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INVESTMENTS (Tables) | 12 Months Ended
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Jun. 30, 2019
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 June 30, 2019, and 2018. Note that the change in presentation is the result of the adoption of ASU 2016-01.
|  | June 30, 2019 |
(dollars in thousands) |  | Cost |  |  | Unrealized Gains (Losses) |  |  | Fair Value |
Securities at fair value1 |  |  |  |  |  |  |  |  |  |  |  |
Common stock - International |  | $ | 5,641 |  |  | $ | 790 |  |  | $ | 6,431 |
Common stock - Domestic |  |  | 45 |  |  |  | (45 | ) |  |  | - |
Mutual funds - Fixed income |  |  | 8,025 |  |  |  | (4 | ) |  |  | 8,021 |
Mutual funds - Domestic equity |  |  | 929 |  |  |  | (194 | ) |  |  | 735 |
Total securities at fair value |  | $ | 14,640 |  |  | $ | 547 |  |  | $ | 15,187 |
|  | 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 u nrealized and realized gains and losses on securities at fair value are included in earnings in the statement of operations.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | The following summarizes investment income (loss) reflected in earnings for the periods presented.
|  | 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 for the periods presented.
(dollars in thousands) |  | Year Ended June 30, |
Investment Income (Loss) |  | 2019 |  |  | 2018 |
Realized gains (losses) on sales of fair valued securities 1 |  | $ | 23 |  |  | $ | (67 | )
Unrealized gains (losses) on fair valued securities 2 |  |  | (2,406 | ) |  |  | 742 |
Unrealized gains on equity securities without readily determinable fair values |  |  | 617 |  |  |  | - |
Realized foreign currency losses |  |  | (32 | ) |  |  | (59 | )
Impairments in equity investments that do not have readily determinable fair values |  |  | (114 | ) |  |  | - |
Dividend and interest income |  |  | 348 |  |  |  | 888 |
Total Investment Income (Loss) |  | $ | (1,564 | ) |  | $ | 1,504 |
1 | The prior year amounts shown include $736 in realized losses on sales of trading securities and $669 in realized gains on sales of available-for-sale securities for the year ended June 30, 2018. These classifications were used prior to the adoption of ASU 2016-01 effective July 1, 2018.
2 | The prior year amounts shown include $742 in unrealized gains on trading securities for the year ended June 30, 2018 (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 each balance sheet date, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:
|  | June 30, 2019 |
|  |  |  |  |  | Significant |  |  | Significant |  |  |  |  |
|  | Quoted Prices |  |  | Other Inputs |  |  | Unobservable Inputs |  |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Securities at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - International |  | $ | 5,599 |  |  | $ | 832 |  |  | $ | - |  |  | $ | 6,431 |
Common stock - Domestic |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Fixed income |  |  | 8,021 |  |  |  | - |  |  |  | - |  |  |  | 8,021 |
Mutual funds - Domestic equity |  |  | 735 |  |  |  | - |  |  |  | - |  |  |  | 735 |
Total securities at fair value |  | $ | 14,355 |  |  | $ | 832 |  |  | $ | - |  |  | $ | 15,187 |
|  | June 30, 2018 |
|  |  |  |  |  | Significant |  |  | Significant |  |  |  |  |
|  | Quoted Prices |  |  | Other Inputs |  |  | 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 Securities without Readily Determinable Fair Value [Table Text Block] | The carrying value of equity securities without readily determinable fair values has been adjusted as follows during the fiscal year ended June 30, 2019:
|  | Year Ended |
(dollars in thousands) |  | June 30, 2019 |
Carrying amount, beginning of period |  | $ | 2,207 |
Adjustments: |  |  |  |
Purchases |  |  | 250 |
Reclassification to securities at fair value |  |  | (1,499 | )
Impairments |  |  | (114 | )
Other downward adjustments |  |  | (57 | )
Upward adjustments |  |  | 617 |
Carrying amount, end of period |  | $ | 1,404 |
Equity Method Investments [Table Text Block] | Summarized income statement information on the Galileo Partners Fund for the period of the Company’s investment is as follows:
Galileo Partners Fund |  |  |  |
Summary Financial Information |  |  |  |
For the Period from August 31, 2017 (investment) to June 30, 2018 |
(dollars in thousands) |  |  |  |
Realized gains on sales of investments |  | $ | 6,254 |
Decrease in unrealized gains on investments |  |  | (28 | )
Fund fees and expenses, including performance fees |  |  | (1,677 | )
Net income of fund |  | $ | 4,549 |

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