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4. Fair Value of Financial Instruments (Tables)
6 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value Inputs

 

          Fair Value Measurements Using Inputs Considered as  
    Fair Value at December 31, 2018     Level 1     Level 2     Level 3  
                         
Assets:                        
                         
Cash and cash equivalents   $ 1,358,100     $ 1,358,100     $ -     $ -  
Available for sale securities     307,800       307,800       -       -  
                                 
Total   $ 1,665,900     $ 1,665,900     $ -     $ -  
                                 
Liabilities:                                
                                 
Contingent consideration   $ 408,000     $ -     $ -     $ 408,000  

 

 

          Fair Value Measurements Using Inputs Considered as  
    Fair Value at June 30, 2018     Level 1     Level 2     Level 3  
                         
Assets:                        
                         
Cash and cash equivalents   $ 1,053,100     $ 1,053,100     $ -     $ -  
Available for sale securities     314,700       314,700       -       -  
                                 
Total   $ 1,367,800     $ 1,367,800     $ -     $ -  
                                 
Liabilities:                                
                                 
Contingent consideration   $ 408,000     $ -     $ -     $ 408,000  

 

Changes to Level 3 Financial Liabilities
    December 31, 2018     December 31, 2017  
Beginning balance   $ 408,000     $ 297,000  
Payments     -       (142,700 )
                 
Ending balance   $ 408,000     $ 154,300  
Investments in Marketable Securitites

 

    Cost     Fair Value     Unrealized Holding Gain (Loss)  
At December 31, 2018:                  
Available for sale:                  
Equity securities   $ 48,700     $ 67,100     $ 18,400  
Mutual funds     260,500       240,700       (19,800 )
                         
    $ 309,200     $ 307,800     $ (1,400 )

 

 

    Cost     Fair Value     Unrealized Holding Gain (Loss)  
At June 30, 2018:                  
Available for sale:                  
Equity securities   $ 45,700     $ 67,800     $ 22,100  
Mutual funds     267,800       246,900       (20,900 )
                         
    $ 313,500     $ 314,700     $ 1,200