FAIR VALUE MEASUREMENTS

12 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 7 - FAIR VALUE MEASUREMENTS

The carrying values of the Company’s financial instruments not required to be carried at fair value on a recurring basis approximate fair value due to their short maturities (i.e., accounts receivable, other assets, accounts payable and other liabilities, due to securities broker and obligations for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable).

The assets measured at fair value on a recurring basis are as follows:

As of June 30, 2024	Level 1
Assets:
Investment in marketable securities:
REITs and real estate companies	$	3,358,000
Communication services		1,994,000
T-Notes		933,000
Energy		303,000
Financial services		269,000
Healthcare		179,000
Utilities		163,000
Industrial		159,000
Basic materials		75,000
Technology		21,000
	$	7,454,000

As of June 30, 2023	Level 1
Assets:
Investment in marketable securities:
REITs and real estate companies	$	6,985,000
Technology		2,779,000
T-Notes		2,093,000
Financial services		1,865,000
Consumer cyclical		1,689,000
Basic materials		1,047,000
Healthcare		739,000
Communication services		566,000
Industrial		485,000
Utilities		97,000
	$	18,345,000

The fair values of investments in marketable securities are determined by the most recently traded price of each security at the balance sheet date.