U.S. Global Investors (GROW) 10-Q 12 Feb 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2018	Jan. 28, 2019
Document Information [Line Items]
Entity Registrant Name	U S GLOBAL INVESTORS INC
Document Type	10-Q
Current Fiscal Year End Date	--06-30
Amendment Flag	false
Entity Central Index Key	754,811
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,067,537
Common Class C [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,068,857

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018
Current Assets
Cash and cash equivalents	$ 6,055	$ 6,364
Restricted cash	1,000	1,000
Investments in securities at fair value	8,798	8,179
Accounts and other receivables	377	1,216
Note receivable	70	35
Prepaid expenses	377	328
Total Current Assets	16,677	17,122
Net Property and Equipment	1,854	1,970
Other Assets
Deferred tax asset, long term	38	0
Investments in securities at fair value, non-current	3,592	7,086
Other investments	602	2,207
Equity method investments	219	283
Note receivable, non-current	164	199
Other assets, non-current	75	65
Total Other Assets	4,690	9,840
Total Assets	23,221	28,932
Current Liabilities
Accounts payable	224	198
Accrued compensation and related costs	352	645
Dividends payable	114	113
Other accrued expenses	941	817
Total Current Liabilities	1,631	1,773
Long-Term Liabilities
Deferred tax liability	60	1,099
Total Long-Term Liabilities	60	1,099
Total Liabilities	1,691	2,872
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Additional paid-in-capital	15,649	15,650
Treasury stock, class A shares at cost; 799,154 and 790,445 shares at December 31, 2018, and June 30, 2018, respectively	(1,885)	(1,878)
Accumulated other comprehensive income (loss), net of tax	(258)	1,858
Retained earnings	7,015	9,513
Total U.S. Global Investors Inc. Shareholders’ Equity	20,920	25,542
Non-Controlling Interest in Subsidiary	610	518
Total Shareholders’ Equity	21,530	26,060
Total Liabilities and Shareholders’ Equity	23,221	28,932
Common Class A [Member]
Shareholders’ Equity
Common stock, value	347	347
Common Class B [Member]
Shareholders’ Equity
Common stock, value	0	0
Common Class C [Member]
Shareholders’ Equity
Common stock, value	$ 52	$ 52

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2018	Jun. 30, 2018
Common Class A [Member]
Common stock; par value (in Dollars per share)	$ 0.025	$ 0.025
Common stock, shares authorized	28,000,000	28,000,000
Common stock, shares issued	13,866,691	13,866,691
Treasury stock, class A shares at cost; shares	799,154	790,445
Common Class B [Member]
Common stock; par value (in Dollars per share)	$ 0.025	$ 0.025
Common stock, shares authorized	4,500,000	4,500,000
Common stock, shares issued	0	0
Common Class C [Member]
Common stock; par value (in Dollars per share)	$ 0.025	$ 0.025
Common stock, shares authorized	3,500,000	3,500,000
Common stock, shares issued	2,068,857	2,068,857

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Operating Revenues
Revenues	$ 1,799	$ 1,993	$ 3,022	$ 3,483
Operating Expenses
Employee compensation and benefits	973	1,140	1,771	2,041
General and administrative	1,051	914	2,061	1,862
Advertising	40	27	80	86
Depreciation and amortization	57	61	115	122
	2,121	2,142	4,027	4,111
Operating Loss	(322)	(149)	(1,005)	(628)
Other Income (Loss)
Investment income (loss)	(3,395)	243	(4,302)	452
Income (loss) from equity method investments	(48)	1,218	(55)	2,731
Other income	17	14	26	17
	(3,426)	1,475	(4,331)	3,200
Income (Loss) Before Income Taxes	(3,748)	1,326	(5,336)	2,572
Provision for Income Taxes
Tax expense (benefit)	(733)	442	(1,089)	452
Net Income (Loss)	(3,015)	884	(4,247)	2,120
Less: Net Income Attributable to Non-Controlling Interest	196	135	113	101
Net Income (Loss) Attributable to U.S. Global Investors, Inc.	$ (3,211)	$ 749	$ (4,360)	$ 2,019
Earnings Per Share Attributable to U.S. Global Investors, Inc.
Basic (in Dollars per share)	$ (0.21)	$ 0.05	$ (0.29)	$ 0.13
Diluted (in Dollars per share)	$ (0.21)	$ 0.05	$ (0.29)	$ 0.13
Basic weighted average number of common shares outstanding (in Shares)	15,145,702	15,160,589	15,145,293	15,171,620
Diluted weighted average number of common shares outstanding (in Shares)	15,145,702	15,160,589	15,145,293	15,171,620
Investment and Advisory Services [Member]
Operating Revenues
Revenues	$ 1,756	$ 1,929	$ 2,926	$ 3,362
Administrative Service [Member]
Operating Revenues
Revenues	$ 43	$ 64	$ 96	$ 121

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Net Income (Loss) Attributable to U.S. Global Investors, Inc.		$ (3,211)	$ 749	$ (4,360)	$ 2,019
Other Comprehensive Income (Loss), Net of Tax:
Unrealized gains on available-for-sale securities arising during period 1	[1]	0	4,277	0	13,417
Less: reclassification adjustment for gains/losses included in net income 1	[1]	0	(24)	0	(31)
Net change from available-for-sale investments, net of tax 1	[1]	0	4,253	0	13,386
Foreign currency translation adjustment		(75)	16	(48)	71
Other Comprehensive Income (Loss)		(75)	4,269	(48)	13,457
Comprehensive Income (Loss)		(3,286)	5,018	(4,408)	15,476
Less: Comprehensive Income (Loss) Attributable to Non-Controlling Interest		(29)	(1)	(21)	18
Comprehensive Income (Loss) Attributable to U.S. Global Investors, Inc.		$ (3,257)	$ 5,019	$ (4,387)	$ 15,458
[1]	Effective July 1, 2018, upon the adoption of ASU 2016-01, the Company no longer has an available-for-sale category for equity securities for which changes in fair value are recognized in other comprehensive income (loss). See Note 1.

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class C [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance at Jun. 30, 2017	$ 347	$ 52	$ 15,646	$ (1,760)	$ 264	$ 9,321	$ 484	$ 24,354
Purchases of shares of Common Stock (class A)				(131)				(131)
Issuance of stock under ESPP of shares of Common Stock (class A)				3				3
Dividends declared						(228)		(228)
Stock bonuses			1	12				13
Other comprehensive income, net of tax					13,439		18	13,457
Net income (loss)						2,019	101	2,120
Balance at Dec. 31, 2017	347	52	15,647	(1,876)	13,703	11,112	603	39,588
Balance at Sep. 30, 2017	347	52	15,645	(1,770)	9,433	10,477	469	34,653
Purchases of shares of Common Stock (class A)				(117)				(117)
Issuance of stock under ESPP of shares of Common Stock (class A)			1					1
Dividends declared						(114)		(114)
Stock bonuses			1	11				12
Other comprehensive income, net of tax					4,270		(1)	4,269
Net income (loss)						749	135	884
Balance at Dec. 31, 2017	347	52	15,647	(1,876)	13,703	11,112	603	39,588
Balance at Jun. 30, 2018	347	52	15,650	(1,878)	1,858	9,513	518	26,060
Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049					(2,089)	2,089		0
Balance at Jul. 01, 2018	347	52	15,650	(1,878)	(231)	11,602	518	26,060
Balance at Jun. 30, 2018	347	52	15,650	(1,878)	1,858	9,513	518	26,060
Purchases of shares of Common Stock (class A)				(15)				(15)
Issuance of stock under ESPP of shares of Common Stock (class A)			(1)	4				3
Dividends declared						(227)		(227)
Stock bonuses			(2)	4				2
Stock-based compensation expense			2					2
Other comprehensive income, net of tax					(27)		(21)	(48)
Net income (loss)						(4,360)	113	(4,247)
Balance at Dec. 31, 2018	347	52	15,649	(1,885)	(258)	7,015	610	21,530
Balance at Sep. 30, 2018	347	52	15,651	(1,876)	(212)	10,453	443	24,858
Purchases of shares of Common Stock (class A)				(13)				(13)
Issuance of stock under ESPP of shares of Common Stock (class A)			(1)	2				1
Dividends declared						(227)		(227)
Stock bonuses			(1)	2				1
Other comprehensive income, net of tax					(46)		(29)	(75)
Net income (loss)						(3,211)	196	(3,015)
Balance at Dec. 31, 2018	$ 347	$ 52	$ 15,649	$ (1,885)	$ (258)	$ 7,015	$ 610	$ 21,530

