U.S. Global Investors (GROW) 10-Q 4 Feb 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2020	Jan. 22, 2021
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	0000754811
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Common Class A [Member]
Document Information Line Items
Entity Common Stock, Shares Outstanding		12,996,916
Common Class B [Member]
Document Information Line Items
Entity Common Stock, Shares Outstanding		0
Common Class C [Member]
Document Information Line Items
Entity Common Stock, Shares Outstanding		2,068,635

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Current Assets
Cash and cash equivalents	$ 21,619	$ 1,936
Restricted cash	1,000	1,025
Investments in securities at fair value	6,331	6,322
Accounts and other receivables	2,073	974
Prepaid expenses	400	285
Total Current Assets	31,423	10,542
Net Property and Equipment	1,424	1,506
Other Assets
Investments in securities at fair value, non-current	6,163	5,142
Other investments	1,385	1,283
Held-to-maturity investments	1,000	0
Equity method investments	654	158
Right of use assets	68	93
Other assets, non-current	94	92
Total Other Assets	9,364	6,768
Total Assets	42,211	18,816
Current Liabilities
Accounts payable	136	29
Accrued compensation and related costs	490	360
Dividends payable	113	113
Lease liability, short-term	51	50
Other accrued expenses	1,244	1,015
Taxes payable	4,060	0
Note payable, current	0	442
Total Current Liabilities	6,094	2,009
Long-Term Liabilities
Deferred tax liability	988	0
Lease liability, long-term	17	43
Total Long-Term Liabilities	1,005	43
Total Liabilities	7,099	2,052
Commitments and Contingencies (Note 13)
Shareholders’ Equity
Additional paid-in-capital	15,627	15,623
Treasury stock, class A shares at cost; 863,653 shares and 855,432 shares at December 31, 2020, and June 30, 2020, respectively	(1,925)	(1,879)
Accumulated other comprehensive income (loss), net of tax	8	(4)
Retained earnings	21,003	2,625
Total Shareholders’ Equity	35,112	16,764
Total Liabilities and Shareholders’ Equity	42,211	18,816
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, 2020	Jun. 30, 2020
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	13,866,913	13,866,913
Treasury stock, class A shares at cost; shares	863,653	855,432
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	2,068,635	2,068,635

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Operating Revenues
Other Operating Revenue	$ 444	$ 0	$ 444	$ 0
Total Operating Revenue	5,165	887	8,410	1,691
Operating Expenses
Employee compensation and benefits	3,238	633	4,200	1,345
General and administrative	1,292	663	2,538	1,349
Advertising	67	51	118	74
Depreciation and amortization	49	51	98	102
	4,646	1,398	6,954	2,870
Operating Income (Loss)	519	(511)	1,456	(1,179)
Other Income (Loss)
Investment income (loss)	20,702	(451)	21,700	(3,481)
Income (loss) from equity method investments	463	(28)	484	(55)
Other income	41	39	59	61
	21,206	(440)	22,243	(3,475)
Income (Loss) from Continuing Operations Before Income Taxes	21,725	(951)	23,699	(4,654)
Provision for Income Taxes
Tax expense (benefit)	5,064	(25)	5,094	(249)
Income (Loss) from Continuing Operations	16,661	(926)	18,605	(4,405)
Discontinued Operations
Loss from discontinued operations of investment management services in Canada before income taxes	0	(117)	0	(253)
Tax benefit	0	0	0	0
Loss from Discontinued Operations	0	(117)	0	(253)
Net Income (Loss)	16,661	(1,043)	18,605	(4,658)
Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations	0	(40)	0	(88)
Net Income (Loss) Attributable to U.S. Global Investors, Inc.	$ 16,661	$ (1,003)	$ 18,605	$ (4,570)
Basic Net Income (Loss) per Share
Income (loss) from continuing operations (in Dollars per share)	$ 1.10	$ (0.06)	$ 1.23	$ (0.29)
Loss from discontinued operations (in Dollars per share)	0	0	0	(0.01)
Net income (loss) (in Dollars per share)	1.10	(0.06)	1.23	(0.30)
Diluted Net Income (Loss) per Share
Income (loss) from continuing operations (in Dollars per share)	1.10	(0.06)	1.23	(0.29)
Loss from discontinued operations (in Dollars per share)	0	0	0	(0.01)
Net income (loss) (in Dollars per share)	$ 1.10	$ (0.06)	$ 1.23	$ (0.30)
Basic weighted average number of common shares outstanding (in Shares)	15,082,539	15,129,114	15,081,544	15,129,674
Diluted weighted average number of common shares outstanding (in Shares)	15,082,943	15,129,114	15,081,849	15,129,674
Investment Advisory Services [Member]
Operating Revenues
Revenues	$ 4,669	$ 842	$ 7,864	$ 1,602
Administrative Service [Member]
Operating Revenues
Revenues	$ 52	$ 45	$ 102	$ 89

