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FINANCIAL INFORMATION BY BUSINESS SEGMENT
 3 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 10. FINANCIAL INFORMATION BY BUSINESS SEGMENT

The Company operates principally in three business segments: providing investment management services to USGIF, offshore clients and an ETF client, investment management services in Canada, 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:

(dollars in thousands)
 
Investment
Management
Services
     
Investment
Management
Services - Canada
     
Corporate
Investments
   
Consolidated
 
Three months ended September 30, 2015
                           
Net operating revenues
  $ 1,268   1   $ 330   2   $ -     $ 1,598  
Net other income
  $ -       $ -       $ 534     $ 534  
Income (loss) before income taxes
  $ (1,335 )     $ (45 )     $ 526     $ (854 )
Depreciation and amortization
  $ 64       $ 16       $ -     $ 80  
Capital expenditures
  $ 5       $ -       $ -     $ 5  
Gross identifiable assets at September 30, 2015
  $ 6,259       $ 1,686       $ 20,856     $ 28,801  
Deferred tax asset
                              $ -  
Consolidated total assets at September 30, 2015
                              $ 28,801  
Three months ended September 30, 2014
                                   
Net operating revenues
  $ 2,635   1   $ 662   2   $ -     $ 3,297  
Net other income
  $ -       $ -       $ 220     $ 220  
Income (loss) before income taxes
  $ (384 )     $ 68       $ 220     $ (96 )
Depreciation
  $ 63       $ 20       $ -     $ 83  
Capital expenditures
  $ 35       $ -       $ -     $ 35  

1  
Includes operating revenues from USGIF of $1,176 and $2,588 for the three months ended September 30, 2015 and September 30, 2014, respectively.

2  
Includes operating revenues from Galileo Funds of $267 and $545; and other advisory clients of $61 and $113 for the three months ended September 30, 2015 and September 30, 2014, respectively.