NOTE 6 – 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	June 30, 2014		June 30, 2013
Preferred stock - Comstock, at cost	$	6,659,000	$	6,659,000
Private equity hedge fund, at cost		1,025,000		1,102,000
Corporate debt and equity instruments, at cost		168,000		168,000
Other preferred stock		240,000		-
Warrants - at fair value		118,000		4,000
	$	8,210,000	$	7,933,000

As of June 30, 2014 and 2013, the Company had investments in corporate debt and equity instruments which had attached warrants that were considered derivative instruments. These warrants have an allocated cost basis of $267,000 and $257,000, respectively, as of June 30, 2014 and 2013 and a fair value of $118,000 and $4,000, respectively, as of June 30, 2014 and 2013. During the years ended June 30, 2014 and 2013, the Company had an unrealized gain of $104,000 and an unrealized loss of $176,000, respectively, related to these warrants.