5. Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2014

Investments, All Other Investments [Abstract]

Fair Value Inputs

Fair Value Measurements Using Inputs Considered as Assets:

	Fair Value at
	March 31, 2014	Level 1	Level 2	Level 3
Cash and cash equivalents	$ 343,000	$ 343,000	$ -	$ -
Available for sale securities	474,000	474,000	-	-
Total	$ 817,000	$ 817,000	$ -	$ -

Liabilities:

Contingent consideration  $ 528,700  $ -  $ -  $528,700

	Fair Value at
	June 30, 2013	Level 1	Level 2	Level 3
Cash and cash equivalents	$ 927,300	$ 927,300	$ -	$ -
Available for sale securities	908,400	908,400	-	-
Total	$1,835,700	$1,835,700	$ -	$ -

Liabilities:

Contingent consideration  $ 70,600  $ -  $ -  $ 70,600

Investments in Marketable Securitites

Investments in marketable securities classified as available-for-sale by security type at March 31, 2014 and June 30, 2013 consisted of the following:

			Unrealized
		Fair	Holding Gain
	Cost	Value	(Loss)
At March 31, 2014:
Available for sale:
Equity securities	$ 29,300	$ 37,400	$ 8,100
Mutual funds	450,800	436,600	( 14,200)
	$ 480,100	$ 474,000	($ 6,100)

			Unrealized
		Fair	Holding Gain
	Cost	Value	(Loss)
At June 30, 2013:
Available for sale:
Equity securities	$ 29,300	$ 33,200	$ 3,900
Mutual funds	892,700	875,200	(17,500)
	$ 922,000	$ 908,400	$ (13,600)