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Other Comprehensive Loss
 9 Months Ended
Mar. 31, 2023
Other Comprehensive Income (Loss), Tax [Abstract]  
Other Comprehensive Loss

6. Other Comprehensive Loss

 

The Company’s other comprehensive loss is comprised solely of unrealized gains and losses on available-for-sale securities. The following is a summary of the accumulated other comprehensive loss balances, net of tax:

 

(in thousands)  Nine months ended
March 31,
2023		   Three months ended
March 31,
2023		 
Balance at beginning of period  $
–
   $(343)
Current period change   (361)   (18)
Balance at end of period  $(361)  $(361)

 

Other comprehensive income (loss) components and related tax effects for the periods indicated were as follows:

 

   Nine months ended   Three months ended 
   March 31,   March 31, 
(in thousands)  2023   2022   2023   2022 
Unrealized holding losses on available-for-sale securities  $(480)  $
           –
   $(24)  $
–
 
Tax effect   119    
–
    6    
–
 
   $(361)  $
–
   $(18)  $
–