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Investment Securities (Tables)

3 Months Ended

Sep. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities

Investment securities at September 30, 2018 and June 30, 2018 consist of certificates of deposit and municipal bonds which are classified as available-for-sale securities and have been determined to be level 1 assets. The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities by major security type at September 30, 2018 and June 30, 2018 are as follows:

						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
September 30, 2018
Certificates of deposit		$	4,966,000			$	—			$	—			$	4,966,000
Municipal bonds			2,482,635				1,020				(4,363	)			2,479,292
Total investment securities		$	7,448,635			$	1,020			$	(4,363	)		$	7,445,292
June 30, 2018
Certificates of deposit		$	10,440,000			$	—			$	—			$	10,440,000
Municipal bonds			1,085,754				635				(5,683	)			1,080,706
Total investment securities		$	11,525,754			$	635			$	(5,683	)		$	11,520,706

Schedule of Contractual Maturities

As of September 30, 2018 and June 30, 2018, the remaining contractual maturities of available-for-sale securities were as follows:

		Years to Maturity
		Less than				One to
		One Year				Five Years				Total
September 30, 2018
Available-for-sale		$	5,169,381			$	2,275,911			$	7,445,292
June 30, 2018
Available-for-sale		$	10,967,300			$	553,406			$	11,520,706

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- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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