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Financial Information by Business Segment
 12 Months Ended
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