3. Marketable Securities

6 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

At December 31, 2014, the Company had sold all of its Marketable Securities previously held. At June 30, 2014, the Company had $560,100 representing the market value ($6.59 per share) of 85,000 ORBCOMM Common Shares (NASDAQ: ORBC) with an average cost basis of $5.16 per share.

The shares held are revalued at the end of each reporting period with per share market value fluctuations reported as Comprehensive Income (Loss) for the period. The Company did not record an unrealized loss on marketable securities held during the six months ended December 31, 2014 as all shares had been sold. The Company recorded an unrealized loss on marketable securities sold during the six months ended December 31, 2014 of ($18,000), plus an adjustment of ($103,200) for unrealized gains previously recorded related to securities sold during the period. The actual gain on securities sold is reported in the Statement of Operations. At December 31, 2014, all shares were sold and the Accumulated Other Comprehensive Income is zero andwas presented in the Shareholders’ Equity section of the Condensed Consolidated Balance Sheet.

The Company sold a total of 85,000 shares of ORBCOMM, Inc. Common Stock during the sixmonths ended December 31, 2014 for total proceeds of $542,200, and an average selling price of approximately $6.38 per share, resulting in a net gain of $103,200. The cost of the securities sold for purposes of computing the realized gain is based on the average cost of the securities.

The following table summarizes the activities related to investment in Marketable Securities for the six months ended December 31, 2014:

Marketable Securities
													Accumulated
	Net			Cost Basis					Market Value				Unrealized
	Shares			Per Share		Cost Basis			Per Share		Total Value		Gain		(Loss)
June 30, 2014		85,000		$	5.16	$	439,100		$	6.59	$	560,100	$	121,200	$	-
Shares sold		(45,000	)		5.16		(232,600	)
September 30, 2014		40,000		$	5.16	$	206,500		$	5.75	$	230,000	$	23,500	$	-
Shares sold		(40,000	)		5.16		(206,500	)
December 31, 2014		-		$	-	$	-		$	0	$	-	$	-	$	-