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MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE
9 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE

NOTE 3MARKETABLE 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.

 

The Company wrote off 91 shares of Mag Mile Capital Inc., formerly Myson Group, Inc., as of March 31, 2024 and did not recognize any value for them.

 

Securities available for sale  Level 1   Level 2   Level 3   Total 
March 31, 2024   None   $0   $0   $0 
June 30, 2023   None   $420   $0   $420