Marketable Securities

12 Months Ended

Jun. 30, 2024

Marketable Securities

Marketable Securities

NOTE 5 – Marketable Securities

Marketable securities include investments in fixed income mutual funds, which are reported at their fair values. The disaggregated net gains and losses on the marketable securities recognize in the income statement for the years ended June 30, 2024, 2023 and 2022 are as follows (in thousands):

	Year ended June 30,
	2024		2023		2022
Net gains recognized during the period on marketable securities	$	207	$	147	$	81
Less: Net gains recognized during the period on marketable securities sold during the period		—		—		—
Unrealized gains (losses) recognized during the reporting period on marketable securities still held at the reporting date		55		(79)		(426)
	$	262	$	68	$	(345)

The following tables summarize the Company’s marketable securities (in thousands):

	June 30, 2024						June 30, 2023
					Unrealized						Unrealized
	Cost		Fair Value		Gain (Loss)		Cost		Fair Value		Gain (Loss)
Mutual Funds	$	5,857		5,398	$	(459)	$	5,651	$	5,136	$	(515)

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

Available-for-sale securities in a loss position at June 30, 2024 and 2023 were as follows:

	Continuous Loss Position for Less than 12 Months		Continuous Loss Position for 12 Months or More
	Estimated Fair Value	Gross Unrealized Losses	Estimated Fair Value	Gross Unrealized Losses
June 30, 2024
Mutual funds	-	-	4,677,000	486,000
Total	-	-	4,677,000	486,000
June 30, 2023
Mutual funds	-	-	4,457,000	537,000
Total	-	-	4,457,000	537,000