INVESTMENT IN MARKETABLE SECURITIES (Tables)

9 Months Ended

Mar. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

At March 31, 2018 and June 30, 2017, 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 March 31, 2018
Corporate
Equities	$	24,282,000	$	2,160,000	$	(17,000,000)	$	(14,840,000)	$	9,442,000
As of June 30, 2017
Corporate
Equities	$	29,170,000	$	1,768,000	$	(13,761,000)	$	(11,993,000)	$	17,177,000

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 net loss on marketable securities for the respective periods:

For the three months ended March 31,	2018		2017
Realized gain on marketable securities	$	534,000	$	202,000
Unrealized gain on marketable securities		102,000		471,000
Unrealized loss on marketable securities related to Comstock		(744,000)		(1,063,000)
Net loss on marketable securities	$	(108,000)	$	(390,000)

For the nine months ended March 31,	2018		2017
Realized gain on marketable securities	$	415,000	$	514,000
Unrealized gain on marketable securities		775,000		414,000
Unrealized loss on marketable securities related to Comstock		(3,498,000)		(3,454,000)
Net loss on marketable securities	$	(2,308,000)	$	(2,526,000)