Marketable Equity Securities Available for Sale

6 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Marketable Equity Securities Available for Sale

NOTE 3 – MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE

The Company’s marketable securities are classified as available-for-sale and, as such, are carried at fair value. All of the securities are comprised of shares of common stock of the investee. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. These marketable securities are quoted on the OTC markets and are accounted for in accordance with the provisions of SFAS No. 115.

Marketable securities held by the Company and classified as available for sale as of December 31, 2016 consisted of 33,965,106 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation), a public company quoted on the OTC Markets (Trading symbol “MYSN”), 292,050,000 shares of Sports Pouch Beverage Co., a public company quoted on the OTC Markets (Trading symbol “SPBV”) and 10,700 shares of XG Technology, Inc., a public company quoted on Nasdaq (Trading symbol “XGTI”). The Company returned 97,350,000 shares of SPBV to the client company during the quarter ended December 31, 2016. The fair value of the shares recorded as of December 31, 2016 was $646,146.

Securities Available for Sale	Level 1		Level 2		Level 3		Total
December 31, 2016	$	14,445	$	339,651	$	292,050	$	646,146
June 30, 2016	$	-	$	60,054	$	323,717	$	383,770