INVESTMENT IN MARKETABLE SECURITIES

3 Months Ended

Sep. 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 transfer to its shareholders through income and/or capital gain.

At September 30, 2018 and June 30, 2018, 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 September 30, 2018
Corporate
Equities	$	22,653,000	$	2,882,000	$	(11,530,000	)	$	(8,648,000	)	$	14,005,000
As of June 30, 2018
Corporate
Equities	$	22,388,000	$	2,450,000	$	(10,997,000	)	$	(8,547,000	)	$	13,841,000

As of September 30, 2018, and June 30, 2018, the Company had unrealized losses of $11,257,000 and $10,819,000, respectively, 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 net loss on marketable securities for the respective periods:

For the three months ended March 31,	2018			2017
Realized loss on marketable securities	$	(8,000	)	$	(300,000	)
Unrealized gain (loss) on marketable securities		217,000			(191,000	)
Unrealized loss on marketable securities related to Comstock		(380,000	)		(531,000	)
Net loss on marketable securities	$	(171,000	)	$	(1,022,000	)