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FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)
 6 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block] 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.