Investment Under Cost Method |
9 Months Ended |
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Mar. 31, 2016 | |
| Investments, Debt and Equity Securities [Abstract] | |
| Investment Under Cost Method |
NOTE 7 INVESTMENT UNDER COST METHOD
On March 2, 2016, the Company purchased a 4.9% interest in a non-affiliated, non-public company for $555,556, which the Company accounted for under the cost method. The Company has determined that there is no change in the value of the investment at March 31, 2016. |
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- Definition The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses). No definition available.
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- References No definition available.
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