FINANCIAL INFORMATION BY BUSINESS SEGMENT

9 Months Ended

Mar. 31, 2013

FINANCIAL INFORMATION BY BUSINESS SEGMENT

NOTE 12. 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
Nine months ended March 31, 2013
Net revenues	$	14,903,662	$	337,356		$	15,241,018
Net income before income taxes		155,654		324,892			480,546
Depreciation		206,329		-			206,329
Capital expenditures		39,158		-			39,158
Gross identifiable assets at March 31, 2013		24,272,585		15,457,015			39,729,600
Deferred tax asset							704,015
Consolidated total assets at March 31, 2013						$	40,433,615
Nine months ended March 31, 2012
Net revenues	$	19,171,019	$	38,556		$	19,209,575
Net income before income taxes		2,591,491		28,809			2,620,300
Depreciation		212,744		-			212,744
Capital expenditures		18,374		-			18,374
Three months ended March 31, 2013
Net revenues	$	4,766,173	$	6,078		$	4,772,251
Net income (loss) before income taxes		86,097		(330	)		85,767
Depreciation		68,752		-			68,752
Capital expenditures		-		-			-
Three months ended March 31, 2012
Net revenues	$	5,073,839	$	464,288		$	5,538,127
Net income before income taxes		336,904		458,521			795,425
Depreciation		70,586		-			70,586
Capital expenditures		5,384		-			5,384