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Note 15 - Financial Information by Business Segment | 12 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 15. FINANCIAL INFORMATION BY BUSINESS SEGMENT The Company manages the following business segments:
| 1. | Investment management services, by which the Company offers, to USGIF and ETF clients, a range of investment management products and services to meet the needs of individual and institutional investors; and
| 2. | Corporate investments, through which the Company invests for its own account in an effort to add growth and value to its cash position
These segments are managed separately. The Company’s segment information is prepared on the same basis that management uses to review the financial information for operational and investment decision-making purposes. The Company's chief operating and investment decision maker, the Chief Executive Officer, evaluates the performance of the Company’s Corporate Investments segment separately from the Investment Management Services segment based on investment income (loss), and the Corporate Investments segment does not include any allocated company expenses. All segment accounting policies are the same as those described in the summary of significant accounting policies. The following schedule details total revenues and income by business segment:
|  | Investment |  |  |  |  |  |  |  |  |
|  | Management |  |  | Corporate |  |  |  |  |
(dollars in thousands) |  | Services |  |  | Investments |  |  | Consolidated |
Year ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 24,714 |  |  | $ | - |  |  | $ | 24,714 |
Investment loss |  | $ | - |  |  | $ | (4,046 | ) |  | $ | (4,046 | )
Loss from equity method investments |  | $ | - |  |  | $ | (206 | ) |  | $ | (206 | )
Other income |  | $ | 235 |  |  | $ | - |  |  | $ | 235 |
Income (loss) before income taxes |  | $ | 11,622 |  |  | $ | (4,526 | ) |  | $ | 7,096 |
Depreciation and amortization |  | $ | 226 |  |  | $ | - |  |  | $ | 226 |
Gross identifiable assets at June 30, 2022 |  | $ | 23,003 |  |  | $ | 37,439 |  |  | $ | 60,442 |
Deferred tax asset |  |  |  |  |  |  |  |  |  | $ | 252 |
Consolidated total assets at June 30, 2022 |  |  |  |  |  |  |  |  |  | $ | 60,694 |
Year ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 21,654 |  |  | $ | - |  |  | $ | 21,654 |
Investment income |  | $ | - |  |  | $ | 28,338 |  |  | $ | 28,338 |
Income from equity method investments |  | $ | - |  |  | $ | 347 |  |  | $ | 347 |
Gain on forgiveness of PPP loan |  | $ | 444 |  |  | $ | - |  |  | $ | 444 |
Other income |  | $ | 144 |  |  | $ | - |  |  | $ | 144 |
Income before income taxes |  | $ | 10,866 |  |  | $ | 26,572 |  |  | $ | 37,438 |
Depreciation and amortization |  | $ | 196 |  |  | $ | - |  |  | $ | 196 |
Gross identifiable assets at June 30, 2021 |  | $ | 17,522 |  |  | $ | 44,755 |  |  | $ | 62,277 |
Net operating revenues from investment management services include revenues from USGIF of $3.8 million and $4.5 million in fiscal years 2022 and 2021, respectively. Net operating revenues from investment management services also include operating revenues from ETF clients of $21.0 million and $17.1 million in fiscal years 2022 and 2021, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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