5. SECURITIES AVAILABLE-FOR-SALE

12 Months Ended

Jun. 30, 2019

Debt Securities, Available-for-sale [Abstract]

5. SECURITIES AVAILABLE-FOR-SALE

On November 10, 2014, the Company received 600,000 shares of b Booth stock as part of an Asset License agreement with b Booth valued at $1,800,000. At the end of the second quarter of 2016, we concluded that the severity in the decline in market values of these assets to a value of $30,000 had led to gross realized loss totaling $1,770,000 in 2015. On February 22, 2018, the Company sold the 600,000 shares to the CEO of b Booth in exchange for $270,000, which included $250,000 in cash and $20,000 in commissions fees. The Company realized a gain on sale of the available for sale securities of $240,000 (Sales price of $270,000 less the adjusted asset value of $30,000). The following table presents the amortized cost, gross unrealized gains, gross unrealized losses, and fair market value of available-for-sale equity securities, nearly all of which are attributable to the Company’s investment in b Booth stock, as follows: 

	June 30, 2019
	Amortized cost		Gross unrealized losses		Gross realized gains		Purchase Price		Fair value
Equity securities	$	-	$	-	$	-	$	-	$	-

	June 30, 2018
	Amortized cost		Gross unrealized losses			Gross realized gains		Purchase Price			Fair value
Equity securities	$	123,600	$	(93,600	)	$	240,000	$	(270,000	)	$	-