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Parentheticals) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Reclassification pursuant to adoption of ASU 2016-01, tax (in Dollars)	$ 1,049
Common Class A [Member]
Purchases of shares of Common Stock (class A)		11,000	36,748	12,000	45,947
Common Stock [Member] | Common Class A [Member]
Balance shares	13,866,691	13,866,691	13,866,601	13,866,691	13,866,601
Balance shares		13,866,691	13,866,691	13,866,691	13,866,691
Purchases of shares of Common Stock (class A)		11,000	36,748	12,000	45,947
Issuance of stock under ESPP		863	449	1,491	1,429
Conversion of shares			90		90
Common Stock [Member] | Common Class C [Member]
Balance shares	2,068,857	2,068,857	2,068,947	2,068,857	2,068,947
Balance shares		2,068,857	2,068,857	2,068,857	2,068,857
Conversion of shares			(90)		(90)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash Flows from Operating Activities:
Net income (loss)	$ (4,247)	$ 2,120
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	115	122
Net recognized loss on securities	86	675
Net (income) loss from equity method investment	55	(2,731)
Foreign currency transaction loss	22	0
Provision for deferred taxes	(1,077)	417
Stock bonuses	2	14
Stock-based compensation expense	2	0
Changes in operating assets and liabilities:
Accounts receivable and notes receivable	837	(678)
Prepaid expenses and other assets	(60)	(58)
Investment securities	4,374	1,551
Accounts payable and accrued expenses	(120)	391
Total adjustments	4,236	(297)
Net cash provided by (used in) operating activities	(11)	1,823
Cash Flows from Investing Activities:
Purchase of available-for-sale securities	0	(2,420)
Purchase of equity method investment	(230)	(501)
Proceeds on sale of available-for-sale securities	0	401
Proceeds on sale of equity method investment	230	0
Return of capital on investments	20	22
Net cash provided by (used in) investing activities	20	(2,498)
Cash Flows from Financing Activities:
Issuance of common stock	3	3
Repurchases of common stock	(15)	(131)
Dividends paid	(227)	(227)
Net cash used in financing activities	(239)	(355)
Effects of foreign currency translation	(79)	49
Net decrease in cash, cash equivalents, and restricted cash	(309)	(981)
Beginning cash, cash equivalents, and restricted cash	7,364	4,958
Ending cash, cash equivalents, and restricted cash	7,055	3,977
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	$ 119	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2018
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1. BASIS OF PRESENTATION U.S. Global Investors, Inc. (the “Company” or “U.S. Global”) has prepared the consolidated financial statements pursuant to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) that permit reduced disclosure for interim periods. The financial information included herein reflects all adjustments (consisting solely of normal recurring adjustments), which are, in management’s opinion, necessary for a fair presentation of results for the interim periods presented. The Company has consistently followed the accounting policies set forth in the notes to the consolidated financial statements in the Company’s Form 10-K for the fiscal year ended June 30, 2018, except for the adoption of new accounting pronouncements discussed below. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, U.S. Global Brokerage, Inc., U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited (“USCAN”), and U.S. Global Indices, LLC, and its 65 percent interest in Galileo Global Equity Advisors Inc. (“Galileo”). Galileo includes a wholly owned subsidiary, Galileo Global GP Inc. U.S. Global Brokerage, Inc. ceased operations in December 2015 and was dissolved on July 27, 2018. Galileo is consolidated with the operations of the Company. The non-controlling interest in this subsidiary is included in “Non-Controlling Interest in Subsidiary” in the equity section of the Consolidated Balance Sheets. Frank Holmes, CEO, and Lisa Callicotte, CFO, serve as directors of Galileo. There are two primary consolidation models in U.S. GAAP, the variable interest entity (“VIE”) and voting interest entity models. The Company’s evaluation for consolidation includes whether entities in which it has an interest or from which it receives fees are VIEs and whether the Company is the primary beneficiary of any VIEs identified in its analysis. A VIE is an entity in which either (a) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (b) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has the obligation to absorb a majority of the expected losses or the right to receive the majority of the residual returns and consolidates the VIE on the basis of having a controlling financial interest. The Company holds variable interests in, but is not deemed to be the primary beneficiary of, certain funds it advises, specifically, certain funds in U.S. Global Investors Funds (“USGIF” or the “Funds”) and, until November 2017, one of the offshore funds. The Company’s interests in these VIEs consist of the Company’s direct ownership therein and any fees earned but uncollected. See further information about these funds in Notes 2 and 3. In the ordinary course of business, the Company may choose to waive certain fees or assume operating expenses of the funds it advises for competitive, regulatory or contractual reasons (see Note 3 for information regarding fee waivers). The Company has not provided financial support to any of these entities outside the ordinary course of business. The Company’s risk of loss with respect to these VIEs is limited to the carrying value of its investments in, and fees receivable from, the entities. The Company does not consolidate these VIEs because it is not the primary beneficiary. The Company’s total exposure to unconsolidated VIEs, consisting of the carrying value of investment securities and receivables for fees, was $9.5 million at December 31, 2018, and $9.6 million at June 30, 2018. Since the Company is not the primary beneficiary of the above funds it advises, the Company evaluated if it should consolidate under the voting interest entity model. Under the voting interest model, for legal entities other than partnerships, the usual condition for control is ownership, directly or indirectly, of more than 50 percent of the outstanding voting shares over an entity. The Company does not have control of any of the above funds it advises; therefore, the Company does not consolidate any of these funds. The Company currently holds a variable interest in a fund organized as a limited partnership advised by Galileo, and during fiscal year 2018 and 2019 held variable interests in two other funds advised by Galileo, but these funds do not qualify as VIEs. Since the funds are not VIEs, the Company evaluated if it should consolidate the funds under the voting interest entity model. Under the voting interest model, for legal entities other than partnerships, the usual condition for control is ownership, directly or indirectly, of more than 50 percent of the outstanding voting shares over an entity. The Company does not have control of the funds and, therefore, does not consolidate the funds. However, the Company was considered to have the ability to exercise significant influence. Thus, the investments have been accounted for under the equity method of accounting. See further information about these investments in Note 2. All significant intercompany balances and transactions have been eliminated in consolidation. Certain amounts have been reclassified for comparative purposes. Certain quarterly amounts may not add to the year-to-date amount due to rounding. The results of operations for the six months ended December 31, 2018, are not necessarily indicative of the results to be expected for the entire year. The unaudited interim financial information in these condensed financial statements should be read in conjunction with the consolidated financial statements contained in the Company’s annual report. Recent Accounting Pronouncements and Developments Accounting Pronouncements Adopted During the Period The FASB issued ASU 2014-09, Revenue from Contracts with Customers , In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities Technical Corrections and Improvements to Financial Instruments - Overall (Subtopic 825-10) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement Accounting Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases Leases (Topic 842): Targeted Improvements Leases (Topic 842): Narrow-Scope Improvements for Lessors In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income Significant Accounting Policies As a result of the adoptions of accounting pronouncements during the current period that affected investments and revenue recognition, the following accounting policies have been updated. For a complete listing of the Company's significant accounting policies, please refer to the Annual Report on Form 10-K for the year ended June 30, 2018. Accumulated Other Comprehensive Income (Loss). Investments. Investments in Equity Securities Investments in Debt Securities . Other Investments. Revenue Recognition Investment Advisory Fees Performance Fees. Investment Advisory Fees - Canada Performance Fees - Canada Administrative Services Fees Fee Waivers