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS ) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net Income (Loss) Attributable to U.S. Global Investors, Inc.	$ 16,661	$ (1,003)	$ 18,605	$ (4,570)
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation adjustment	8	18	12	1
Comprehensive Income (Loss)	16,669	(985)	18,617	(4,569)
Less: Comprehensive Loss Attributable to Non-Controlling Interest	0	4	0	0
Comprehensive Income (Loss) Attributable to U.S. Global Investors, Inc.	$ 16,669	$ (989)	$ 18,617	$ (4,569)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Class A [Member]Common Stock [Member]	Common Class C [Member]Common Stock [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, 2019	$ 347	$ 52	$ 15,646	$ (1,888)	$ (206)	$ 7,761	$ 467	$ 22,179
Purchases of shares of Common Stock (class A)				(6)				(6)
Issuance of stock under ESPP shares of Common Stock (class A)				2				2
Dividends declared						(227)		(227)
Stock bonuses			(2)	4				2
Stock-based compensation expense			(6)					(6)
Other comprehensive income (loss), net of tax					1			1
Net income (loss)						(4,570)	(88)	(4,658)
Balance at Dec. 31, 2019	347	52	15,638	(1,888)	(205)	2,964	379	17,287
Balance at Sep. 30, 2019	347	52	15,645	(1,888)	(219)	4,080	415	18,432
Purchases of shares of Common Stock (class A)				(3)				(3)
Issuance of stock under ESPP shares of Common Stock (class A)				1				1
Dividends declared						(113)		(113)
Stock bonuses			(1)	2				1
Stock-based compensation expense			(6)					(6)
Other comprehensive income (loss), net of tax					14		4	18
Net income (loss)						(1,003)	(40)	(1,043)
Balance at Dec. 31, 2019	347	52	15,638	(1,888)	(205)	2,964	379	17,287
Balance at Jun. 30, 2020	347	52	15,623	(1,879)	(4)	2,625	0	16,764
Purchases of shares of Common Stock (class A)				(62)				(62)
Issuance of stock under ESPP shares of Common Stock (class A)			1	1				2
Dividends declared						(227)		(227)
Stock bonuses			3	15				18
Other comprehensive income (loss), net of tax					12			12
Net income (loss)						18,605		18,605
Balance at Dec. 31, 2020	347	52	15,627	(1,925)	8	21,003	0	35,112
Balance at Sep. 30, 2020	347	52	15,624	(1,879)	0	4,456	0	18,600
Purchases of shares of Common Stock (class A)				(60)				(60)
Issuance of stock under ESPP shares of Common Stock (class A)			1					1
Dividends declared						(114)		(114)
Stock bonuses			2	14				16
Other comprehensive income (loss), net of tax					8			8
Net income (loss)						16,661		16,661
Balance at Dec. 31, 2020	$ 347	$ 52	$ 15,627	$ (1,925)	$ 8	$ 21,003	$ 0	$ 35,112

