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INVESTMENT IN MARKETABLE SECURITIES
 9 Months Ended
Mar. 31, 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 transfer to its shareholders through income and/or capital gain.

 

 

At March 31, 2025 and June 30, 2024, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments, along with the changes in amounts due to broker are included in earnings. Trading securities are summarized as follows:

 

Investment  Cost  

Gross

Unrealized Gain

  

Gross

Unrealized Loss

  

Net

Unrealized (Loss) Gain

  

Fair

Value

 
As of                         
March 31, 2025                         
Corporate                         
Equities  $790,000   $2,000   $(41,000)  $(39,000)  $751,000 
As of                         
June 30, 2024                         
Corporate                         
Equities  $6,262,000   $1,697,000   $(505,000)  $1,192,000   $7,454,000 

 

Net gains (losses) on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of net gains (losses) on marketable securities for the three and nine months ended March 31, 2025 and 2024, respectively:

 

For the three months ended March 31,  2025   2024 
Realized (loss) gain on marketable securities, net  $(74,000)  $9,000 
Unrealized loss on marketable securities, net   (1,023,000)   (820,000)
Net loss on marketable securities  $(1,097,000)  $(811,000)

 

For the nine months ended March 31,  2025   2024 
Realized (loss) gain on marketable securities, net  $(330,000)  $1,374,000 
Unrealized loss on marketable securities, net   (1,236,000)   (1,210,000)
Net (loss) gain on marketable securities  $(1,566,000)  $164,000