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INVESTMENTS (Tables) | 3 Months Ended
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Sep. 30, 2021
INVESTMENTS (Tables) [Line Items] |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following summarizes the major categories of investments with fair values adjusted on a recurring basis as of September 30, 2021, and June 30, 2021, with fair values shown according to the fair value hierarchy.
|  | September 30, 2021 |
|  | Quoted Prices |  |  | Significant Other Inputs |  |  | Significant Unobservable Inputs |  |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Investments carried at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 378 |  |  | $ | - |  |  | $ | 7,339 |  |  | $ | 7,717 |
Mutual funds - Fixed income |  |  | 6,291 |  |  |  | - |  |  |  | - |  |  |  | 6,291 |
Mutual funds - Global equity |  |  | 916 |  |  |  | - |  |  |  | - |  |  |  | 916 |
Total investments in equity securities: |  | $ | 7,585 |  |  | $ | - |  |  | $ | 7,339 |  |  | $ | 14,924 |
Investments in debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale - Convertible debentures |  |  | - |  |  |  | - |  |  |  | 15,852 |  |  |  | 15,852 |
Total investments carried at fair value on a recurring basis: |  | $ | 7,585 |  |  | $ | - |  |  | $ | 23,191 |  |  | $ | 30,776 |
|  | June 30, 2021 |
|  | Quoted Prices |  |  | Significant Other Inputs |  |  | Significant Unobservable Inputs |  |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Investments carried at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 2,837 |  |  | $ | 135 |  |  | $ | 8,026 |  |  | $ | 10,998 |
Mutual funds - Fixed income |  |  | 6,322 |  |  |  | - |  |  |  | - |  |  |  | 6,322 |
Mutual funds - Global equity |  |  | 938 |  |  |  | - |  |  |  | - |  |  |  | 938 |
Total investments in equity securities: |  | $ | 10,097 |  |  | $ | 135 |  |  | $ | 8,026 |  |  | $ | 18,258 |
Investments in debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale - Convertible debentures |  |  | - |  |  |  | - |  |  |  | 17,049 |  |  |  | 17,049 |
Total investments carried at fair value on a recurring basis: |  | $ | 10,097 |  |  | $ | 135 |  |  | $ | 25,075 |  |  | $ | 35,307 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table is a reconciliation of investments recorded at fair value for which unobservable inputs (Level 3) were used in determining fair value during the period ended September 30, 2021:
Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis |
|  | September 30, 2021 |
(dollars in thousands) |  | Investments in equity securities |  |  | Investments in debt securities |
Beginning Balance |  | $ | 8,026 |  |  | $ | 17,049 |
Principal repayments |  |  | - |  |  |  | (750 | )
Amortization of Premium |  |  | - |  |  |  | (91 | )
Accretion of Discount |  |  | - |  |  |  | 268 |
Total gains or losses (realized/unrealized) included in: |  |  |  |  |  |  |  |
Earnings (investment income) |  |  | (687 | ) |  |  | 164 |
Other Comprehensive Income |  |  | - |  |  |  | (788 | )
Ending Balance |  | $ | 7,339 |  |  | $ | 15,852 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | The Company currently considers the related fair value measurements to contain Level 3 inputs. The following is quantitative information as of September 30, 2021, with respect to the securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3):
|  | September 30, 2021 |
(dollars in thousands) |  | Fair Value |  | Principal Valuation Techniques |  | Unobservable Inputs |
Investments in equity securities: |  |  |  |  |  |  |  |  |  |  |
Common share purchase warrants |  | $ | 7,339 |  | Option pricing model |  |  |  |  |  |
|  |  |  |  |  |  | Volatility |  |  | 92.7 | %
Investments in debt securities: |  |  |  |  |  |  |  |  |  |  |
Available-for-sale - Convertible debentures |  | $ | 15,852 |  | Binomial lattice model |  |  |  |  |  |
|  |  |  |  |  |  | Volatility |  |  | 64.1 | %
|  |  |  |  |  |  | Credit Adjusted Discount Rate |  |  | 1.9 | %
Unrealized Gain (Loss) on Investments [Table Text Block] | The following details the components of the Company’s equity investments carried at fair value as of September 30, 2021, and June 30, 2021.
|  | September 30, 2021 |
(dollars in thousands) |  | Cost |  |  | Unrealized Gains (Losses) |  |  | Fair Value |
Equity securities at fair value |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 6,099 |  |  | $ | 1,618 |  |  | $ | 7,717 |
Equities - Domestic |  |  | 45 |  |  |  | (45 | ) |  |  | - |
Mutual funds - Fixed income |  |  | 6,313 |  |  |  | (22 | ) |  |  | 6,291 |
Mutual funds - Global equity |  |  | 929 |  |  |  | (13 | ) |  |  | 916 |
Total equity securities at fair value |  | $ | 13,386 |  |  | $ | 1,538 |  |  | $ | 14,924 |
|  | June 30, 2021 |
(dollars in thousands) |  | Cost |  |  | Unrealized Gains (Losses) |  |  | Fair Value |
Equity securities at fair value |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 7,076 |  |  | $ | 3,922 |  |  | $ | 10,998 |
Equities - Domestic |  |  | 45 |  |  |  | (45 | ) |  |  | - |
Mutual funds - Fixed income |  |  | 6,313 |  |  |  | 9 |  |  |  | 6,322 |
Mutual funds - Global equity |  |  | 929 |  |  |  | 9 |  |  |  | 938 |
Total equity securities at fair value |  | $ | 14,363 |  |  | $ | 3,895 |  |  | $ | 18,258 |
Debt Securities, Available-for-sale and Held-to-Maturity [Table Text Block] | The following details the components of the Company’s available-for-sale debt investments as of September 30, 2021, and June 30, 2021.
