FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

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

As of March 31, 2013
Assets:	Level 1		Level 2		Level 3		Total
Cash equivalents - money market	$	3,000	$	-	$	-	$	3,000
Other investments - warrants		-		-		11,000		11,000
Investment in marketable securities:
Basic materials		2,390,000		-		-		2,390,000
Technology		798,000		-		-		798,000
Financial services		720,000		-		-		720,000
REITs and real estate companies		147,000		-		-		147,000
Other		916,000		-		-		916,000
		4,971,000		-		-		4,971,000
	$	4,974,000	$	-	$	11,000	$	4,985,000

As of June 30, 2012
Assets:	Level 1		Level 2		Level 3		Total
Cash equivalents - money market	$	3,000	$	-	$	-	$	3,000
Other investments - warrants		-		-		180,000		180,000
Investment in marketable securities:
Basic materials		2,475,000		-		-		2,475,000
Technology		379,000		-		-		379,000
Financial services		337,000		-		-		337,000
REITs and real estate companies		205,000		-		-		205,000
Other		654,000		-		-		654,000
		4,050,000		-		-		4,050,000
	$	4,053,000	$	-	$	180,000	$	4,233,000

Fair Value Measurements, Nonrecurring [Table Text Block]

Financial assets that are measured at fair value on a non-recurring basis and are not included in the tables above include “Other investments, net (non-marketable securities),” that were initially measured at cost and have been written down to fair value as a result of impairment or adjusted to record the fair value of new instruments received (i.e., preferred shares) in exchange for old instruments (i.e., debt instruments). 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
Assets	Level 1		Level 2		Level 3		March 31, 2013		ended March 31, 2013

Other non-marketable investments	$	-	$	-	$	7,991,000	$	7,991,000	$	-

									Net loss for the nine months
Assets	Level 1		Level 2		Level 3		June 30, 2012		ended March 31, 2012

Other non-marketable investments	$	-	$	-	$	7,991,000	$	7,991,000	$	(427,000)

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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