FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)

9 Months Ended

Mar. 31, 2014

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
Nine months ended March 31, 2014
Net operating revenues	$	8,533,777		$	—		$	8,533,777
Net other income	$	—		$	1,497,407		$	1,497,407
Income (loss) from continuing operations before income taxes	$	(2,949,678	)	$	1,490,850		$	(1,458,828	)
Loss from discontinued operations	$	(238,094	)	$	—		$	(238,094	)
Depreciation	$	190,471		$	—		$	190,471
Capital expenditures	$	—		$	—		$	—
Gross identifiable assets at March 31, 2014	$	10,075,154		$	26,009,296		$	36,084,450
Deferred tax asset							$	395,710
Consolidated total assets at March 31, 2014							$	36,480,160
Nine months ended March 31, 2013
Net operating revenues	$	13,858,747		$	—		$	13,858,747
Net other income	$	—		$	345,557		$	345,557
Income from continuing operations before income taxes	$	345,099		$	333,093		$	678,192
Loss from discontinued operations	$	(130,446	)	$	—		$	(130,446	)
Depreciation	$	206,329		$	—		$	206,329
Capital expenditures	$	39,158		$	—		$	39,158
Three months ended March 31, 2014
Net operating revenues	$	2,742,032		$	—		$	2,742,032
Net other income	$	—		$	403,299		$	403,299
Income (loss) from continuing operations before income taxes	$	(409,060	)	$	397,092		$	(11,968	)
Loss from discontinued operations	$	(1,916	)	$	—		$	(1,916	)
Depreciation	$	62,242					$	62,242
Capital expenditures	$	—		$	—		$	—
Three months ended March 31, 2013
Net operating revenues	$	4,472,982		$	—		$	4,472,982
Net other loss	$	—		$	(16,081	)	$	(16,081	)
Income (loss) from continuing operations before income taxes	$	221,075		$	(22,490	)	$	198,585
Loss from discontinued operations	$	(74,460	)	$	—		$	(74,460	)
Depreciation	$	68,752		$	—		$	68,752
Capital expenditures	$	—		$	—		$	—