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INVESTMENTS (Tables) | 9 Months Ended
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Mar. 31, 2018
Disclosure Text Block Supplement [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following details the components of the Company’s investments recorded at fair value as of March 31, 2018, and June 30, 2017.
|  | March 31, 2018 |
(dollars in thousands) |  | Cost |  |  | Gains |  |  | (Losses) |  |  | Fair Value |
Trading securities1 |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds - Fixed income |  | $ | 6,785 |  |  | $ | 18 |  |  | $ | (30 | ) |  | $ | 6,773 |
Mutual funds - Domestic equity |  |  | 535 |  |  |  | - |  |  |  | (161 | ) |  |  | 374 |
Other |  |  | 45 |  |  |  | - |  |  |  | (45 | ) |  |  | - |
Offshore fund |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total trading securities |  |  | 7,365 |  |  |  | 18 |  |  |  | (236 | ) |  |  | 7,147 |
Available-for-sale securities2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Common stock - International |  |  | 2,554 |  |  |  | 7,361 |  |  |  | (76 | ) |  |  | 9,839 |
Corporate debt3 |  |  | 1,086 |  |  |  | 625 |  |  |  | - |  |  |  | 1,711 |
Mutual funds - Fixed income |  |  | 1,000 |  |  |  | - |  |  |  | (14 | ) |  |  | 986 |
Mutual funds - Domestic equity |  |  | 394 |  |  |  | 21 |  |  |  | - |  |  |  | 415 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total available-for-sale securities4 |  |  | 5,034 |  |  |  | 8,007 |  |  |  | (90 | ) |  |  | 12,951 |
Total securities at fair value |  | $ | 12,399 |  |  | $ | 8,025 |  |  | $ | (326 | ) |  | $ | 20,098 |
|  | June 30, 2017 |
(dollars in thousands) |  | Cost |  |  | Gains |  |  | (Losses) |  |  | Fair Value |
Trading securities1 |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds - Fixed income |  | $ | 8,884 |  |  | $ | 50 |  |  | $ | (7 | ) |  | $ | 8,927 |
Mutual funds - Domestic equity |  |  | 535 |  |  |  | - |  |  |  | (157 | ) |  |  | 378 |
Other |  |  | 45 |  |  |  | - |  |  |  | (45 | ) |  |  | - |
Offshore fund |  |  | 1,184 |  |  |  | - |  |  |  | (769 | ) |  |  | 415 |
Total trading securities |  |  | 10,648 |  |  |  | 50 |  |  |  | (978 | ) |  |  | 9,720 |
Available-for-sale securities2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  |  | 109 |  |  |  | 4 |  |  |  | - |  |  |  | 113 |
Common stock - International |  |  | 191 |  |  |  | 12 |  |  |  | - |  |  |  | 203 |
Corporate debt3 |  |  | 1,042 |  |  |  | 427 |  |  |  | - |  |  |  | 1,469 |
Mutual funds - Fixed income |  |  | 1,148 |  |  |  | 1 |  |  |  | (5 | ) |  |  | 1,144 |
Mutual funds - Domestic equity |  |  | 394 |  |  |  | 12 |  |  |  | - |  |  |  | 406 |
Other |  |  | 56 |  |  |  | 10 |  |  |  | - |  |  |  | 66 |
Total available-for-sale securities4 |  |  | 2,940 |  |  |  | 466 |  |  |  | (5 | ) |  |  | 3,401 |
Total securities at fair value |  | $ | 13,588 |  |  | $ | 516 |  |  | $ | (983 | ) |  | $ | 13,121 |
1 | Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
2 | Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized.
3 | Corporate debt has stated maturity in 2024, but issuer has issued notice that it intends to redeem early, as discussed below and in Note 12, Subsequent Events.
4 | Net unrealized gains (losses) on available-for-sale securities gross and net of tax as of March 31, 2018, are $7,917 and $6,430, respectively, and as of June 30, 2017, are $461 and $461, respectively.
Gain (Loss) on Investments [Table Text Block] | The following summarizes investment income (loss) reflected in earnings for the periods discussed:
|  | Nine Months Ended |  |  | Three Months Ended |
(dollars in thousands) |  | March 31, |  |  | March 31, |
Investment Income |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Realized gains on sales of available-for-sale securities |  | $ | 31 |  |  | $ | 31 |  |  | $ | - |  |  | $ | - |
Realized losses on sales of trading securities |  |  | (736 | ) |  |  | - |  |  |  | - |  |  |  | - |
Unrealized gains (losses) on trading securities |  |  | 710 |  |  |  | 16 |  |  |  | (36 | ) |  |  | 42 |
Realized foreign currency gains (losses) |  |  | (15 | ) |  |  | (25 | ) |  |  | 4 |  |  |  | (20 | )
Other-than-temporary declines in available-for-sale securities |  |  | - |  |  |  | (16 | ) |  |  | - |  |  |  | - |
Dividend and interest income |  |  | 737 |  |  |  | 657 |  |  |  | 307 |  |  |  | 139 |
Total Investment Income |  | $ | 727 |  |  | $ | 663 |  |  | $ | 275 |  |  | $ | 161 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. The Company reviewed the gross unrealized losses shown as of March 31, 2018, and determined that the losses were not other-than-temporary based on consideration of the nature of the investment and the cause, severity and duration of the loss.
