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FINANCIAL INFORMATION BY BUSINESS SEGMENT
 9 Months Ended
Mar. 31, 2016
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
 
Nine months ended March 31, 2016
                           
Net operating revenues
  $ 2,990   1   $ 879   2   $ -     $ 3,869  
Net other income
  $ -       $ -       $ 411     $ 411  
Income (loss) from continuing operations before income taxes
  $ (3,727 )     $ (130 )     $ 417     $ (3,440 )
Loss from discontinued operations
  $ (18 )     $ -       $ -     $ (18 )
Depreciation and amortization
  $ 192       $ 48       $ -     $ 240  
Capital expenditures
  $ 13       $ -       $ -     $ 13  
Gross identifiable assets at March 31, 2016
  $ 4,652       $ 1,664       $ 20,363     $ 26,679  
Deferred tax asset
                              $ -  
Consolidated total assets at March 31, 2016
                        $ 26,679  
Nine months ended March 31, 2015
                                   
Net operating revenues
  $ 4,281   1   $ 1,594   2   $ -     $ 5,875  
Net other income
  $ -       $ -       $ 522     $ 522  
Income (loss) from continuing operations before income taxes
  $ (2,333 )     $ 3       $ 515     $ (1,815 )
Loss from discontinued operations
  $ (88 )     $ -       $ -     $ (88 )
Depreciation and amortization
  $ 190       $ 56       $ -     $ 246  
Capital expenditures
  $ 40       $ -       $ -     $ 40  
Three months ended March 31, 2016
                                   
Net operating revenues
  $ 1,075   3   $ 255   4   $ -     $ 1,330  
Net other income
  $ -       $ -       $ 148     $ 148  
Income (loss) from continuing operations before income taxes
  $ (511 )     $ (41 )     $ 160     $ (392 )
Loss from discontinued operations
  $ -       $ -       $ -     $ -  
Depreciation and amortization
  $ 64       $ 16       $ -     $ 80  
Capital expenditures
  $ -       $ -       $ -     $ -  
Three months ended March 31, 2015
                                   
Net operating revenues
  $ 976   3   $ 413   4   $ -     $ 1,389  
Net other income
  $ -       $ -       $ 249     $ 249  
Income (loss) from continuing operations before income taxes
  $ (1,128 )     $ (39 )     $ 245     $ (922 )
Loss from discontinued operations
  $ (46 )     $ -       $ -     $ (46 )
Depreciation and amortization
  $ 63       $ 18       $ -     $ 81  
Capital expenditures
  $ -       $ -       $ -     $ -  

1 
Includes operating revenues from USGIF of $2,707 and $4,178 for the nine months ended March 31, 2016, and March 31, 2015, respectively.

2
Includes operating revenues from Galileo mutual funds of $689 and $1,307 for the nine months ended March 31, 2016, and March 31, 2015, respectively.

3
Includes operating revenues from USGIF of $977 and $952 for the three months ended March 31, 2016, and March 31, 2015, respectively.

4
Includes operating revenues from Galileo mutual funds of $193 and $332 for the three months ended March 31, 2016, and March 31, 2015, respectively.