5. Fair Value of Financial Instruments (Tables)

3 Months Ended

Sep. 30, 2012

Investments, All Other Investments [Abstract]

Fair Value Inputs

The following tables set forth by level within the fair value hierarchy the Company’s financial assets that were accounted for at fair value on a recurring basis at September 30, 2012 and June 30, 2012 according to the valuation techniques the Company used to determine their fair values:

	Fair Value Measurements Using Inputs Considered as
Assets:
	Fair Value at
	September 30, 2012		Level 1		Level 2		Level 3
Cash and cash equivalents	$	748,600	$	748,600	$	-	$	-
Available for sale securities		730,000		730,000		-		-
Total	$	1,478,600	$	1,478,600	$	-	$	-
Liabilities:
Contingent consideration	$	107,400	$	-	$	-	$	107,400

	Fair Value Measurements Using Inputs Considered as
Assets:
	Fair Value at June
	30, 2012		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

Investments in Marketable Securitites

Investments in marketable securities classified as available-for-sale by security type at September 30, 2012 and June 30, 2012 consisted of the following:

	Cost		Fair Value		Unrealized Holding Gain (Loss)
At September 30, 2012:
Available for sale:
Equity securities	$	5,900	$	16,400	$	10,500
Mutual funds		727,100		713,600		(13,500	)
	$	733,000	$	730,000	$	(3,000	)

	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	)