INCOME TAXES	9 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company and its subsidiaries, except as noted, file a consolidated U.S. federal income tax return. USCAN and Galileo file separate tax returns in Canada. Provisions for income taxes include deferred taxes for temporary differences in the bases of assets and liabilities for financial and tax purposes, resulting from the use of the liability method of accounting for income taxes. The current deferred tax asset primarily consists of unrealized losses on trading securities. The long-term deferred tax asset is composed primarily of unrealized losses and other-than-temporary impairments on available-for-sale securities, differences in tax and book accumulated depreciation and the difference in tax treatment of stock options. For federal income tax purposes at March 31, 2015, the Company has charitable contribution carryovers of approximately $121,000, expiring in fiscal years 2018 - 2020. The Company has net operating loss carryovers of $1,946,000, expiring in fiscal year 2035. If certain changes in the Company's ownership should occur, there could be an annual limitation on the amount of net operating loss carryovers that could be utilized. A valuation allowance is provided when it is more likely than not that some portion of the deferred tax amount will not be realized. At March 31, 2015, and June 30, 2014, a valuation allowance of $703,000 and $35,000, respectively, was included related to the charitable contribution carryover and the fiscal 2014 net operating loss carryover.

INCOME TAXES

9 Months Ended

Mar. 31, 2015

The Company and its subsidiaries, except as noted, file a consolidated U.S. federal income tax return. USCAN and Galileo file separate tax returns in Canada. Provisions for income taxes include deferred taxes for temporary differences in the bases of assets and liabilities for financial and tax purposes, resulting from the use of the liability method of accounting for income taxes. The current deferred tax asset primarily consists of unrealized losses on trading securities. The long-term deferred tax asset is composed primarily of unrealized losses and other-than-temporary impairments on available-for-sale securities, differences in tax and book accumulated depreciation and the difference in tax treatment of stock options.

For federal income tax purposes at March 31, 2015, the Company has charitable contribution carryovers of approximately $121,000, expiring in fiscal years 2018 - 2020. The Company has net operating loss carryovers of $1,946,000, expiring in fiscal year 2035. If certain changes in the Company's ownership should occur, there could be an annual limitation on the amount of net operating loss carryovers that could be utilized.

A valuation allowance is provided when it is more likely than not that some portion of the deferred tax amount will not be realized. At March 31, 2015, and June 30, 2014, a valuation allowance of $703,000 and $35,000, respectively, was included related to the charitable contribution carryover and the fiscal 2014 net operating loss carryover.