FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

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

The assets measured at fair value on a recurring basis are as follows:

As of June 30, 2014	Level 1		Level 2		Level 3		Total
Assets:
Other investments - warrants	$	-	$	-	$	207,000	$	207,000
Investment in marketable securities:
Basic materials		5,081,000		-		-		5,081,000
Technology		1,395,000		-		-		1,395,000
REITs and real estate companies		1,001,000		-		-		1,001,000
Financial services		820,000		-		-		820,000
Other		3,123,000		-		-		3,123,000
		11,420,000		-		-		11,420,000
	$	11,420,000	$	-	$	207,000	$	11,627,000

As of June 30, 2013	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents - money market	$	3,000	$	-	$	-	$	3,000
Other investments - warrants				-		6,000		6,000
Investment in marketable securities:
Basic materials		4,733,000		-		-		4,733,000
Technology		2,698,000		-		-		2,698,000
Financial services		2,261,000		-		-		2,261,000
REITs and real estate companies		878,000		-		-		878,000
Other		2,054,000		-		-		2,054,000
		12,624,000		-		-		12,624,000
	$	12,627,000	$	-	$	6,000	$	12,633,000

Fair Value Measurements, Nonrecurring [Table Text Block]

The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows:

									Net loss for the year
Assets	Level 1		Level 2		Level 3		June 30, 2014		ended June 30, 2014
Other non-marketable investments	$	-	$	-	$	15,630,000	$	15,630,000	$	(101,000)

									Net loss for the year
Assets	Level 1		Level 2		Level 3		June 30, 2013		ended June 30, 2013
Other non-marketable investments	$	-	$	-	$	15,274,000	$	15,274,000	$	(105,000)