OTHER INVESTMENTS, NET

3 Months Ended

Sep. 30, 2011

Other Investments [Abstract]

Other Investments Disclosure [Text Block]

NOTE 6 – OTHER INVESTMENTS, NET

The Company may also invest, with the approval of the Securities Investment Committee and other Company guidelines, in private investment equity funds and other unlisted securities, such as convertible notes through private placements. Those investments in non-marketable securities are carried at cost on the Company’s balance sheet as part of other investments, net of other than temporary impairment losses.

Other investments, net consist of the following:

Type	September 30, 2011		June 30, 2011
Preferred stock - Comstock, at cost	$	13,231,000	$	13,231,000
Private equity hedge fund, at cost		2,339,000		2,736,000
Corporate debt and equity instruments, at cost		269,000		569,000
Warrants - at fair value		434,000		749,000
	$	16,273,000	$	17,285,000

During the three months September 30, 2011 and 2010, the Company recorded impairment losses of $417,000 and $230,000, respectively.