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Note 12 - Financial Information by Business Segment | 6 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 12. FINANCIAL INFORMATION BY BUSINESS SEGMENT 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 |
Six Months Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 5,951 |  |  | $ | - |  |  | $ | 5,951 |
Net investment income (loss) |  | $ | - |  |  | $ | 903 |  |  | $ | 903 |
Other income (loss) |  | $ | 115 |  |  | $ | - |  |  | $ | 115 |
Income (loss) before income taxes |  | $ | 553 |  |  | $ | 871 |  |  | $ | 1,424 |
Depreciation |  | $ | 123 |  |  | $ | - |  |  | $ | 123 |
Gross identifiable assets at December 31, 2023 |  | $ | 27,417 |  |  | $ | 24,085 |  |  | $ | 51,502 |
Deferred tax asset |  |  |  |  |  |  |  |  |  | $ | 2,130 |
Consolidated total assets at December 31, 2023 |  |  |  |  |  |  |  |  |  | $ | 53,632 |
Six Months Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 8,140 |  |  | $ | - |  |  | $ | 8,140 |
Net investment income (loss) |  | $ | - |  |  | $ | (1,344 | ) |  | $ | (1,344 | )
Other income (loss) |  | $ | 123 |  |  | $ | - |  |  | $ | 123 |
Income (loss) before income taxes |  | $ | 2,646 |  |  | $ | (1,374 | ) |  | $ | 1,272 |
Depreciation |  | $ | 122 |  |  | $ | - |  |  | $ | 122 |
Gross identifiable assets at December 31, 2022 |  | $ | 23,952 |  |  | $ | 29,390 |  |  | $ | 53,342 |
Deferred tax asset |  |  |  |  |  |  |  |  |  | $ | 1,609 |
Consolidated total assets at December 31, 2022 |  |  |  |  |  |  |  |  |  | $ | 54,951 |
Three Months Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 2,818 |  |  | $ | - |  |  | $ | 2,818 |
Net investment income (loss) |  | $ | - |  |  | $ | 1,416 |  |  | $ | 1,416 |
Other income (loss) |  | $ | 57 |  |  | $ | - |  |  | $ | 57 |
Income (loss) before income taxes |  | $ | 266 |  |  | $ | 1,399 |  |  | $ | 1,665 |
Depreciation |  | $ | 62 |  |  | $ | - |  |  | $ | 62 |
Three Months Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenues |  | $ | 3,728 |  |  | $ | - |  |  | $ | 3,728 |
Net investment income (loss) |  | $ | - |  |  | $ | 116 |  |  | $ | 116 |
Other income (loss) |  | $ | 62 |  |  | $ | - |  |  | $ | 62 |
Income (loss) before income taxes |  | $ | 985 |  |  | $ | 101 |  |  | $ | 1,086 |
Depreciation |  | $ | 61 |  |  | $ | - |  |  | $ | 61 |
Net operating revenues from investment management services includes operating revenues from ETF clients of $2.5 million and $5.2 million for the three and six months ended December 31, 2023, respectively, and $3.3 million and $7.2 million for the three and six months ended December 31, 2022, respectively. Net operating revenues from investment management services also include operating revenues from USGIF of $356,000 and $780,000 for the three and six months ended December 31, 2023, respectively, and $423,000 and $922,000 for the three and six months ended December 31, 2022, respectively.

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