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parentheticals) - Common Stock [Member] - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Common Class A [Member]
Balance	13,866,913	13,866,811	13,866,913	13,866,751
Balance	13,866,913	13,866,811	13,866,913	13,866,811
Purchases of shares of Common Stock (class A)	15,096	2,000	16,096	3,400
Issuance of stock under ESPP shares of Common Stock (class A)	308	419	575	733
Number of shares issued as result of stock conversion				60
Common Class C [Member]
Balance	2,068,635	2,068,737	2,068,635	2,068,797
Balance	2,068,635	2,068,737	2,068,635	2,068,737
Number of shares converted				(60)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net income (loss)	$ 18,605	$ (4,658)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	98	102
Net recognized loss on disposal of fixed assets	7	0
Net recognized gain on securities	(15,043)	0
Net (income) loss from equity method investment	(484)	55
Net loss from discontinued operations, net of tax	0	253
Provision for deferred taxes	988	(249)
Stock bonuses	18	2
PPP loan forgiveness	(444)	0
Changes in operating assets and liabilities:
Accounts receivable and notes receivable	(1,099)	2
Prepaid expenses and other assets	(93)	(207)
Investment securities	(6,460)	5,064
Accounts payable and accrued expenses	4,503	180
Total adjustments	(18,009)	5,202
Net cash provided by operating activities	596	544
Cash Flows from Investing Activities:
Purchase of property and equipment	(23)	0
Purchase of investments in securities at fair value, non-current	(135)	0
Purchase of other investments	(224)	0
Purchase of held-to-maturity investments	(1,000)	0
Proceeds on sale of non-current investments	20,720	0
Return of capital on investments	10	17
Net cash provided by investing activities	19,348	17
Cash Flows from Financing Activities:
Issuance of common stock	2	2
Repurchases of common stock	(62)	(6)
Dividends paid	(226)	(227)
Net cash used in financing activities	(286)	(231)
Net increase in cash, cash equivalents, and restricted cash	19,658	330
Beginning cash, cash equivalents, and restricted cash	2,961	2,491
Ending cash, cash equivalents, and restricted cash	22,619	2,821
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	$ 2	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2020
Accounting Policies [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, 2020. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, 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”) through March 2, 2020. Effective March 2, 2020, the Company sold its shares in Galileo back to Galileo. Through the date of sale, Galileo was consolidated with the operations of the Company. Frank Holmes, CEO, and Lisa Callicotte, CFO, served as directors of Galileo through March 2, 2020. See Note 2 below for further information. Results of operations of Galileo through the date of sale are presented in the consolidated financial statements as discontinued operations. The COVID-19 pandemic presents ongoing significant economic and societal disruption and market volatility, which have known and yet to be seen impacts to the Company’s business and operating environment driven by significant volatility in the financial markets. There are no reliable estimates of how long the pandemic will last, how many people are likely to be affected by it, or its impact on the overall economy. To limit the spread of COVID-19, governments have taken various actions including the issuance of stay-at-home orders and social distancing guidelines, causing some businesses to suspend operations, disrupting the global supply chain, and creating a reduction in demand for many products. This has negatively affected global financial markets. Assets under management (“AUM”) are the primary source of the Company’s revenues. Revenues and net income are significantly affected by investment performance and the total value and composition of AUM. These factors, in turn, are largely determined by overall investment market performance and investor activity. Should the negative effect on global financial markets continue for an extended period, there could be an adverse material financial impact on the Company’s results of operations, cash flows and financial position resulting from reduced revenues earned on AUM and returns on corporate investments. At this time, the Company cannot reasonably estimate the future impact, given the uncertainty over the duration and severity of the economic crisis. 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”). 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 3 and 4. 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 4 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 $7.2 million at December 31, 2020, and $7.0 million at June 30, 2020. 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, but this entity does not qualify as a VIE. Since it is not a VIE, the Company evaluated if it should consolidate it 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 entity and therefore, does not consolidate it. However, the Company was considered to have the ability to exercise significant influence. Thus, the investment has been accounted for under the equity method of accounting. See further information about this investment in Note 3. 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, 2020, are not necessarily indicative of the results the Company may expect for the fiscal year ending June 30, 2021 (“fiscal 2021”), particularly in light of the novel coronavirus 19 (“COVID-19”) and its effects on the U.S. and global economies. 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 In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 2. DISCONTINUED OPERATIONS USCAN entered into a binding letter of intent dated December 30, 2019, with Galileo whereby Galileo, pursuant to a capital restructuring, agreed to repurchase all of its common shares owned by USCAN for $1.0 million (Canadian). The transaction was subject to the approval of Canadian securities regulatory authorities and to the satisfaction of other closing conditions. The transaction closed effective March 2, 2020. Proceeds of approximately $746,000 were received (the equivalent of $1.0 million Canadian on the closing date of sale), and a realized gain of approximately $151,000 was recorded. In addition, approximately $228,000 in foreign currency loss was released from accumulated other comprehensive income (loss) into fiscal year 2020 loss upon closing the sale. After the transaction, the Company has not and will not have continuing involvement with the operations of Galileo, except for an equity method investment in a fund managed by Galileo. See further information on this equity method investment in Note 3, Investments. The results of Galileo through the March 2, 2020, closing date are reflected as “discontinued operations” in the Consolidated Statements of Operations and are therefore, excluded from continuing operations results. Comparative periods shown in the Consolidated Financial Statements have been adjusted to conform to this presentation. Operations of Galileo had previously been presented as the separate business segment of Investment Management Services – Canada. There were no assets or liabilities classified as discontinued operations at December 31, 2020, or June 30, 2020. The components of income (loss) from discontinued operations were as follows. Note that are no amounts in the current fiscal year as the sale closed March 2, 2020. Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2020 2019 2020 2019 Revenues Advisory fees $ - $ 185 $ - $ 85 Expenses Employee compensation and benefits - 54 - 26 General and administrative - 383 - 166 Depreciation and amortization - 5 - 3 - 442 - 195 Other Income (Loss) Investment income (loss) - 3 - (7 ) Other income - 1 - - - 4 - (7 ) Loss from discontinued operations of investment management services in Canada before income taxes - (253 ) - (117 ) Tax expense (benefit) - - - - Loss from discontinued operations of investment management services in Canada - (253 ) - (117 ) Less: net loss attributable to non-controlling interest from discontinued operations - (88 ) - (40 ) Net loss attributable to U.S. Global Investors, Inc. from discontinued operations of investment management services in Canada $ - $ (165 ) $ - $ (77 ) 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, which were included in advisory fees in the table above if applicable, were recognized when it was determined that they were no longer probable of significant reversal. Galileo recorded no performance fees from these clients in fiscal year 2020. Galileo may, at its discretion, waive and absorb some of its clients’ operating expenses. The amount of fund expenses waived and absorbed (recovered) was ($20,000) and $20,000 the three and six months ended December 31, 2019, respectively. Galileo had leases for office equipment and facilities. See further information on these leases in Note 6, Leases.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Investments and Other Noncurrent Assets [Text Block]	NOTE 3. INVESTMENTS As of December 31, 2020, the Company held investments in securities at fair value totaling approximately $12.5 million with a cost basis of approximately $10.6 million. The fair value of these investments is 29.6 percent of the Company’s total assets at December 31, 2020. In addition, the Company held other investments of approximately $1.4 million, held-to-maturity debt investments of approximately $1.0 million and investments of approximately $654,000 accounted for under the equity method of accounting. 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. Held-to-maturity debt investments are purchased with the intent and ability to hold until maturity and are measured at amortized cost, which approximates fair value. The Company’s investments in held-to-maturity debt investments were $1.0 million maturing in six years, as of December 31, 2020. The Company did not have any held-to-maturity debt as of June 30, 2020. 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). 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, 2020, and June 30, 2020. December 31, 2020 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Securities at fair value Common stock - International $ 3,313 $ 2,036 $ 5,349 Common stock - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 18 6,331 Mutual funds - Global equity 929 (115 ) 814 Mutual funds - Domestic equity - - - Total securities at fair value $ 10,600 $ 1,894 $ 12,494 June 30, 2020 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Securities at fair value Common stock - International $ 5,641 $ (1,162 ) $ 4,479 Common stock - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity - - - Mutual funds - Domestic equity 929 (266 ) 663 Total securities at fair value $ 12,928 $ (1,464 ) $ 11,464 Included in the above table was $7.1 million and $7.0 million as of December 31, 2020, and June 30, 2020, respectively, at fair value invested in USGIF. Investment Income (Loss) 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 and observable price changes on equity investments without readily determinable fair values; and • dividend and interest income. The following summarizes investment income (loss) reflected in earnings from continuing operations: Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment Income (Loss) 2020 2019 2020 2019 Unrealized gains (losses) on fair valued securities $ 6,573 $ (3,653 ) $ 5,466 $ (591 ) Unrealized gains (losses) on equity securities without readily determinable fair values (113 ) 100 - 100 Realized gains on sales of fair valued securities 15,043 - 15,043 - Realized foreign currency gains 176 - 175 1 Dividend and interest income 21 72 18 39 Total Investment Income (Loss) $ 21,700 $ (3,481 ) $ 20,702 $ (451 ) During the quarter ended December 31, 2020, the Company sold its 10 million common shares of HIVE Blockchain Technologies Ltd. (“HIVE”). HIVE is a company that is headquartered and traded in Canada with cryptocurrency mining facilities in Iceland, Sweden, and Canada. The cost of the 10 million shares was $2.4 million. In fiscal year 2019, the Company adopted ASU 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities The three and six months ended December 31, 2020, included approximately $5.5 million and $6.5 million of net unrealized gains recognized on equity securities still held at December 31, 2020. Investment income (loss) 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 and exchange-traded funds, are valued at net asset value or closing price, as applicable. 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, 2020, and June 30, 2020, for the major categories of investments measured at fair value on a recurring basis: December 31, 2020 Quoted Prices Significant Other Inputs Significant Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Securities at fair value Common stock - International $ 5,349 $ - $ - $ 5,349 Common stock - Domestic - - - - Mutual funds - Fixed income 6,331 - - 6,331 Mutual funds - Global equity 814 - - 814 Mutual funds - Domestic equity - - - - Total securities at fair value $ 12,494 $ - $ - $ 12,494 June 30, 2020 Quoted Prices Significant Other Inputs Significant Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Securities at fair value Common stock - International $ 4,447 $ 32 $ - $ 4,479 Common stock - Domestic - - - - Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity - - - - Mutual funds - Domestic equity 663 - - 663 Total securities at fair value $ 11,432 $ 32 $ - $ 11,464 As of December 31, 2020, and June 30, 2020, approximately 100 percent of the Company’s financial assets were classified in the fair value hierarchy as Level 1. The Company has an investment in Thunderbird Entertainment Group Inc. (“Thunderbird”), a company headquartered and traded in Canada, at a cost of $1.5 million. The investment was valued at approximately $3.0 million and $1.2 million at December 31, 2020, and June 30, 2020, respectively, and was classified as Level 1 in the fair value hierarchy. The shares are subject to Canadian securities regulations. The Company’s ownership of Thunderbird was approximately 2.4 percent as of December 31, 2020. Frank Holmes serves on the board of this company as a director and held options at December 31, 2020. The Company has an investment in GoldSpot Discoveries Corp. (“GoldSpot”), a technology company headquartered and traded in Canada which leverages machine learning in natural resource exploration, at a cost of $1.5 million. The investment was valued at approximately $2.1 million at December 31, 2020, and was classified as Level 1 in the fair value hierarchy. The investment was valued at approximately $806,000 at June 30, 2020, of which $774,000 was classified as Level 1 and $32,000 was classified as Level 2 in the fair value hierarchy. The portion of the investment classified in Level 2 was restricted for resale due to escrow and regulatory provisions; its valuation was based on the quoted market price adjusted for the restriction on resale. The remaining shares in escrow were released in August 2020. The Company’s ownership of GoldSpot was approximately 7.3 percent as of December 31, 2020. Holmes served on the board of this company as director from February 2019 to June 2020 and as independent chairman from February 2019 to May 2020 and held common stock and options at December 31, 2020. Other Investments The carrying value of equity securities without readily determinable fair values was approximately $1.4 million and $1.3 million as of December 31, 2020, and June 30, 2020, respectively. The Company has elected to value these investments 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). The carrying value of equity securities without readily determinable fair values has been adjusted as follows: Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2020 2019 2020 2019 Carrying amount, beginning of period $ 1,283 $ 1,404 $ 1,300 $ 1,396 Adjustments: Purchases 225 - 91 - Other downward adjustments (123 ) (16 ) (6 ) (8 ) Upward adjustments - 100 - 100 Carrying amount, end of period $ 1,385 $ 1,488 $ 1,385 $ 1,488 Cumulative impairment adjustments to all equity securities without readily determinable fair values total $536,000 since their respective acquisitions through December 31, 2020. The cumulative amount of other downward adjustments, which include return of capital distributions and observable price changes, is $900,000, which includes $6,000 and $123,000 for the three and six months ended December 31, 2020, respectively. The cumulative amount of upward adjustments is $780,000 through December 31, 2020. There were no upward adjustments in the three and six months ended December 31, 2020, respectively. Investments 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 years 2020 and 2021, the Company had an equity method investment in Galileo New Economy Fund LP (previously known as Galileo Technology and Blockchain LP), a Canadian limited partnership managed by Galileo. The Company owns approximately 21.6 percent of the LP as of December 31, 2020, 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 (loss) for the three and six months ended December 31, 2020, is $463,000 and $484,000 of equity method income for this investment. Included in other income (loss) for the three and six months ended December 31, 2019, is ($28,000) and ($55,000) of equity method loss for this investment. The Company’s investment in the LP was valued at approximately $654,000 and $158,000 at December 31, 2020, and June 30, 2020, respectively. Frank Holmes also directly held an investment in the LP as of December 31, 2020. This investment has a concentration in technology and blockchain companies, which may result in volatility in its valuation.

