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INVESTMENT IN MARKETABLE SECURITIES
 6 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
NOTE 5 - 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 December 31, 2018 and June 30, 2018, 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 December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate Equities
 
$
10,596,000
 
 
$
173,000
 
 
$
(8,966,000
)
 
$
(8,793,000
)
 
$
1,803,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate Equities
 
$
12,187,000
 
 
$
721,000
 
 
$
(8,469,000
)
 
$
(7,748,000
)
 
$
4,439,000
 
 
As of December 31, 2018, and June 30, 2018, approximately 20% and 16%, respectively, of the investment marketable securities balance above is comprised of the common stock of Comstock Mining, Inc. (“Comstock” - NYSE AMERICAN: LODE).
 
As of December 31, 2018, and June 30, 2018, the Company had $8,785,000 and $8,433,000 respectively, of unrealized losses related to securities held for over one year. As of December 31, 2018, and June 30, 2018, unrealized losses related to the Company’s investment in Comstock were $8,709,000 and $8,369,000, respectively.
 
Net loss on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the net loss on marketable securities for the three and six months ended December 31, 2018 and 2017, respectively.
 
For the three months ended December 31,
 
2018
 
 
2017
 
Realized gain on marketable securities
 
$
249,000
 
 
$
5,000
 
Unrealized (loss) gain on marketable securities
 
 
(635,000
)
 
 
203,000
 
Unrealized loss on marketable securities related to Comstock
 
 
(75,000
)
 
 
(1,053,000
)
Net loss on marketable securities
 
$
(461,000
)
 
$
(845,000
)
 
For the six months ended December 31,
 
2018
 
 
2017
 
Realized gain (loss) on marketable securities
 
$
290,000
 
 
$
(70,000
)
Unrealized (loss) gain on marketable securities
 
 
(687,000
)
 
 
168,000
 
Unrealized loss on marketable securities related to Comstock
 
 
(341,000
)
 
 
(1,380,000
)
Net loss on marketable securities
 
$
(738,000
)
 
$
(1,282,000
)