INCOME TAXES (Details 2) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Deferred tax assets:
Net operating loss carryforwards	$ 8,980,000	$ 9,343,000
Capital loss carryforwards	192,000	615,000
Investment impairment reserve	2,049,000	1,803,000
Accruals and reserves	668,000	500,000
Valuation allowance	(1,298,000)	(752,000)
Deferred Tax Assets, Net	10,591,000	11,509,000
Deferred tax liabilities:
Deferred gains on real estate sale	(9,648,000)	(8,819,000)
Unrealized gains on marketable securities	(4,254,000)	(6,426,000)
Depreciation and amortization	(315,000)	246,000
Equity earnings	(1,266,000)	(44,000)
State taxes	(89,000)	(2,453,000)
Deferred Income Tax Liabilities	(15,572,000)	(17,496,000)
Net deferred tax liability	$ (4,981,000)	$ (5,987,000)