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Financial Information by Business Segment | 12 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Financial Information by Business Segment | Note 16. Financial Information by Business Segment The Company operates principally in two business segments: providing investment management services to the funds it manages and investing for its own account in an effort to add growth and value to its cash position. The following schedule details total revenues and income by business segment:
|  | Investment Management Services |  |  | Corporate Investments |  |  | Consolidated |
Year ended June 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 40,925,058 |  |  | $ | — |  |  | $ | 40,925,058 |
Net other income |  |  | 2,887 |  |  |  | 1,005,681 |  |  |  | 1,008,568 |
Net income before income taxes |  |  | 11,034,140 |  |  |  | 995,879 |  |  |  | 12,030,019 |
Depreciation |  |  | 291,705 |  |  |  | — |  |  |  | 291,705 |
Capital expenditures |  |  | 86,512 |  |  |  | — |  |  |  | 86,512 |
Year ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 24,066,909 |  |  | $ | — |  |  | $ | 24,066,909 |
Net other income (loss) |  |  | 2,684 |  |  |  | (179,645 | ) |  |  | (176,961 | )
Net income (loss) before income taxes |  |  | 2,690,689 |  |  |  | (191,302 | ) |  |  | 2,499,387 |
Depreciation |  |  | 281,760 |  |  |  | — |  |  |  | 281,760 |
Capital expenditures |  |  | 18,374 |  |  |  | — |  |  |  | 18,374 |
Year ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 18,665,250 |  |  | $ | — |  |  | $ | 18,665,250 |
Net other income |  |  | 2,317 |  |  |  | 260,250 |  |  |  | 262,567 |
Net income (loss) before income taxes |  |  | (425,724 | ) |  |  | 246,736 |  |  |  | (178,988 | )
Depreciation |  |  | 274,479 |  |  |  | — |  |  |  | 274,479 |
Capital expenditures |  |  | 39,159 |  |  |  | — |  |  |  | 39,159 |
Gross identifiable assets at June 30, 2013 |  |  | 23,288,449 |  |  |  | 14,533,555 |  |  |  | 37,822,004 |
Deferred tax asset |  |  |  |  |  |  |  |  |  |  | 873,410 |
Consolidated total assets at June 30, 2013 |  |  |  |  |  |  |  |  |  | $ | 38,695,414 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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