Note 2 - Investments

3 Months Ended

Sep. 27, 2020

Notes to Financial Statements

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

2.

     Investments

The Company's investments are categorized as current assets. Short-term investments consist of certificates of deposits and treasury bills with maturities of generally

three

months to

one

year. Equity securities consist primarily of telecommunications stocks and a mutual fund that invests in federal agency mortgage backed securities (Ginnie Mae). The fair value of the Company's investments at

September 27, 2020

and

June 28, 2020

were as follows:

September 2 7 , 20 20 Description	Fair Value		Cost basis		Unrealized Gain (Loss)
Short-term investments	$	134,224	$	134,224	$	-
Equity securities	$	4,853,973	$	1,279,914	$	3,574,059
Mutual funds	$	490,321	$	477,029	$	13,292

Ju ne 28 , 20 20 Description	Fair Value		Cost basis		Unrealized Gain
Short-term investments	$	134,202	$	134,202	$	-
Equity securities	$	4,725,470	$	1,279,914	$	3,445,556
Mutual funds	$	490,748	$	475,179	$	15,569

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

September 2 7 , 20 20 Description	Quoted Price for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Certificates of deposits and Treasury Bills	$	-	$	134,224	$	-
Equity securities		4,853,973		-		-
Mutual funds		490,321		-		-
Total	$	5,344,294	$	134,224	$	-

Ju ne 28 , 20 20 Description	Quoted Price for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Certificates of deposits	$	-	$	134,202	$	-
Equity securities		4,725,470		-		-
Mutual funds		490,748		-		-
Total	$	5,216,218	$	134,202	$	-

The equity securities portfolio includes the following stocks:

AT&T shares	82,112
Manulife shares	2,520
Uniti shares	815
NCR shares	774
Teradata shares	774
Vodafone shares	6,471
CenturyLink shares	4,398
Frontier Communications shares	300
T-Mobile shares	4,102
Verizon shares	31,904
Windstream shares	135

The Mutual fund included in the table above is Vanguard GNMA Admiral Shares

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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.