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Note 12 - Financial Information by Business Segment | 3 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 12. 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. All segment accounting policies are the same as those described in the summary of significant accounting policies. The Company's Chief Executive Officer, serving as the Chief Operating Decision Maker ("CODM"), evaluates the performance of the Company’s Corporate Investments segment separately from the Investment Management Services segment based on net investment income (loss), and the Corporate Investments segment does not include any allocated company expenses. All significant expenses are disclosed on the Consolidated Statements of Operations. The CODM evaluates the performance of the Company’s Investment Management Services segment based on operating income (loss) before depreciation, interest, and income taxes. The following schedule details total revenues, income, and gross identifiable assets by business segment:
(dollars in thousands) |  | Investment Management Services |  |  | Corporate Investments |  |  | Consolidated |
Three Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 2,251 |  |  | $ | - |  |  | $ | 2,251 |
Net investment income (loss) |  | $ | - |  |  | $ | 2,277 |  |  | $ | 2,277 |
Other income (loss) |  | $ | 82 |  |  | $ | - |  |  | $ | 82 |
Income (loss) before income taxes |  | $ | (433 | ) |  | $ | 2,277 |  |  | $ | 1,844 |
Operating income (loss) |  | $ | (515 | ) |  | $ | - |  |  | $ | (515 | )
Add back: Depreciation |  | $ | 11 |  |  | $ | - |  |  | $ | 11 |
Add back: Interest |  | $ | 2 |  |  | $ | - |  |  | $ | 2 |
Operating income (loss), as adjusted |  | $ | (502 | ) |  | $ | - |  |  | $ | (502 | )
Gross identifiable assets at September 30, 2025 |  | $ | 25,485 |  |  | $ | 22,500 |  |  | $ | 47,985 |
Deferred tax asset |  |  |  |  |  |  |  |  |  | $ | 945 |
Consolidated total assets at September 30, 2025 |  |  |  |  |  |  |  |  |  | $ | 48,930 |
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 2,157 |  |  | $ | - |  |  | $ | 2,157 |
Net investment income (loss) |  | $ | - |  |  | $ | 917 |  |  | $ | 917 |
Other income (loss) |  | $ | 78 |  |  | $ | - |  |  | $ | 78 |
Income (loss) before income taxes |  | $ | (481 | ) |  | $ | 917 |  |  | $ | 436 |
Operating income (loss) |  | $ | (559 | ) |  | $ | - |  |  | $ | (559 | )
Add back: Depreciation |  | $ | 22 |  |  | $ | - |  |  | $ | 22 |
Add back: Interest |  | $ | 1 |  |  | $ | - |  |  | $ | 1 |
Operating income (loss), as adjusted |  | $ | (536 | ) |  | $ | - |  |  | $ | (536 | )
Gross identifiable assets at September 30, 2024 |  | $ | 27,188 |  |  | $ | 22,092 |  |  | $ | 49,280 |
Deferred tax asset |  |  |  |  |  |  |  |  |  | $ | 1,804 |
Consolidated total assets at September 30, 2024 |  |  |  |  |  |  |  |  |  | $ | 51,084 |
Operating revenues from investment management services include revenues from ETF clients of $1.5 million for the three months ended September 30, 2025, and $1.8 million for the three months ended September 30, 2024. Operating revenues from investment management services also include revenues from USGIF of $727,000 for the three months ended September 30, 2025, and $393,000 for the three months ended September 30, 2024.

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