INVESTMENT IN MARKETABLE SECURITIES

6 Months Ended

Dec. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 4 - INVESTMENT IN MARKETABLE SECURITIES

The Company’s investment in marketable securities consists primarily of corporate equities. The Company has also invested in corporate bonds and income producing securities, which may include interests in real estate based companies and REITs, where financial benefit could insure to its shareholders through income and/or capital gain.

At December 31, 2012 and June 30, 2012, 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 Gain		Value
As of December 31, 2013
Corporate
Equities	$	3,465,000	$	1,632,000	$	(966,000	)	$	666,000	$	4,131,000
As of June 30, 2012
Corporate
Equities	$	3,038,000	$	1,970,000	$	(958,000	)	$	1,012,000	$	4,050,000

As of December 31, 2012 and June 30, 2012, the Company had $956,000 and $756,000, respectively, of unrealized losses 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 the two components for the three and six months ended December 31, 2012 and 2011, respectively.

For the three months ended December 31,	2012			2011
Realized (loss) gain on marketable securities	$	(8,000	)	$	48,000
Unrealized loss on marketable securities		(1,124,000	)		(233,000	)
Net loss on marketable securities	$	(1,132,000	)	$	(185,000	)

For the six months ended December 31,	2012			2011
Realized gain (loss) on marketable securities	$	34,000		$	(503,000	)
Unrealized loss on marketable securities		(383,000	)		(1,727,000	)
Net loss on marketable securities	$	(349,000	)	$	(2,230,000	)