INVESTMENTS

INVESTMENTS	6 Months Ended
	Dec. 31, 2018
Disclosure Text Block Supplement [Abstract]
Investments and Other Noncurrent Assets [Text Block]	NOTE 2. INVESTMENTS As of December 31, 2018, the Company held investments in securities at fair value totaling approximately $12.4 million with a cost basis of approximately $13.8 million. The fair value of these investments is 53.4 percent of the Company’s total assets at December 31, 2018. In addition, the Company held other investments of approximately $602,000 and investments of approximately $219,000 accounted for under the equity method of accounting. As discussed in Note 1, the Company adopted ASU 2016-01, which amended the guidance on the classification and measurement of investments in equity securities, effective July 1, 2018. There is no longer an available-for-sale classification (with changes in fair value reported in other comprehensive income) for equity securities with readily determinable fair values. Under the amended guidance, all of the Company’s equity investments with readily determinable fair values are classified as securities at fair value, and changes in unrealized gains or losses are reported in current period earnings. Other investments consist of equity investments in entities over which the Company is unable to exercise significant influence and which do not have readily determinable fair values. For these securities, the Company generally elects to value using the measurement alternative, under which such securities are measured at cost, less impairment, plus or minus observable price changes for identical or similar securities of the same issuer with such changes recorded in investment income (loss). Prior to fiscal year 2019 and the adoption of ASU 2106-01, these investments were accounted for under the cost method of accounting and evaluated periodically for impairment. See further information about these investments in a separate section of this note. The cost basis of investments may also be adjusted for amortization of premium or accretion of discount on debt securities held or the recharacterization of distributions from investments in partnerships. The following details the components of the Company’s investments recorded at fair value as of December 31, 2018, and June 30, 2018. Note that the change in presentation is the result of the adoption of ASU 2016-01. December 31, 2018 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Securities at fair value 1 Common stock - International $ 4,053 $ (1,127 ) $ 2,926 Common stock - Domestic 45 (45 ) - Mutual funds - Fixed income 8,785 13 8,798 Mutual funds - Domestic equity 929 (263 ) 666 Total securities at fair value $ 13,812 $ (1,422 ) $ 12,390 1 Changes in u nrealized and realized gains and losses on securities at fair value are included in earnings in the statement of operations. June 30, 2018 (dollars in thousands) Cost Unrealized Gains Unrealized (Losses) Fair Value Trading securities 1 Mutual funds - Fixed income $ 7,785 $ 22 $ - $ 7,807 Mutual funds - Domestic equity 535 - (163 ) 372 Other 45 - (45 ) - Total trading securities 8,365 22 (208 ) 8,179 Available-for-sale securities 2 Common stock - International 2,554 3,213 (94 ) 5,673 Mutual funds - Fixed income 1,000 - (9 ) 991 Mutual funds - Domestic equity 394 28 - 422 Total available-for-sale securities 3 3,948 3,241 (103 ) 7,086 Total securities at fair value $ 12,313 $ 3,263 $ (311 ) $ 15,265 1 Prior to July 1, 2018, changes in u nrealized and realized gains and losses on trading securities were included in earnings in the statement of operations. 2 Prior to July 1, 2018 , changes in u nrealized gains and losses on available-for-sale securities were excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized. 3 Net unrealized gains on available-for-sale securities gross and net of tax as of June 3 0 , 201 8 , were $ 3 , 138 and $ 2 , 089 , respectively. Included in the above table as of December 31, 2018, was $9.5 million at fair value invested in USGIF. The following table shows the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities were in a continuous unrealized loss position as of June 30, 2018. No disclosures are required as of December 31, 2018, due the adoption of ASU 2016-01. June 30, 2018 Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Available-for-sale securities Common stock - International $ 39 $ (94 ) $ - $ - $ 39 $ (94 ) Mutual funds - Fixed income 991 (9 ) - - 991 (9 ) Total available-for-sale securities with unrealized losses $ 1,030 $ (103 ) $ - $ - $ 1,030 $ (103 ) Investment Income (Loss) For fiscal year 2019, after adoption of ASU 2016-01, investment income (loss) from the Company’s investments includes: • realized gains and losses on sales of securities; • unrealized gains and losses on securities at fair value; • realized foreign currency gains and losses; • other-than-temporary impairments on available-for-sale debt securities; • impairments on equity investments that do not have readily determinable fair values; and • dividend and interest income. Prior to the adoption of ASU 2016-01, investment income (loss) from the Company’s investments included: • realized gains and losses on sales of securities; • unrealized gains and losses on trading securities; • realized foreign currency gains and losses; • other-than-temporary impairments on available-for-sale securities; • other-than-temporary impairments on held-at-cost securities; and • dividend and interest income. The following summarizes investment income (loss) reflected in earnings: Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment Income (Loss) 2018 2017 2018 2017 Realized losses on sales of fair valued securities 1 $ - $ (705 ) $ - $ (58 ) Unrealized gains (losses) on fair valued securities 2 (4,374 ) 746 (3,423 ) 60 Realized foreign currency gains (losses) (25 ) (19 ) (27 ) 3 Impairments in equity investments that do not have readily determinable fair values (86 ) - (57 ) - Dividend and interest income 183 430 112 238 Total Investment Income (Loss) $ (4,302 ) $ 452 $ (3,395 ) $ 243 1 The prior year amount shown includes $82 in realized losses on sales of trading securities and $24 in realized gains on sales of available-for-sale securities for the three months ended December 31, 2017, and $736 in realized losses on sales of trading securities and $31 in realized gains on sales of available-for-sale securities for the six months ended December 31, 2017. These classifications were used prior to the adoption of ASU 2016-01 effective July 1, 2018 . 2 The prior year amount shown includes $60 and $746 in unrealized gains on trading securities for the three and six months ended December 31, 2017, respectively (classification used prior to the adoption of ASU 2016-01 effective July 1, 2018). The three and six months ended December 31, 2018, includes approximately $3.4 million and $4.4 million, respectively, of net unrealized losses recognized on securities at fair value; all of these investments were still held at December 31, 2018. The majority of unrealized losses recognized in the current year are related to unrealized losses on securities formerly classified as available-for-sale, which previously would have been reported through other comprehensive income rather than in investment income. Proceeds from sales of available-for-sale investments were approximately $369,000 and $401,000 for the three and six months ended December 31, 2017, respectively. Gross gains (losses) on sales of available-for-sale investments were approximately $30,000 and ($6,000) for the three months ended December 31, 2017, and approximately $37,000 and ($6,000) for the six months ended December 31, 2017. No disclosures are required for fiscal year 2019 due to the adoption of ASU 2016-01. Prior to fiscal year 2019, gains and losses realized upon sales of available-for-sale investments were reclassified from other comprehensive income into investment income. Investment income can be volatile and varies depending on market fluctuations, the Company’s ability to participate in investment opportunities, and timing of transactions. The Company expects that gains and losses will continue to fluctuate in the future. Fair Value Hierarchy ASC 820, Fair Value Measurement and Disclosures Financial instruments measured and reported at fair value are classified and disclosed in one of the following categories: Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities at the reporting date. Since valuations are based on quoted prices that are readily and regularly available in an active market, value of these products does not entail a significant degree of judgment. Level 2 – Valuations based on quoted prices in markets for which not all significant inputs are observable, directly or indirectly. Corporate debt securities valued in accordance with the evaluated price supplied by an independent service are categorized as Level 2 in the hierarchy. Other securities categorized as Level 2 include securities valued at the mean between the last reported bid and ask quotation and securities valued with an adjustment to the quoted price due to restrictions. Level 3 – Valuations based on inputs that are unobservable and significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with the investing in those securities. Because of the inherent uncertainties of valuation, the values reflected may materially differ from the values received upon actual sale of those investments. For actively traded securities, the Company values investments using the closing price of the securities on the exchange or market on which the securities principally trade. If the security is not traded on the last business day of the quarter, it is generally valued at the mean between the last bid and ask quotation. The fair value of a security that has a restriction is based on the quoted price for an otherwise identical unrestricted instrument that trades in a public market, adjusted for the estimated effect of the restriction. Mutual funds, which include open- and closed-end funds, exchange-traded funds, and offshore funds, are valued at net asset value or closing price, as applicable. Certain corporate debt securities not traded on an exchange may be valued by an independent pricing service using an evaluated quote based on such factors as institutional-size trading in similar groups of securities, yield, quality, maturity, coupon rate, type of issuance and individual trading characteristics and other market data. As part of its independent price verification process, a portfolio management team, which includes representatives from the investment and accounting departments, periodically reviews the fair value provided by the pricing service using information such as transactions in these investments, broker quotes, market transactions in comparable investments, general market conditions and the issuer’s financial condition. Certain debt securities may be valued based on review of similarly structured issuances in similar jurisdictions, when possible, or based on other traded debt securities issued by the issuer. The portfolio management team also takes into consideration numerous other factors that could affect valuation such as overall market conditions, liquidity of the security and bond structure. For other securities included in the fair value hierarchy with unobservable inputs, the portfolio management team considers a number of factors in determining a security’s fair value, including the security’s trading volume, market values of similar class issuances, investment personnel’s judgment regarding the market experience of the issuer, financial status of the issuer, the issuer’s management, and back testing, as appropriate. The fair values may differ from what may have been used had a broader market for these securities existed. The portfolio management team reviews inputs and assumptions and reports material items to the board of directors. Securities which do not have readily determinable fair values are also periodically reviewed by the portfolio management team. The following presents fair value measurements, as of December 31, 2018, and June 30, 2018, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis: December 31, 2018 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Securities at fair value Common stock - International $ 2,073 $ 853 $ - $ 2,926 Common stock - Domestic - - - - Mutual funds - Fixed income 8,798 - - 8,798 Mutual funds - Domestic equity 666 - - 666 Total securities at fair value $ 11,537 $ 853 $ - $ 12,390 June 30, 2018 Quoted Prices Significant Other Inputs Significant Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Trading securities Mutual funds - Fixed income $ 7,807 $ - $ - $ 7,807 Mutual funds - Domestic equity 372 - - 372 Other - - - - Total trading securities 8,179 - - 8,179 Available-for-sale securities Common stock - International 5,673 - - 5,673 Mutual funds - Fixed income 991 - - 991 Mutual funds - Domestic equity 422 - - 422 Total available-for-sale securities 7,086 - - 7,086 Total securities at fair value $ 15,265 $ - $ - $ 15,265 As of December 31, 2018, 93 percent of the Company’s financial assets were classified in the fair value hierarchy as Level 1 and 7 percent as Level 2. As of June 30, 2018, 100 percent of the Company’s financial assets were classified in the fair value hierarchy as Level 1. The Company has an investment in 10 million common shares of HIVE Blockchain Technologies Ltd. (“HIVE”), a company that is headquartered and traded in Canada with cryptocurrency mining facilities in Iceland and Sweden, at a cost of $2.4 million. The shares are subject to Canadian securities regulations. The investment, classified as available-for-sale prior to the adoption of ASU 2016-01, was valued at approximately $1.9 million at December 31, 2018, and $5.6 million at June 30, 2018. Cryptocurrency markets and related stocks have been, and are expected to continue to be, volatile. Cryptocurrency mining is considered an early stage high-risk industry, and the nature of mining is expected to evolve. There has been significant volatility in the market price of HIVE, which has materially impacted the investment’s value included on the balance sheet and unrealized gain (loss) recognized in investment income. The Company’s direct ownership of HIVE was approximately 3.0 percent as of December 31, 2018. Frank Holmes is the non-executive chairman of HIVE and held shares and options at December 31, 2018. Effective August 31, 2018, Mr. Holmes was named Interim Executive Chairman of HIVE while a search for a new CEO is undertaken. The Company has an investment in a company that is headquartered and traded in Canada that was valued at approximately $946,000 at December 31, 2018, of which $130,000 was classified as Level 1 and $816,000 was classified as Level 2 in the fair value hierarchy. The investment was included in other investments at June 30, 2018, at a value of $1.5 million. The investment was previously a private company that underwent a corporate transaction and started trading on an exchange during the quarter ended December 31, 2018. The shares are subject to Canadian securities regulations. The portion of the investment classified in Level 2 is restricted for resale due to escrow provisions; its valuation is based on the quoted market price adjusted for the restriction on resale. Shares will be released from escrow between April 2019 and April 2020. Frank Holmes serves on the board of this investment and held options at December 31, 2018. Other Investment s The carrying value of equity securities without readily determinable fair values as of December 31, 2018, is approximately $602,000. There was an impairment adjustment to one security of $57,000 and $86,000 during the three and six months ended December 31, 2018, respectively. Cumulative impairment adjustments to all equity securities without readily determinable fair values are $223,000 since their acquisitions through December 31, 2018. An investment previously included in other investments started trading on a stock exchange during the quarter ended December 31, 2018, and is now included in securities at fair value with a valuation of $946,000 at December 31, 2018, as discussed above. Impairments are recognized as a loss in the Company’s earnings. The cumulative amount of other downward adjustments, which primarily consist of return of capital distributions, is $616,000, which includes $10,000 and $20,000 for the three and six months ended December 31, 2018, respectively. There have been no upward adjustments to these investments. Investment s Classified as Equity Method Investments classified as equity method consist of investments in companies in which the Company is able to exercise significant influence but not control. Under the equity method of accounting, the investment is initially recorded at cost, then the Company’s proportional share of investee’s underlying net income or loss is recorded as a component of “other income (loss)” with a corresponding increase or decrease to the carrying value of the investment. Distributions received from the investee reduce the Company’s carrying value of the investment. These investments are evaluated for impairment if events or circumstances arise that indicate that the carrying amount of such assets may not be recoverable. During fiscal year 2018, the Company, through USCAN, invested approximately $500,000 in the Galileo Partners Fund, a Canadian unit trust investment fund managed by Galileo. The investment was subsequently redeemed in full during fiscal year 2018, and the Company no longer had an investment in the Galileo Partners Fund as of June 30, 2018, or December 31, 2018. During the period of ownership, the investment was accounted for under the equity method of accounting. Included in other income for the three and six months ended December 31, 2017, is $1.2 million and $2.7 million, respectively, of equity method income of Galileo Partners Fund. Summarized income statement information on the Galileo Partners Fund for the period of the Company’s investment through December 31, 2017, is as follows: Galileo Partners Fund Summary Financial Information For the Period from August 31, 2017 (investment) to December 31, 2017 (dollars in thousands) Realized gains on sales of investments $ 1,921 Unrealized gains on investments 9,612 Fund fees and expenses, including performance fees (2,810 ) Net income of fund $ 8,723 Company's share of income from equity method investment $ 2,731 During fiscal year 2018, the Company, through USCAN, invested approximately $401,000 in the Galileo Technology and Blockchain Fund, a Canadian unit trust investment fund managed by Galileo. The fund reorganized in a taxable transaction into a limited partnership effective November 30, 2018, and the fund terminated. See further discussion below. Thus, the Company no longer had an investment in the Galileo Technology and Blockchain Fund as of December 31, 2018. During the period of ownership, the Company’s ownership ranged between approximately 20 and 25 percent, and the Company was considered to have the ability to exercise significant influence. Thus, the investment was accounted for under the equity method of accounting. Under the equity method, the Company’s proportional share of the fund’s net income or loss, which primarily consists of realized and unrealized gains and losses on investments offset by fund expenses, is recognized in the Company’s earnings. Included in other income for the three and six months ended December 31, 2018, is $43,000 and $50,000, respectively, of equity method loss for this investment. This investment was not held at December 31, 2017. Frank Holmes also directly held an investment in the fund. This fund had a concentration in technology and blockchain companies, which resulted in volatility in the fund’s valuation. As noted above, the Galileo Technology and Blockchain Fund reorganized into a limited partnership effective November 30, 2018. The investment portfolio and unitholders’ interests of the Galileo Technology and Blockchain Fund and the Galileo Partners Fund transferred to the new entity, named Galileo Technology and Blockchain LP. The valuation of the Company’s investment in the Galileo Technology and Blockchain Fund as of November 30, 2018, of approximately $230,000 transferred to the Galileo Technology and Blockchain LP. The Company owns approximately 16 percent of the LP as of December 31, 2018, and the Company is considered to have the ability to exercise significant influence. Thus, the investment is accounted for under the equity method of accounting. Included in other income for the three and six months ended December 31, 2018, is $5,000 and $5,000, respectively, of equity method loss for this investment. The Company’s investment in the LP was valued at approximately $219,000 at December 31, 2018. Frank Holmes also directly held an investment in the LP as of December 31, 2018. This LP has a concentration in technology and blockchain companies, which may result in volatility in the LP’s valuation.

INVESTMENT MANAGEMENT AND OTHER

INVESTMENT MANAGEMENT AND OTHER FEES	6 Months Ended
	Dec. 31, 2018
Investment Management and Other Fees [Abstract]
Investment Management and Other Fees [Text Block]	NOTE 3 . INVESTMENT MANAGEMENT AND OTHER FEES The following table presents operating revenues disaggregated by performance obligation: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2018 2017 2018 2017 USGIF advisory fees $ 1,684 $ 2,329 $ 773 $ 1,184 USGIF performance fees (262 ) (308 ) (176 ) (192 ) ETF advisory fees 319 369 153 184 Offshore advisory fees - 3 - 2 USGIF administrative services fees 96 121 43 64 Subtotal investment management services fees 1,837 2,514 793 1,242 Galileo advisory fees 315 505 136 287 Galileo performance fees 870 464 870 464 Subtotal investment management services fees - Canada 1,185 969 1,006 751 Total Operating Revenue $ 3,022 $ 3,483 $ 1,799 $ 1,993 The Company serves as investment adviser to USGIF and receives a fee based on a specified percentage of average assets under management. The advisory agreement for the equity funds within USGIF provides for a base advisory fee that is adjusted upwards or downwards by 0.25 percent when there is a performance difference of 5 percent or more between a fund’s performance and that of its designated benchmark index over the prior rolling 12 months. The Company has agreed to contractually limit the expenses of the Near-Term Tax Free Fund through April 2019. The Company has voluntarily waived or reduced its fees and/or agreed to pay expenses on the remaining USGIF funds. These caps will continue on a voluntary basis at the Company’s discretion. The aggregate fees waived and expenses borne by the Company for USGIF for the three and six months ended December 31, 2018, were $212,000 and $377,000, respectively, compared with $102,000 and $334,000, respectively, for the corresponding period in the prior fiscal year. Management cannot predict the impact of future waivers due the number of variables and the range of potential outcomes. The Company receives administrative service fees from USGIF based on the average daily net assets at an annual rate 0.05 percent per investor class and 0.04 percent per institutional class of each fund. The Company also serves as investment advisor to two exchange-traded funds (ETFs): U.S. Global Jets ETF (ticker JETS) and U.S. Global GO GOLD and Precious Metal Miners ETF (ticker GOAU). The Company receives a unitary management fee of 0.60 percent of average net assets and has agreed to bear all expenses of the ETFs. Galileo provides advisory services for clients in Canada and receives advisory fees based on the net asset values of the clients. Galileo may also receive performance fees from certain clients when market appreciation or realized net gains exceeds established benchmarks. Performance fees are recognized when it is determined that they are no longer probable of significant reversal, typically on an annual basis at calendar year-end. The receipt of performance fees in the future is uncertain as the fees are dependent upon many factors, including market conditions. Galileo may, at its discretion, waive and absorb some of its clients’ operating expenses. The amount of fund expenses waived and absorbed was $45,000 and $161,000 for the three and six months ended December 31, 2018, and $9,000 and $33,000 for the three and six months ended December 31, 2017, respectively. As of December 31, 2018, the Company had $245,000 in receivables from fund clients, of which $170,000 was from USGIF, $25,000 from Galileo clients and $50,000 from ETFs. As of June 30, 2018, the Company had $419,000 in receivables from fund clients, of which $321,000 was from USGIF, $44,000 from Galileo clients and $54,000 from ETFs.

