OTHER ASSETS, NET

12 Months Ended

Jun. 30, 2018

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets Disclosure [Text Block]

NOTE 8 – OTHER ASSETS, NET

Other assets consist of the following as of June 30:

	2018		2017
Accounts receivable, net	$	1,843,000	$	1,489,000
Prepaid expenses		490,000		602,000
Miscellaneous assets, net		1,159,000		1,274,000
Tax Refund Receivable		1,693,000		-
Total other assets	$	5,185,000	$	3,365,000

As mentioned in Note 5 – Investment in Marketable Securities, the Company had realized loss of $6,007,000 in the current fiscal year related to the sale of common stock of Comstock. The Company plans to file a carry back claim to carry back this loss to fiscal year ended June 30, 2015. The carry back claim will generate a federal income tax refund of approximately $1,975,000 which is included in other assets in the consolidated balance sheet as of June 30, 2018.