Marketable Securities

9 Months Ended

Mar. 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 March 31, 2025 and June 30, 2024 is as follows:

	March 31, 2025		June 30, 2024
Equity Securities	$	5,748	$	5,398
Debt Securities (available-for-sale)		10,136		—
	$	15,884	$	5,398

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 nine months ended March 31, 2025 and 2024, are as follows (in thousands):

	Three months ended March 31,				Nine months ended March 31,
	2025		2024		2025		2024
Net gains recognized during the period on equity securities	$	51	$	42	$	219	$	160
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date		49		(18)		131		52
	$	100	$	24	$	350	$	212

The following tables summarize the Company’s investments in equity securities at March 31, 2025 and June 30, 2024, respectively (in thousands):

	March 31, 2025						June 30, 2024
					Unrealized						Unrealized
	Cost		Fair Value		Gain (Loss)		Cost		Fair Value		Gain (Loss)
Mutual Funds	$	5,951		5,748	$	(203)	$	5,857	$	5,398	$	(459)

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 Company had no investment in debt securities at June 30, 2024. The following tables summarize the Company’s investments in debt securities at March 31, 2025 (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
U.S. Treasury Securities	$	10,003	$	133	$	—	$	10,136

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 nine months ended March 31, 2025.