Marketable Equity Securities Available for Sale

9 Months Ended

Mar. 31, 2017

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 or other public exchanges 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 March 31, 2017 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”), 5,000 shares of Evoke Pharma, Inc. (Nasdaq:EVOK), 1,800 shares of Trevena, Inc. (Nasdaq:TRVN), and short sale of 2,000 shares of Biocryst Pharmaceuticals, Inc. (Nasdaq:BCRX). The fair value of the shares recorded as of March 31, 2017 was $579,266.

Securities Available for Sale	Level 1		Level 2		Level 3		Total
March 31, 2017	$	5,306	$	281,910	$	292,050	$	579,266
June 30, 2016	$	-	$	60,054	$	323,717	$	383,770