INVESTMENT IN MARKETABLE SECURITIES (Tables)

12 Months Ended

Jun. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

At June 30, 2017 and 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 June 30, 2017
Corporate Equities	$	29,170,000	$	1,768,000	$	(13,761,000)	$	(11,993,000)	$	17,177,000
As of June 30, 2016
Corporate Equities	$	22,500,000	$	1,161,000	$	(9,379,000)	$	(8,218,000)	$	14,282,000

Gain (Loss) on Investments [Table Text Block]

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 years ended June 30, 2017 and 2016, respectively.

For the year ended June 30,	2017		2016
Realized gain (loss) on marketable securities	$	356,000	$	(990,000)
Unrealized loss on marketable securities		(3,852,000)		(6,199,000)
Net loss on marketable securities	$	(3,496,000)	$	(7,189,000)