INVESTMENT IN MARKETABLE SECURITIES (Tables)

12 Months Ended

Jun. 30, 2019

INVESTMENT IN MARKETABLE SECURITIES

Schedule of trading securities

At June 30, 2019 and 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 June 30, 2019
Corporate Equities	$	19,204,000	$	1,753,000	$	(11,261,000)	$	(9,508,000)	$	9,696,000
As of June 30, 2018
Corporate Equities	$	22,388,000	$	2,450,000	$	(10,997,000)	$	(8,547,000)	$	13,841,000

Schedule of net loss on marketable securities comprising of realized and unrealized gains (losses)

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, 2019 and 2018, respectively.

For the year ended June 30,	2019		2018
Realized loss on marketable securities related to Comstock	$	—	$	(6,007,000)
Realized (loss) gain on marketable securities		(806,000)		632,000
Unrealized loss on marketable securities related to Comstock		(254,000)		(2,337,000)
Unrealized (loss) gain on marketable securities		(673,000)		5,935,000
Net loss on marketable securities	$	(1,733,000)	$	(1,777,000)