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FINANCIAL INFORMATION BY BUSINESS SEGMENT
 9 Months Ended
Mar. 31, 2017
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, 2017
                        
Net operating revenues
  
$
4,405
    
$
887
    
$
-
    
$
5,292
  
Net other income
  
$
-
    
$
-
    
$
663
    
$
663
  
Income (loss) from continuing operations before income taxes
  
$
(413
)
  
$
36
    
$
646
    
$
269
  
Depreciation and amortization
  
$
179
    
$
12
    
$
-
    
$
191
  
Capital expenditures
  
$
-
    
$
-
    
$
-
    
$
-
  
Gross identifiable assets at March 31, 2017
  
$
6,027
    
$
1,606
    
$
18,403
    
$
26,036
  
Deferred tax asset
                          
$
-
  
Consolidated total assets at March 31, 2017
                          
$
26,036
  
Nine months ended March 31, 2016
                                
Net operating revenues
  
$
2,990
    
$
879
    
$
-
    
$
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
  
Three months ended March 31, 2017
                                
Net operating revenues
  
$
1,384
    
$
285
    
$
-
    
$
1,669
  
Net other income
  
$
-
    
$
-
    
$
161
    
$
161
  
Income (loss) from continuing operations before income taxes
  
$
(190
)
  
$
6
    
$
154
    
$
(30
)
Depreciation and amortization
  
$
60
    
$
4
    
$
-
    
$
64
  
Capital expenditures
  
$
-
    
$
-
    
$
-
    
$
-
  
Three months ended March 31, 2016
                                
Net operating revenues
  
$
1,075
    
$
255
    
$
-
    
$
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
  
$
-
    
$
-
    
$
-
    
$
-
  

Net operating revenues from investment management services include revenues from USGIF of $1.3 million and $4.1 million, respectively, for the three and nine months ended March 31, 2017, and $977,000 and $2.7 million, respectively, for the three and nine months ended March 31, 2016. The loss from discontinued operations in investment management services includes revenues from USGIF of $608,000 for the nine months ended March 31, 2016.

Net operating revenues from investment management services in Canada includes revenues from Galileo funds of $215,000 and $663,000, respectively, for the three and nine months ended March 31, 2017, and $193,000 and $689,000, respectively, for the three and nine months ended March 31, 2016, and from other significant advisory clients of $66,000 and $214,000, respectively, for the three and nine months ended March 31, 2017, and $60,000 and $183,000, respectively, for the three and nine months ended March 31, 2016.