Marketable Securities

3 Months Ended

Sep. 30, 2024

Marketable Securities

Marketable Securities

NOTE 5 – Marketable Securities

The Company’s 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 recognized within the accompanying condensed consolidated statements of income for the three months ended September 30, 2024 and 2023, are as follows (in thousands):

	Three months ended September 30,
	2024		2023
Net gains recognized during the period on marketable securities	$	111	$	42
Less: Net (losses) 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		157		(57)
	$	268	$	(15)

The following tables summarize the Company’s investments at September 30, 2024 and June 30, 2024, respectively (in thousands):

	September 30, 2024						June 30, 2024
					Unrealized						Unrealized
	Cost		Fair Value		Gain (Loss)		Cost		Fair Value		Gain (Loss)
Mutual Funds	$	5,842		5,666	$	(176)	$	5,857	$	5,398	$	(459)

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 September 30, 2024 and June 30, 2024 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
September 30, 2024
Mutual funds	-	-	4,152,000	218,000
Total	-	-	4,152,000	218,000
June 30, 2024
Mutual funds	-	-	4,677,000	486,000
Total	-	-	4,677,000	486,000