RESTRICTED CASH

RESTRICTED CASH	6 Months Ended
	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	NOTE 4. RESTRICTED CASH Restricted cash represents cash invested in a money market account as collateral for the credit facility that is not available for general corporate use. A reconciliation of cash, cash equivalents, and restricted cash reported from the consolidated balance sheets to the statements of cash flows is shown below: (dollars in thousands) December 31, 2018 June 30, 2018 Cash and cash equivalents $ 6,055 $ 6,364 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 7,055 $ 7,364

NOTES RECEIVABLE

NOTES RECEIVABLE	6 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Financing Receivables [Text Block]	NOTE 5 . NOTES RECEIVABLE The Company has invested in a note receivable of $234,000, which is with an unrelated third party, has an annual interest rate of 15 percent and matures in 2021. Interest is paid monthly. Principal repayments are scheduled to start in February 2019. The balance of this note was $234,000 at December 31, 2018, with $70,000 included in Notes Receivable in current assets and $164,000 as Note Receivable, non-current. The Company considered the credit quality of the other party and determined that no allowance for credit losses is necessary.

BORROWINGS

BORROWINGS	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 6 . BORROWINGS As of December 31, 2018, the Company has no borrowings or long-term liabilities except for deferred taxes. The Company has access to a $1 million credit facility for working capital purposes. The credit agreement requires the Company to maintain certain covenants; the Company has been in compliance with these covenants during the current fiscal year. The credit agreement will expire on May 31, 2019, and the Company intends to renew annually. The credit facility is collateralized by $1 million at December 31, 2018, shown as restricted cash on the balance sheet, held in deposit in a money market account at the financial institution that provided the credit facility. As of December 31, 2018, the credit facility remains unutilized by the Company.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Dec. 31, 2018
Disclosure Text Block Supplement [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 7 . STOCKHOLDERS’ EQUITY Payment of cash dividends is within the discretion of the Company’s board of directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. A monthly dividend of $0.0025 per share was paid during fiscal year 2018 and for July 2018 through December 2018 and is authorized through March 2019, at which time it will be considered for continuation. The Company has a share repurchase program, approved by the Board of Directors, authorizing the Company to annually purchase up to $2.75 million of its outstanding common shares, as market and business conditions warrant, on the open market in compliance with Rule 10b-18 of the Securities Exchange Act of 1934 through December 31, 2019. The repurchase program has been in place since December 2012, and the Board of Directors has annually renewed the repurchase program each calendar year. The acquired shares may be used for corporate purposes, including shares issued to employees in the Company’s stock-based compensation programs. For the three and six months ended December 31, 2018, the Company repurchased 11,000 and 12,000 class A shares using cash of $13,000 and $15,000, respectively. For the three and six months ended December 31, 2017, the Company repurchased 36,748 and 45,947 class A shares using cash of $117,000 and $131,000, respectively. Stock compensation plans The Company’s stock option plans provide for the granting of class A shares as either incentive or nonqualified stock options to employees and non-employee directors. Options are subject to terms and conditions determined by the Compensation Committee of the Board of Directors. There were 4,000 options outstanding and exercisable at December 31, 2018, at a weighted average exercise price of $7.53. There were no options granted, exercised, or forfeited for the three or six months ended December 31, 2018, or 2017. Stock-based compensation expense is measured at the grant date based on the fair value of the award, and the cost is recognized as expense ratably over the award’s vesting period. Stock-based compensation expense was $0 and $2,000 for the three and six months ended December 31, 2018, respectively. There was no stock-based compensation expense for the three and six months ended December 31, 2017. As of December 31, 2018, and 2017, there was no unrecognized share-based compensation cost related to share-based awards granted under the plans.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 8 . EARNINGS PER SHARE The basic earnings per share (“EPS”) calculation excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of EPS that could occur if options to issue common stock were exercised. The following table sets forth the computation for basic and diluted EPS: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands, except per share data) 2018 2017 2018 2017 Net Income (Loss) $ (4,247 ) $ 2,120 $ (3,015 ) $ 884 Less: Net Income Attributable to Non-Controlling Interest 113 101 196 135 Net Income (Loss) Attributable to U.S. Global Investors, Inc. $ (4,360 ) $ 2,019 $ (3,211 ) $ 749 Weighted average number of outstanding shares Basic 15,145,293 15,171,620 15,145,702 15,160,589 Effect of dilutive securities Employee stock options - - - - Diluted 15,145,293 15,171,620 15,145,702 15,160,589 Earnings Per Share Attributable to U.S. Global Investors, Inc. Basic $ (0.29 ) $ 0.13 $ (0.21 ) $ 0.05 Diluted $ (0.29 ) $ 0.13 $ (0.21 ) $ 0.05 The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. For the three and six months ended December 31, 2018, 4,000 options were excluded from diluted EPS. For the three and six months ended December 31, 2017, 2,000 options were excluded from diluted EPS. During the three and six months ended December 31, 2018, and 2017, the Company repurchased class A shares on the open market. Upon repurchase, these shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 9 . INCOME TAXES The Company and its non-Canadian subsidiaries file a consolidated U.S. federal income tax return. USCAN and Galileo file separate tax returns in Canada. Provisions for income taxes include deferred taxes for temporary differences in the bases of assets and liabilities for financial and tax purposes resulting from the use of the liability method of accounting for income taxes. The Tax Cuts and Jobs Act (“the Act”) was enacted on December 22, 2017. The Act reduced the U.S. federal corporate tax rate from 35 percent to 21 percent. The rate change was effective on January 1, 2018; therefore, the Company’s U.S. statutory tax rate for the fiscal year ended June 30, 2019, is 21 percent, while the rate for fiscal year 2018 was a bended rate of approximately 28 percent. The current applicable Canadian statutory rate for the Canadian subsidiaries is approximately 26.5 percent. At December 31, 2018, the Company has completed its accounting for the tax effects of enactment of the Act. The Securities and Exchange Commission had previously issued guidance that allowed for a measurement period of up to one year after the enactment date of the Act to finalize the recording of the related tax impacts. In certain cases, the Company had made a reasonable estimate of the effects on existing deferred tax balances and the one-time transition tax. The final transitional impacts of the Act did not differ materially from the initial estimates. Under the new global intangible low-tax income (“GILTI”) tax rules established by the Act, the Company must make two accounting policy elections. The Company must elect to either treat taxes due on future GILTI inclusions in U.S. taxable income as a current period expense when incurred or reflect as a component of deferred taxes. The Company has elected to include GILTI taxes due as a current period expense when incurred. The Company must also make an accounting policy election to either use the incremental cash tax savings approach or the tax law ordering approach when assessing the realization of net operating losses related to GILTI. The Company has elected to use the tax law ordering approach. Carryovers For U.S. federal income tax purposes at December 31, 2018, the Company has U.S. federal net operating loss carryovers of $6.2 million with $2.0 million and $2.7 million expiring in fiscal years 2035 and 2036, respectively, and $1.5 million with no expiration. Certain limitations apply to the utilization of net operating losses with no expiration, which were generated after fiscal year 2018. The Company has capital loss carryovers of $1.0 million with $687,000 and $348,000 expiring in fiscal years 2022 and 2023, respectively. The Company has charitable contribution carryovers totaling approximately $69,000 with $34,000; $19,000; $5,000; and $11,000 expiring in fiscal years 2019, 2020, 2021, and 2023, respectively. For Canadian income tax purposes, USCAN has net operating loss carryovers of $72,000 that expire in fiscal year 2039 and capital loss carryovers of $75,000 with no expiration. If certain changes in the Company's ownership should occur, there could be an annual limitation on the amount of net operating loss carryovers that could be utilized. A valuation allowance is provided when it is more likely than not that some portion of the deferred tax amount will not be realized. At December 31, 2018, and June 30, 2018, a valuation allowance of $2.4 million and $1.7 million, respectively, was included to fully reserve for net operating loss carryovers, other carryovers and certain book/tax differences in the balance sheet.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Dec. 31, 2018
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 10 . ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables present the change in accumulated other comprehensive income (loss) (“AOCI”) by component: (dollars in thousands) Unrealized gains (losses) on available-for-sale investments 1 Foreign currency adjustment Total Six Months Ended December 31, 2018 Balance at June 30, 2018 $ 2,089 $ (231 ) $ 1,858 Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049 (2,089 ) - (2,089 ) Balance at July 1, 2018 - (231 ) (231 ) Other comprehensive loss before reclassifications - (27 ) (27 ) Tax effect - - - Amount reclassified from AOCI - - - Tax effect - - - Net other comprehensive loss for six months ended December 31, 2018 - (27 ) (27 ) Balance at December 31, 2018 $ - $ (258 ) $ (258 ) Three Months Ended December 31, 2018 Balance at September 30, 2018 $ - $ (212 ) $ (212 ) Other comprehensive loss before reclassifications - (46 ) (46 ) Tax effect - - - Amount reclassified from AOCI - - - Tax effect - - - Net other comprehensive loss for quarter - (46 ) (46 ) Balance at December 31, 2018 $ - $ (258 ) $ (258 ) (dollars in thousands) Unrealized gains (losses) on available-for-sale investments 2 Foreign currency adjustment Total Six Months Ended December 31, 2017 Balance at June 30, 2017 $ 461 $ (197 ) $ 264 Other comprehensive income before reclassifications 16,923 53 16,976 Tax effect (3,506 ) - (3,506 ) Amount reclassified from AOCI (31 ) - (31 ) Tax effect - - - Net other comprehensive income for six months ended December 31, 2017 13,386 53 13,439 Balance at December 31, 2017 $ 13,847 $ (144 ) $ 13,703 Three Months Ended December 31, 2017 Balance at September 30, 2017 $ 9,594 $ (161 ) $ 9,433 Other comprehensive income before reclassifications 7,783 17 7,800 Tax effect (3,506 ) - (3,506 ) Amount reclassified from AOCI (24 ) - (24 ) Tax effect - - - Net other comprehensive income for quarter 4,253 17 4,270 Balance at December 31, 2017 $ 13,847 $ (144 ) $ 13,703 1. Effective July 1, 2018, upon the adoption of ASU 2016-01, the Company no longer has an available-for-sale category for equity securities for which changes in fair value are recognized in other comprehensive income (loss). See Note 1. 2. Prior to the adoption of ASU 2016-01, amounts reclassified from unrealized gains (losses) on available-for-sale investments, net of tax, were recorded in investment income (loss) on the Consolidated Statements of Operations.

