FAIR VALUEDISCLOSURES (Tables)

9 Months Ended

Mar. 31, 2013

Fair Value Measurements on Recurring Basis

The following table presents fair value measurements, as of March 31, 2013, for the three major categories of U.S. Global’s investments measured at fair value on a recurring basis:


	Fair Value Measurement using (in thousands)
	March 31, 2013
	Quoted Prices		Significant Other Inputs		Significant Unobservable Inputs		Total
	(Level 1)		(Level 2)		(Level 3)
Trading securities
Common stock	$	30	$	-	$	-	$	30
Mutual funds		4,057		-		-		4,057
Offshore fund		-		907		-		907

Total trading securities		4,087		907		-		4,994

Available-for-sale securities
Common stock		1,351		-		-		1,351
Venture capital investments		-		-		163		163
Mutual funds		2,764		-		-		2,764
Offshore fund		-		4,914		-		4,914

Total available-for-sale securities		4,115		4,914		163		9,192

Total Investments	$	8,202	$	5,821	$	163	$	14,186

Investments Measured at Fair Value on Recurring Basis

The following table presents additional information about investments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs to determine fair value:


Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
For the Nine Months Ended March 31, 2013 (in thousands)
	Venture Capital Investments
Beginning Balance	$	168
Return of capital		-
Total gains or losses (realized/unrealized)
Included in earnings (or changes in net assets)		-
Included in other comprehensive income		(5	)
Purchases, issuances, and settlements		-
Transfers in and/or out of Level 3		-

Ending Balance	$	163

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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