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INVESTMENTS (Tables)

6 Months Ended

Dec. 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 December 31, 2018, and June 30, 2018. Note that the change in presentation is the result of the adoption of ASU 2016-01.

		December 31, 2018
(dollars in thousands)		Cost				Unrealized Gains (Losses)				Fair Value
Securities at fair value1
Common stock - International		$	4,053			$	(1,127	)		$	2,926
Common stock - Domestic			45				(45	)			-
Mutual funds - Fixed income			8,785				13				8,798
Mutual funds - Domestic equity			929				(263	)			666
Total securities at fair value		$	13,812			$	(1,422	)		$	12,390

		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 December 31, 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:

		Six Months Ended								Three Months Ended
(dollars in thousands)		December 31,								December 31,
Investment Income (Loss)		2018				2017				2018				2017
Realized losses on sales of fair valued securities 1		$	-			$	(705	)		$	-			$	(58	)
Unrealized gains (losses) on fair valued securities 2			(4,374	)			746				(3,423	)			60
Realized foreign currency gains (losses)			(25	)			(19	)			(27	)			3
Impairments in equity investments that do not have readily determinable fair values			(86	)			-				(57	)			-
Dividend and interest income			183				430				112				238
Total Investment Income (Loss)		$	(4,302	)		$	452			$	(3,395	)		$	243

¹   The prior year amount shown includes $82 in realized losses on sales of trading securities and $24 in realized gains on sales of available-for-sale securities for the three months ended December 31, 2017, and $736 in realized losses on sales of trading securities and $31 in realized gains on sales of available-for-sale securities for the six months ended December 31, 2017. These classifications were used prior to the adoption of ASU 2016-01 effective July 1, 2018.

²   The prior year amount shown includes $60 and $746 in unrealized gains on trading securities for the three and six months ended December 31, 2017, respectively (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 December 31, 2018, and June 30, 2018, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:

		December 31, 2018
						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		$	2,073			$	853			$	-			$	2,926
Common stock - Domestic			-				-				-				-
Mutual funds - Fixed income			8,798				-				-				8,798
Mutual funds - Domestic equity			666				-				-				666
Total securities at fair value		$	11,537			$	853			$	-			$	12,390

		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 December 31, 2017, is as follows:

Galileo Partners Fund
Summary Financial Information
For the Period from August 31, 2017 (investment) to December 31, 2017
(dollars in thousands)
Realized gains on sales of investments		$	1,921
Unrealized gains on investments			9,612
Fund fees and expenses, including performance fees			(2,810	)
Net income of fund		$	8,723
Company's share of income from equity method investment		$	2,731

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