INVESTMENT MANAGEMENT AND OTHER

INVESTMENT MANAGEMENT AND OTHER FEES	6 Months Ended
	Dec. 31, 2020
Investment Management and Other Fees [Abstract]
Investment Management and Other Fees [Text Block]	NOTE 4. 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) 2020 2019 2020 2019 USGIF advisory fees $ 1,803 $ 1,660 $ 907 $ 824 USGIF performance fees earned (paid) 124 (312 ) 115 (115 ) ETF advisory fees 5,937 254 3,647 133 Total Advisory Fees 7,864 1,602 4,669 842 USGIF administrative services fees 102 89 52 45 Other Operating Revenue 444 - 444 - Total Operating Revenue $ 8,410 $ 1,691 $ 5,165 $ 887 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 2021. 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, 2020, were $185,000 and $401,000, respectively, compared with $122,000 and $266,000, 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 an annual rate of 0.05 percent of average daily net assets 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. As of December 31, 2020, the Company had $2.0 million in receivables from fund clients, of which $394,000 was from USGIF and $1.6 million from the ETFs. As of June 30, 2020, the Company had $869,000 in receivables from fund clients, of which $187,000 was from USGIF and $682,000 from the ETFs. Other Operating revenue includes the extinguishment of debt related to the forgiveness of the Paycheck Protection Program (“PPP”) loan and accrued interest. See further information on the PPP loan in Note 7, Borrowings.