FINANCIAL INFORMATION BY BUSINE

FINANCIAL INFORMATION BY BUSINESS SEGMENT	6 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 1 1 . FINANCIAL INFORMATION BY BUSINESS SEGMENT The Company operates principally in three business segments: providing investment management services to USGIF, offshore clients and ETF clients; investment management services in Canada; and investing for its own account in an effort to add growth and value to its cash position. The following schedule details total revenues and income by business segment: (dollars in thousands) Investment Management Services Investment Management Services - Canada Corporate Investments Consolidated Six months ended December 31, 2018 Net operating revenues $ 1,837 $ 1,185 $ - $ 3,022 Investment income (loss) $ - $ 29 $ (4,331 ) $ (4,302 ) Loss from equity method investments $ - $ - $ (55 ) $ (55 ) Other income $ 19 $ 7 $ - $ 26 Income (loss) before income taxes $ (1,211 ) $ 334 $ (4,459 ) $ (5,336 ) Depreciation and amortization $ 110 $ 5 $ - $ 115 Capital expenditures $ - $ - $ - $ - Gross identifiable assets at December 31, 2018 $ 5,598 $ 2,329 $ 15,256 $ 23,183 Deferred tax asset $ 38 Consolidated total assets at December 31, 2018 $ 23,221 Six months ended December 31, 2017 Net operating revenues $ 2,514 $ 969 $ - $ 3,483 Investment income (loss) $ - $ - $ 452 $ 452 Income from equity method investments $ - $ - $ 2,731 $ 2,731 Other income $ 7 $ 10 $ - $ 17 Income (loss) before income taxes $ (915 ) $ 305 $ 3,182 $ 2,572 Depreciation and amortization $ 116 $ 6 $ - $ 122 Capital expenditures $ - $ - $ - $ - Three months ended December 31, 2018 Net operating revenues $ 793 $ 1,006 $ - $ 1,799 Investment income (loss) $ - $ 35 $ (3,430 ) $ (3,395 ) Loss from equity method investments $ - $ - $ (48 ) $ (48 ) Other income $ 15 $ 2 $ - $ 17 Income (loss) before income taxes $ (805 ) $ 571 $ (3,514 ) $ (3,748 ) Depreciation and amortization $ 55 $ 2 $ - $ 57 Capital expenditures $ - $ - $ - $ - Three months ended December 31, 2017 Net operating revenues $ 1,242 $ 751 $ - $ 1,993 Investment income $ - $ - $ 243 $ 243 Income from equity method investments $ - $ - $ 1,218 $ 1,218 Other income $ 4 $ 10 $ - $ 14 Income (loss) before income taxes $ (515 ) $ 381 $ 1,460 $ 1,326 Depreciation and amortization $ 58 $ 3 $ - $ 61 Capital expenditures $ - $ - $ - $ - Net operating revenues from investment management services includes operating revenues from USGIF of $640,000 and $1.5 million, respectively, for the three and six months ended December 31, 2018, and $1.0 million and $2.1 million, respectively, for the three and six months ended December 31, 2017. Net operating revenues from investment management services also include operating revenues from ETF clients of $153,000 and $319,000, respectively, for the three and six months ended December 31, 2018, and $184,000 and $369,000, respectively, for the three and six months ended December 31, 2017. Net operating revenues from investment management services in Canada includes revenues from Galileo funds of $1.0 million and $1.2 million, respectively, for the three and six months ended December 31, 2018, and $747,000 and $961,000, respectively, for the three and six months ended December 31, 2017.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	6 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 1 2 . CONTINGENCIES AND COMMITMENTS The Company continuously reviews all investor, employee and vendor complaints, and pending or threatened litigation. The likelihood that a loss contingency exists is evaluated through consultation with legal counsel, and a loss contingency is recorded if probable and reasonably estimable. During the normal course of business, the Company may be subject to claims, legal proceedings, and other contingencies. These matters are subject to various uncertainties, and it is possible that some of these matters may be resolved unfavorably. The Company establishes accruals for matters for which the outcome is probable and can be reasonably estimated. Management believes that any liability in excess of these accruals upon the ultimate resolution of these matters will not have a material adverse effect on the consolidated financial statements of the Company. The Board has authorized a monthly dividend of $0.0025 per share through March 2019, at which time it will be considered for continuation by the Board. Payment of cash dividends is within the discretion of the Company’s Board of Directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. The total amount of cash dividends expected to be paid to class A and class C shareholders from January to March 2019 is approximately $114,000.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	U.S. Global Investors, Inc. (the “Company” or “U.S. Global”) has prepared the consolidated financial statements pursuant to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) that permit reduced disclosure for interim periods. The financial information included herein reflects all adjustments (consisting solely of normal recurring adjustments), which are, in management’s opinion, necessary for a fair presentation of results for the interim periods presented. The Company has consistently followed the accounting policies set forth in the notes to the consolidated financial statements in the Company’s Form 10-K for the fiscal year ended June 30, 2018, except for the adoption of new accounting pronouncements discussed below. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, U.S. Global Brokerage, Inc., U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited (“USCAN”), and U.S. Global Indices, LLC, and its 65 percent interest in Galileo Global Equity Advisors Inc. (“Galileo”). Galileo includes a wholly owned subsidiary, Galileo Global GP Inc. U.S. Global Brokerage, Inc. ceased operations in December 2015 and was dissolved on July 27, 2018. Galileo is consolidated with the operations of the Company. The non-controlling interest in this subsidiary is included in “Non-Controlling Interest in Subsidiary” in the equity section of the Consolidated Balance Sheets. Frank Holmes, CEO, and Lisa Callicotte, CFO, serve as directors of Galileo. There are two primary consolidation models in U.S. GAAP, the variable interest entity (“VIE”) and voting interest entity models. The Company’s evaluation for consolidation includes whether entities in which it has an interest or from which it receives fees are VIEs and whether the Company is the primary beneficiary of any VIEs identified in its analysis. A VIE is an entity in which either (a) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (b) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has the obligation to absorb a majority of the expected losses or the right to receive the majority of the residual returns and consolidates the VIE on the basis of having a controlling financial interest. The Company holds variable interests in, but is not deemed to be the primary beneficiary of, certain funds it advises, specifically, certain funds in U.S. Global Investors Funds (“USGIF” or the “Funds”) and, until November 2017, one of the offshore funds. The Company’s interests in these VIEs consist of the Company’s direct ownership therein and any fees earned but uncollected. See further information about these funds in Notes 2 and 3. In the ordinary course of business, the Company may choose to waive certain fees or assume operating expenses of the funds it advises for competitive, regulatory or contractual reasons (see Note 3 for information regarding fee waivers). The Company has not provided financial support to any of these entities outside the ordinary course of business. The Company’s risk of loss with respect to these VIEs is limited to the carrying value of its investments in, and fees receivable from, the entities. The Company does not consolidate these VIEs because it is not the primary beneficiary. The Company’s total exposure to unconsolidated VIEs, consisting of the carrying value of investment securities and receivables for fees, was $9.5 million at December 31, 2018, and $9.6 million at June 30, 2018. Since the Company is not the primary beneficiary of the above funds it advises, the Company evaluated if it should consolidate under the voting interest entity model. Under the voting interest model, for legal entities other than partnerships, the usual condition for control is ownership, directly or indirectly, of more than 50 percent of the outstanding voting shares over an entity. The Company does not have control of any of the above funds it advises; therefore, the Company does not consolidate any of these funds. The Company currently holds a variable interest in a fund organized as a limited partnership advised by Galileo, and during fiscal year 2018 and 2019 held variable interests in two other funds advised by Galileo, but these funds do not qualify as VIEs. Since the funds are not VIEs, the Company evaluated if it should consolidate the funds under the voting interest entity model. Under the voting interest model, for legal entities other than partnerships, the usual condition for control is ownership, directly or indirectly, of more than 50 percent of the outstanding voting shares over an entity. The Company does not have control of the funds and, therefore, does not consolidate the funds. However, the Company was considered to have the ability to exercise significant influence. Thus, the investments have been accounted for under the equity method of accounting. See further information about these investments in Note 2. All significant intercompany balances and transactions have been eliminated in consolidation. Certain amounts have been reclassified for comparative purposes. Certain quarterly amounts may not add to the year-to-date amount due to rounding. The results of operations for the six months ended December 31, 2018, are not necessarily indicative of the results to be expected for the entire year. The unaudited interim financial information in these condensed financial statements should be read in conjunction with the consolidated financial statements contained in the Company’s annual report.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Pronouncements Adopted During the Period The FASB issued ASU 2014-09, Revenue from Contracts with Customers , In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities Technical Corrections and Improvements to Financial Instruments - Overall (Subtopic 825-10) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement Accounting Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases Leases (Topic 842): Targeted Improvements Leases (Topic 842): Narrow-Scope Improvements for Lessors In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
Comprehensive Income, Policy [Policy Text Block]	Accumulated Other Comprehensive Income (Loss).
Investment, Policy [Policy Text Block]	Investments. Investments in Equity Securities Investments in Debt Securities . Other Investments.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Investment Advisory Fees Performance Fees. Investment Advisory Fees - Canada Performance Fees - Canada Administrative Services Fees Fee Waivers

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Dec. 31, 2018
Disclosure Text Block Supplement [Abstract]
Unrealized Gain (Loss) on Investments [Table Text Block]	The following details the components of the Company’s investments recorded at fair value as of December 31, 2018, and June 30, 2018. Note that the change in presentation is the result of the adoption of ASU 2016-01. December 31, 2018 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Securities at fair value 1 Common stock - International $ 4,053 $ (1,127 ) $ 2,926 Common stock - Domestic 45 (45 ) - Mutual funds - Fixed income 8,785 13 8,798 Mutual funds - Domestic equity 929 (263 ) 666 Total securities at fair value $ 13,812 $ (1,422 ) $ 12,390 June 30, 2018 (dollars in thousands) Cost Unrealized Gains Unrealized (Losses) Fair Value Trading securities 1 Mutual funds - Fixed income $ 7,785 $ 22 $ - $ 7,807 Mutual funds - Domestic equity 535 - (163 ) 372 Other 45 - (45 ) - Total trading securities 8,365 22 (208 ) 8,179 Available-for-sale securities 2 Common stock - International 2,554 3,213 (94 ) 5,673 Mutual funds - Fixed income 1,000 - (9 ) 991 Mutual funds - Domestic equity 394 28 - 422 Total available-for-sale securities 3 3,948 3,241 (103 ) 7,086 Total securities at fair value $ 12,313 $ 3,263 $ (311 ) $ 15,265 1 Changes in u nrealized and realized gains and losses on securities at fair value are included in earnings in the statement of operations. 1 Prior to July 1, 2018, changes in u nrealized and realized gains and losses on trading securities were included in earnings in the statement of operations. 2 Prior to July 1, 2018 , changes in u nrealized gains and losses on available-for-sale securities were excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized. 3 Net unrealized gains on available-for-sale securities gross and net of tax as of June 3 0 , 201 8 , were $ 3 , 138 and $ 2 , 089 , respectively.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	The following table shows the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities were in a continuous unrealized loss position as of June 30, 2018. No disclosures are required as of December 31, 2018, due the adoption of ASU 2016-01. June 30, 2018 Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Available-for-sale securities Common stock - International $ 39 $ (94 ) $ - $ - $ 39 $ (94 ) Mutual funds - Fixed income 991 (9 ) - - 991 (9 ) Total available-for-sale securities with unrealized losses $ 1,030 $ (103 ) $ - $ - $ 1,030 $ (103 )
Gain (Loss) on Securities [Table Text Block]	The following summarizes investment income (loss) reflected in earnings: Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment Income (Loss) 2018 2017 2018 2017 Realized losses on sales of fair valued securities 1 $ - $ (705 ) $ - $ (58 ) Unrealized gains (losses) on fair valued securities 2 (4,374 ) 746 (3,423 ) 60 Realized foreign currency gains (losses) (25 ) (19 ) (27 ) 3 Impairments in equity investments that do not have readily determinable fair values (86 ) - (57 ) - Dividend and interest income 183 430 112 238 Total Investment Income (Loss) $ (4,302 ) $ 452 $ (3,395 ) $ 243 1 The prior year amount shown includes $82 in realized losses on sales of trading securities and $24 in realized gains on sales of available-for-sale securities for the three months ended December 31, 2017, and $736 in realized losses on sales of trading securities and $31 in realized gains on sales of available-for-sale securities for the six months ended December 31, 2017. These classifications were used prior to the adoption of ASU 2016-01 effective July 1, 2018 . 2 The prior year amount shown includes $60 and $746 in unrealized gains on trading securities for the three and six months ended December 31, 2017, respectively (classification used prior to the adoption of ASU 2016-01 effective July 1, 2018).
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following presents fair value measurements, as of December 31, 2018, and June 30, 2018, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis: December 31, 2018 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Securities at fair value Common stock - International $ 2,073 $ 853 $ - $ 2,926 Common stock - Domestic - - - - Mutual funds - Fixed income 8,798 - - 8,798 Mutual funds - Domestic equity 666 - - 666 Total securities at fair value $ 11,537 $ 853 $ - $ 12,390 June 30, 2018 Quoted Prices Significant Other Inputs Significant Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Trading securities Mutual funds - Fixed income $ 7,807 $ - $ - $ 7,807 Mutual funds - Domestic equity 372 - - 372 Other - - - - Total trading securities 8,179 - - 8,179 Available-for-sale securities Common stock - International 5,673 - - 5,673 Mutual funds - Fixed income 991 - - 991 Mutual funds - Domestic equity 422 - - 422 Total available-for-sale securities 7,086 - - 7,086 Total securities at fair value $ 15,265 $ - $ - $ 15,265
Equity Method Investments [Table Text Block]	Summarized income statement information on the Galileo Partners Fund for the period of the Company’s investment through December 31, 2017, is as follows: Galileo Partners Fund Summary Financial Information For the Period from August 31, 2017 (investment) to December 31, 2017 (dollars in thousands) Realized gains on sales of investments $ 1,921 Unrealized gains on investments 9,612 Fund fees and expenses, including performance fees (2,810 ) Net income of fund $ 8,723 Company's share of income from equity method investment $ 2,731

