Marketable Securities and Investments

6 Months Ended

Dec. 31, 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 December 31, 2015 and June 30, 2015:

	CostBasis		Impairment Charge		AdjustedCost		Gross Unrealized Losses		Gross Unrealized Gains		FairValue
Marketable securities at December 31, 2015	$	69,850		—		69,850		69,770		—	$	80
Marketable securities at June 30, 2015	$	69,850		—		69,850		55,193		—	$	14,657

During the six month period ended December 31, 2015, the Company recorded an unrealized loss of $14,577 (2014– $124,848).

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.