RESTRICTED CASH

RESTRICTED CASH	6 Months Ended
	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	NOTE 5. RESTRICTED CASH Restricted cash represents cash invested in a money market account as collateral for credit facilities 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, 2020 June 30, 2020 Cash and cash equivalents $ 21,619 $ 1,936 Restricted cash 1,000 1,025 Total cash, cash equivalents, and restricted cash $ 22,619 $ 2,961

LEASES

LEASES	6 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Commitments Disclosure [Text Block]	NOTE 6. LEASES The Company has lease agreements on a continuing operations basis for office equipment that expire in fiscal year 2022. Lease expense included in continuing operations totaled $38,000 and $77,000 for the three and six months ended December 31, 2020, and $38,000 and $76,000 for the three and six months ended December 31, 2019, respectively. The Company’s former subsidiary Galileo, which is classified as discontinued operations as described in Note 2, had lease agreements for office equipment and for office facilities. Lease expense included in discontinued operations totaled $29,000 and $60,000 for the three and six months ended December 31, 2019. For continuing operations, the components of lease expense included in general and administrative expense on the Consolidated Statements of Operations and qualitative information concerning the Company’s operating leases were as follows: Six Months Ending Three Months Ending December 31, December 31, (dollars in thousands) 2020 2019 2020 2019 Operating lease cost $ 26 $ 26 $ 13 $ 13 Short-term lease cost 51 50 25 25 Total lease cost $ 77 $ 76 $ 38 $ 38 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 26 $ 26 $ 13 $ 13 Right-of-use assets obtained in exchanged for: Net operating lease liabilities $ - $ 141 $ - $ - Weighted-average remaining lease term (in years) 1.33 2.33 Weighted-average discount rate 4.11 % 4.11 % Maturities of lease liabilities from continuing operations as of December 31, 2020, are as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the six months ended December 31, 2020) $ 26 2022 44 Total lease payments 70 Less imputed interest (2 ) Total $ 68 The Company is the lessor of certain areas of its owned office building under operating leases expiring in various years through fiscal year 2023. At the commencement of an operation lease, no income is recognized; subsequently, lease payments received are recognized on a straight-line basis. Lease income included in other income on the Consolidated Statements of Operations for the three and six months ended December 31, 2020, was $23,000 and $46,000, respectively. Lease income included in other income on the Consolidated Statements of Operations for the three and six months ended December 31, 2019, was $24,000 and $41,000, respectively. The cost of obtaining lessor contracts, which is included in other assets on the Consolidated Balance Sheets, was $6,000 and $7,000 at December 31, 2020, and June 30, 2020, respectively. A summary analysis of annual undiscounted cash flows to be received on leases as of December 31, 2020, is as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the six months ended December 31, 2020) $ 49 2022 81 2023 34 Total lease payments $ 164 The Company may terminate the building leases with one hundred eighty days written notice if it sells the property. If the Company terminates the lease, the Company will pay the tenant a termination fee of the lesser of six months of the base monthly rent or the base monthly rent times the number of months remaining in the initial term.

BORROWINGS

BORROWINGS	6 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 7. BORROWINGS 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, 2021, and the Company intends to renew annually. The credit facility is collateralized by $1 million at December 31, 2020, 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, 2020, the credit facility remains unutilized by the Company. Effective April 12, 2020, the Company was approved for a loan of approximately $442,000 under the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The Company has under 25 employees and is considered a small business. The Company has been granted forgiveness of the entire PPP loan and any accrued interest. Included in Other Operating Revenue, the Company recognized a gain on extinguishment of debt, including interest, of $444,000.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 8. 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 2020 and for July 2020 through December 2020, and as of December 31, 2020 is authorized through March 2021, at which time it will be considered for continuation. See Note 14 for subsequent change in monthly dividend. 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, 2021. 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, 2020, the Company repurchased 15,000 and 16,000 class A shares using cash of $60,000 and $62,000, respectively. For the three and six months ended December 31, 2019, the Company repurchased 2,000 and 3,400 class A shares using cash of $3,000 and $6,000, respectively. 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 2,000 options outstanding and exercisable at December 31, 2020, at a weighted average exercise price of $2.74. There were no options granted, forfeited, or exercised for the six months ended December 31, 2020. There were 2,000 options forfeited during the six months ended December 31, 2019. 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. There was no stock-based compensation expense for the three and six months ended December 31, 2020, or 2019. As of December 31, 2020, and 2019, 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, 2020
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 9. 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) 2020 2019 2020 2019 Income (Loss) from Continuing Operations $ 18,605 $ (4,405 ) $ 16,661 $ (926 ) Loss from Discontinued Operations - (253 ) - (117 ) Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations - (88 ) - (40 ) Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc. - (165 ) - (77 ) Net Income (Loss) Attributable to U.S. Global Investors, Inc. $ 18,605 $ (4,570 ) $ 16,661 $ (1,003 ) Weighted average number of outstanding shares Basic 15,081,544 15,129,674 15,082,539 15,129,114 Effect of dilutive securities Employee stock options 305 - 404 - Diluted 15,081,849 15,129,674 15,082,943 15,129,114 Earnings Per Share Attributable to U.S. Global Investors, Inc. Basic Net Income (Loss) per Share Income (loss) from continuing operations $ 1.23 $ (0.29 ) $ 1.10 $ (0.06 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 1.23 $ (0.30 ) $ 1.10 $ (0.06 ) Diluted Net Income (Loss) per Share Income (loss) from continuing operations $ 1.23 $ (0.29 ) $ 1.10 $ (0.06 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 1.23 $ (0.30 ) $ 1.10 $ (0.06 ) 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, 2020, no employee stock options were excluded from diluted EPS. For the three and six months ended December 31, 2019, employee stock options for 2,000 were excluded from diluted EPS. During the six months ended December 31, 2020, and 2019, 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, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 10. 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. See income tax information for Galileo in Note 2, Discontinued Operations. 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. For U.S. federal income tax purposes at December 31, 2020, the Company has no U.S. federal net operating loss carryovers. The Company has capital loss carryovers of $1.0 million with $696,000 and $348,000 expiring in fiscal years 2022 and 2023, respectively. The Company has no charitable contribution carryovers at December 31, 2020. For Canadian income tax purposes, USCAN has no net operating loss carryovers and no capital loss carryovers. 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, 2020, and June 30, 2020, a valuation allowance of $145,000 and $2.8 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, 2020
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 11. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the change in accumulated other comprehensive income (loss) (“AOCI”) by component: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2020 2019 2020 2019 Beginning Balance $ (4 ) $ (206 ) $ - $ (219 ) Foreign currency translation adjustment, net of tax 1 12 1 8 14 Ending Balance $ 8 $ (205 ) $ 8 $ (205 ) 1 Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSINE

