OTHER INVESTMENTS, NET

12 Months Ended

Jun. 30, 2017

Other Investments [Abstract]

Other Investments Disclosure [Text Block]

NOTE 6 – 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. 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, net consist of the following:

Type	June 30, 2017		June 30, 2016
Private equity hedge fund, at cost	$	782,000	$	916,000
Other investments		429,000		113,000
	$	1,211,000	$	1,029,000