INVESTMENT IN MARKETABLE SECURITIES (Tables)

12 Months Ended

Jun. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

Trading securities are summarized as follows:

			Gross		Gross		Net		Fair
Investment	Cost		Unrealized Gain		Unrealized Loss		Unrealized Loss		Value
As of June 30, 2016
Corporate Equities	$	22,500,000	$	1,161,000	$	(9,379,000)	$	(8,218,000)	$	14,282,000
As of June 30, 2015
Corporate Equities	$	7,845,000	$	1,136,000	$	(3,154,000)	$	(2,018,000)	$	5,827,000

Gain (Loss) on Investments [Table Text Block]

Below is the composition of the two components for the years ended June 30, 2016 and 2015, respectively.

For the year ended June 30,	2016		2015
Realized loss on marketable securities	$	(990,000)	$	(1,590,000)
Unrealized loss on marketable securities		(6,199,000)		(3,062,000)
Net loss on marketable securities	$	(7,189,000)	$	(4,652,000)