FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)

6 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Schedule Details of Financial Information by Business Segment

The following schedule details total revenues and income by business segment:

	Investment Management Services			Corporate Investments		Consolidated
Six months ended December 31, 2013
Net operating revenues	$	5,791,745		$	—	$	5,791,745
Net other income	$	—		$	1,094,108	1,094,108
Income (loss) from continuing operations before income taxes	$	(2,540,968	)	$	1,094,108	(1,446,860		)
Loss from discontinued operations	$	(236,178	)	$	—	(236,178		)
Depreciation	$	128,230		$	—	$	128,230
Capital expenditures	$	—		$	—	$	—
Gross identifiable assets at December 31, 2013	$	9,940,610		$	26,692,640	$	36,633,250
Deferred tax asset						$	632,285
Consolidated total assets at December 31, 2013						$	37,265,535
Six months ended December 31, 2012
Net operating revenues	$	9,385,767		$	—	$	9,385,767
Net other income	$	—		$	361,638	361,638
Income from continuing operations before income taxes	$	117,971		$	361,638	479,609
Loss from discontinued operations	$	(55,987	)	$	—	(55,987		)
Depreciation	$	137,577		$	—	$	137,577
Capital expenditures	$	39,159		$	—	$	39,159
Three months ended December 31, 2013
Net operating revenues	$	2,739,744		$	—	$	2,739,744
Net other income	$	—		$	40,646	$	40,646
Income (loss) from continuing operations before income taxes	$	(1,464,732	)	$	40,646	$	(1,424,086	)
Loss from discontinued operations	$	(207,533	)	$	—	$	(207,533	)
Depreciation	$	63,777		$	—	$	63,777
Capital expenditures	$	—		$	—	$	—
Three months ended December 31, 2012
Net operating revenues	$	4,973,223		$	—	$	4,973,223
Net other income	$	—		$	160,987	$	160,987
Income from continuing operations before income taxes	$	162,055		$	160,987	$	323,042
Loss from discontinued operations	$	(11,747	)	$	—	$	(11,747	)
Depreciation	$	68,830		$	—	$	68,830
Capital expenditures	$	39,159		$	—	$	39,159