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4. Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2015
Investments, All Other Investments [Abstract]  
Fair Value Inputs
Assets:   Fair Value Measurements Using Inputs Considered as
 

Fair Value at

June 30, 2015

 

Level 1

 

Level 2

 

Level 3

         
Cash and cash equivalents $ 482,000 $ 482,000 $         - $         -
Restricted cash 300,000 300,000            -            -
Available for sale securities 281,800 281,800            -            -
         
Total $ 1,063,800 $ 1,063,800 $         - $         -
         
Liabilities:        
         
Contingent consideration $ 367,100 $         - $         - $ 367,100

 

Assets:   Fair Value Measurements Using Inputs Considered as
 

Fair Value at

June 30, 2014

 

Level 1

 

Level 2

 

Level 3

         
Cash and cash equivalents $ 493,700 $ 493,700 $         - $         -
Available for sale securities 415,400 415,400            -            -
         
Total $ 909,100 $ 909,100 $         - $         -
         
Liabilities:        
         
Contingent consideration $ 500,000 $         - $         - $ 500,000

 

Investments in Marketable Securitites
 

 

 

Cost

 

 

Fair Value

Unrealized Holding Gain

(Loss)

At June 30, 2015:      
Available for sale:      
Equity securities $ 29,300 $ 35,800 $ 6,500
Mutual funds 255,800 246,000 (9,800)
       
  $ 285,100 $ 281,800 $ (3,300)

 

 

 

 

Cost

 

 

Fair Value

Unrealized Holding Gain

(Loss)

At June 30, 2014:      
Available for sale:      
Equity securities $ 29,300 $ 38,500 $ 9,200
Mutual funds 385,000 376,900 (8,100)
       
  $ 414,300 $ 415,400 $ 1,100