OTHER INVESTMENTS, NET

3 Months Ended

Sep. 30, 2014

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 also include non-marketable warrants carried at fair value.

Other investments, net consist of the following:

Type	September 30, 2014		June 30, 2014
Preferred stock - Comstock, at cost	$	6,659,000	$	6,659,000
Private equity hedge fund, at cost		1,025,000		1,025,000
Corporate debt and equity instruments, at cost		168,000		168,000
Other preferred stock, at cost		240,000		240,000
Warrants - at fair value		82,000		118,000
	$	8,174,000	$	8,210,000