Annual report pursuant to Section 13 and 15(d)

Investments in Debt Securities

v3.23.3
Investments in Debt Securities
12 Months Ended
Jun. 30, 2023
Investments in Debt and Equity Securities [Abstract]  
Investments in Debt Securities

8. Investments in Debt Securities

The Company did not hold any investments in debt securities at March 31, 2023. The components of investments in debt securities are as follows (in thousands):

June 30, 

June 30,

2023

2022

Adjusted cost

$

$

11,029

Gross unrealized losses

(184)

Fair value

$

$

10,845

The fair value of available-for-sale debt securities, by contractual maturity was as follows (in thousands):

June 30, 

June 30,

Fiscal period ending:

2023

2022

2023

$

$

8,054

2024

2,791

$

$

10,845

Amortization of premiums paid on the debt securities amounted to $67,000 and $312,000 for the years ended June 30, 2023 and 2022, respectively.

Realized losses on available-for-sale debt securities are as follows (in thousands):

Years Ended June 30,

2023

2022

Proceeds from sale of debt securities

$

6,739

$

Cost of debt securities

6,837

Realized loss on sale of debt securities

$

(98)

$