INCOME TAXES	6 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company and its subsidiaries file a consolidated federal income tax return. Provisions for income taxes include deferred taxes for temporary differences in the bases of assets and liabilities for financial and tax purposes, resulting from the use of the liability method of accounting for income taxes. The current deferred tax asset primarily consists of unrealized losses on trading securities. The long-term deferred tax asset is composed primarily of capital loss carryover, unrealized losses and other-than-temporary impairments on available-for-sale securities and the difference in tax treatment of stock options. For federal income tax purposes at December 31, 2013, the Company has capital loss carryovers of approximately $920,000, expiring in fiscal year 2018. The Company also has charitable contribution carryovers of approximately $103,000, expiring in fiscal years 2018 - 2019. A valuation allowance is provided when it is more likely than not that some portion of the deferred tax amount will not be realized. At December 31, 2013, and June 30, 2013, a valuation allowance of $34,995 and $27,286, respectively, was included related to the charitable contribution carryover.

INCOME TAXES

6 Months Ended

Dec. 31, 2013

The Company and its subsidiaries file a consolidated federal income tax return. Provisions for income taxes include deferred taxes for temporary differences in the bases of assets and liabilities for financial and tax purposes, resulting from the use of the liability method of accounting for income taxes. The current deferred tax asset primarily consists of unrealized losses on trading securities. The long-term deferred tax asset is composed primarily of capital loss carryover, unrealized losses and other-than-temporary impairments on available-for-sale securities and the difference in tax treatment of stock options.

For federal income tax purposes at December 31, 2013, the Company has capital loss carryovers of approximately $920,000, expiring in fiscal year 2018. The Company also has charitable contribution carryovers of approximately $103,000, expiring in fiscal years 2018 - 2019.

A valuation allowance is provided when it is more likely than not that some portion of the deferred tax amount will not be realized. At December 31, 2013, and June 30, 2013, a valuation allowance of $34,995 and $27,286, respectively, was included related to the charitable contribution carryover.