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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The Company's components of income (loss) before tax by jurisdiction are as follows:

		Year ended June 30,
(dollars in thousands)		2019				2018
United States		$	(1,613	)		$	(645	)
Canada			(2,803	)			1,531
Total		$	(4,416	)		$	886

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation of income tax computed at U.S. federal statutory rates to income tax expense is as follows:

(dollars in thousands)		2019				% of Pretax				2018				% of Pretax
Tax expense (benefit) at statutory rate		$	(927	)			21.0	%		$	244				27.6	%
Tax benefit from change in foreign unrealized gain			(679	)			15.4	%			-				0.0	%
Change in valuation allowance			394				(8.9	)%			(1,498	)			(169.2	)%
Rate difference on foreign deferred income			327				(7.4	)%			13				1.5	%
Rate difference on foreign income			(154	)			3.5	%			(16	)			(1.8	)%
Nondeductible meals and entertainment			13				(0.3	)%			27				3.1	%
Canadian withholding tax			5				(0.1	)%			63				7.1	%
Income from controlled foreign corporation			5				(0.1	)%			377				42.6	%
Non-taxable investment income			(3	)			0.1	%			(284	)			(32.2	)%
Tax on deemed repatriation			-				0.0	%			17				1.9	%
Rate changes			-				0.0	%			1,217				137.5	%
Other			42				(1.1	)%			37				4.1	%
Total tax expense (benefit)		$	(977	)			22.1	%		$	197				22.2	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Components of total tax expense (benefit) are as follows:

		Year ended June 30,
(dollars in thousands)		2019				2018
Current tax expense - U.S. Federal		$	4			$	5
Current tax expense (benefit) - Non-U.S.			(15	)			142
Deferred tax expense - U.S. Federal			-				-
Deferred tax expense (benefit) - Non-U.S.			(966	)			50
Total tax expense (benefit)		$	(977	)		$	197

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Components of the Company’s deferred assets and liabilities are as follows:

		June 30,
(dollars in thousands)		2019				2018
Book/tax differences in the balance sheet
Investments in securities at fair value		$	(99	)		$	(1,058	)
Prepaid expenses			(45	)			(45	)
Accumulated depreciation			169				162
Other investments			(124	)			45
Equity method investments			(6	)			13
Accrued expenses			78				146
Product start-up costs			60				60
Stock-based compensation expense			4				4
Other			(59	)			(73	)
Tax Carryovers
Net operating loss carryover			1,693				1,069
Charitable contributions carryover			8				14
Capital loss carryover			249				231
Valuation Allowance			(2,061	)			(1,667	)
Net deferred tax liability		$	(133	)		$	(1,099	)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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