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OTHER ASSETS (Tables)
3 Months Ended
Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
SCHEDULE OF OTHER ASSETS

 

   As of
September 30, 2023
   As of
June 30, 2023
 
Prepaid expenses  $949,064   $889,128 
Other current assets   24,498    15,025 
Total  $973,562   $904,153 
SCHEDULE OF AVAILABLE-FOR-SALE SECURITIES RECONCILIATION

All of the Company’s short-term investments are classified as Level 1 assets as of September 30, 2023 and June 30, 2023. Investments measured at estimated fair value consist of the following as of September 30, 2023 and June 30, 2023:

 

   September 30, 2023 
   Cost   Gross Unrealized Gains   Gross Unrealized Losses   Estimated Fair Value 
Money market funds  $3,427,983   $-   $-   $3,427,983 
Other short-term investments   283,883    -    (1,420)   282,463 
Short-term treasury bills   1,944,981    19,339    -    1,964,320 
Other equities – related parties   7,479,426    646,085    (538,494)   7,587,017 
Total short-term investments  $13,136,273   $665,424   $(539,914)  $13,261,783 

 

   June 30, 2023 
   Cost   Gross Unrealized Gains   Gross Unrealized Losses   Estimated Fair Value 
Money market funds  $3,402,472   $-   $-   $3,402,472 
Other short-term investments   280,401    -    (1,653)   278,748 
Short-term treasury bills   1,952,010    16,950    -    1,968,960 
Other equities – related parties   5,971,926    88,345    (229,470)   5,830,801 
Total short-term investments  $11,606,809   $105,295   $(231,123)  $11,480,981