XML 19 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows
12 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash Flows from Operating Activities:    
Net income (loss) $ 3,055,000 $ (334,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion 9,000 (118,000)
Net realized (gains) losses on disposal of fixed assets 2,000 0
Net realized (gains) losses on securities 2,487,000 (418,000)
Unrealized (gains) losses on securities (5,326,000) 247,000
Provision for deferred taxes (171,000) 709,000
Reserve for uncertain tax positions (36,000) 106,000
Share-based compensation expense 9,000 124,000
Allowance for credit losses (24,000) [1] (80,000) [1]
Changes in operating assets and liabilities:    
Accounts and other receivables 699,000 (800,000)
Prepaid expenses and other assets (3,000) (17,000)
Accounts payable and accrued expenses 41,000 (241,000)
Total adjustments (2,313,000) (488,000)
Net cash provided by (used in) operating activities 742,000 (822,000)
Cash Flows from Investing Activities:    
Purchase of property and equipment (60,000) (7,000)
Purchase of trading securities at fair value, non-current (1,104,000) (1,246,000)
Purchase of other investments (109,000) 0
Proceeds from principal paydowns of available-for-sale debt securities at fair value 2,342,000 2,250,000
Return of capital on non-current investments 255,000 24,000
Return of capital on other investments 0 (24,000)
Net cash provided by (used in) investing activities 2,124,000 1,057,000
Cash Flows from Financing Activities:    
Principal payments on finance lease (28,000) (33,000)
Proceeds from notes payable 0 75,000
Issuance of common stock 72,000 73,000
Repurchases of common stock (1,972,000) (1,969,000)
Excise tax paid on repurchases of common stock (19,000) (20,000)
Dividends paid (1,141,000) (1,208,000)
Net cash provided by (used in) financing activities (3,088,000) (3,082,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (222,000) (2,847,000)
Beginning cash, cash equivalents, and restricted cash 25,552,000 28,399,000
Ending cash, cash equivalents, and restricted cash 25,330,000 25,552,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Dividends declared but not paid 279,000 296,000
Excise tax liability accrued on stock repurchases 18,000 19,000
Lease liabilities obtained from new ROU assets - finance 92,000 [2] 0 [2]
Unsettled class A common stock repurchases 1,000 10,000
Supplemental Disclosures of Cash Flow Information    
Cash paid for income taxes, net of refunds 45,000 64,000
Cash paid for interest 5,000 1,000
Trading Securities, Current [Member]    
Cash Flows from Investing Activities:    
Proceeds on sale of trading securities at fair value, current 800,000 0
Trading Securities, Non-current [Member]    
Cash Flows from Investing Activities:    
Proceeds on sale of trading securities at fair value, current $ 0 $ 60,000
[1] Represents the change in present value attributable to the passage of time included in interest income.
[2] During fiscal year 2026, non-cash changes in lease liabilities included $92,000 of new right-of-use assets recognized in exchange for new lease liabilities and $6,000 of amortization of lease liabilities during rent-free periods. There were no non-cash changes in lease liabilities during fiscal year 2025.