XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.19.1

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2019
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 |
Nine months ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 2,694 |  |  | $ | 1,299 |  |  | $ | - |  |  | $ | 3,993 |
Investment income (loss) |  | $ | - |  |  | $ | 23 |  |  | $ | (2,231 | ) |  | $ | (2,208 | )
Loss from equity method investments |  | $ | - |  |  | $ | - |  |  | $ | (52 | ) |  | $ | (52 | )
Other income |  | $ | 27 |  |  | $ | 39 |  |  | $ | - |  |  | $ | 66 |
Income (loss) before income taxes |  | $ | (1,837 | ) |  | $ | 149 |  |  | $ | (2,395 | ) |  | $ | (4,083 | )
Depreciation and amortization |  | $ | 164 |  |  | $ | 7 |  |  | $ | - |  |  | $ | 171 |
Capital expenditures |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Gross identifiable assets at March 31, 2019 |  | $ | 5,231 |  |  | $ | 1,804 |  |  | $ | 16,875 |  |  | $ | 23,910 |
Deferred tax asset |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | - |
Consolidated total assets at March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 23,910 |
Nine months ended March 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 3,684 |  |  | $ | 1,216 |  |  | $ | - |  |  | $ | 4,900 |
Investment income |  | $ | - |  |  | $ | - |  |  | $ | 727 |  |  | $ | 727 |
Income from equity method investments |  | $ | - |  |  | $ | - |  |  | $ | 1,804 |  |  | $ | 1,804 |
Other income |  | $ | 14 |  |  | $ | 12 |  |  | $ | - |  |  | $ | 26 |
Income (loss) before income taxes |  | $ | (1,455 | ) |  | $ | 270 |  |  | $ | 2,524 |  |  | $ | 1,339 |
Depreciation and amortization |  | $ | 174 |  |  | $ | 9 |  |  | $ | - |  |  | $ | 183 |
Capital expenditures |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Three months ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 857 |  |  | $ | 114 |  |  | $ | - |  |  | $ | 971 |
Investment income (loss) |  | $ | - |  |  | $ | (6 | ) |  | $ | 2,100 |  |  | $ | 2,094 |
Income from equity method investments |  | $ | - |  |  | $ | - |  |  | $ | 3 |  |  | $ | 3 |
Other income |  | $ | 7 |  |  | $ | 33 |  |  | $ | - |  |  | $ | 40 |
Income (loss) before income taxes |  | $ | (627 | ) |  | $ | (184 | ) |  | $ | 2,064 |  |  | $ | 1,253 |
Depreciation and amortization |  | $ | 54 |  |  | $ | 2 |  |  | $ | - |  |  | $ | 56 |
Capital expenditures |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Three months ended March 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 1,171 |  |  | $ | 246 |  |  | $ | - |  |  | $ | 1,417 |
Investment income |  | $ | - |  |  | $ | - |  |  | $ | 275 |  |  | $ | 275 |
Loss from equity method investments |  | $ | - |  |  | $ | - |  |  | $ | (927 | ) |  | $ | (927 | )
Other income |  | $ | 7 |  |  | $ | 2 |  |  | $ | - |  |  | $ | 9 |
Income (loss) before income taxes |  | $ | (1,856 | ) |  | $ | (35 | ) |  | $ | 658 |  |  | $ | (1,233 | )
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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration