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INVESTMENTS (Tables) | 3 Months Ended
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Sep. 30, 2013
Investments All Other Investments [Abstract] |
Market Value, Cost, and Unrealized Gain or Loss on Investments | The following summarizes the market value, cost, and unrealized gain or loss on investments as of September 30, 2013, and June 30, 2013.
Securities |  | Market Value |  |  | Cost |  |  | Unrealized Gain (Loss) |  |  | Unrealized holding gains on available-for- sale securities, net of tax |
Trading¹ |  | $ | 4,866,924 |  |  | $ | 5,457,989 |  |  | $ | (591,065 | ) |  |  | N/A |
Available-for-sale² |  |  | 8,223,809 |  |  |  | 7,536,833 |  |  |  | 686,976 |  |  | $ | 453,404 |
Total at September 30, 2013 |  | $ | 13,090,733 |  |  | $ | 12,994,822 |  |  | $ | 95,911 |  |  |  |  |
Trading¹ |  | $ | 4,758,220 |  |  | $ | 5,457,989 |  |  | $ | (699,769 | ) |  |  | N/A |
Available-for-sale² |  |  | 9,053,111 |  |  |  | 8,064,902 |  |  |  | 988,209 |  |  | $ | 652,218 |
Total at June 30, 2013 |  | $ | 13,811,331 |  |  | $ | 13,522,891 |  |  | $ | 288,440 |  |  |  |  |
¹Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
²Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized.
Components of Company's Available-for-Sale Investments | The following details the components of the Company’s available-for-sale investments as of September 30, 2013, and June 30, 2013.
|  | September 30, 2013 (in thousands) |  |  |
|  |  |  |  | Gross Unrealized |  |  |  |  |  |
|  | Cost |  |  | Gains |  |  | (Losses) |  |  | Market Value |  |  |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 842 |  |  | $ | 900 |  |  | $ | (3 | ) |  | $ | 1,739 |  |  |
Venture capital investments |  |  | 168 |  |  |  | - |  |  |  | (5 | ) |  |  | 163 |  |  |
Offshore fund |  |  | 5,000 |  |  |  | - |  |  |  | (222 | ) |  |  | 4,778 |  |  |
Mutual funds |  |  | 1,527 |  |  |  | 20 |  |  |  | (3 | ) |  |  | 1,544 |  |  |
Total available-for-sale securities |  | $ | 7,537 |  |  | $ | 920 |  |  | $ | (233 | ) |  | $ | 8,224 |  |  |
|  | June 30, 2013 (in thousands) |  |  |
|  |  |  |  | Gross Unrealized |  |  |  |  |  |
|  | Cost |  |  | Gains |  |  | (Losses) |  |  | Market Value |  |  |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 870 |  |  | $ | 529 |  |  | $ | (5 | ) |  | $ | 1,394 |  |  |
Venture capital investments |  |  | 168 |  |  |  | - |  |  |  | (5 | ) |  |  | 163 |  |  |
Offshore fund |  |  | 5,000 |  |  |  | - |  |  |  | (288 | ) |  |  | 4,712 |  |  |
Mutual funds |  |  | 2,027 |  |  |  | 760 |  |  |  | (3 | ) |  |  | 2,784 |  |  |
Total available-for-sale securities |  | $ | 8,065 |  |  | $ | 1,289 |  |  | $ | (301 | ) |  | $ | 9,053 |  |  |
Summary of Gross Unrealized Losses and Fair Values of Available-for-Sale Investment Securities | The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
|  | September 30, 2013 (in thousands) |
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
|  |  |  |  | Gross |  |  |  |  |  | Gross |  |  |  |  |  | Gross |
|  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |
|  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 97 |  |  | $ | (3 | ) |  | $ | - |  |  | $ | - |  |  | $ | 97 |  |  | $ | (3 | )
Venture capital investments |  |  | 163 |  |  |  | (5 | ) |  |  | - |  |  |  | - |  |  |  | 163 |  |  |  | (5 | )
Offshore fund |  |  | - |  |  |  | - |  |  |  | 4,778 |  |  |  | (222 | ) |  |  | 4,778 |  |  |  | (222 | )
Mutual funds |  |  | 4 |  |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | (3 | )
Total available-for-sale securities |  | $ | 264 |  |  | $ | (11 | ) |  | $ | 4,778 |  |  | $ | (222 | ) |  | $ | 5,042 |  |  | $ | (233 | )
|  | June 30, 2013 (in thousands) |
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
|  |  |  |  | Gross |  |  |  |  |  | Gross |  |  |  |  |  | Gross |
|  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |
|  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 95 |  |  | $ | (5 | ) |  | $ | - |  |  | $ | - |  |  | $ | 95 |  |  | $ | (5 | )
Venture capital investments |  |  | 163 |  |  |  | (5 | ) |  |  | - |  |  |  | - |  |  |  | 163 |  |  |  | (5 | )
Offshore fund |  |  | - |  |  |  | - |  |  |  | 4,712 |  |  |  | (288 | ) |  |  | 4,712 |  |  |  | (288 | )
Mutual funds |  |  | 3 |  |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | 3 |  |  |  | (3 | )
Total available-for-sale securities |  | $ | 261 |  |  | $ | (13 | ) |  | $ | 4,712 |  |  | $ | (288 | ) |  | $ | 4,973 |  |  | $ | (301 | )
Investment Income (Loss) Reflected in Earnings | The following summarizes investment income reflected in earnings for the periods discussed:
Investment Income |  | Three Months Ended September 30, |
|  | 2013 |  |  | 2012 |
Realized gains on sales of available-for-sale securities |  | $ | 875,346 |  |  | $ | - |
Unrealized gains on trading securities |  |  | 108,704 |  |  |  | 171,581 |
Realized foreign currency gains (losses) |  |  | 4,979 |  |  |  | (25 | )
Dividend and interest income |  |  | 71,621 |  |  |  | 29,095 |
Total Investment Income |  | $ | 1,060,650 |  |  | $ | 200,651 |

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27337-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27198-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 + Details
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- Definition Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.M) -URI http://asc.fasb.org/extlink&oid=27011274&loc=d3e87990-122713 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (c)-(e) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section M + Details
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