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INVESTMENT IN MARKETABLE SECURITIES
 12 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
NOTE 5 - INVESTMENT IN MARKETABLE SECURITIES
 
The Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested in corporate bonds and income producing securities, which may include interests in real estate based companies and REITs, where financial benefit could insure to its shareholders through income and/or capital gain.
 
At June 30, 2018 and 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 June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate Equities
 
$
22,388,000
 
 
$
2,450,000
 
 
$
(10,997,000
)
 
$
(8,547,000
)
 
$
13,841,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2018 and 2017, approximately 7% and 28% of the investment marketable securities balance above is comprised of the common stock of Comstock Mining Inc.
 
As of June 30, 2018 and 2017, the Company had $10,819,000 and $13,294,000, respectively, of unrealized losses related to securities held for over one year.
 
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, 2018 and 2017, respectively.
 
For the year ended June 30,
 
2018
 
 
2017
 
Realized loss on marketable securities related to Comstock
 
$
(6,007,000
)
 
$
-
 
Realized gain on marketable securities
 
 
632,000
 
 
 
356,000
 
Unrealized loss on marketable securities related to Comstock
 
 
(2,337,000
)
 
 
(4,517,000
)
Unrealized gain on marketable securities
 
 
5,935,000
 
 
 
665,000
 
Net loss on marketable securities
 
$
(1,777,000
)
 
$
(3,496,000
)