Note 3 - Investments (Tables)

3 Months Ended

Sep. 30, 2023

Notes Tables

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

	September 30, 2023
			Significant		Significant
	Quoted		Other		Unobservable
	Prices		Inputs		Inputs
(dollars in thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Investments carried at fair value on a recurring basis:
Investments in equity securities:
Equities - International	$	421	$	-	$	4	$	425
Mutual funds - Fixed income		10,793		-		-		10,793
Mutual funds - Global equity		702		-		-		702
Total investments in equity securities:	$	11,916	$	-	$	4	$	11,920
Investments in debt securities:
Available-for-sale - Convertible debentures		-		-		6,343		6,343
Total investments carried at fair value on a recurring basis:	$	11,916	$	-	$	6,347	$	18,263
Investments carried at fair value on a nonrecurring basis:
Other investments (1)	$	-	$	-	$	435	$	435

	June 30, 2023
			Significant		Significant
	Quoted		Other		Unobservable
	Prices		Inputs		Inputs
(dollars in thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Investments carried at fair value on a recurring basis:
Investments in equity securities:
Equities - International	$	488	$	-	$	290	$	778
Mutual funds - Fixed income		11,642		-		-		11,642
Mutual funds - Global equity		785		-		-		785
Total investments in equity securities:	$	12,915	$	-	$	290	$	13,205
Investments in debt securities:
Available-for-sale - Convertible debentures		-		-		7,008		7,008
Total investments carried at fair value on a recurring basis:	$	12,915	$	-	$	7,298	$	20,213
Investments carried at fair value on a nonrecurring basis:
Other investments (1)	$	-	$	-	$	1,786	$	1,786

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Three Months Ended September 30, 2023
	Investments in			Investments in
(dollars in thousands)	equity securities			debt securities
Beginning Balance	$	290		$	7,008
Principal repayments		-			(750	)
Amortization of day one premium		-			(51	)
Accretion of bifurcation discount		-			150
Total gains or losses included in:
Net Investment Income (Loss)		(286	)		257
Other Comprehensive Loss		-			(271	)
Ending Balance	$	4		$	6,343

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	September 30, 2023
(dollars in thousands)	Fair Value		Principal Valuation Techniques	Unobservable Inputs
Investments in equity securities:
Common share purchase warrants	$	4	Option pricing model	Volatility	90.0	%
				Risk-Free Rate	5.1	%
Investments in debt securities:
Available-for-sale - Convertible debentures	$	6,343	Binomial lattice model	Volatility	90.0	%
				Credit Spread	10.4	%
				Risk-Free Rate	4.7	%

Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]

	September 30, 2023
(dollars in thousands)	Cost		Unrealized Gains (Losses)			Fair Value
Equity securities at fair value
Equities - International	$	6,680	$	(6,255	)	$	425
Equities - Domestic		45		(45	)		-
Mutual funds - Fixed income		11,097		(304	)		10,793
Mutual funds - Global equity		929		(227	)		702
Total equity securities at fair value	$	18,751	$	(6,831	)	$	11,920

	June 30, 2023
(dollars in thousands)	Cost		Unrealized Gains (Losses)			Fair Value
Equity securities at fair value
Equities - International	$	6,679	$	(5,901	)	$	778
Equities - Domestic		45		(45	)		-
Mutual funds - Fixed income		11,947		(305	)		11,642
Mutual funds - Global equity		930		(145	)		785
Total equity securities at fair value	$	19,601	$	(6,396	)	$	13,205

	September 30, 2023
(dollars in thousands)	Amortized Cost		Gross Unrealized Gains in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Net Investment Income (Loss) (1)			Fair Value		Allowance for Credit Losses
Available-for-sale - Convertible debentures	$	7,414	$	1,436	$	-	$	(2,507	)	$	6,343	$	-

	June 30, 2023
(dollars in thousands)	Amortized Cost		Gross Unrealized Gains in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Net Investment Income (Loss) (1)			Fair Value		Allowance for Credit Losses
Available-for-sale - Convertible debentures	$	7,729	$	1,707	$	-	$	(2,428	)	$	7,008	$	-

	September 30, 2023
(dollars in thousands)	Amortized Cost		Gross Unrecognized Holding Gains		Gross Unrecognized Holding Losses			Fair Value		Allowance for Credit Losses
Held-to-maturity - Debentures (1)	$	1,000	$	-	$	(205	)	$	795	$	205

	June 30, 2023
(dollars in thousands)	Amortized Cost		Gross Unrecognized Holding Gains		Gross Unrecognized Holding Losses			Fair Value		Allowance for Credit Losses
Held-to-maturity - Debentures (1)	$	1,000	$	-	$	(232	)	$	768	$	-

Schedule of Derivative Instruments [Table Text Block]

	September 30, 2023		June 30, 2023
	Other Assets		Other Assets
	Investments in		Investments in
	available-for-sale		available-for-sale
(dollars in thousands)	debt securities		debt securities
Embedded Derivatives:
Equity price risk exposure	$	35	$	114

	Three Months Ended
	September 30,
	2023			2022
	Other Income (Loss)			Other Income (Loss)
(dollars in thousands)	Net Investment Income (Loss)			Net Investment Income (Loss)
Embedded Derivatives:
Equity price risk exposure	$	(79	)	$	-

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]

(dollars in thousands)	September 30, 2023
Beginning Balance, prior to adoption of ASU 2016-13	$	-
Impact of ASU 2016-13 adoption		232
Provision for credit losses - reversal (1)		(27	)
Ending Balance	$	205

Investments Classified by Contractual Maturity Date [Table Text Block]

	September 30, 2023
	Available-for-sale		Held-to-maturity
	debt securities		debt securities
	Convertible		Due after one year
(dollars in thousands)	debentures (1)		through five years
Amortized Cost	$	7,414	$	1,000
Fair Value	$	6,343	$	795

Equity Securities without Readily Determinable Fair Value [Table Text Block]

	Three Months Ended
	September 30,
(dollars in thousands)	2023			2022
Other Investments
Carrying value	$	1,613		$	2,630
Upward carrying value changes	$	-		$	-
Downward carrying value changes/impairment	$	(775	)	$	(1,839	)

Investment Income [Table Text Block]

	Three Months Ended
(dollars in thousands)	September 30,
Net Investment Income (Loss)	2023			2022
Realized losses on equity securities	$	(818	)	$	-
Realized gains on debt securities		336			469
Unrealized losses on equity securities		(443	)		(1,930	)
Unrealized losses on embedded derivatives		(79	)		-
Unrealized losses on cash equivalents		(1	)		-
Dividend and interest income		582			418
Realized foreign currency losses		(90	)		(417	)
Total Net Investment Income (Loss)	$	(513	)	$	(1,460	)

Unrealized Gain (Loss) on Investments [Table Text Block]

	Three Months Ended
	September 30,
(dollars in thousands)	2023			2022
Net gains and losses recognized during the period on equity securities	$	(1,261	)	$	(1,930	)
Less: Net gains and losses recognized during the period on equity securities sold during the period		(43	)		-
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date (1)	$	(1,218	)	$	(1,930	)