Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurement on Recurring Basis

The assets and liabilities measured at fair value on a recurring basis are as follows:

As of	March 31, 2021			June 30, 2020
Assets:	Total - Level 1			Total - Level 1
Investment in marketable securities:
REITs and real estate companies	$	11,190,000		$	2,365,000
Financial services		7,033,000			282,000
Energy		5,977,000			767,000
Industrials		3,294,000			484,000
Basic material		3,055,000			1,209,000
Consumer cyclical		2,350,000			295,000
Technology		1,397,000			121,000
Healthcare		1,285,000			43,000
Other		736,000			38,000
Communication services		679,000			157,000
Corporate bonds		-			417,000
Liabilities:
Due to securities broker:		(9,021,000	)		(1,576,000	)
Obligations for securities sold:		(5,261,000	)		(294,000	)
	$	22,714,000		$	4,308,000

Schedule of Fair Value Measurements on Non-recurring Basis

The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows:

					Net loss for the nine months ended
Assets	Level 3		March 31, 2021		March 31, 2021
Other non-marketable investments	$	41,000	$	41,000	$	(119,000	)

						Net loss for the nine months ended
Assets		Level 3		June 30, 2020		March 31, 2020
Other non-marketable investments	$	278,000	$	278,000	$	(103,000	)