RESTATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Tables) - Revision of Prior Period, Error Correction, Adjustment [Member]

9 Months Ended

Mar. 31, 2021

Balance Sheet [Member]

RESTATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Tables) [Line Items]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	March 31, 2021
Assets	(unaudited)
(dollars in thousands)	As Previously Reported			Restatement Adjustments			As Restated
Current Assets
Cash and cash equivalents	$	9,479		$	-		$	9,479
Restricted cash		1,000			-			1,000
Investments in securities at fair value		6,322			-			6,322
Accounts and other receivables		2,645			-			2,645
Prepaid expenses		430			-			430
Total Current Assets		19,876			-			19,876
Net Property and Equipment		1,388			-			1,388
Other Assets
Investments in equity securities at fair value, non-current		18,635			(1,696	)		16,939
Investments in available-for-sale debt securities at fair value		16,470			7,457			23,927
Other investments		2,940			-			2,940
Investments in held-to-maturity debt securities		1,000			-			1,000
Equity method investments		596			-			596
Right of use assets		56			-			56
Other assets, non-current		100			-			100
Total Other Assets		39,797			5,761			45,558
Total Assets	$	61,061		$	5,761		$	66,822
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	72		$	-		$	72
Accrued compensation and related costs		692			55			747
Dividends payable		226			-			226
Lease liability, short-term		52			-			52
Other accrued expenses		1,221			5			1,226
Taxes payable		3,515			(43	)		3,472
Note payable, current		-			-			-
Total Current Liabilities		5,778			17			5,795
Long-Term Liabilities
Deferred tax liability		4,681			1,216			5,897
Lease liability, long-term		4			-			4
Total Long-Term Liabilities		4,685			1,216			5,901
Total Liabilities		10,463			1,233			11,696
Commitments and Contingencies
Shareholders’ Equity
Common stock (class A) - $0.025 par value; nonvoting; authorized, 28,000,000 shares; issued, 13,866,913 shares at March 31, 2021, and June 30, 2020		347			-			347
Common stock (class B) - $0.025 par value; nonvoting; authorized, 4,500,000 shares; no shares issued		-			-			-
Convertible common stock (class C) - $0.025 par value; voting; authorized, 3,500,000 shares; issued, 2,068,635 shares at March 31, 2021, and June, 30, 2020		52			-			52
Additional paid-in-capital		15,628			-			15,628
Treasury stock, class A shares at cost; 883,326 shares and 855,432 shares at March 31, 2021, and June 30, 2020, respectively		(2,051	)		-			(2,051	)
Accumulated other comprehensive income (loss), net of tax		1,695			10,145			11,840
Retained earnings		34,927			(5,617	)		29,310
Total Shareholders’ Equity		50,598			4,528			55,126
Total Liabilities and Shareholders’ Equity	$	61,061		$	5,761		$	66,822

Statement of Operations [Member]

RESTATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Tables) [Line Items]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	Nine Months Ended March 31, 2021										Three Months Ended March 31, 2021
(dollars in thousands, except per share data)	As Previously Reported		Restatement Adjustments			Other Immaterial Revisions			As Restated		As Previously Reported			Restatement Adjustments			As Restated
Operating Revenues
Advisory fees	$	14,168	$	-		$	-		$	14,168	$	6,304		$	-		$	6,304
Administrative services fees		153		-			-			153		51			-			51
Other operating revenue		444		-			(444	)		-		-			-			-
		14,765		-			(444	)		14,321		6,355			-			6,355
Operating Expenses
Employee compensation and benefits		5,582		60			-			5,642		1,382			60			1,442
General and administrative		4,066		-			-			4,066		1,528			-			1,528
Advertising		162		-			-			162		44			-			44
Depreciation and amortization		147		-			-			147		49			-			49
		9,957		60			-			10,017		3,003			60			3,063
Operating Income (Loss)		4,808		(60	)		(444	)		4,304		3,352			(60	)		3,292
Other Income (Loss)
Investment income		37,205		(7,081	)		-			30,124		15,505			(7,081	)		8,424
Income (loss) from equity method investments		420		-			-			420		(64	)		-			(64	)
Gain on forgiveness of PPP loan		-		-			444			444		-			-			-
Other income		92		-			-			92		33			-			33
		37,717		(7,081	)		444			31,080		15,474			(7,081	)		8,393
Income from Continuing Operations Before Income Taxes		42,525		(7,141	)		-			35,384		18,826			(7,141	)		11,685
Provision for Income Taxes
Tax expense (benefit)		9,696		(1,524	)		-			8,172		4,602			(1,524	)		3,078
Net Income		32,829		(5,617	)		-			27,212		14,224			(5,617	)		8,607
Net Income Attributable to U.S. Global Investors, Inc.	$	32,829	$	(5,617	)	$	-		$	27,212	$	14,224		$	(5,617	)	$	8,607
Earnings Per Share Attributable to U.S. Global Investors, Inc.
Basic Net Income per Share	$	2.18	$	(0.37	)	$	-		$	1.81	$	0.94		$	(0.37	)	$	0.57
Diluted Net Income per Share	$	2.18	$	(0.37	)	$	-		$	1.81	$	0.94		$	(0.37	)	$	0.57
Basic weighted average number of common shares outstanding		15,075,064								15,075,064		15,061,818						15,061,818
Diluted weighted average number of common shares outstanding		15,075,795								15,075,795		15,062,988						15,062,988

Statement of Comprehensive Income (Loss) [Member]

RESTATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Tables) [Line Items]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	Nine Months Ended March 31, 2021								Three Months Ended March 31, 2021
(dollars in thousands)	As Previously Reported		Restatement Adjustments			As Restated			As Previously Reported		Restatement Adjustments			As Restated
Net Income (Loss) Attributable to U.S. Global Investors, Inc.	$	32,829	$	(5,617	)	$	27,212		$	14,224	$	(5,617	)	$	8,607
Other Comprehensive Income, Net of Tax:
Unrealized gains on available-for-sale securities arising during period		1,681		10,581			12,262			1,681		10,581			12,262
Less: reclassification adjustment for gains included in net income		-		(436	)		(436	)		-		(436	)		(436	)
Net change from available-for-sale securities, net of tax		1,681		10,145			11,826			1,681		10,145			11,826
Foreign currency translation adjustment		18		-			18			6		-			6
Other Comprehensive Income		1,699		10,145			11,844			1,687		10,145			11,832
Comprehensive Income Attributable to U.S. Global Investors, Inc.	$	34,528	$	4,528		$	39,056		$	15,911	$	4,528		$	20,439

Statement of Shareholders' Equity [Member]

RESTATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Tables) [Line Items]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

Balance at March 31, 2021 (dollars in thousands)	As Previously Reported		Restatement Adjustments			As Restated
Accumulated Other Comprehensive Income (Loss)	$	1,695	$	10,145		$	11,840
Retained Earnings	$	34,927	$	(5,617	)	$	29,310
Total	$	50,598	$	4,528		$	55,126

Statement of Cash Flows [Member]

RESTATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Tables) [Line Items]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	Nine Months Ended March 31, 2021
(dollars in thousands)	As Previously Reported			Restatement Adjustments			Other Immaterial Revisions			As Restated
Cash Flows from Operating Activities:
Net income (loss)	$	32,829		$	(5,617	)	$	-		$	27,212
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		147			-			-			147
Net recognized loss on disposal of fixed assets		7			-			-			7
Net recognized gain on securities		(15,506	)		-			-			(15,506	)
Amortization of premium on debt securities		-			83			-			83
Accretion of discount on debt securities		-			(552	)		-			(552	)
Unrealized investment (gains) losses on securities		-			7,550			(21,226	)		(13,676	)
Investment basis adjustment		27			-			-			27
Gain on disposal of Galileo		-			-			-			-
Net (income) loss from equity method investment		(420	)		-			-			(420	)
Net loss from discontinued operations, net of tax		-			-			-			-
Foreign currency transaction loss		-			-			-			-
Provision for deferred taxes		4,234			(1,481	)		-			2,753
Stock bonuses		18			-			-			18
PPP loan forgiveness		(444	)		-			-			(444	)
Changes in operating assets and liabilities:
Accounts receivable and other receivables		(1,671	)		-			-			(1,671	)
Prepaid expenses and other assets		(117	)		-			-			(117	)
Investment securities		(21,226	)		-			21,226			-
Accounts payable and accrued expenses		4,062			17			-			4,079
Total adjustments		(30,889	)		5,617			-			(25,272	)
Net cash provided by operating activities		1,940			-			-			1,940
Cash Flows from Investing Activities:
Purchase of property and equipment		(36	)		-			-			(36	)
Purchase of investments in securities at fair value, non-current		(135	)		(5,853	)		-			(5,988	)
Purchase of other investments		(665	)		-			-			(665	)
Purchase of held-to-maturity investments		(1,000	)		-			-			(1,000	)
Purchase of available-for-sale investments		(15,000	)		5,853			-			(9,147	)
Proceeds from sale of Galileo		-			-			-			-
Proceeds on sale of non-current investments		22,355			-			-			22,355
Proceeds from maturity of corporate bonds		658			-			-			658
Return of capital on investments		-			-			-			-
Net cash provided by investing activities		6,177			-			-			6,177
Cash Flows from Financing Activities:
Issuance of common stock		4			-			-			4
Repurchases of common stock		(189	)		-			-			(189	)
Dividends paid		(414	)		-			-			(414	)
Net cash used in financing activities		(599	)		-			-			(599	)
Net increase in cash, cash equivalents, and restricted cash		7,518			-			-			7,518
Beginning cash, cash equivalents, and restricted cash		2,961			-			-			2,961
Ending cash, cash equivalents, and restricted cash	$	10,479		$	-		$	-		$	10,479
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	$	1,902								$	1,902

	Nine Months Ended March 31, 2020
(dollars in thousands)	As Previously Reported			Other Immaterial Revisions			As Restated
Cash Flows from Operating Activities:
Net loss	$	(6,300	)	$	-		$	(6,300	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		152			-			152
Unrealized investment losses on securities		-			3,995			3,995
Investment basis adjustment		(49	)		-			(49	)
Gain on disposal of Galileo		(151	)		-			(151	)
Net loss from equity method investment		146			-			146
Net loss from discontinued operations, net of tax		338			-			338
Foreign currency transaction loss		228			-			228
Provision for deferred taxes		(139	)		-			(139	)
Stock bonuses		3			-			3
Changes in operating assets and liabilities:
Accounts receivable and other receivables		108			-			108
Prepaid expenses and other assets		(148	)		-			(148	)
Investment securities		5,707			(5,707	)		-
Accounts payable and accrued expenses		456			-			456
Total adjustments		6,651			(1,712	)		4,939
Net cash provided by (used in) operating activities		351			(1,712	)		(1,361	)
Cash Flows from Investing Activities:
Purchase of other investments		(75	)		-			(75	)
Proceeds from sale of Galileo		746			-			746
Proceeds on sale of current investments		-			1,712			1,712
Return of capital on investments		10			-			10
Net cash provided by investing activities		681			1,712			2,393
Cash Flows from Financing Activities:
Issuance of common stock		2			-			2
Repurchases of common stock		(74	)		-			(74	)
Dividends paid		(340	)		-			(340	)
Net cash used in financing activities		(412	)		-			(412	)
Net increase in cash, cash equivalents, and restricted cash		620			-			620
Beginning cash, cash equivalents, and restricted cash		2,491			-			2,491
Ending cash, cash equivalents, and restricted cash	$	3,111		$	-		$	3,111