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FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)

9 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company operates principally in two business segments: providing investment management services to USGIF and ETF clients; and investing for its own account in an effort to add growth and value to its cash position. The following schedule details gross identifiable assets, total revenues, and income by business segment.

(dollars in thousands)		Investment Management Services				Corporate Investments				Consolidated
Nine months ended March 31, 2022
Net operating revenues		$	19,270			$	-			$	19,270
Investment loss		$	-			$	(1,950	)		$	(1,950	)
Loss from equity method investments		$	-			$	(206	)		$	(206	)
Other income		$	174			$	-			$	174
Income (loss) before income taxes		$	8,750			$	(2,409	)		$	6,341
Depreciation and amortization		$	165			$	-			$	165
Gross identifiable assets at March 31, 2022		$	27,652			$	34,863			$	62,515
Nine months ended March 31, 2021
Net operating revenues		$	14,321			$	-			$	14,321
Investment income		$	-			$	30,124			$	30,124
Income from equity method investments		$	-			$	420			$	420
Gain on forgiveness of PPP loan		$	444			$	-			$	444
Other income		$	92			$	-			$	92
Income before income taxes		$	6,842			$	28,542			$	35,384
Depreciation and amortization		$	147			$	-			$	147
Gross identifiable assets at March 31, 2021		$	11,530			$	55,292			$	66,822
Three months ended March 31, 2022
Net operating revenues		$	6,175			$	-			$	6,175
Investment loss		$	-			$	(3,495	)		$	(3,495	)
Loss from equity method investments		$	-			$	(173	)		$	(173	)
Other income		$	59			$	-			$	59
Income (loss) before income taxes		$	2,612			$	(3,704	)		$	(1,092	)
Depreciation and amortization		$	61			$	-			$	61
Three months ended March 31, 2021
Net operating revenues		$	6,355			$	-			$	6,355
Investment income		$	-			$	8,424			$	8,424
Loss from equity method investments		$	-			$	(64	)		$	(64	)
Other income		$	33			$	-			$	33
Income before income taxes		$	3,379			$	8,306			$	11,685
Depreciation and amortization		$	49			$	-			$	49

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=121556970&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 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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