INVESTMENT IN MARKETABLE SECURITIES

6 Months Ended

Dec. 31, 2023

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, 2023 and June 30, 2023, 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:

Investment	Cost		Gross Unrealized Gain		Gross Unrealized Loss			Net Unrealized Gain		Fair Value
As of December 31, 2023
Corporate
Equities	$	16,635,000	$	3,339,000	$	(611,000	)	$	2,728,000	$	19,363,000
As of June 30, 2023
Corporate
Equities	$	15,419,000	$	3,713,000	$	(787,000	)	$	2,926,000	$	18,345,000

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, 2023 and 2022, respectively:

For the three months ended December 31,	2023		2022
Realized gain (loss) on marketable securities, net	$	1,471,000	$	(722,000	)
Unrealized gain on marketable securities, net		289,000		2,106,000
Net gain on marketable securities	$	1,760,000	$	1,384,000

For the six months ended December 31,	2023			2022
Realized gain (loss) on marketable securities, net	$	1,365,000		$	(1,522,000	)
Unrealized (loss) gain on marketable securities, net		(390,000	)		2,096,000
Net gain on marketable securities	$	975,000		$	574,000