Note 17 - Subsequent Events

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE

17.

     SUBSEQUENT EVENTS

The Company evaluated subsequent events for recognition and disclosure through the date the financial statements were issued or filed. Nothing has occurred outside normal operations since that required recognition or disclosure in these financial statements other than the items noted below.

On

July 20, 2017,

Wainwright

’s USCF business launched

two

new funds, United States

3X

Oil Fund (“USOU”) and United States

3X

Short Oil Fund (“USOD”), under the USCF Funds Trust with initial external seed capital of

$

2.5

million for each fund. On

September 22, 2017,

the board of trustees of the USCF ETF Trust (a trust managed by Wainwright’s USCF Advisers business) approved a plan for the liquidation of the Stock Split Index Fund (“TOFR”) and the USCF Restaurant Leaders Index Fund (“MENU”), each a series of the USCF ETF Trust, as a result of the low asset levels and lack of growth for each fund.