|  | September 30, 2021 |
(dollars in thousands) |  | Amortized Cost |  |  | Gross Unrealized Gains in Other Comprehensive Income |  |  | Gross Unrealized Losses in Earnings |  |  | Fair Value |
Available-for-sale - Convertible debentures 1 |  | $ | 8,770 |  |  | $ | 7,520 |  |  | $ | (438 | ) |  | $ | 15,852 |
|  | June 30, 2021 |
(dollars in thousands) |  | Amortized Cost |  |  | Gross Unrealized Gains in Other Comprehensive Income |  |  | Gross Unrealized Losses in Earnings |  |  | Fair Value |
Available-for-sale - Convertible debentures 1 |  | $ | 8,741 |  |  | $ | 8,308 |  |  | $ | - |  |  | $ | 17,049 |
| 1. | Changes in unrealized gains and losses are included in the statement of comprehensive income (loss), except for embedded derivatives. Changes in unrealized and realized gains and losses for embedded derivatives are included in earnings in the statement of operations.
|  | September 30, 2021 |
(dollars in thousands) |  | Amortized Cost |  |  | Gross Unrecognized Holding Gains |  |  | Gross Unrecognized Holding Losses |  |  | Fair Value |
Held-to-maturity - Debentures 1 |  | $ | 1,000 |  |  | $ | 2 |  |  | $ | - |  |  | $ | 1,002 |
|  | June 30, 2021 |
(dollars in thousands) |  | Amortized Cost |  |  | Gross Unrecognized Holding Gains |  |  | Gross Unrecognized Holding Losses |  |  | Fair Value |
Held-to-maturity - Debentures 1 |  | $ | 1,000 |  |  | $ | 3 |  |  | $ | - |  |  | $ | 1,003 |
| 1. | Held-to-maturity debt investments are carried at amortized cost.
Investments Classified by Contractual Maturity Date [Table Text Block] | Investments in debt securities classified as held-to-maturity are carried at amortized cost. The following summarizes the net carrying amount and estimated fair value of debt securities at September 30, 2021, by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers.
|  | September 30, 2021 |
|  | Available-for-sale debt securities |  |  | Held-to-maturity debt securities |
(dollars in thousands) |  | Convertible debentures 1 |  |  | Due after five years through ten years |
Net Carrying Amount |  | $ | 8,770 |  |  | $ | 1,000 |
Fair Value |  | $ | 15,852 |  |  | $ | 1,002 |
1. Principal payments are due quarterly with a final maturity date in January 2026.
Equity Securities without Readily Determinable Fair Value [Table Text Block] | The carrying value of equity securities without readily determinable fair values has been adjusted as follows:
|  | Three Months Ended |
|  | September 30, |
(dollars in thousands) |  | 2021 |  |  | 2020 |
Carrying amount, beginning of period |  | $ | 3,453 |  |  | $ | 1,283 |
Adjustments: |  |  |  |  |  |  |  |
Purchases |  |  | - |  |  |  | 134 |
Other downward adjustments |  |  | - |  |  |  | (117 | )
Carrying amount, end of period |  | $ | 3,453 |  |  | $ | 1,300 |
Gain (Loss) on Securities [Table Text Block] | The following summarizes investment income (loss) reflected in earnings for the periods presented:
|  | Three Months Ended |
(dollars in thousands) |  | September 30, |
Investment Income (Loss) |  | 2021 |  |  | 2020 |
Unrealized gains (losses) on fair valued securities |  | $ | (2,358 | ) |  | $ | 1,107 |
Unrealized losses on embedded derivatives |  |  | (438 | ) |  |  | - |
Unrealized losses on equity securities without readily determinable fair values |  |  | - |  |  |  | (113 | )
Realized gains on principal payment proceeds |  |  | 602 |  |  |  | - |
Realized gains on sales of fair valued securities |  |  | 1,809 |  |  |  | - |
Realized foreign currency gains (losses) |  |  | (146 | ) |  |  | 1 |
Dividend and interest income |  |  | 497 |  |  |  | 3 |
Total Investment Income (Loss) |  | $ | (34 | ) |  | $ | 998 |
Other Assets [Member] |
INVESTMENTS (Tables) [Line Items] |
Schedule of Derivative Instruments [Table Text Block] | The following table summarizes the fair values of embedded derivatives on the Consolidated Balance Sheet, categorized by risk exposure, at September 30, 2021, and June 30, 2021.
|  | September 30, 2021 |  |  | June 30, 2021 |
|  | Other Assets |  |  | Other Assets |
(dollars in thousands) |  | Investments in available-for-sale debt securities |  |  | Investments in available-for-sale debt securities |
Embedded Derivatives: |  |  |  |  |
Equity price risk exposure |  | $ | 2,104 |  |  | $ | 2,542 |
Other Income [Member] |
INVESTMENTS (Tables) [Line Items] |
Schedule of Derivative Instruments [Table Text Block] | The following table presents the effect of embedded derivatives on the Consolidated Statements of Operations, categorized by risk exposure, for the three months ended September 30, 2021, and 2020.
|  | Three Months Ended September 30, 2021 |  |  | Three Months Ended September 30, 2020 |
|  | Other Income (Loss) |  |  | Other Income (Loss) |
(dollars in thousands) |  | Investment income (loss) |  |  | Investment income (loss) |
Embedded Derivatives: |  |  |  |  |
Equity price risk exposure |  | $ | (438 | ) |  | $ | - |

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