INVESTMENT IN MARKETABLE SECURITIES (Tables)

12 Months Ended

Jun. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

At June 30, 2012 and 2011, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments are included in earnings. Trading securities are summarized as follows:

			Gross		Gross			Net		Fair
Investment	Cost		Unrealized Gain		Unrealized Loss			Unrealized Gain		Value
As of June 30, 2012
Corporate
Equities	$	7,181,000	$	3,797,000	$	(1,997,000	)	$	1,800,000	$	8,981,000
As of June 30, 2011
Corporate
Equities	$	15,288,000	$	6,147,000	$	(1,997,000	)	$	4,150,000	$	19,438,000

Gain (Loss) on Investments [Table Text Block]

Net gain (loss) on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the two components for the years ended June 30, 2012 and 2011, respectively.

For the year ended June 30,	2012			2011
Realized (loss) gain on marketable securities	$	(2,628,000	)	$	47,000
Unrealized (loss) gain on marketable securities		(1,816,000	)		2,628,000
Net (loss) gain on marketable securities	$	(4,444,000	)	$	2,675,000