INVESTMENT MANAGEMENT AND OTH_2

INVESTMENT MANAGEMENT AND OTHER FEES (Tables)	6 Months Ended
	Dec. 31, 2018
Investment Management and Other Fees [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents operating revenues disaggregated by performance obligation: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2018 2017 2018 2017 USGIF advisory fees $ 1,684 $ 2,329 $ 773 $ 1,184 USGIF performance fees (262 ) (308 ) (176 ) (192 ) ETF advisory fees 319 369 153 184 Offshore advisory fees - 3 - 2 USGIF administrative services fees 96 121 43 64 Subtotal investment management services fees 1,837 2,514 793 1,242 Galileo advisory fees 315 505 136 287 Galileo performance fees 870 464 870 464 Subtotal investment management services fees - Canada 1,185 969 1,006 751 Total Operating Revenue $ 3,022 $ 3,483 $ 1,799 $ 1,993

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	6 Months Ended
	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Restrictions on Cash and Cash Equivalents [Table Text Block]	Restricted cash represents cash invested in a money market account as collateral for the credit facility that is not available for general corporate use. A reconciliation of cash, cash equivalents, and restricted cash reported from the consolidated balance sheets to the statements of cash flows is shown below: (dollars in thousands) December 31, 2018 June 30, 2018 Cash and cash equivalents $ 6,055 $ 6,364 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 7,055 $ 7,364

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation for basic and diluted EPS: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands, except per share data) 2018 2017 2018 2017 Net Income (Loss) $ (4,247 ) $ 2,120 $ (3,015 ) $ 884 Less: Net Income Attributable to Non-Controlling Interest 113 101 196 135 Net Income (Loss) Attributable to U.S. Global Investors, Inc. $ (4,360 ) $ 2,019 $ (3,211 ) $ 749 Weighted average number of outstanding shares Basic 15,145,293 15,171,620 15,145,702 15,160,589 Effect of dilutive securities Employee stock options - - - - Diluted 15,145,293 15,171,620 15,145,702 15,160,589 Earnings Per Share Attributable to U.S. Global Investors, Inc. Basic $ (0.29 ) $ 0.13 $ (0.21 ) $ 0.05 Diluted $ (0.29 ) $ 0.13 $ (0.21 ) $ 0.05

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Dec. 31, 2018
Disclosure Text Block [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following tables present the change in accumulated other comprehensive income (loss) (“AOCI”) by component: (dollars in thousands) Unrealized gains (losses) on available-for-sale investments 1 Foreign currency adjustment Total Six Months Ended December 31, 2018 Balance at June 30, 2018 $ 2,089 $ (231 ) $ 1,858 Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049 (2,089 ) - (2,089 ) Balance at July 1, 2018 - (231 ) (231 ) Other comprehensive loss before reclassifications - (27 ) (27 ) Tax effect - - - Amount reclassified from AOCI - - - Tax effect - - - Net other comprehensive loss for six months ended December 31, 2018 - (27 ) (27 ) Balance at December 31, 2018 $ - $ (258 ) $ (258 ) Three Months Ended December 31, 2018 Balance at September 30, 2018 $ - $ (212 ) $ (212 ) Other comprehensive loss before reclassifications - (46 ) (46 ) Tax effect - - - Amount reclassified from AOCI - - - Tax effect - - - Net other comprehensive loss for quarter - (46 ) (46 ) Balance at December 31, 2018 $ - $ (258 ) $ (258 ) (dollars in thousands) Unrealized gains (losses) on available-for-sale investments 2 Foreign currency adjustment Total Six Months Ended December 31, 2017 Balance at June 30, 2017 $ 461 $ (197 ) $ 264 Other comprehensive income before reclassifications 16,923 53 16,976 Tax effect (3,506 ) - (3,506 ) Amount reclassified from AOCI (31 ) - (31 ) Tax effect - - - Net other comprehensive income for six months ended December 31, 2017 13,386 53 13,439 Balance at December 31, 2017 $ 13,847 $ (144 ) $ 13,703 Three Months Ended December 31, 2017 Balance at September 30, 2017 $ 9,594 $ (161 ) $ 9,433 Other comprehensive income before reclassifications 7,783 17 7,800 Tax effect (3,506 ) - (3,506 ) Amount reclassified from AOCI (24 ) - (24 ) Tax effect - - - Net other comprehensive income for quarter 4,253 17 4,270 Balance at December 31, 2017 $ 13,847 $ (144 ) $ 13,703 1. Effective July 1, 2018, upon the adoption of ASU 2016-01, the Company no longer has an available-for-sale category for equity securities for which changes in fair value are recognized in other comprehensive income (loss). See Note 1. 2. Prior to the adoption of ASU 2016-01, amounts reclassified from unrealized gains (losses) on available-for-sale investments, net of tax, were recorded in investment income (loss) on the Consolidated Statements of Operations.

FINANCIAL INFORMATION BY BUSI_2

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)	6 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The Company operates principally in three business segments: providing investment management services to USGIF, offshore clients and ETF clients; investment management services in Canada; and investing for its own account in an effort to add growth and value to its cash position. The following schedule details total revenues and income by business segment: (dollars in thousands) Investment Management Services Investment Management Services - Canada Corporate Investments Consolidated Six months ended December 31, 2018 Net operating revenues $ 1,837 $ 1,185 $ - $ 3,022 Investment income (loss) $ - $ 29 $ (4,331 ) $ (4,302 ) Loss from equity method investments $ - $ - $ (55 ) $ (55 ) Other income $ 19 $ 7 $ - $ 26 Income (loss) before income taxes $ (1,211 ) $ 334 $ (4,459 ) $ (5,336 ) Depreciation and amortization $ 110 $ 5 $ - $ 115 Capital expenditures $ - $ - $ - $ - Gross identifiable assets at December 31, 2018 $ 5,598 $ 2,329 $ 15,256 $ 23,183 Deferred tax asset $ 38 Consolidated total assets at December 31, 2018 $ 23,221 Six months ended December 31, 2017 Net operating revenues $ 2,514 $ 969 $ - $ 3,483 Investment income (loss) $ - $ - $ 452 $ 452 Income from equity method investments $ - $ - $ 2,731 $ 2,731 Other income $ 7 $ 10 $ - $ 17 Income (loss) before income taxes $ (915 ) $ 305 $ 3,182 $ 2,572 Depreciation and amortization $ 116 $ 6 $ - $ 122 Capital expenditures $ - $ - $ - $ - Three months ended December 31, 2018 Net operating revenues $ 793 $ 1,006 $ - $ 1,799 Investment income (loss) $ - $ 35 $ (3,430 ) $ (3,395 ) Loss from equity method investments $ - $ - $ (48 ) $ (48 ) Other income $ 15 $ 2 $ - $ 17 Income (loss) before income taxes $ (805 ) $ 571 $ (3,514 ) $ (3,748 ) Depreciation and amortization $ 55 $ 2 $ - $ 57 Capital expenditures $ - $ - $ - $ - Three months ended December 31, 2017 Net operating revenues $ 1,242 $ 751 $ - $ 1,993 Investment income $ - $ - $ 243 $ 243 Income from equity method investments $ - $ - $ 1,218 $ 1,218 Other income $ 4 $ 10 $ - $ 14 Income (loss) before income taxes $ (515 ) $ 381 $ 1,460 $ 1,326 Depreciation and amortization $ 58 $ 3 $ - $ 61 Capital expenditures $ - $ - $ - $ -

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2018	Jun. 30, 2018
BASIS OF PRESENTATION (Details) [Line Items]
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net		$ 9,500	$ 9,600
Cumulative Effect on Retained Earnings, before Tax	$ 3,100
Cumulative Effect on Retained Earnings, Tax	$ 1,049
U.S. Global Investors Funds [Member] | Equity Funds [Member]
BASIS OF PRESENTATION (Details) [Line Items]
Base percentage adjustment, fund performance not within benchmark index		0.25%
Minimum performance to decignated benchmark over prior rolling twelve months, percentage		5.00%
Galileo [Member]
BASIS OF PRESENTATION (Details) [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions		65.00%

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Nov. 30, 2018	Jun. 30, 2018
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI	$ 12,390		$ 12,390
Equity Securities, FV-NI, Cost	$ 13,812		$ 13,812
Market value of investments to Company's total assets	53.40%		53.40%
Other investments	$ 602		$ 602
Equity Method Investments	219		219			$ 283
Available-for-sale, net unrealized gain (loss), gross						3,138
Available-for-sale, net unrealized gain (loss), net of tax						2,089
Trading Securities, Realized Gain (Loss)		$ 82		$ 736
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments		24		31
Trading Securities, Change in Unrealized Holding Gain (Loss)		60		746
Equity Securities, FV-NI, Unrealized Gain (Loss)	(3,423)	60	(4,374)	746
Proceeds from Sale of Available-for-sale Securities		369	0	401
Available-for-sale Securities, Gross Realized Gains		30		37
Available-for-sale Securities, Gross Realized Losses		6		6
Marketable Securities, Noncurrent	3,592		3,592			7,086
Equity Securities without Readily Determinable Fair Value, Amount	602		602			$ 2,207
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	57		86
Income (Loss) from Equity Method Investments	(48)	1,218	(55)	2,731
Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI	$ 11,537		$ 11,537
Percentage of Financial Assets Derived From Level 1 Inputs Measured at Fair Value	93.00%		93.00%			100.00%
Fair Value, Inputs, Level 2 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI	$ 853		$ 853
Percentage of Financial Assets Derived From Level 2 Inputs Measured at Fair Value	7.00%		7.00%
Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount	$ 223		$ 223
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount	616		616
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount	10		20
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount	0		0
U.S. Global Investors Funds [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI	$ 9,500		$ 9,500
HIVE Blockchain Technologies Ltd. ("HIVE") [Member]
INVESTMENTS (Details) [Line Items]
Investment Owned, Direct, Percentage	3.00%		3.00%
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Marketable Securities, Noncurrent	$ 1,900		$ 1,900			$ 5,600
One Investment [Member]
INVESTMENTS (Details) [Line Items]
Other Investments						1,500
One Investment [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI	946		946
One Investment [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI	130		130
One Investment [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI	816		816
Galileo Partners Fund [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investment, Aggregate Cost						500
Income (Loss) from Equity Method Investments		$ 1,200		$ 2,700
Galileo Technology and Blockchain Fund [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investment, Aggregate Cost						$ 401
Income (Loss) from Equity Method Investments	(43)		(50)
Galileo Technology and Blockchain Fund [Member] | Minimum [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investment, Ownership Percentage					20.00%
Galileo Technology and Blockchain Fund [Member] | Maximum [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investment, Ownership Percentage					25.00%
Galileo Technology and Blockchain LP [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investments	219		219
Equity Method Investment, Aggregate Cost					$ 230
Income (Loss) from Equity Method Investments	$ (5)		$ (5)
Equity Method Investment, Ownership Percentage	16.00%		16.00%
HIVE Blockchain Technologies Ltd. ("HIVE") [Member]
INVESTMENTS (Details) [Line Items]
Investment Owned, Balance, Shares (in Shares)	10		10
Investment Owned, at Cost	$ 2,400		$ 2,400

