5. Fair Value of Financial Instruments (Tables)

6 Months Ended

Dec. 31, 2015

Investments, All Other Investments [Abstract]

Fair Value Inputs

	Fair Value Measurements Using Inputs Considered as
Assets:
		Fair Value at December 31, 2015		Level 1		Level 2		Level 3
Cash and cash equivalents	$	666,900	$	666,900	$	—	$	—
Restricted Cash		300,000		300,000
Available for sale securities		278,200		278,200		—		—
Total	$	1,245,100	$	1,245,100	$	—	$	—
Liabilities:
Contingent consideration	$	266,200	$	—	$	—	$	266,200

	Fair Value Measurements Using Inputs Considered as
Assets:
		Fair Value at June 30, 2015		Level 1		Level 2		Level 3
Cash and cash equivalents	$	482,000	$	482,000	$	—	$	—
Restricted Cash		300,000		300,000
Available for sale securities		281,800		281,800		—		—
Total	$	1,063,800	$	1,063,800	$	—	$	—
Liabilities:
Contingent consideration	$	367,100	$	—	$	—	$	367,100

Investments in Marketable Securitites

	Cost		Fair Value		Unrealized Holding Gain (Loss)
At December 31, 2015:
Available for sale:
Equity securities	$	29,300	$	38,200	$	8,900
Mutual funds		257,100		240,000		(17,100	)
	$	286,400	$	278,200	$	(8,200	)

	Cost		Fair Value		Unrealized Holding Gain (Loss)
At June 30, 2015:
Available for sale:
Equity securities	$	29,300	$	35,800	$	6,500
Mutual funds		255,800		246,000		(9,800	)
	$	285,100	$	281,800	$	(3,300	)