5. Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2013

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 and liabilities that were accounted for at fair value on a recurring basis at March 31, 2013 and June 30, 2012 according to the valuation techniques the Company used to determine their fair values:

Fair Value Measurements Using Inputs Considered as
	Fair Value at March
Assets:	31, 2013		Level 1		Level 2		Level 3
Cash and cash equivalents	$	946,400	$	946,400	$	-	$	-
Available for sale securities		729,500		729,500		-		-
Total	$	1,675,900	$	1,675,900	$	-	$	-
Liabilities:
Contingent consideration	$	81,500	$	-	$	-	$	81,500

Fair Value Measurements Using Inputs Considered as
	Fair Value at June
Assets:	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 March 31, 2013 and June 30, 2012 consisted of the following:

	Cost		Fair Value		Unrealized Holding Gain (Loss)
At March 31, 2013:
Available for sale:
Equity securities	$	29,300	$	31,800	$	2,500
Mutual funds		696,000		697,700		1,700
	$	725,300	$	729,500	$	4,200

	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	)