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Investment Securities (Tables) | 12 Months Ended
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Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract] |
Schedule of cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities | The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities by major security type at June 30, 2021 and June 30, 2020 are as follows:
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | 3,092,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,092,000 |
Municipal bonds |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
2021 Total investment securities |  | $ | 3,092,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,092,000 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | 4,679,847 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,679,847 |
Municipal bonds |  |  | 462,618 |  |  |  | 1,243 |  |  |  | (2,188 | ) |  |  | 461,673 |
2020 Total investment securities |  | $ | 5,142,465 |  |  | $ | 1,243 |  |  | $ | (2,188 | ) |  | $ | 5,141,520 |
Schedule of contractual maturities of available-for-sale securities | As of June 30, 2021 and 2020, the remaining contractual maturities of available-for-sale securities were as follows:
|  | Years to Maturity |  |  |  |
|  | Less than |  |  | One to |  |  |  |
|  | One Year |  |  | Five Years |  |  | Total |
2021 |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  | $ | 3,092,000 |  |  | $ | — |  |  | $ | 3,092,000 |
2020 |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  | $ | 5,141,520 |  |  | $ | — |  |  | $ | 5,141,520 |

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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. + References No definition available. + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- References No definition available. + Details
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