4. Marketable Securities

12 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

At June 30, 2015, the Company had no Marketable Securities on hand. At June 30, 2014, the Company had Marketable Securities, which are classified as available for sale, in the amount of $560,100 representing the June 30, 2014 market value ($6.59 per share) of 85,000 ORBCOMM Common Shares (NASDAQ: ORBC) received as partial consideration in the May 2011 sale of StarTrak assets. During the fiscal year ended June 30, 2014, the Company settled the escrow and working capital obligations with ORBCOMM and all the shares previously held in escrow were released to the Company. The settlement is more fully discussed in Note 6 – Sale of StarTrak Systems, LLC.

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 recorded an unrealized loss on marketable securities sold during the twelve months ended June 30, 2015 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. All shares were sold as of December 31, 2014. At June 30, 2015 and 2014, the Accumulated Other Comprehensive Income of $0 and $121,200, respectively, net of tax of nil, was presented in the Shareholders’ Equity section of the Consolidated Balance Sheets.

During the fiscal year ended June 30, 2015, the Company sold a total of 85,000 shares of ORBCOMM, Inc. Common Stock for total proceeds of $542,100, and an average selling price of approximately $6.38 per share, resulting in realized gains totaling $103,200.

The following table summarizes the activities related to investment in Marketable Securities for the year ended June 30, 2015.

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,
March 31, 2015 and
June 30, 2015	-	$	-	$	-	$	-	$	-	$	-	$	-