Marketable Securities and Investments

3 Months Ended

Sep. 30, 2015

Investments Debt And Equity Securities [Abstract]

Marketable Securities and Investments

Note 3. Marketable Securities and Investments

The following table summarizes the Company’s available-for sale securities on hand as of September 30, 2015 and June 30, 2015:

	CostBasis		Impairment Charge		AdjustedCost		Gross Unrealized Losses		Gross Unrealized Gains		FairValue
Marketable securities at September 30, 2015	$	69,850		—		69,850		69,072		—	$	778
Marketable securities at June 30, 2015	$	69,850		—		69,850		55,193		—	$	14,657

During the three month period ended September 30, 2015, the Company recorded an unrealized loss of $13,879 (2014 – $123,665 gain).

The marketable securities reflected in the table above includes stock purchase warrants of a single entity involved in the exploration of precious metals.  Each stock purchase warrant is exercisable for a common share of the entity.  The Company performs a quarterly assessment on its marketable securities with unrealized losses to determine if the security is other than temporarily impaired.