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INVESTMENT IN MARKETABLE SECURITIES
 12 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
INVESTMENT IN MARKETABLE SECURITIES

NOTE 6 - INVESTMENT IN MARKETABLE SECURITIES

 

The Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested in corporate bonds and income producing securities, which may include interests in real estate-based companies and REITs, where financial benefit could inure to its shareholders through income and/or capital gain.

 

At June 30, 2025 and 2024, the Company’s marketable securities are accounted for under ASC 321 and measured at fair value with changes recognized in earnings; and marketable debt securities, if held, are classified as trading with changes recognized in earnings. The following table summarizes cost and fair value information for marketable securities:

 

       Gross   Gross   Net     
Investment  Cost  

Unrealized

Gain

  

Unrealized

Loss

  

Unrealized

Gain

  

Fair

Value

 
As of June 30, 2025                         
Corporate Equities  $790,000   $180,000   $(1,000)  $179,000   $969,000 
                          
As of June 30, 2024                         
Corporate Equities  $6,262,000   $1,697,000   $(505,000)  $1,192,000   $7,454,000 

 

Net loss on marketable securities in the consolidated statements of operations comprises realized and unrealized components, as follows:

  

For the year ended June 30,  2025   2024 
Realized (loss) gain on marketable securities  $(329,000)  $1,251,000 
Unrealized loss on marketable securities   (1,018,000)   (1,736,000)
Net loss on marketable securities  $(1,347,000)  $(485,000)

 

Gains and losses on marketable securities may continue to fluctuate significantly from period to period, and past results are not necessarily indicative of future performance. There were no material changes to related accounting policies during the periods presented.

 

As of June 30, 2025, one equity security represented approximately 99% of the fair value of the Company’s marketable equity portfolio.