Marketable Securities

6 Months Ended

Dec. 31, 2025

Marketable Securities

Marketable Securities

NOTE 5 – Marketable Securities

A summary of the fair value of the Company’s investment in marketable securities as of December 31, 2025 and June 30, 2025 is as follows:

	December 31, 2025		June 30, 2025
Equity Securities	$	—	$	5,852
Debt Securities (available-for-sale)		10,462		10,243
	$	10,462	$	16,095

Investments in Equity Securities

The disaggregated net gains and losses on the equity securities recognized within the accompanying condensed consolidated statements of income for the three and six months ended December 31, 2025 and 2024, are as follows (in thousands):

	Three months ended December 31,				Six months ended December 31,
	2025		2024		2025		2024
Net gains recognized during the period on equity securities	$	—	$	57	$	14	$	168
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date		—		(76)		—		81
	$	—	$	(19)	$	14	$	249

The following tables summarize the Company’s investments in equity securities at December 31, 2025 and June 30, 2025, respectively (in thousands):

	December 31, 2025						June 30, 2025
					Unrealized						Unrealized
	Cost		Fair Value		Gain (Loss)		Cost		Fair Value		Gain (Loss)
Mutual Funds	$	—		—	$	—	$	6,008	$	5,852	$	(156)

Investment income is recognized when earned and consists principally of dividend income from fixed income mutual funds. Realized gains and losses on sales of investments are determined on a specific identification basis.

Investments in Debt Securities

The following tables summarize the Company’s investments in debt securities at December 31, 2025 and June 30, 2025 (in thousands):

	December 31, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
U.S. Treasury Securities	$	10,235	$	227	$	—	$	10,462

	June 30, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
U.S. Treasury Securities	$	10,058	$	185	$	—	$	10,243

The debt investments all mature within one year or less, and the Company did not recognize any credit or non-credit related losses related to its debt securities during the three and six months ended December 31, 2025 and 2024.