Other Comprehensive Income

9 Months Ended

Mar. 31, 2012

Other Comprehensive Income [Abstract]

Other Comprehensive Income

NOTE 11 — OTHER COMPREHENSIVE INCOME

Other comprehensive income (loss) components and related tax effects were as follows at March 31, 2012 and 2011:

	Three months ended March 31,						Nine months ended March 31,
	2012			2011			2012			2011
Unrealized holding gains (losses) on available for sale securities	$	248,995		$	(447,261	)	$	399,078		$	(1,864,472	)
Tax effect of holding gains and losses on available for sale securities		(4	)		(152,068	)		25,174			(633,919	)
Tax effect of deferred tax asset valuation allowance		—			150,000			—			633,000
Other comprehensive income (loss)		248,999			(445,193	)		373,904			(1,863,553	)
Net income (loss)		420,265			(2,793,535	)		(2,157,491	)		(7,121,876	)
Total comprehensive income (loss)	$	669,264		$	(3,238,728	)	$	(1,783,587	)	$	(8,985,429	)