FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)

3 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company operates principally in three business segments: providing investment management services to USGIF, offshore clients and an ETF client, 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
Three months ended September 30, 2016
Net operating revenues	$	1,682		$	299		$	-	$	1,981
Net other income	$	-		$	-		$	253	$	253
Income from continuing operations before income taxes	$	45		$	4		$	235	$	284
Depreciation and amortization	$	60		$	4		$	-	$	64
Capital expenditures	$	-		$	-		$	-	$	-
Gross identifiable assets at September 30, 2016	$	5,907		$	1,646		$	19,535	$	27,088
Deferred tax asset									$	-
Consolidated total assets at September 30, 2016									$	27,088
Three months ended September 30, 2015
Net operating revenues	$	920		$	330		$	-	$	1,250
Net other income	$	-		$	-		$	534	$	534
Income (loss) from continuing operations before income taxes	$	(1,342	)	$	(45	)	$	526	$	(861	)
Income from discontinued operations	$	7		$	-		$	-	$	7
Depreciation and amortization	$	64		$	16		$	-	$	80
Capital expenditures	$	5		$	-		$	-	$	5