FINANCIAL INFORMATION BY BUSINESS SEGMENT	6 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 12. FINANCIAL INFORMATION BY BUSINESS SEGMENT The Company operates principally in two business segments on a continuing operations basis: providing investment management services to USGIF and ETF clients; and investing for its own account in an effort to add growth and value to its cash position. The former segment of investment management services in Canada is discussed in Note 2, Discontinued Operations. The following schedule details total revenues and income for continuing operations by business segment: (dollars in thousands) Investment Management Services Corporate Investments Consolidated Six months ended December 31, 2020 Net operating revenues $ 8,410 $ - $ 8,410 Investment income $ - $ 21,700 $ 21,700 Income from equity method investments $ - $ 484 $ 484 Other income $ 59 $ - $ 59 Income from continuing operations before income taxes $ 3,463 $ 20,236 $ 23,699 Depreciation and amortization $ 98 $ - $ 98 Gross identifiable assets at December 31, 2020 $ 8,130 $ 34,081 $ 42,211 Deferred tax asset $ - Consolidated total assets at December 31, 2020 $ 42,211 Six months ended December 31, 2019 Net operating revenues $ 1,691 $ - $ 1,691 Investment loss $ - $ (3,481 ) $ (3,481 ) Loss from equity method investments $ - $ (55 ) $ (55 ) Other income $ 61 $ - $ 61 Loss from continuing operations before income taxes $ (1,000 ) $ (3,654 ) $ (4,654 ) Depreciation and amortization $ 96 $ 6 $ 102 Three months ended December 31, 2020 Net operating revenues $ 5,165 $ - $ 5,165 Investment income $ - $ 20,702 $ 20,702 Income from equity method investments $ - $ 463 $ 463 Other income $ 41 $ - $ 41 Income from continuing operations before income taxes $ 2,461 $ 19,264 $ 21,725 Depreciation and amortization $ 49 $ - $ 49 Three months ended December 31, 2019 Net operating revenues $ 887 $ - $ 887 Investment loss $ - $ (451 ) $ (451 ) Loss from equity method investments $ - $ (28 ) $ (28 ) Other income $ 39 $ - $ 39 Loss from continuing operations before income taxes $ (413 ) $ (538 ) $ (951 ) Depreciation and amortization $ 48 $ 3 $ 51 Net operating revenues from investment management services includes operating revenues from USGIF of $1.0 million and $2.0 million for the three and six months ended December 31, 2020, respectively, and $754,000 and $1.4 million for the three and six months ended December 31, 2019, respectively. Net operating revenues from investment management services also include operating revenues from ETF clients of $3.6 million and $5.9 million for the three and six months ended December 31, 2020, respectively, and $133,000 and 254,000 for the three and six months ended December 31, 2019, respectively.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	6 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 13. CONTINGENCIES AND COMMITMENTS The Company continuously reviews 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. As of December 31, 2020, the Board has authorized a monthly dividend of $0.0025 per share through March 2021, 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. As of December 31, 2020, the total amount of cash dividends expected to be paid to class A and class C shareholders from January to March 2021 is approximately $113,000. See Note 14 for subsequent change in monthly dividend. The outbreak of the COVID-19 pandemic and the resulting actions to control or slow the spread has had a significant detrimental effect on the global and domestic economies and financial markets. The Company continues to monitor the impact of COVID-19, but at the date of this report it is too early to determine the full impact this virus may have on the financial markets and economy. Should this emerging macro-economic risk continue for an extended period, there could be an adverse material financial impact to our business and investments, including a material reduction in our results of operations.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 14. SUBSEQUENT EVENTS In January 2021, the Company purchased HIVE convertible securities for $15.0 million. The convertible securities are comprised of 8.0% interest-bearing unsecured convertible debentures with a principal amount of $15.0 million, maturing in five years, and 5 million common share purchase warrants in the capital of HIVE. The principal amount of each debenture is convertible into common shares in the capital of HIVE at a conversion rate of $2.34. Each whole warrant, expiring in 36 months, entitles the Company to acquire one common share at a price of $3.00 (Canadian). In February 2021, the Board authorized an increase in the monthly dividend to $0.0050 per share for February and March 2021, 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 2021 is approximately $188,000.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Dec. 31, 2020
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, 2020. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, 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”) through March 2, 2020. Effective March 2, 2020, the Company sold its shares in Galileo back to Galileo. Through the date of sale, Galileo was consolidated with the operations of the Company. Frank Holmes, CEO, and Lisa Callicotte, CFO, served as directors of Galileo through March 2, 2020. See Note 2 below for further information. Results of operations of Galileo through the date of sale are presented in the consolidated financial statements as discontinued operations. The COVID-19 pandemic presents ongoing significant economic and societal disruption and market volatility, which have known and yet to be seen impacts to the Company’s business and operating environment driven by significant volatility in the financial markets. There are no reliable estimates of how long the pandemic will last, how many people are likely to be affected by it, or its impact on the overall economy. To limit the spread of COVID-19, governments have taken various actions including the issuance of stay-at-home orders and social distancing guidelines, causing some businesses to suspend operations, disrupting the global supply chain, and creating a reduction in demand for many products. This has negatively affected global financial markets. Assets under management (“AUM”) are the primary source of the Company’s revenues. Revenues and net income are significantly affected by investment performance and the total value and composition of AUM. These factors, in turn, are largely determined by overall investment market performance and investor activity. Should the negative effect on global financial markets continue for an extended period, there could be an adverse material financial impact on the Company’s results of operations, cash flows and financial position resulting from reduced revenues earned on AUM and returns on corporate investments. At this time, the Company cannot reasonably estimate the future impact, given the uncertainty over the duration and severity of the economic crisis. 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”). 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 3 and 4. 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 4 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 $7.2 million at December 31, 2020, and $7.0 million at June 30, 2020. 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, but this entity does not qualify as a VIE. Since it is not a VIE, the Company evaluated if it should consolidate it 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 entity and therefore, does not consolidate it. However, the Company was considered to have the ability to exercise significant influence. Thus, the investment has been accounted for under the equity method of accounting. See further information about this investment in Note 3. 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, 2020, are not necessarily indicative of the results the Company may expect for the fiscal year ending June 30, 2021 (“fiscal 2021”), particularly in light of the novel coronavirus 19 (“COVID-19”) and its effects on the U.S. and global economies. 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]	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2020 2019 2020 2019 Revenues Advisory fees $ - $ 185 $ - $ 85 Expenses Employee compensation and benefits - 54 - 26 General and administrative - 383 - 166 Depreciation and amortization - 5 - 3 - 442 - 195 Other Income (Loss) Investment income (loss) - 3 - (7 ) Other income - 1 - - - 4 - (7 ) Loss from discontinued operations of investment management services in Canada before income taxes - (253 ) - (117 ) Tax expense (benefit) - - - - Loss from discontinued operations of investment management services in Canada - (253 ) - (117 ) Less: net loss attributable to non-controlling interest from discontinued operations - (88 ) - (40 ) Net loss attributable to U.S. Global Investors, Inc. from discontinued operations of investment management services in Canada $ - $ (165 ) $ - $ (77 )

