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4. Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2012
Investments, All Other Investments [Abstract]  
Fair Value Inputs

 

Assets:       Fair Value Measurements Using Inputs Considered as
    Fair Value at            
  30-Jun-12   Level 1    Level 2    Level 3 
                 
Cash and cash equivalents   $              769,300   $       769,300   $       -            $      -       
Available for sale securities                   718,300           718,300            -                    -       
                 
Total   $           1,487,600   $    1,487,600   $       -            $      -       
                 
Liabilities:                
                 
Contingent consideration   $              107,400   $           -          $       -            $    107,400
                 
Assets:       Fair Value Measurements Using Inputs Considered as
    Fair Value at            
  30-Jun-11   Level 1    Level 2    Level 3 
                 
Cash and cash equivalents   $              907,800   $       907,800   $       -            $        -     
Available for sale securities                  693,400           693,400            -                      -     
                 
Total   $           1,601,200   $    1,601,200   $       -            $        -     

Investments in Marketable Securitites
    

 

 

Cost

    

 

Fair

Value

    

Unrealized

Holding Gain

(Loss)

 
At June 30, 2012:               
Available for sale:               
Equity securities  $5,900   $16,000   $10,100 
Mutual funds   725,000    702,300    (22,700)
                
   $730,900   $718,300   $(12,600)

 

    

 

 

Cost

    

 

Fair

Value

    

Unrealized

Holding Gain

(Loss)

 
At June 30, 2011:               
Available for sale:               
Equity securities  $7,800   $13,300   $5,500 
Mutual funds   707,100    680,100    (27,000)
   $714,900   $693,400   $(21,500)