FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 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 December 31, 2014
Assets:	Level 1		Level 2		Level 3		Total
Other investments - warrants	$	-	$	-	$	181,000	$	181,000
Investment in marketable securities:
Basic materials		4,830,000		-		-		4,830,000
Energy		2,906,000		-		-		2,906,000
Technology and telecommunications		1,202,000		-		-		1,202,000
REITs and real estate companies		964,000		-		-		964,000
Financial services		582,000		-		-		582,000
Other		1,442,000		-		-		1,442,000
		11,926,000		-		-		11,926,000
	$	11,926,000	$	-	$	181,000	$	12,107,000

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:

									Net gain for the six months
Assets	Level 1		Level 2		Level 3		December 31, 2014		ended December 31, 2014
Other non-marketable investments	$	-	$	-	$	15,630,000	$	15,630,000	$	-

									Net gain for the six months
Assets	Level 1		Level 2		Level 3		June 30, 2014		ended December 31, 2013
Other non-marketable investments	$	-	$	-	$	15,630,000	$	15,630,000	$	-