FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Mar. 31, 2016

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 March 31, 2016
Assets:	Level 1		Level 3		Total
Investment in marketable securities:
Basic materials	$	5,060,000	$	-	$	5,060,000
Other		839,000		-		839,000
	$	5,899,000	$	-	$	5,899,000

As of June 30, 2015
Assets:	Level 1		Level 3		Total
Other investments - warrants	$	-	$	52,000	$	52,000
Investment in marketable securities:
Basic materials		1,392,000		-		1,392,000
Other		563,000		-		563,000
		1,955,000		-		1,955,000
	$	1,955,000	$	52,000	$	2,007,000

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 nine months
Assets	Level 3		March 31, 2016		ended March 31, 2016
Other non-marketable investments	$	663,000	$	663,000	$	(312,000)

					Net loss for the nine months
Assets	Level 3		June 30, 2015		ended March 31, 2015
Other non-marketable investments	$	7,659,000	$	7,659,000	$	(248,000)