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FINANCIAL INFORMATION BY BUSINESS SEGMENT | 12 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | NOTE 1 5. FINANCIAL INFORMATION BY BUSINESS SEGMENT The Company manages the following business segments:
| 1. | Investment management services, by which the Company offers, to USGIF, offshore clients, and ETF clients, a range of investment management products and services to meet the needs of individual and institutional investors;
| 2. | Investment management services - Canada, through which the Company owns a 65 percent controlling interest in Galileo, a privately held Toronto-based asset management firm which offers investment management products and services in Canada; and
| 3. | Corporate investments, through which the Company invests for its own account in an effort to add growth and value to its cash position. Although the Company generates the majority of its revenues from its investment advisory segments, the Company holds a significant amount of its total assets in investments.
The following schedule details total revenues and income by business segment; certain amounts have been reclassified for comparative purposes:
(dollars in thousands) |  | Investment Management Services |  |  | Investment Management Services - Canada |  |  | Corporate Investments |  |  | Consolidated |
Year ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 4,837 |  |  | $ | 1,424 |  |  | $ | - |  |  | $ | 6,261 |
Investment income |  | $ | - |  |  | $ | 21 |  |  | $ | 1,483 |  |  | $ | 1,504 |
Income from equity method investments |  | $ | - |  |  | $ | - |  |  | $ | 1,624 |  |  | $ | 1,624 |
Other income |  | $ | 31 |  |  | $ | 15 |  |  | $ | - |  |  | $ | 46 |
Income (loss) before income taxes |  | $ | (1,941 | ) |  | $ | 97 |  |  | $ | 2,730 |  |  | $ | 886 |
Depreciation and amortization |  | $ | 229 |  |  | $ | 12 |  |  | $ | - |  |  | $ | 241 |
Capital expenditures |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Gross identifiable assets at June 30, 2018 |  | $ | 7,878 |  |  | $ | 1,812 |  |  | $ | 19,242 |  |  | $ | 28,932 |
Deferred tax asset |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | - |
Consolidated total assets at June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 28,932 |
Year ended June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 5,663 |  |  | $ | 1,100 |  |  | $ | - |  |  | $ | 6,763 |
Investment income |  | $ | - |  |  | $ | 3 |  |  | $ | 343 |  |  | $ | 346 |
Income (loss) before income taxes |  | $ | (763 | ) |  | $ | (89 | ) |  | $ | 325 |  |  | $ | (527 | )
Depreciation and amortization |  | $ | 238 |  |  | $ | 15 |  |  | $ | - |  |  | $ | 253 |
Capital expenditures |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Net operating revenues from investment management services include revenues from USGIF of $4.1 million and $5.2 million in fiscal years 2018 and 2017, respectively. Net operating revenues from investment management services also include operating revenues from ETF clients of $701,000 and $357,000 in fiscal years 2018 and 2017, respectively. Net operating revenues from investment management services in Canada includes revenues from Galileo funds of $1.4 million and $866,000 in fiscal years 2018 and 2017, respectively, and from other significant advisory clients of $220,000 in fiscal year 2017.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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