Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2022

4 Fair Value of Financial Instruments

Fair value inputs

	Fair Value at		Fair Value Measurements Using Inputs Considered as
	March 31, 2022		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	4,068,000	$	4,068,000	$	-	$	-
Investment securities		7,768,600		6,796,500		972,100		-
Total	$	11,836,600	$	10,864,500	$	972,100	$	-
Liabilities:
Contingent consideration	$	117,500	$	-	$	-	$	117,500

	Fair Value at		Fair Value Measurements Using Inputs Considered as
	June 30, 2021		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	9,675,200	$	9,675,200	$	-	$	-
Investment securities		3,744,600		2,920,600		824,000		-
Total	$	13,419,800	$	12,595,800	$	824,000	$	-
Liabilities:
Contingent consideration	$	160,000	$	-	$	-	$	160,000

Investments in marketable securitites

	Cost		Fair Value		Unrealized Holding Gain (Loss)
At March 31, 2022:
Equity securities	$	118,900	$	176,900	$	58,000
Mutual funds		6,708,300		6,619,600		(88,700	)
Debt securities		977,200		972,100		(5,100	)
	$	7,804,400		7,768,600		(35,800	)

	Cost		Fair Value		Unrealized Holding Gain (Loss)
At June 30, 2021:
Equity securities	$	102,200	$	154,100	$	51,900
Mutual funds		2,752,400		2,766,500		14,100
Debt securities		832,700		824,000		(8,700	)
	$	3,687,300	$	3,744,600	$	57,300