INVESTMENTS (Details) - Compone

INVESTMENTS (Details) - Components of Company's Trading and Available-for-Sale Investments - USD ($) $ in Thousands		Dec. 31, 2018	Jun. 30, 2018
Securities at fair value1
Securities, cost		$ 13,812
Securities, Unrealized Gains (Losses)		(1,422)
Securities, Fair Value		12,390
Trading securities1
Trading securities, cost			$ 8,365
Trading securities, Fair Value			8,179
Trading securities, Unrealized Gains			22
Trading securities, Unrealized (Losses)			(208)
Available-for-sale securities2
Available-for-sale securities, cost	[1]		3,948
Available-for-sale securities, Fair Value	[1]		7,086
Available-for-sale securities, Unrealized Gains	[1]		3,241
Available-for-sale securities, Unrealized (Losses)	[1]		(103)
Total Securities, cost			12,313
Total Securities, Fair Value			15,265
Total Securities, Unrealized Gains			3,263
Total Securities, Unrealized (Losses)			(311)
Common Stock - International [Member]
Securities at fair value1
Securities, cost	[2]	4,053
Securities, Unrealized Gains (Losses)	[2]	(1,127)
Securities, Fair Value	[2]	2,926
Available-for-sale securities2
Available-for-sale securities, cost	[3]		2,554
Available-for-sale securities, Fair Value	[3]		5,673
Available-for-sale securities, Unrealized Gains	[3]		3,213
Available-for-sale securities, Unrealized (Losses)	[3]		(94)
Common Stock - Domestic [Member]
Securities at fair value1
Securities, cost		45
Securities, Unrealized Gains (Losses)		(45)
Securities, Fair Value		0
Fixed Income Securities [Member]
Securities at fair value1
Securities, cost		8,785
Securities, Unrealized Gains (Losses)		13
Securities, Fair Value		8,798
Trading securities1
Trading securities, cost	[2]		7,785
Trading securities, Fair Value	[2]		7,807
Trading securities, Unrealized Gains	[2]		22
Trading securities, Unrealized (Losses)	[2]		0
Available-for-sale securities2
Available-for-sale securities, cost	[3]		1,000
Available-for-sale securities, Fair Value	[3]		991
Available-for-sale securities, Unrealized Gains	[3]		0
Available-for-sale securities, Unrealized (Losses)	[3]		(9)
Mutual Funds, Domestic Equity [Member]
Securities at fair value1
Securities, cost		929
Securities, Unrealized Gains (Losses)		(263)
Securities, Fair Value		$ 666
Trading securities1
Trading securities, cost			535
Trading securities, Fair Value			372
Trading securities, Unrealized Gains			0
Trading securities, Unrealized (Losses)			(163)
Available-for-sale securities2
Available-for-sale securities, cost	[3]		394
Available-for-sale securities, Fair Value	[3]		422
Available-for-sale securities, Unrealized Gains	[3]		28
Available-for-sale securities, Unrealized (Losses)	[3]		0
Other Securities [Member]
Trading securities1
Trading securities, cost	[2]		45
Trading securities, Fair Value	[2]		0
Trading securities, Unrealized Gains	[2]		0
Trading securities, Unrealized (Losses)	[2]		$ (45)
[1]	Net unrealized gains on available-for-sale securities gross and net of tax as of June 30, 2018, were $3,138 and $2,089, respectively.
[2]	Prior to July 1, 2018, changes in unrealized and realized gains and losses on trading securities were included in earnings in the statement of operations.
[3]	Prior to July 1, 2018, changes in unrealized gains and losses on available-for-sale securities were excluded from earnings and recorded in other comprehensive income as a separate component of shareholders' equity until realized.

INVESTMENTS (Details) - Summary

INVESTMENTS (Details) - Summary of Gross Unrealized Losses and Fair Value of Available-for-Sale Investments $ in Thousands	Jun. 30, 2018USD ($)
Available-for-sale securities
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 1,030
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized loss	(103)
Available-for-sale securities, continuous unrealized loss position, 12 months or greater, fair value	0
Available-for-sale securities, continuous unrealized loss position, 12 months or greater, gross unrealized loss	0
Available-for-sale securities, continuous unrealized loss position, fair value, total	1,030
Available-for-sale securities, continuous unrealized loss position, gross unrealized losses, total	(103)
Common Stock - International [Member]
Available-for-sale securities
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	39
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized loss	(94)
Available-for-sale securities, continuous unrealized loss position, 12 months or greater, fair value	0
Available-for-sale securities, continuous unrealized loss position, 12 months or greater, gross unrealized loss	0
Available-for-sale securities, continuous unrealized loss position, fair value, total	39
Available-for-sale securities, continuous unrealized loss position, gross unrealized losses, total	(94)
Fixed Income Securities [Member]
Available-for-sale securities
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	991
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized loss	(9)
Available-for-sale securities, continuous unrealized loss position, 12 months or greater, fair value	0
Available-for-sale securities, continuous unrealized loss position, 12 months or greater, gross unrealized loss	0
Available-for-sale securities, continuous unrealized loss position, fair value, total	991
Available-for-sale securities, continuous unrealized loss position, gross unrealized losses, total	$ (9)

INVESTMENTS (Details) - Investm

INVESTMENTS (Details) - Investment Income (Loss) Reflected in Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Investments Debt And Equity Securities Abstract
Realized losses on sales of fair valued securities 1	$ 0	$ (58)	$ 0	$ (705)
Unrealized gains (losses) on fair valued securities 2	(3,423)	60	(4,374)	746
Realized foreign currency gains (losses)	(27)	3	(25)	(19)
Impairments in equity investments that do not have readily determinable fair values	(57)	0	(86)	0
Dividend and interest income	112	238	183	430
Total Investment Income (Loss)	$ (3,395)	$ 243	$ (4,302)	$ 452

INVESTMENTS (Details) - Fair Va

INVESTMENTS (Details) - Fair Value, Assets Measured on Recurring Basis - USD ($) $ in Thousands		Dec. 31, 2018	Jun. 30, 2018
Securities at fair value
Total securities fair value		$ 12,390
Trading securities
Trading securities, at fair value			$ 8,179
Available-for-sale securities
Total available-for-sale securities	[1]		7,086
Total securities fair value			15,265
Fair Value, Inputs, Level 1 [Member]
Securities at fair value
Total securities fair value		11,537
Trading securities
Trading securities, at fair value			8,179
Available-for-sale securities
Total available-for-sale securities			7,086
Total securities fair value			15,265
Fair Value, Inputs, Level 2 [Member]
Securities at fair value
Total securities fair value		853
Trading securities
Trading securities, at fair value			0
Available-for-sale securities
Total available-for-sale securities			0
Total securities fair value			0
Fair Value, Inputs, Level 3 [Member]
Securities at fair value
Total securities fair value		0
Trading securities
Trading securities, at fair value			0
Available-for-sale securities
Total available-for-sale securities			0
Total securities fair value			0
Common Stock - International [Member]
Securities at fair value
Total securities fair value	[2]	2,926
Available-for-sale securities
Total available-for-sale securities	[3]		5,673
Common Stock - International [Member] | Fair Value, Inputs, Level 1 [Member]
Securities at fair value
Total securities fair value		2,073
Available-for-sale securities
Total available-for-sale securities			5,673
Common Stock - International [Member] | Fair Value, Inputs, Level 2 [Member]
Securities at fair value
Total securities fair value		853
Available-for-sale securities
Total available-for-sale securities			0
Common Stock - International [Member] | Fair Value, Inputs, Level 3 [Member]
Securities at fair value
Total securities fair value		0
Available-for-sale securities
Total available-for-sale securities			0
Common Stock - Domestic [Member]
Securities at fair value
Total securities fair value		0
Common Stock - Domestic [Member] | Fair Value, Inputs, Level 1 [Member]
Securities at fair value
Total securities fair value		0
Common Stock - Domestic [Member] | Fair Value, Inputs, Level 2 [Member]
Securities at fair value
Total securities fair value		0
Common Stock - Domestic [Member] | Fair Value, Inputs, Level 3 [Member]
Securities at fair value
Total securities fair value		0
Fixed Income Securities [Member]
Securities at fair value
Total securities fair value		8,798
Trading securities
Trading securities, at fair value	[2]		7,807
Available-for-sale securities
Total available-for-sale securities	[3]		991
Fixed Income Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities at fair value
Total securities fair value		8,798
Trading securities
Trading securities, at fair value			7,807
Available-for-sale securities
Total available-for-sale securities			991
Fixed Income Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities at fair value
Total securities fair value		0
Trading securities
Trading securities, at fair value			0
Available-for-sale securities
Total available-for-sale securities			0
Fixed Income Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities at fair value
Total securities fair value		0
Trading securities
Trading securities, at fair value			0
Available-for-sale securities
Total available-for-sale securities			0
Mutual Funds, Domestic Equity [Member]
Securities at fair value
Total securities fair value		666
Trading securities
Trading securities, at fair value			372
Available-for-sale securities
Total available-for-sale securities	[3]		422
Mutual Funds, Domestic Equity [Member] | Fair Value, Inputs, Level 1 [Member]
Securities at fair value
Total securities fair value		666
Trading securities
Trading securities, at fair value			372
Available-for-sale securities
Total available-for-sale securities			422
Mutual Funds, Domestic Equity [Member] | Fair Value, Inputs, Level 2 [Member]
Securities at fair value
Total securities fair value		0
Trading securities
Trading securities, at fair value			0
Available-for-sale securities
Total available-for-sale securities			0
Mutual Funds, Domestic Equity [Member] | Fair Value, Inputs, Level 3 [Member]
Securities at fair value
Total securities fair value		$ 0
Trading securities
Trading securities, at fair value			0
Available-for-sale securities
Total available-for-sale securities			0
Other Securities [Member]
Trading securities
Trading securities, at fair value	[2]		0
Other Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Trading securities
Trading securities, at fair value			0
Other Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Trading securities
Trading securities, at fair value			0
Other Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Trading securities
Trading securities, at fair value			$ 0
[1]	Net unrealized gains on available-for-sale securities gross and net of tax as of June 30, 2018, were $3,138 and $2,089, respectively.
[2]	Prior to July 1, 2018, changes in unrealized and realized gains and losses on trading securities were included in earnings in the statement of operations.
[3]	Prior to July 1, 2018, changes in unrealized gains and losses on available-for-sale securities were excluded from earnings and recorded in other comprehensive income as a separate component of shareholders' equity until realized.

