INVESTMENTS (Tables)

12 Months Ended

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 unrealized 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