FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 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 September 30, 2014
Assets:	Level 1		Level 2		Level 3		Total
Other investments - warrants	$	-	$	-	$	165,000	$	165,000
Investment in marketable securities:
Basic materials		3,656,000		-		-		3,656,000
Technology and telecommunications		2,276,000		-		-		2,276,000
Entertainment		1,104,000		-		-		1,104,000
REITs and real estate companies		683,000		-		-		683,000
Financial services		586,000		-		-		586,000
Other		1,011,000		-		-		1,011,000
		9,316,000		-		-		9,316,000
	$	9,316,000	$	-	$	165,000	$	9,481,000

As of June 30, 2014
Assets:	Level 1		Level 2		Level 3		Total
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

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:

Assets	Level 1		Level 2		Level 3		September 30, 2014		Net loss for the three months ended September 30, 2014
Other non-marketable investments	$	-	$	-	$	15,630,000	$	15,630,000	$	-
Assets		Level 1		Level 2		Level 3		June 30, 2014		Net loss for the three months ended September 30, 2013
Other non-marketable investments	$	-	$	-	$	15,630,000	$	15,630,000	$	-