FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

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 June 30, 2014
Assets:	Level 1		Level 2		Level 3		Total
Other investments - warrants	$	-	$	-	$	118,000	$	118,000
Investment in marketable securities:
Basic materials		2,657,000		-		-		2,657,000
Technology		479,000		-		-		479,000
Financial services		287,000		-		-		287,000
REITs and real estate companies		278,000		-		-		278,000
Other		1,230,000		-		-		1,230,000
		4,931,000		-		-		4,931,000
	$	4,931,000	$	-	$	118,000	$	5,049,000

As of June 30, 2013
Assets:	Level 1		Level 2		Level 3		Total
Cash equivalents - money market	$	3,000	$	-	$	-	$	3,000
Other investments - warrants		-		-		4,000		4,000
Investment in marketable securities:
Basic materials		2,420,000		-		-		2,420,000
Technology		989,000		-		-		989,000
Financial services		838,000		-		-		838,000
REITs and real estate companies		291,000		-		-		291,000
Other		667,000		-		-		667,000
		5,205,000		-		-		5,205,000
	$	5,208,000	$	-	$	4,000	$	5,212,000

Fair Value Measurements, Nonrecurring [Table Text Block]

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 year
Assets	Level 1		Level 2		Level 3		June 30, 2014		ended June 30, 2014
Other non-marketable investments	$	-	$	-	$	8,092,000	$	8,092,000	$	(63,000)

									Net loss for the year
Assets	Level 1		Level 2		Level 3		June 30, 2013		ended June 30, 2013
Other non-marketable investments	$	-	$	-	$	7,929,000	$	7,929,000	$	(62,000)