INVESTMENT IN MARKETABLE SECURITIES

3 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 4 - INVESTMENT IN MARKETABLE SECURITIES

The Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested in corporate bonds and income producing securities, which may include interests in real estate based companies and REITs, where financial benefit could transfer to its shareholders through income and/or capital gain.

At September 30, 2016 and June 30, 2016, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments are included in earnings. Trading securities are summarized as follows:

			Gross		Gross		Net		Fair
Investment	Cost		Unrealized Gain		Unrealized Loss		Unrealized Loss		Value
As of September 30, 2016
Corporate
Equities	$	11,672,000	$	393,000	$	(4,325,000)	$	(3,932,000)	$	7,740,000
As of June 30, 2016
Corporate
Equities	$	10,613,000	$	435,000	$	(4,690,000)	$	(4,255,000)	$	6,358,000

As of September 30, 2016 and June 30, 2016, approximately 64% and 74%, respectively, of the investment marketable securities balance above is comprised of the common stock of Comstock Mining, Inc.

As of September 30, 2016 and June 30, 2016, the Company had $1,814,000 and $1,770,000, respectively, of unrealized losses related to securities held for over one year.

Net loss on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the two components for the three months ended September 30, 2016 and 2015, respectively.

For the three months ended September 30,	2016		2015
Realized gain (loss) on marketable securities	$	120,000	$	(23,000)
Unrealized gain on marketable securities		305,000		201,000
Net gain on marketable securities	$	425,000	$	178,000