FINANCIAL INFORMATIONBY BUSINESSSEGMENT

3 Months Ended

Sep. 30, 2012

FINANCIAL INFORMATIONBY BUSINESSSEGMENT

NOTE 10. FINANCIAL INFORMATION BY BUSINESS SEGMENT

The Company operates principally in two business segments: providing investment management services to the funds it manages 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:

	Investment Management Services			Corporate Investments			Consolidated
Three months ended September 30, 2012
Net revenues	$	4,777,461		$	200,105		$	4,977,566
Net income (loss) before income taxes		(109,528	)		199,064			89,536
Depreciation		68,747			-			68,747
Capital expenditures		-			-			-
Gross identifiable assets at September 30, 2012		25,766,062			14,418,776			40,184,838
Deferred tax asset								922,943
Consolidated total assets at September 30, 2012							$	41,107,781
Three months ended September 30, 2011
Net revenues	$	8,358,229		$	(566,321	)	$	7,791,908
Net income (loss) before income taxes		1,729,416			(567,330	)		1,162,086
Depreciation		71,458			-			71,458
Capital expenditures		-			-			-