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Note 12 - Financial Information by Business Segment
 9 Months Ended
Mar. 31, 2025
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

  

Nine Months Ended March 31, 2025

                        

Operating revenues

   $ 6,492     $ -     $ 6,492  

Net investment income (loss)

   $ -     $ 1,819     $ 1,819  

Other income (loss)

   $ 247     $ -     $ 247  

Income (loss) before income taxes

   $ (1,675 )   $ 1,751     $ 76  

Depreciation

   $ 50     $ -     $ 50  

Gross identifiable assets at March 31, 2025

   $ 26,531     $ 20,325     $ 46,856  

Deferred tax asset

                   $ 1,902  

Consolidated total assets at March 31, 2025

                   $ 48,758  

Nine Months Ended March 31, 2024

                        

Operating revenues

   $ 8,544     $ -     $ 8,544  

Net investment income (loss)

   $ -     $ 1,363     $ 1,363  

Other income (loss)

   $ 183     $ -     $ 183  

Income (loss) before income taxes

   $ 164     $ 1,300     $ 1,464  

Depreciation

   $ 163     $ -     $ 163  

Gross identifiable assets at March 31, 2024

   $ 27,542     $ 23,390     $ 50,932  

Deferred tax asset

                   $ 1,840  

Consolidated total assets at March 31, 2024

                   $ 52,772  

Three Months Ended March 31, 2025

                        

Operating revenues

   $ 2,103     $ -     $ 2,103  

Net investment income (loss)

   $ -     $ 548     $ 548  

Other income (loss)

   $ 100     $ -     $ 100  

Income (loss) before income taxes

   $ (762 )   $ 517     $ (245 )

Depreciation

   $ 11     $ -     $ 11  

Three Months Ended March 31, 2024

                        

Operating revenues

   $ 2,593     $ -     $ 2,593  

Net investment income (loss)

   $ -     $ 460     $ 460  

Other income (loss)

   $ 68     $ -     $ 68  

Income (loss) before income taxes

   $ (389 )   $ 429     $ 40  

Depreciation

   $ 41     $ -     $ 41  

 

Operating revenues from investment management services include operating revenues from ETF clients of $1.7 million and $5.3 million for the three and nine months ended March 31, 2025, respectively, and $2.2 million and $7.4 million for the three and nine months ended March 31, 2024, respectively. Operating revenues from investment management services also include operating revenues from USGIF of $446,000 and $1.2 million for the three and nine months ended March 31, 2025, respectively, and $369,000 and $1.2 million for the three and nine months ended March 31, 2024, respectively.