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FINANCIAL INFORMATION BY BUSINESS SEGMENT | 12 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | NOTE 17. FINANCIAL INFORMATION BY BUSINESS SEGMENT The Company manages the following business segments:
1. | Investment management services, by which the Company offers, through USGIF, offshore clients, and an ETF client a range of investment management products and services to meet the needs of individual and institutional investors;
2. | Investment management services - Canada, through which, as of June 1, 2014, the Company owns a 65% controlling interest in Galileo, a privately held Toronto-based asset management firm which offers investment management products and services in Canada; and
3. | Corporate investments, through which the Company invests for its own account in an effort to add growth and value to its cash position. Although the Company generates the majority of its revenues from its investment advisory segments, the Company holds a significant amount of its total assets in investments.
The following schedule details total revenues and income by business segment and certain amounts have been reclassified for comparative purposes:
(dollars in thousands) |  | Investment Management Services |  |  | Investment Management Services - Canada |  |  | Corporate Investments |  |  | Consolidated |
Year ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 4,341 |  |  | $ | 1,164 |  |  | $ | - |  |  | $ | 5,505 |
Net other income |  | $ | - |  |  | $ | 35 |  |  | $ | 450 |  |  | $ | 485 |
Income (loss) from continuing operations before income taxes |  | $ | (4,018 | ) |  | $ | (122 | ) |  | $ | 449 |  |  | $ | (3,691 | )
Loss from discontinued operations |  | $ | (18 | ) |  | $ | - |  |  | $ | - |  |  | $ | (18 | )
Depreciation and amortization |  | $ | 255 |  |  | $ | 61 |  |  | $ | - |  |  | $ | 316 |
Capital expenditures |  | $ | 13 |  |  | $ | - |  |  | $ | - |  |  | $ | 13 |
Gross identifiable assets at June 30, 2016 |  | $ | 5,973 |  |  | $ | 1,618 |  |  | $ | 18,755 |  |  | $ | 26,346 |
Deferred tax asset |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | - |
Consolidated total assets at June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 26,346 |
Year ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 5,326 |  |  | $ | 2,007 |  |  | $ | - |  |  | $ | 7,333 |
Net other income |  | $ | - |  |  | $ | 102 |  |  | $ | 332 |  |  | $ | 434 |
Income (loss) from continuing operations before income taxes |  | $ | (3,473 | ) |  | $ | 111 |  |  | $ | 289 |  |  | $ | (3,073 | )
Loss from discontinued operations |  | $ | (81 | ) |  | $ | - |  |  | $ | - |  |  | $ | (81 | )
Depreciation and amortization |  | $ | 253 |  |  | $ | 74 |  |  | $ | - |  |  | $ | 327 |
Capital expenditures |  | $ | 40 |  |  | $ | - |  |  | $ | - |  |  | $ | 40 |
Year ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 8,300 |  |  | $ | 234 |  |  | $ | - |  |  | $ | 8,534 |
Net other income (loss) |  | $ | - |  |  | $ | (12 | ) |  | $ | 2,177 |  |  | $ | 2,165 |
Income (loss) from continuing operations before income taxes |  | $ | (3,301 | ) |  | $ | 19 |  |  | $ | 2,170 |  |  | $ | (1,112 | )
Loss from discontinued operations |  | $ | (326 | ) |  | $ | - |  |  | $ | - |  |  | $ | (326 | )
Depreciation and amortization |  | $ | 252 |  |  | $ | 7 |  |  | $ | - |  |  | $ | 259 |
Capital expenditures |  | $ | 30 |  |  | $ | - |  |  | $ | - |  |  | $ | 30 |
Net operating revenues from investment management services include revenues from USGIF of $4.0 million; $5.2 million; and $8.1 million in fiscal years 2016, 2015, and 2014, respectively. The loss from discontinued operations in investment management services includes revenues from USGIF of $608,000; $2.0 million; and $3.4 million in fiscal years 2016, 2015, and 2014, respectively. Net operating revenues from investment management services in Canada includes revenues from Galileo funds of $900,000; $1.6 million; and $184,000 in fiscal years 2016, 2015, and 2014, respectively, and other significant advisory clients of $254,000; $354,000; and $48,000 in fiscal years 2016, 2015, and 2014, respectively.

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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 Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 Reference 5: 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=68060357&loc=d3e8380-108599 Reference 6: 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=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 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=68060357&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 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: 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=68060357&loc=d3e9054-108599 Reference 11: 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=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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