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Dec. 31, 2020
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, 2020, and June 30, 2020. December 31, 2020 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Securities at fair value Common stock - International $ 3,313 $ 2,036 $ 5,349 Common stock - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 18 6,331 Mutual funds - Global equity 929 (115 ) 814 Mutual funds - Domestic equity - - - Total securities at fair value $ 10,600 $ 1,894 $ 12,494 June 30, 2020 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Securities at fair value Common stock - International $ 5,641 $ (1,162 ) $ 4,479 Common stock - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity - - - Mutual funds - Domestic equity 929 (266 ) 663 Total securities at fair value $ 12,928 $ (1,464 ) $ 11,464
Gain (Loss) on Securities [Table Text Block]	The following summarizes investment income (loss) reflected in earnings from continuing operations: Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment Income (Loss) 2020 2019 2020 2019 Unrealized gains (losses) on fair valued securities $ 6,573 $ (3,653 ) $ 5,466 $ (591 ) Unrealized gains (losses) on equity securities without readily determinable fair values (113 ) 100 - 100 Realized gains on sales of fair valued securities 15,043 - 15,043 - Realized foreign currency gains 176 - 175 1 Dividend and interest income 21 72 18 39 Total Investment Income (Loss) $ 21,700 $ (3,481 ) $ 20,702 $ (451 )
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following presents fair value measurements, as of December 31, 2020, and June 30, 2020, for the major categories of investments measured at fair value on a recurring basis: December 31, 2020 Quoted Prices Significant Other Inputs Significant Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Securities at fair value Common stock - International $ 5,349 $ - $ - $ 5,349 Common stock - Domestic - - - - Mutual funds - Fixed income 6,331 - - 6,331 Mutual funds - Global equity 814 - - 814 Mutual funds - Domestic equity - - - - Total securities at fair value $ 12,494 $ - $ - $ 12,494 June 30, 2020 Quoted Prices Significant Other Inputs Significant Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Securities at fair value Common stock - International $ 4,447 $ 32 $ - $ 4,479 Common stock - Domestic - - - - Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity - - - - Mutual funds - Domestic equity 663 - - 663 Total securities at fair value $ 11,432 $ 32 $ - $ 11,464
Equity Securities without Readily Determinable Fair Value [Table Text Block]	The carrying value of equity securities without readily determinable fair values has been adjusted as follows: Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2020 2019 2020 2019 Carrying amount, beginning of period $ 1,283 $ 1,404 $ 1,300 $ 1,396 Adjustments: Purchases 225 - 91 - Other downward adjustments (123 ) (16 ) (6 ) (8 ) Upward adjustments - 100 - 100 Carrying amount, end of period $ 1,385 $ 1,488 $ 1,385 $ 1,488

INVESTMENT MANAGEMENT AND OTH_2

INVESTMENT MANAGEMENT AND OTHER FEES (Tables)	6 Months Ended
	Dec. 31, 2020
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) 2020 2019 2020 2019 USGIF advisory fees $ 1,803 $ 1,660 $ 907 $ 824 USGIF performance fees earned (paid) 124 (312 ) 115 (115 ) ETF advisory fees 5,937 254 3,647 133 Total Advisory Fees 7,864 1,602 4,669 842 USGIF administrative services fees 102 89 52 45 Other Operating Revenue 444 - 444 - Total Operating Revenue $ 8,410 $ 1,691 $ 5,165 $ 887

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	6 Months Ended
	Dec. 31, 2020
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 credit facilities 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, 2020 June 30, 2020 Cash and cash equivalents $ 21,619 $ 1,936 Restricted cash 1,000 1,025 Total cash, cash equivalents, and restricted cash $ 22,619 $ 2,961

