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BUSINESS COMBINATION | 6 Months Ended
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Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract] |
BUSINESS COMBINATION | B USINESS C OMBINATION Effective March 31, 2013, the Company, through USCAN, purchased 50 percent of the issued and outstanding shares of Galileo Global Equity Advisors, Inc., a privately held Toronto-based asset management firm, for $600,000 cash. Effective June 1, 2014, the Company, through USCAN, completed its purchase of an additional 15 percent interest in Galileo from the company's founder, Michael Waring, for $180,000 cash. This strategic investment brings USCAN's ownership to 65 percent of the outstanding shares of Galileo, which represents a controlling interest in Galileo. Prior to June 1, 2014, the Company accounted for the investment in Galileo under the equity method of accounting. After June 1, 2014, Galileo was consolidated with the operations of the Company. Frank Holmes, CEO, and Susan McGee, President and General Counsel, serve as directors of Galileo. Included in other income for the three and six months ending December 31, 2013, is a loss of $8,000 and $15,000, respectively, from the Company's interest in Galileo, accounted for under the equity method of accounting.

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