Note 2 - Investments

6 Months Ended

Dec. 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 December 29, 2013 and June 30, 2013 were as follows:

December 29, 2013 Description	Fair Value		Cost basis		Unrealized Gain/(loss)
Short-term investments	$	1,450,048	$	1,450,048	$	-
Equity securities	$	5,202,446	$	1,140,656	$	4,061,790
Mutual funds	$	3,449,749	$	3,456,064	$	(6,315	)

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:

December 29, 2013 Description	Quoted Price for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Certificates of deposits	$	-	$	1,450,048	$	-
Equity securities		5,202,446		-		-
Mutual funds		3,449,749		-		-
Total	$	8,652,195	$	1,450,048	$	-

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 equity securities portfolio as of December 29, 2013 were:

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

      The Mutual fund included in the table above is Vanguard GNMA Admiral Shares #536 fund. The fair value of certificates of deposits is estimated using present value techniques and comparing the values derived from those techniques to certificates with similar values.