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FINANCIAL INFORMATION BY BUSINESS SEGMENT
 6 Months Ended
Dec. 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
  
Six months ended December 31, 2016
                        
Net operating revenues
  
$
3,020
    
$
603
    
$
-
    
$
3,623
  
Net other income
  
$
-
    
$
-
    
$
502
    
$
502
  
Income (loss) from continuing operations before income taxes
  
$
(223
)
  
$
30
    
$
492
    
$
299
  
Depreciation and amortization
  
$
119
    
$
8
    
$
-
    
$
127
  
Capital expenditures
  
$
-
    
$
-
    
$
-
    
$
-
  
Gross identifiable assets at December 31, 2016
  
$
6,438
    
$
1,582
    
$
18,482
    
$
26,502
  
Deferred tax asset
                          
$
-
  
Consolidated total assets at December 31, 2016
                    
$
26,502
  
Six months ended December 31, 2015
                                
Net operating revenues
  
$
1,916
    
$
623
    
$
-
    
$
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
  
Three months ended December 31, 2016
                                
Net operating revenues
  
$
1,339
    
$
303
    
$
-
    
$
1,642
  
Net other income
  
$
-
    
$
-
    
$
249
    
$
249
  
Income (loss) from continuing operations before income taxes
  
$
(275
)
  
$
33
    
$
257
    
$
15
  
Depreciation and amortization
  
$
59
    
$
4
    
$
-
    
$
63
  
Capital expenditures
  
$
-
    
$
-
    
$
-
    
$
-
  
Three months ended December 31, 2015
                                
Net operating revenues
  
$
996
    
$
293
    
$
-
    
$
1,289
  
Net other loss
  
$
-
    
$
-
    
$
(271
)
  
$
(271
)
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
  

Net operating revenues from investment management services include revenues from USGIF of $1.2 million and $2.8 million, respectively, for the three and six months ended December 31, 2016, and $902,000 and $1.7 million, respectively, for the three and six months ended December 31, 2015. The loss from discontinued operations in investment management services includes revenues from USGIF of $261,000 and $608,000 for the three and six months ended December 31, 2015.

Net operating revenues from investment management services in Canada includes revenues from Galileo funds of $223,000 and $448,000, respectively, for the three and six months ended December 31, 2016, and $229,000 and $496,000, respectively, for the three and six months ended December 31, 2015, and from other significant advisory clients of $78,000 and $148,000, respectively, for the three and six months ended December 31, 2016, and $62,000 and $123,000, respectively, for the three and six months ended December 31, 2015.