FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 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 September 30, 2014
Assets:	Level 1		Level 2		Level 3		Total
Other investments - warrants	$	-	$	-	$	82,000	$	82,000
Investment in marketable securities:
Basic materials		1,900,000		-		-		1,900,000
Technology and telecommunications		1,040,000						1,040,000
Entertainment		457,000						457,000
Financial services		234,000		-		-		234,000
REITs and real estate companies		170,000		-		-		170,000
Other		195,000		-		-		195,000
		3,996,000		-		-		3,996,000
	$	3,996,000	$	-	$	82,000	$	4,078,000

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

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 three months
Assets	Level 1		Level 2		Level 3		September 30, 2014		ended September 30, 2014
Other non-marketable investments	$	-	$	-	$	8,092,000	$	8,092,000	$	-

										Net loss for the three months
Assets		Level 1		Level 2	Level 3			June 30, 2014		ended September 30, 2013
Other non-marketable investments	$	-	$	-	$	8,092,000	$	8,092,000	$	-