INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2020

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The Company's components of income (loss) before tax by jurisdiction are as follows:

	Year ended June 30,
(dollars in thousands)	2020			2019
United States	$	(3,261	)	$	(1,613	)
Canada		(1,716	)		(2,803	)
Total	$	(4,977	)	$	(4,416	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation of income tax computed at U.S. federal statutory rates to income tax expense is as follows:

	Year ended June 30,
(dollars in thousands)	2020			% of Pretax			2019			% of Pretax
Tax expense (benefit) at statutory rate - continuing operations	$	(974	)		21.0	%	$	(896	)		21.0	%
Tax benefit from change in foreign unrealized gain/loss		(203	)		4.4	%		(679	)		15.9	%
Change in valuation allowance		885			(19.1	%)		353			(8.3	%)
Rate difference on foreign deferred income		153			(3.3	%)		327			(7.7	%)
Other		(36	)		0.8	%		(82	)		2.0	%
Total tax expense (benefit) - continuing operations	$	(175	)		3.8	%	$	(977	)		22.9	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Components of total tax expense (benefit) are as follows:

	Year ended June 30,
(dollars in thousands)	2020			2019
Continuing Operations
Current tax expense (benefit) - U.S. Federal	$	(1	)	$	4
Current tax expense (benefit) - Non-U.S.		3			(15	)
Deferred tax expense - U.S. Federal		-			-
Deferred tax benefit - Non-U.S.		(177	)		(966	)
Total tax benefit - continuing operations	$	(175	)	$	(977	)

Discontinued Operations
Current tax expense (benefit) - Non-U.S.		-			-
Total tax benefit	$	(175	)	$	(977	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Components of the Company’s deferred assets and liabilities are as follows:

	June 30,
(dollars in thousands)	2020			2019
Book/tax differences in the balance sheet
Investments in securities at fair value	$	448		$	(99	)
Prepaid expenses		(50	)		(45	)
Accumulated depreciation		105			111
Other investments		(65	)		(124	)
Equity method investments		14			(6	)
Accrued expenses		148			72
Product start-up costs		60			60
Other		(19	)		(55	)
Tax Carryovers
Net operating loss carryover		1,887			1,573
Charitable contributions carryover		8			8
Capital loss carryover		226			249
Valuation Allowance		(2,762	)		(1,877	)
Net deferred tax liability	$	-		$	(133	)