4. SECURITIES AVAILABLE-FOR-SALE

9 Months Ended

Mar. 31, 2018

Securities Available-for-sale Tables

4. 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. 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 gross realized loss 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:

	March 31, 2018
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Gross realized gains		Gross realized losses			Fair value
Equity securities	$	123,600	$	-	$	(93,600	)	$	-	$	(30,000	)	$	-

	June 30, 2017
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Gross realized gains		Gross realized losses		Fair value
Equity securities	$	63,600	$	60,000	$	-	$	-	$	-	$	123,600