INVESTMENTS (Details) - Equity

INVESTMENTS (Details) - Equity Method Investments - Galileo Partners Fund [Member] $ in Thousands	4 Months Ended
	Dec. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Company's share of income from equity method investment	$ 2,731
Galileo Partners Fund [Member]
Schedule of Equity Method Investments [Line Items]
Realized gains on sales of investments	1,921
Unrealized gains on investments	9,612
Fund fees and expenses, including performance fees	(2,810)
Net income of fund	$ 8,723

INVESTMENT MANAGEMENT AND OTH_3

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Fund Clients [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 245		$ 245		$ 419
U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Aggregate Fees Waived and Expenses Borne	212	$ 102	377	$ 334
U.S. Global Investors Funds [Member] | Fund Clients [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	170		$ 170		321
U.S. Global ETFs [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Unitary Management Fee, Percentage of Average Net Assets			0.60%
U.S. Global ETFs [Member] | Fund Clients [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 50		$ 50		54
Investor Class Shares [Member] | U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Administrative fee rate			0.05%
Institutional Class Shares [Member] | U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Administrative fee rate			0.04%
Equity Funds [Member] | U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Base percentage adjustment, fund performance not within benchmark index	0.25%		0.25%
Minimum performance to designated benchmark over prior rolling twelve months, percent	5.00%		5.00%
Galileo [Member] | Fund Clients [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Aggregate Fees Waived and Expenses Borne	$ 45	$ 9	$ 161	$ 33
Receivables, Net, Current	$ 25		$ 25		$ 44

INVESTMENT MANAGEMENT AND OTH_4

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - Disaggregation of Revenue - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 1,799	$ 1,993	$ 3,022	$ 3,483
Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,756	1,929	2,926	3,362
Administrative Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	43	64	96	121
Investment Management Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	793	1,242	1,837	2,514
Investment Management Services - Canada [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,006	751	1,185	969
U.S. Global Investors Funds [Member] | Administrative Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	43	64	96	121
U.S. Global Investors Funds [Member] | Base Advisory Fees [Member] | Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	773	1,184	1,684	2,329
U.S. Global Investors Funds [Member] | Investment Performance [Member] | Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	(176)	(192)	(262)	(308)
U.S. Global ETFs [Member] | Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	153	184	319	369
Offshore Clients [Member] | Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	2	0	3
Investment Management Services - Canada [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,006	751	1,185	969
Investment Management Services - Canada [Member] | Base Advisory Fees [Member] | Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	136	287	315	505
Investment Management Services - Canada [Member] | Investment Performance [Member] | Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 870	$ 464	$ 870	$ 464

RESTRICTED CASH (Details) - Res

RESTRICTED CASH (Details) - Restrictions on Cash and Cash Equivalents - USD ($) $ in Thousands	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Restrictions on Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 6,055	$ 6,364
Restricted cash	1,000	1,000
Total cash, cash equivalents, and restricted cash	$ 7,055	$ 7,364	$ 3,977	$ 4,958

NOTES RECEIVABLE (Details)

NOTES RECEIVABLE (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2018	Jun. 30, 2018
Receivables [Abstract]
Note Receivable, Face Amount	$ 234
Note receivable, interest rate	15.00%
Note recievable, Maturity	2,021
Notes, Loans and Financing Receivable, Net, Noncurrent	$ 164	$ 199
Notes, Loans and Financing Receivable, Net, Current	$ 70	$ 35

BORROWINGS (Details)

BORROWINGS (Details) $ in Millions	6 Months Ended
	Dec. 31, 2018USD ($)
Debt Disclosure [Abstract]
Credit facility with a one-year maturity for working capital	$ 1
Amended credit agreement expiration date	May 31, 2019
Debt Instrument, Collateral Amount	$ 1

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018	Dec. 03, 2018	Dec. 05, 2017	Dec. 06, 2016	Dec. 09, 2015	Dec. 10, 2014	Dec. 12, 2013	Dec. 07, 2012
STOCKHOLDERS' EQUITY (Details) [Line Items]
Repurchasing Amount (in Dollars)				$ 15	$ 131
Options outstanding		4,000		4,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number		4,000		4,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share)		$ 7.53		$ 7.53
Number of options exercised		0	0	0	0
Number of options forfeited		0	0	0	0
Number of options granted		0	0	0	0
Share-based Compensation (in Dollars)		$ 0	$ 0	$ 2	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars)		$ 0	$ 0	$ 0	$ 0
Monthly Dividends Paid [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)				$ 0.0025		$ 0.0025
Scenario, Forecast [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Monthly Dividend Declared (in Dollars per share)	$ 0.0025
Scenario, Forecast [Member] | Monthly Dividend Authorized [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Monthly Dividend Declared (in Dollars per share)	$ 0.0025
Common Class A [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Number of shares repurchased		11,000	36,748	12,000	45,947
Repurchasing Amount (in Dollars)		$ 13	$ 117	$ 15	$ 131
Share Repurchase Renewal, December 2015 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)										$ 2,750
Share Repurchase Renewal, December 2017 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)								$ 2,750
Share Repurchase Renewal, December 2016 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)									$ 2,750
Share Repurchase Renewal, December 2013 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)												$ 2,750
Share Repurchase Plan - December 2012 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)													$ 2,750
Share Repurchase Plan - December 2018 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)							$ 2,750
Share Repurchase Renewal, December 2014 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)											$ 2,750

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Employee Stock Option [Member]
EARNINGS PER SHARE (Details) [Line Items]
Employee stock options excluded from diluted EPS	4,000	2,000	4,000	2,000

EARNINGS PER SHARE (Details) -

EARNINGS PER SHARE (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share Basic And Diluted Abstract
Net Income (Loss)	$ (3,015)	$ 884	$ (4,247)	$ 2,120
Less: Net Income Attributable to Non-Controlling Interest	196	135	113	101
Net Income (Loss) Attributable to U.S. Global Investors, Inc.	$ (3,211)	$ 749	$ (4,360)	$ 2,019
Weighted average number of outstanding shares
Basic	15,145,702	15,160,589	15,145,293	15,171,620
Effect of dilutive securities
Employee stock options	0	0	0	0
Diluted	15,145,702	15,160,589	15,145,293	15,171,620
Earnings Per Share Attributable to U.S. Global Investors, Inc.
Basic	$ (0.21)	$ 0.05	$ (0.29)	$ 0.13
Diluted	$ (0.21)	$ 0.05	$ (0.29)	$ 0.13

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
INCOME TAXES (Details) [Line Items]
Valuation allowance			$ 2,400		$ 1,700
Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	35.00%		21.00%	28.00%
Operating loss carryover			6,200
Domestic Tax Authority [Member] | Expiring in Fiscal Year 2035 [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover			2,000
Domestic Tax Authority [Member] | Expiring in Fiscal Year 2036 [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover			2,700
Domestic Tax Authority [Member] | No Expiration [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover			$ 1,500
Foreign Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			26.50%
CANADA | Foreign Tax Authority [Member] | Expiring in Fiscal Year 2039 [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover			$ 72
Capital Loss Carryforward [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			1,000
Capital Loss Carryforward [Member] | Domestic Tax Authority [Member] | Expiring in Fiscal Year 2022 [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			687
Capital Loss Carryforward [Member] | Domestic Tax Authority [Member] | Expiring In Fiscal Year 2023 [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			348
Capital Loss Carryforward [Member] | CANADA | Foreign Tax Authority [Member] | No Expiration [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			75
Charitable Contributions [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			69
Charitable Contributions [Member] | Domestic Tax Authority [Member] | Expiring In Fiscal Year 2023 [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			11
Charitable Contributions [Member] | Domestic Tax Authority [Member] | Expiring in Fiscal Year 2019 [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			34
Charitable Contributions [Member] | Domestic Tax Authority [Member] | Expiring in Fiscal Year 2020 [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			19
Charitable Contributions [Member] | Domestic Tax Authority [Member] | Expiring in Fiscal Year 2021 [Member]
INCOME TAXES (Details) [Line Items]
Tax Credit Carryforward			$ 5

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) - USD ($) $ in Thousands		Jul. 01, 2018		Dec. 31, 2018		Dec. 31, 2017		Dec. 31, 2018		Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, begining of period		$ 1,858		$ (212)		$ 9,433		$ 1,858		$ 264
Accumulated other comprehensive income (loss), net of tax, end of period		(231)		(258)		13,703		(258)		13,703
Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049		(2,089)
Other comprehensive income (loss) before reclassifications				(46)		7,800		(27)		16,976
Tax effect				0		(3,506)		0		(3,506)
Amount reclassified from AOCI				0		(24)		0		(31)
Tax effect				0		0		0		0
Net other comprehensive income (loss) for quarter				(46)		4,270		(27)		13,439
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, begining of period		2,089	[1]	0	[1]	9,594	[2]	2,089	[1]	461	[2]
Accumulated other comprehensive income (loss), net of tax, end of period		0	[1]	0	[1]	13,847	[2]	0	[1]	13,847	[2]
Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049	[1]	(2,089)
Other comprehensive income (loss) before reclassifications				0	[1]	7,783	[2]	0	[1]	16,923	[2]
Tax effect				0	[1]	(3,506)	[2]	0	[1]	(3,506)	[2]
Amount reclassified from AOCI				0	[1]	(24)	[2]	0	[1]	(31)	[2]
Tax effect				0	[1]	0	[2]	0	[1]	0	[2]
Net other comprehensive income (loss) for quarter				0	[1]	4,253	[2]	0	[1]	13,386	[2]
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, begining of period		(231)		(212)		(161)		(231)		(197)
Accumulated other comprehensive income (loss), net of tax, end of period		(231)		(258)		(144)		(258)		(144)
Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049		$ 0
Other comprehensive income (loss) before reclassifications				(46)		17		(27)		53
Tax effect				0		0		0		0
Amount reclassified from AOCI				0		0		0		0
Tax effect				0		0		0		0
Net other comprehensive income (loss) for quarter				$ (46)		$ 17		$ (27)		$ 53
[1]	Effective July 1, 2018, upon the adoption of ASU 2016-01, the Company no longer has an available-for-sale category for equity securities for which changes in fair value are recognized in other comprehensive income (loss). See Note 1.
[2]	Prior to the adoption of ASU 2016-01, amounts reclassified from unrealized gains (losses) on available-for-sale investments, net of tax, were recorded in investment income (loss) on the Consolidated Statements of Operations.

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) (Parentheticals) $ in Thousands	Jul. 01, 2018USD ($)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification pursuant to adoption of ASU 2016-01, tax	$ 1,049

FINANCIAL INFORMATION BY BUSI_3

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Number of Operating Segments			3
Net Operating Revenues	$ 1,799	$ 1,993	$ 3,022	$ 3,483
Investment Management Services [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net Operating Revenues	793	1,242	1,837	2,514
Investment Management Services - Canada [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net Operating Revenues	1,006	751	1,185	969
U.S. Global Investors Funds [Member] | Investment Management Services [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net Operating Revenues	640	1,000	1,500	2,100
U.S. Global ETFs [Member] | Investment Management Services [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net Operating Revenues	153	184	319	369
Galileo Funds [Member] | Investment Management Services - Canada [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net Operating Revenues	$ 1,000	$ 747	$ 1,200	$ 961

FINANCIAL INFORMATION BY BUSI_4

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) - Schedule Details of Financial Information by Business Segment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net operating revenues	$ 1,799	$ 1,993	$ 3,022	$ 3,483
Investment income (loss)	(3,395)	243	(4,302)	452
Income (loss) from equity method investments	(48)	1,218	(55)	2,731
Other income	17	14	26	17
Income (loss) before income taxes	(3,748)	1,326	(5,336)	2,572
Depreciation and amortization	57	61	115	122
Capital expenditures	0	0	0	0
Identifiable assets	23,183		23,183
Deferred tax asset	38		38
Consolidated total assets	23,221		23,221		$ 28,932
Investment Management Services [Member]
Segment Reporting Information [Line Items]
Net operating revenues	793	1,242	1,837	2,514
Investment income (loss)	0	0	0	0
Income (loss) from equity method investments	0	0	0	0
Other income	15	4	19	7
Income (loss) before income taxes	(805)	(515)	(1,211)	(915)
Depreciation and amortization	55	58	110	116
Capital expenditures	0	0	0	0
Identifiable assets	5,598		5,598
Investment Management Services - Canada [Member]
Segment Reporting Information [Line Items]
Net operating revenues	1,006	751	1,185	969
Investment income (loss)	35	0	29	0
Income (loss) from equity method investments	0	0	0	0
Other income	2	10	7	10
Income (loss) before income taxes	571	381	334	305
Depreciation and amortization	2	3	5	6
Capital expenditures	0	0	0	0
Identifiable assets	2,329		2,329
Corporate Investments [Member]
Segment Reporting Information [Line Items]
Net operating revenues	0	0	0	0
Investment income (loss)	(3,430)	243	(4,331)	452
Income (loss) from equity method investments	(48)	1,218	(55)	2,731
Other income	0	0	0	0
Income (loss) before income taxes	(3,514)	1,460	(4,459)	3,182
Depreciation and amortization	0	0	0	0
Capital expenditures	0	$ 0	0	$ 0
Identifiable assets	$ 15,256		$ 15,256

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Details) - Scenario, Forecast [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)$ / shares
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Monthly Dividend Declared | $ / shares	$ 0.0025
Class A and C [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Dividends, Cash | $	$ 114