INVESTMENT IN MARKETABLE SECURITIES (Tables)

9 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

At March 31, 2019 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 March 31, 2019
Corporate
Equities	$	20,957,000	$	1,372,000	$	(11,495,000	)	$	(10,123,000	)	$	10,834,000
As of June 30, 2018
Corporate
Equities	$	22,388,000	$	2,450,000	$	(10,997,000	)	$	(8,547,000	)	$	13,841,000

Gain (Loss) on Investments [Table Text Block]

Net gains (losses) 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,	2019			2018
Realized (loss) gain on marketable securities	$	(169,000	)	$	534,000
Unrealized gain on marketable securities		850,000			102,000
Unrealized gain (loss) on marketable securities related to Comstock		280,000			(744,000	)
Net gain (loss) on marketable securities	$	961,000		$	(108,000	)

For the nine months ended March 31,	2019			2018
Realized gain on marketable securities	$	353,000		$	415,000
Unrealized (loss) gain on marketable securities		(1,352,000	)		775,000
Unrealized loss on marketable securities related to Comstock		(182,000	)		(3,498,000	)
Net loss on marketable securities	$	(1,181,000	)	$	(2,308,000	)