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Investments in U.S. Treasury Bills available-for-sale
12 Months Ended
Jun. 30, 2024
Investments In U.s. Treasury Bills Available-for-sale  
Investments in U.S. Treasury Bills available-for-sale

4. Investments in U.S. Treasury Bills available-for-sale

 

The following is a summary of the U.S. Treasury Bills held at June 30, 2023: 

                    
   Amortized Cost Basis   Gross Unrealized Gain   Gross Unrealized loss   Fair Value   Total Accumulated Other Comprehensive Income 
U.S. Treasury Bills due in 3 - 6 months  $14,301,136   $176,591   $   $14,477,726   $176,591 

 

During the fiscal year ended June 30, 2023, the Company purchased a total of approximately $46 million of U.S. Treasury Bills. All outstanding investments in U.S. Treasury Bills available-for-sale held at June 30, 2023 matured during the three months ended September 30, 2023 and were settled, resulting in a realized gain of $223,865 recorded as a component of interest income on the accompanying statement of operations and comprehensive loss.