|12 Months Ended
Jun. 30, 2021
|Long Term Investments [Abstract]
9. LONG-TERM INVESTMENTS
As of June 30, 2021, the Company had five investments in privately-held entities. The Company has determined that it is appropriate to account for four of these investments under the equity method of accounting, and the remaining investment under the cost-basis method of accounting.
The following table shows the carrying value and ownership percentage of the Company's investment in each entity:
The Company considers all of our equity method investees to be related parties. See Note 13 for a summary of the Company's aggregate balances and activity with these related party entities.