FINANCIAL INFORMATION BY BUSINESS SEGMENT

9 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

FINANCIAL INFORMATION BY BUSINESS SEGMENT

FINANCIAL INFORMATIONBY BUSINESS SEGMENT

The Company operates principally in three business segments: providing investment management services to USGIF and offshore funds it manages, investment management services in Canada, and investing for its own account in an effort to add growth and value to its cash position. The following schedule details total revenues and income by business segment:

(dollars in thousands)	Investment Management Services			Investment Management Services - Canada			Corporate Investments		Consolidated
Nine months ended March 31, 2015
Net operating revenues	$	5,906		$	1,594		$	—	$	7,500
Net other income	$	—		$	—		$	522	$	522
Income (loss) from continuing operations before income taxes	$	(2,422	)	$	3		$	515	$	(1,904	)
Depreciation and amortization	$	190		$	56		$	—	$	246
Capital expenditures	$	40		$	—		$	—	$	40
Gross identifiable assets at March 31, 2015	$	6,979		$	1,790		$	23,327	$	32,096
Deferred tax asset									$	922
Consolidated total assets at March 31, 2015									$	33,018
Nine months ended March 31, 2014
Net operating revenues	$	8,534		$	—		$	—	$	8,534
Net other income	$	—		$	—		$	1,497	$	1,497
Income (loss) from continuing operations before income taxes	$	(2,950	)	$	—		$	1,491	$	(1,459	)
Loss from discontinued operations	$	(238	)	$	—		$	—	$	(238	)
Depreciation and amortization	$	191		$	—		$	—	$	191
Capital expenditures	$	—		$	—		$	—	$	—
Three months ended March 31, 2015
Net operating revenues	$	1,418		$	413		$	—	$	1,831
Net other income	$	—		$	—		$	249	$	249
Income (loss) from continuing operations before income taxes	$	(1,175	)	$	(39	)	$	245	$	(969	)
Depreciation and amortization	$	63		$	18		$	—	$	81
Capital expenditures	$	—		$	—		$	—	$	—
Three months ended March 31, 2014
Net operating revenues	$	2,742		$	—		$	—	$	2,742
Net other income	$	—		$	—		$	403	$	403
Income (loss) from continuing operations before income taxes	$	(409	)	$	—		$	397	$	(12	)
Loss from discontinued operations	$	(2	)	$	—		$	—	$	(2	)
Depreciation and amortization	$	62		$	—		$	—	$	62
Capital expenditures	$	—		$	—		$	—	$	—