FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 2016

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:

	12/31/2016		6/30/2016
As of	Total - Level 1		Total - Level 1
Assets:
Investment in marketable securities:
Basic materials	$	7,165,000	$	9,273,000
Energy		3,318,000		1,907,000
Corporate bonds		1,584,000		-
REITs and real estate companies		1,416,000		-
Financial services		590,000		1,021,000
Other		2,971,000		2,081,000
	$	17,044,000	$	14,282,000

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 six months
Assets	Level 3		December 31, 2016		ended December 31, 2016
Other non-marketable investments	$	985,000	$	985,000	$	(44,000)

					Net loss for the six months
Assets	Level 3		June 30, 2016		ended December 31, 2015
Other non-marketable investments	$	1,029,000	$	1,029,000	$	(287,000)