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FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company operates principally in three business segments: providing investment management services to USGIF, offshore clients and ETF clients; investment management services in Canada; and investing for its own account in an effort to add growth and value to its cash position. The following schedule details total revenues and income by business segment:

(dollars in thousands)		Investment Management Services				Investment Management Services - Canada				Corporate Investments				Consolidated
Six months ended December 31, 2018
Net operating revenues		$	1,837			$	1,185			$	-			$	3,022
Investment income (loss)		$	-			$	29			$	(4,331	)		$	(4,302	)
Loss from equity method investments		$	-			$	-			$	(55	)		$	(55	)
Other income		$	19			$	7			$	-			$	26
Income (loss) before income taxes		$	(1,211	)		$	334			$	(4,459	)		$	(5,336	)
Depreciation and amortization		$	110			$	5			$	-			$	115
Capital expenditures		$	-			$	-			$	-			$	-
Gross identifiable assets at December 31, 2018		$	5,598			$	2,329			$	15,256			$	23,183
Deferred tax asset														$	38
Consolidated total assets at December 31, 2018														$	23,221
Six months ended December 31, 2017
Net operating revenues		$	2,514			$	969			$	-			$	3,483
Investment income (loss)		$	-			$	-			$	452			$	452
Income from equity method investments		$	-			$	-			$	2,731			$	2,731
Other income		$	7			$	10			$	-			$	17
Income (loss) before income taxes		$	(915	)		$	305			$	3,182			$	2,572
Depreciation and amortization		$	116			$	6			$	-			$	122
Capital expenditures		$	-			$	-			$	-			$	-
Three months ended December 31, 2018
Net operating revenues		$	793			$	1,006			$	-			$	1,799
Investment income (loss)		$	-			$	35			$	(3,430	)		$	(3,395	)
Loss from equity method investments		$	-			$	-			$	(48	)		$	(48	)
Other income		$	15			$	2			$	-			$	17
Income (loss) before income taxes		$	(805	)		$	571			$	(3,514	)		$	(3,748	)
Depreciation and amortization		$	55			$	2			$	-			$	57
Capital expenditures		$	-			$	-			$	-			$	-
Three months ended December 31, 2017
Net operating revenues		$	1,242			$	751			$	-			$	1,993
Investment income		$	-			$	-			$	243			$	243
Income from equity method investments		$	-			$	-			$	1,218			$	1,218
Other income		$	4			$	10			$	-			$	14
Income (loss) before income taxes		$	(515	)		$	381			$	1,460			$	1,326
Depreciation and amortization		$	58			$	3			$	-			$	61
Capital expenditures		$	-			$	-			$	-			$	-

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 280
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