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INVESTMENTS (Tables)

3 Months Ended

Sep. 30, 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 September 30, 2018, and June 30, 2018. Note that the change in presentation is the result of the adoption of ASU 2016-01.

		September 30, 2018
(dollars in thousands)		Cost				Unrealized Gains (Losses)				Fair Value
Securities at fair value1
Common stock - International		$	2,554			$	2,151			$	4,705
Common stock - Domestic			45				(45	)			-
Mutual funds - Fixed income			8,785				5				8,790
Mutual funds - Domestic equity			929				(109	)			820
Total securities at fair value		$	12,313			$	2,002			$	14,315

		June 30, 2018
(dollars in thousands)		Cost				Unrealized Gains				Unrealized (Losses)				Fair Value
Trading securities1
Mutual funds - Fixed income		$	7,785			$	22			$	-			$	7,807
Mutual funds - Domestic equity			535				-				(163	)			372
Other			45				-				(45	)			-
Total trading securities			8,365				22				(208	)			8,179
Available-for-sale securities2
Common stock - International			2,554				3,213				(94	)			5,673
Mutual funds - Fixed income			1,000				-				(9	)			991
Mutual funds - Domestic equity			394				28				-				422
Total available-for-sale securities3			3,948				3,241				(103	)			7,086
Total securities at fair value		$	12,313			$	3,263			$	(311	)		$	15,265

¹   Changes in unrealized and realized gains and losses on securities at fair value are included in earnings in the statement of operations.

¹   Prior to July 1, 2018, changes in unrealized and realized gains and losses on trading securities were included in earnings in the statement of operations.

²   Prior to July 1, 2018, changes in unrealized gains and losses on available-for-sale securities were excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized.

³   Net unrealized gains on available-for-sale securities gross and net of tax as of June 30, 2018, were $3,138 and $2,089, respectively.

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

The following table shows 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 were in a continuous unrealized loss position as of June 30, 2018. No disclosures are required as of September 30, 2018, due the adoption of ASU 2016-01.

		June 30, 2018
		Less Than 12 Months								12 Months or Greater								Total
						Gross								Gross								Gross
						Unrealized								Unrealized								Unrealized
(dollars in thousands)		Fair Value				Losses				Fair Value				Losses				Fair Value				Losses
Available-for-sale securities
Common stock - International		$	39			$	(94	)		$	-			$	-			$	39			$	(94	)
Mutual funds - Fixed income			991				(9	)			-				-				991				(9	)
Total available-for-sale securities with unrealized losses		$	1,030			$	(103	)		$	-			$	-			$	1,030			$	(103	)

Gain (Loss) on Securities [Table Text Block]

The following summarizes investment income (loss) reflected in earnings:

		Three Months Ended
(dollars in thousands)		September 30,
Investment Income (Loss)		2018				2017
Realized losses on sales of fair valued securities 1		$	-			$	(647	)
Unrealized gains (losses) on fair valued securities 2			(951	)			686
Realized foreign currency gains (losses)			2				(22	)
Impairments in equity investments that do not have readily determinable fair values			(29	)			-
Dividend and interest income			71				192
Total Investment Income (Loss)		$	(907	)		$	209

¹   The prior year amount shown includes $654 in realized losses on sales of trading securities and $7 in realized gains on sales of available-for-sale securities for the three months ended September 30, 2017. These classifications were used prior to the adoption of ASU 2016-01 effective July 1, 2018.

²   The prior year amount shown includes $686 in unrealized gains on trading securities for the three months ended September 30, 2017 (classification used prior to the adoption of ASU 2016-01 effective July 1, 2018).

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following presents fair value measurements, as of September 30, 2018, and June 30, 2018, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:

		September 30, 2018
		Quoted Prices				Significant Other Inputs				Significant Unobservable Inputs
(dollars in thousands)		(Level 1)				(Level 2)				(Level 3)				Total
Securities at fair value
Common stock - International		$	4,705			$	-			$	-			$	4,705
Common stock - Domestic			-				-				-				-
Mutual funds - Fixed income			8,790				-				-				8,790
Mutual funds - Domestic equity			820				-				-				820
Total securities at fair value		$	14,315			$	-			$	-			$	14,315

		June 30, 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		$	7,807			$	-			$	-			$	7,807
Mutual funds - Domestic equity			372				-				-				372
Other			-				-				-				-
Total trading securities			8,179				-				-				8,179
Available-for-sale securities
Common stock - International			5,673				-				-				5,673
Mutual funds - Fixed income			991				-				-				991
Mutual funds - Domestic equity			422				-				-				422
Total available-for-sale securities			7,086				-				-				7,086
Total securities at fair value		$	15,265			$	-			$	-			$	15,265

Equity Method Investments [Table Text Block]

Summarized income statement information on the Galileo Partners Fund for the period of the Company’s investment through September 30, 2017, is as follows:

Galileo Partners Fund
Summary Financial Information
For the Period from August 31, 2017 (investment) to September 30, 2017
(dollars in thousands)
Realized gains on sales of investments		$	154
Unrealized gains on investments			6,102
Fund fees and expenses, including performance fees			(1,432	)
Net income of fund		$	4,824
Company's share of income from equity method investment		$	1,513

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