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INVESTMENTS (Tables) | 9 Months Ended
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Mar. 31, 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 March 31, 2019, and June 30, 2018. Note that the change in presentation is the result of the adoption of ASU 2016-01.
|  | March 31, 2019 |
(dollars in thousands) |  | Cost |  |  | Unrealized Gains (Losses) |  |  | Fair Value |
Securities at fair value1 |  |  |  |  |  |  |  |  |  |  |  |
Common stock - International |  | $ | 5,641 |  |  | $ | 812 |  |  | $ | 6,453 |
Common stock - Domestic |  |  | 45 |  |  |  | (45 | ) |  |  | - |
Mutual funds - Fixed income |  |  | 8,285 |  |  |  | 3 |  |  |  | 8,288 |
Mutual funds - Domestic equity |  |  | 929 |  |  |  | (204 | ) |  |  | 725 |
Total securities at fair value |  | $ | 14,900 |  |  | $ | 566 |  |  | $ | 15,466 |
|  | 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 March 31, 2019, 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:
|  | Nine Months Ended |  |  | Three Months Ended |
(dollars in thousands) |  | March 31, |  |  | March 31, |
Investment Income (Loss) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Realized gains (losses) on sales of fair valued securities 1 |  | $ | 16 |  |  | $ | (705 | ) |  | $ | 16 |  |  | $ | - |
Unrealized gains (losses) on fair valued securities 2 |  |  | (2,387 | ) |  |  | 710 |  |  |  | 1,987 |  |  |  | (36 | )
Realized foreign currency gains (losses) |  |  | (22 | ) |  |  | (15 | ) |  |  | 3 |  |  |  | 4 |
Impairments in equity investments that do not have readily determinable fair values |  |  | (114 | ) |  |  | - |  |  |  | (28 | ) |  |  | - |
Dividend and interest income |  |  | 299 |  |  |  | 737 |  |  |  | 116 |  |  |  | 307 |
Total Investment Income (Loss) |  | $ | (2,208 | ) |  | $ | 727 |  |  | $ | 2,094 |  |  | $ | 275 |
1 | The prior year amounts shown include $736 in realized losses on sales of trading securities and $31 in realized gains on sales of available-for-sale securities for the nine months ended March 31, 2018. There were no realized gains or losses on sales of trading securities or available-for-sale securities for the three months ended March 31, 2018. These classifications were used prior to the adoption of ASU 2016-01 effective July 1, 2018.
2 | The prior year amounts shown include ($36) and $710 in unrealized gains (losses) on trading securities for the three and nine months ended March 31, 2018, 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 March 31, 2019, and June 30, 2018, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:
|  | March 31, 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 |  | $ | 4,614 |  |  | $ | 1,839 |  |  | $ | - |  |  | $ | 6,453 |
Common stock - Domestic |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Fixed income |  |  | 8,288 |  |  |  | - |  |  |  | - |  |  |  | 8,288 |
Mutual funds - Domestic equity |  |  | 725 |  |  |  | - |  |  |  | - |  |  |  | 725 |
Total securities at fair value |  | $ | 13,627 |  |  | $ | 1,839 |  |  | $ | - |  |  | $ | 15,466 |
|  | 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 Method Investments [Table Text Block] | Summarized income statement information on the Galileo Partners Fund for the period of the Company’s investment through March 31, 2018, is as follows:
Galileo Partners Fund |  |  |  |
Summary Financial Information |  |  |  |
For the Period from August 31, 2017 (investment) to March 31, 2018 |  |  |  |
(dollars in thousands) |  |  |  |
Realized gains on sales of investments |  | $ | 4,467 |
Unrealized gains on investments |  |  | 2,441 |
Fund fees and expenses, including performance fees |  |  | (1,762 | )
Net income of fund |  | $ | 5,146 |
Company's share of income from equity method investment |  | $ | 1,891 |

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