OTHER INVESTMENTS, NET

6 Months Ended

Dec. 31, 2016

Other Investments Disclosure [Text Block]

NOTE 5 – OTHER INVESTMENTS, NET

The Company may also invest, with the approval of the securities investment committee and other Company guidelines, in private investment equity funds and other unlisted securities, such as convertible notes through private placements. Those investments in non-marketable securities are carried at cost on the Company’s balance sheet as part of other investments, net of other than temporary impairment losses. Other investments also include non-marketable warrants carried at fair value.

Other investments, net consist of the following:

Type	December 31, 2016		June 30, 2016
Private equity hedge fund, at cost	$	916,000	$	916,000
Other preferred stock, at cost		69,000		113,000
	$	985,000	$	1,029,000