|  | March 31, 2018 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
|  |  |  |  | Gross Unrealized |  |  |  |  |  | Gross Unrealized |  |  |  |  |  | Gross Unrealized |
(dollars in thousands) |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Common stock - International |  |  | 58 |  |  |  | (76 | ) |  |  | - |  |  |  | - |  |  |  | 58 |  |  |  | (76 | )
Corporate debt |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Fixed income |  |  | 986 |  |  |  | (14 | ) |  |  | - |  |  |  | - |  |  |  | 986 |  |  |  | (14 | )
Mutual funds - Domestic equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total available-for-sale securities |  | $ | 1,044 |  |  | $ | (90 | ) |  | $ | - |  |  | $ | - |  |  | $ | 1,044 |  |  | $ | (90 | )
|  | June 30, 2017 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
|  |  |  |  | Gross Unrealized |  |  |  |  |  | Gross Unrealized |  |  |  |  |  | Gross Unrealized |
(dollars in thousands) |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Common stock - International |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate debt |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Fixed income |  |  | - |  |  |  | - |  |  |  | 95 |  |  |  | (5 | ) |  |  | 95 |  |  |  | (5 | )
Mutual funds - Domestic equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total available-for-sale securities |  | $ | - |  |  | $ | - |  |  | $ | 95 |  |  | $ | (5 | ) |  | $ | 95 |  |  | $ | (5 | )
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following presents fair value measurements, as of March 31, 2018, and June 30, 2017, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:
|  | March 31, 2018 |
|  | Quoted Prices |  |  | Significant Other Inputs |  |  | Significant Unobservable Inputs |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Trading securities |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds - Fixed income |  | $ | 6,773 |  |  | $ | - |  |  | $ | - |  |  | $ | 6,773 |
Mutual funds - Domestic equity |  |  | 374 |  |  |  | - |  |  |  | - |  |  |  | 374 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Offshore fund investment measured at net asset value1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total trading securities |  |  | 7,147 |  |  |  | - |  |  |  | - |  |  |  | 7,147 |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Common stock - International |  |  | 9,839 |  |  |  | - |  |  |  | - |  |  |  | 9,839 |
Corporate debt |  |  | 1,711 |  |  |  | - |  |  |  | - |  |  |  | 1,711 |
Mutual funds - Fixed income |  |  | 986 |  |  |  | - |  |  |  | - |  |  |  | 986 |
Mutual funds - Domestic equity |  |  | 415 |  |  |  | - |  |  |  | - |  |  |  | 415 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total available-for-sale securities |  |  | 12,951 |  |  |  | - |  |  |  | - |  |  |  | 12,951 |
Total securities at fair value |  | $ | 20,098 |  |  | $ | - |  |  | $ | - |  |  | $ | 20,098 |
|  | June 30, 2017 |
|  | Quoted Prices |  |  | Significant Other Inputs |  |  | Significant Unobservable Inputs |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Trading securities |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds - Fixed income |  | $ | 8,927 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,927 |
Mutual funds - Domestic equity |  |  | 378 |  |  |  | - |  |  |  | - |  |  |  | 378 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Offshore fund investment measured at net asset value1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 415 |
Total trading securities |  |  | 9,305 |  |  |  | - |  |  |  | - |  |  |  | 9,720 |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  |  | 113 |  |  |  | - |  |  |  | - |  |  |  | 113 |
Common stock - International |  |  | 203 |  |  |  | - |  |  |  | - |  |  |  | 203 |
Corporate debt |  |  | 1,469 |  |  |  | - |  |  |  | - |  |  |  | 1,469 |
Mutual funds - Fixed income |  |  | 1,144 |  |  |  | - |  |  |  | - |  |  |  | 1,144 |
Mutual funds - Domestic equity |  |  | 406 |  |  |  | - |  |  |  | - |  |  |  | 406 |
Other |  |  | 66 |  |  |  | - |  |  |  | - |  |  |  | 66 |
Total available-for-sale securities |  |  | 3,401 |  |  |  | - |  |  |  | - |  |  |  | 3,401 |
Total securities at fair value |  | $ | 12,706 |  |  | $ | - |  |  | $ | - |  |  | $ | 13,121 |
1 | In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Balance Sheets.
Equity Method Investments [Table Text Block] | Summarized income statement information on the Galileo Partners Fund since the Company’s investment is as follows:
Galileo Partners Fund |  |  |
Summary Financial Information |  |  |
For the Period from August 31, 2017 (investment) to March 31, 2018 |
(dollars in thousands) |  |  |
Realized gains on sales of investments |  | $ | 4,467 |
Unrealized gains on investments |  |  | 2,441 |
Fund fees and expenses, including performance fees |  |  | (1,762 | )
Net income of fund |  | $ | 5,146 |
Company's share of income from equity method investment |  | $ | 1,891 |

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