Investment Securities (Tables)

9 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities

Investment securities at March 31, 2021 and June 30, 2020 consist of certificates of deposit and municipal bonds which are classified as available-for-sale securities and have been determined to be level 1 assets. The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities by major security type at March 31, 2021 and June 30, 2020 are as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
March 31, 2021
Certificates of deposit	$	2,938,000	$	—	$	—		$	2,938,000
Municipal bonds		70,298		158		—			70,456
Total investment securities	$	3,008,298	$	158	$	—		$	3,008,456
June 30, 2020
Certificates of deposit	$	4,679,847	$	—	$	—		$	4,679,847
Municipal bonds		462,618		1,243		(2,188	)		461,673
Total investment securities	$	5,142,465	$	1,243	$	(2,188	)	$	5,141,520

Schedule of Contractual Maturities

As of March 31, 2021 and June 30, 2020, the remaining contractual maturities of available-for-sale securities were as follows:

	Years to Maturity
	Less than		One to
	One Year		Five Years		Total
March 31, 2021
Available-for-sale	$	3,008,456	$	—	$	3,008,456
June 30, 2020
Available-for-sale	$	5,141,520	$	—	$	5,141,520