OTHER INVESTMENTS, NET

6 Months Ended

Dec. 31, 2013

Other Investments Disclosure [Text Block]

NOTE 5 – OTHER INVESTMENTS, NET

The Company may also invest, with the approval of the Securities Investment Committee and other Company guidelines, in private investment equity funds and other unlisted securities, such as convertible notes through private placements. Those investments in non-marketable securities are carried at cost on the Company’s balance sheet as part of other investments, net of other than temporary impairment losses.

Other investments, net consist of the following:

Type	December 31, 2013		June 30, 2013
Preferred stock - Comstock, at cost	$	6,659,000	$	6,659,000
Private equity hedge fund, at cost		1,102,000		1,102,000
Corporate debt and equity instruments, at cost		168,000		168,000
Warrants - at fair value		-		4,000
	$	7,929,000	$	7,933,000