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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.

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