XML 29 R16.htm IDEA: XBRL DOCUMENT
v3.3.1.900

FINANCIAL INFORMATION BY BUSINESS SEGMENT | 6 Months Ended
--- | ---
Dec. 31, 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 |
Six months ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 1,916 |  | 1 |  | $ | 623 |  | 2 |  | $ | - |  |  | $ | 2,539 |
Net other income |  | $ | - |  |  |  | $ | - |  |  |  | $ | 263 |  |  | $ | 263 |
Income (loss) from continuing operations before income taxes |  | $ | (3,216 | ) |  |  | $ | (89 | ) |  |  | $ | 257 |  |  | $ | (3,048 | )
Loss from discontinued operations |  | $ | (18 | ) |  |  | $ | - |  |  |  | $ | - |  |  | $ | (18 | )
Depreciation and amortization |  | $ | 128 |  |  |  | $ | 32 |  |  |  | $ | - |  |  | $ | 160 |
Capital expenditures |  | $ | 13 |  |  |  | $ | - |  |  |  | $ | - |  |  | $ | 13 |
Gross identifiable assets at December 31, 2015 |  | $ | 5,224 |  |  |  | $ | 1,607 |  |  |  | $ | 20,403 |  |  | $ | 27,234 |
Deferred tax asset |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | - |
Consolidated total assets at December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 27,234 |
Six months ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 3,304 |  | 1 |  | $ | 1,181 |  | 2 |  | $ | - |  |  | $ | 4,485 |
Net other income |  | $ | - |  |  |  | $ | - |  |  |  | $ | 273 |  |  | $ | 273 |
Income (loss) from continuing operations before income taxes |  | $ | (1,206 | ) |  |  | $ | 43 |  |  |  | $ | 270 |  |  | $ | (893 | )
Loss from discontinued operations |  | $ | (42 | ) |  |  | $ | - |  |  |  | $ | - |  |  | $ | (42 | )
Depreciation |  | $ | 126 |  |  |  | $ | 38 |  |  |  | $ | - |  |  | $ | 164 |
Capital expenditures |  | $ | 40 |  |  |  | $ | - |  |  |  | $ | - |  |  | $ | 40 |
Three months ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 996 |  | 3 |  | $ | 293 |  | 4 |  | $ | - |  |  | $ | 1,289 |
Net other loss |  | $ | - |  |  |  | $ | - |  |  |  | $ | (271 | ) |  | $ | (271 | )
Income (loss) from continuing operations before income taxes |  | $ | (1,873 | ) |  |  | $ | (44 | ) |  |  | $ | (270 | ) |  | $ | (2,187 | )
Loss from discontinued operations |  | $ | (25 | ) |  |  | $ | - |  |  |  | $ | - |  |  | $ | (25 | )
Depreciation and amortization |  | $ | 64 |  |  |  | $ | 16 |  |  |  | $ | - |  |  | $ | 80 |
Capital expenditures |  | $ | 8 |  |  |  | $ | - |  |  |  | $ | - |  |  | $ | 8 |
Three months ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 1,339 |  | 3 |  | $ | 519 |  | 4 |  | $ | - |  |  | $ | 1,858 |
Net other income |  | $ | - |  |  |  | $ | - |  |  |  | $ | 53 |  |  | $ | 53 |
Income (loss) from continuing operations before income taxes |  | $ | (810 | ) |  |  | $ | (25 | ) |  |  | $ | 51 |  |  | $ | (784 | )
Loss from discontinued operations |  | $ | (54 | ) |  |  | $ | - |  |  |  | $ | - |  |  | $ | (54 | )
Depreciation |  | $ | 63 |  |  |  | $ | 18 |  |  |  | $ | - |  |  | $ | 81 |
Capital expenditures |  | $ | 5 |  |  |  | $ | - |  |  |  | $ | - |  |  | $ | 5 |
1 | Includes operating revenues from USGIF of $1,730 and $3,226 for the six months ended December 31, 2015, and December 31, 2014, respectively.
2 | Includes operating revenues from Galileo mutual funds of $496 and $975 for the six months ended December 31, 2015, and December 31, 2014, respectively.
3 | Includes operating revenues from USGIF of $902 and $1,308 for the three months ended December 31, 2015, and December 31, 2014, respectively.
4 | Includes operating revenues from Galileo mutual funds of $229 and $430 for the three months ended December 31, 2015, and December 31, 2014, respectively.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration