FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Mar. 31, 2015

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 March 31, 2015
Assets:	Level 1		Level 2		Level 3		Total
Other investments - warrants	$	-	$	-	$	109,000	$	109,000
Investment in marketable securities:
Basic materials		2,294,000		-		-		2,294,000
Industrial goods		1,788,000		-		-		1,788,000
Financial services		1,680,000		-		-		1,680,000
Energy		1,473,000		-		-		1,473,000
REITs and real estate companies		863,000		-		-		863,000
Other		745,000		-		-		745,000
		8,843,000		-		-		8,843,000
	$	8,843,000	$	-	$	109,000	$	8,952,000

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 loss for the nine months
Assets	Level 1		Level 2		Level 3		March 31, 2015		ended March 31, 2015
Other non-marketable investments	$	-	$	-	$	15,380,000	$	15,380,000	$	400,000
									Net loss for the nine months
Assets	Level 1		Level 2		Level 3		June 30, 2014		ended March 31, 2014
Other non-marketable investments	$	-	$	-	$	15,630,000	$	15,630,000	$	-