INVESTMENT IN MARKETABLE SECURITIES

3 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 4 – INVESTMENT IN MARKETABLE SECURITIES

The Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested in corporate bonds and income producing securities, which may include interests in real estate based companies and REITs, where financial benefit could transfer to its shareholders through income and/or capital gain.

At September 30, 2016 and June 30, 2016, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments are included in earnings. Trading securities are summarized as follows:

			Gross		Gross		Net		Fair
Investment	Cost		Unrealized Gain		Unrealized Loss		Unrealized Loss		Value
As of September 30, 2016
Corporate
Equities	$	26,752,000	$	1,500,000	$	(8,942,000)	$	(7,442,000)	$	19,310,000
As of June 30, 2016
Corporate
Equities	$	22,500,000	$	1,161,000	$	(9,379,000)	$	(8,218,000)	$	14,282,000

As of September 30, 2016 and June 30, 2016, approximately 51% and 65%, respectively, of the investment marketable securities balance above is comprised of the common stock of Comstock Mining, Inc.

As of September 30, 2016 and June 30, 2016, the Company had unrealized losses of $3,846,000 and $3,620,000, respectively, related to securities held for over one year.

  

Net loss on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the two components for the respective periods:

For the three months ended September 30,	2016		2015
Realized income (loss) on marketable securities	$	419,000	$	(60,000)
Unrealized loss on marketable securities		735,000		440,000
Net gain on marketable securities	$	1,154,000	$	380,000