss) on marketable securities	$	1,384,000		$	(2,351,000	)

For the six months ended December 31,	2022			2021
Realized (loss) gain on marketable securities, net	$	(1,522,000	)	$	1,580,000
Realized loss on marketable securities related to Comstock		-			(2,581,000	)
Unrealized gain (loss) on marketable securities, net		2,096,000			(3,518,000	)
Net gain (loss) on marketable securities	$	574,000		$	(4,519,000	)