Note 2 - Investments

3 Months Ended

Sep. 29, 2013

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

2.  Investments

     The Company’s investments are categorized as available-for-sale. Short-term investments consist of certificates of deposits with maturities of generally three months to one year. Equity securities consist primarily of telecommunications stocks. Mutual funds consist of federal agency mortgage backed securities (Ginnie Mae). The fair value of the Company’s investments at September 29, 2013 and June 30, 2013 were as follows:

September 29, 2013 Description	Fair Value		Cost basis		Unrealized Gain
Short-term investments	$	1,448,882	$	1,448,882	$	-
Equity securities	$	5,120,924	$	1,140,656	$	3,980,268
Mutual funds	$	3,472,989	$	3,432,986	$	40,003

June 30, 2013 Description	Fair Value		Cost basis		Unrealized Gain
Short-term investments	$	949,815	$	949,815	$	-
Equity securities	$	5,046,557	$	888,998	$	4,157,559
Mutual funds	$	3,430,670	$	3,413,745	$	16,925

The fair values of the Company’s investments were determined as follows:

September 29, 2013 Description	Quoted Price for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Certificates of deposits	$	-	$	1,448,882	$	-
Equity securities		5,120,924		-		-
Mutual funds		3,472,989		-		-
Total	$	8,593,913	$	1,448,882	$	-

June 30, 2013 Description	Quoted Price for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Certificates of deposits	$	-	$	949,815	$	-
Equity securities		5,046,557		-		-
Mutual funds		3,430,670		-		-
Total	$	8,477,227	$	949,815	$	-

The stocks included in the portfolio as of September 29, 2013 were:

82,112	shares of AT&T
4,508	shares of Frontier Communications
475	shares of LSI
40,000	shares of Sprint
11,865	shares of Vodafone
2,520	shares of Manulife
4,398	shares of CenturyLink
412	shares of DexMedia
774	shares of NCR
28,784	shares of Verizon
4,079	shares of Windstream
774	shares of Teradata

The fair value of certificates of deposits is estimated using net present value techniques and comparing the values derived from those techniques to certificates with similar values.