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Lease, Cost [Table Text Block]	For continuing operations, the components of lease expense included in general and administrative expense on the Consolidated Statements of Operations and qualitative information concerning the Company’s operating leases were as follows: Six Months Ending Three Months Ending December 31, December 31, (dollars in thousands) 2020 2019 2020 2019 Operating lease cost $ 26 $ 26 $ 13 $ 13 Short-term lease cost 51 50 25 25 Total lease cost $ 77 $ 76 $ 38 $ 38 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 26 $ 26 $ 13 $ 13 Right-of-use assets obtained in exchanged for: Net operating lease liabilities $ - $ 141 $ - $ - Weighted-average remaining lease term (in years) 1.33 2.33 Weighted-average discount rate 4.11 % 4.11 %
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Maturities of lease liabilities from continuing operations as of December 31, 2020, are as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the six months ended December 31, 2020) $ 26 2022 44 Total lease payments 70 Less imputed interest (2 ) Total $ 68
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]	A summary analysis of annual undiscounted cash flows to be received on leases as of December 31, 2020, is as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the six months ended December 31, 2020) $ 49 2022 81 2023 34 Total lease payments $ 164

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Dec. 31, 2020
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) 2020 2019 2020 2019 Income (Loss) from Continuing Operations $ 18,605 $ (4,405 ) $ 16,661 $ (926 ) Loss from Discontinued Operations - (253 ) - (117 ) Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations - (88 ) - (40 ) Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc. - (165 ) - (77 ) Net Income (Loss) Attributable to U.S. Global Investors, Inc. $ 18,605 $ (4,570 ) $ 16,661 $ (1,003 ) Weighted average number of outstanding shares Basic 15,081,544 15,129,674 15,082,539 15,129,114 Effect of dilutive securities Employee stock options 305 - 404 - Diluted 15,081,849 15,129,674 15,082,943 15,129,114 Earnings Per Share Attributable to U.S. Global Investors, Inc. Basic Net Income (Loss) per Share Income (loss) from continuing operations $ 1.23 $ (0.29 ) $ 1.10 $ (0.06 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 1.23 $ (0.30 ) $ 1.10 $ (0.06 ) Diluted Net Income (Loss) per Share Income (loss) from continuing operations $ 1.23 $ (0.29 ) $ 1.10 $ (0.06 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 1.23 $ (0.30 ) $ 1.10 $ (0.06 )

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS ) (Tables)	6 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents the change in accumulated other comprehensive income (loss) (“AOCI”) by component: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2020 2019 2020 2019 Beginning Balance $ (4 ) $ (206 ) $ - $ (219 ) Foreign currency translation adjustment, net of tax 1 12 1 8 14 Ending Balance $ 8 $ (205 ) $ 8 $ (205 ) 1 Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSI_2

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)	6 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following schedule details total revenues and income for continuing operations by business segment: (dollars in thousands) Investment Management Services Corporate Investments Consolidated Six months ended December 31, 2020 Net operating revenues $ 8,410 $ - $ 8,410 Investment income $ - $ 21,700 $ 21,700 Income from equity method investments $ - $ 484 $ 484 Other income $ 59 $ - $ 59 Income from continuing operations before income taxes $ 3,463 $ 20,236 $ 23,699 Depreciation and amortization $ 98 $ - $ 98 Gross identifiable assets at December 31, 2020 $ 8,130 $ 34,081 $ 42,211 Deferred tax asset $ - Consolidated total assets at December 31, 2020 $ 42,211 Six months ended December 31, 2019 Net operating revenues $ 1,691 $ - $ 1,691 Investment loss $ - $ (3,481 ) $ (3,481 ) Loss from equity method investments $ - $ (55 ) $ (55 ) Other income $ 61 $ - $ 61 Loss from continuing operations before income taxes $ (1,000 ) $ (3,654 ) $ (4,654 ) Depreciation and amortization $ 96 $ 6 $ 102 Three months ended December 31, 2020 Net operating revenues $ 5,165 $ - $ 5,165 Investment income $ - $ 20,702 $ 20,702 Income from equity method investments $ - $ 463 $ 463 Other income $ 41 $ - $ 41 Income from continuing operations before income taxes $ 2,461 $ 19,264 $ 21,725 Depreciation and amortization $ 49 $ - $ 49 Three months ended December 31, 2019 Net operating revenues $ 887 $ - $ 887 Investment loss $ - $ (451 ) $ (451 ) Loss from equity method investments $ - $ (28 ) $ (28 ) Other income $ 39 $ - $ 39 Loss from continuing operations before income taxes $ (413 ) $ (538 ) $ (951 ) Depreciation and amortization $ 48 $ 3 $ 51

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Millions	8 Months Ended
	Mar. 02, 2020	Dec. 31, 2020	Jun. 30, 2020
Variable Interest Entity, Not Primary Beneficiary [Member]
BASIS OF PRESENTATION (Details) [Line Items]
Net Assets		$ 7.2	$ 7
Galileo [Member]
BASIS OF PRESENTATION (Details) [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	65.00%

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - Galileo [Member] $ in Thousands, $ in Millions	Mar. 02, 2020USD ($)	Mar. 02, 2020CAD ($)	Dec. 30, 2019CAD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019USD ($)
DISCONTINUED OPERATIONS (Details) [Line Items]
Disposal Group, Including Discontinued Operation, Description and Timing of Disposal			USCAN entered into a binding letter of intent dated December 30, 2019, with Galileo whereby Galileo, pursuant to a capital restructuring, agreed to repurchase all of its common shares owned by USCAN for $1.0 million (Canadian). The transaction was subject to the approval of Canadian securities regulatory authorities and to the satisfaction of other closing conditions. The transaction closed effective March 2, 2020. Proceeds of approximately $746,000 were received (the equivalent of $1.0 million Canadian on the closing date of sale), and a realized gain of approximately $151,000 was recorded. In addition, approximately $228,000 in foreign currency loss was released from accumulated other comprehensive income (loss) into fiscal year 2020 loss upon closing the sale. After the transaction, the Company has not and will not have continuing involvement with the operations of Galileo, except for an equity method investment in a fund managed by Galileo.
Disposal Group, Including Discontinued Operation, Consideration (in Dollars)			$ 1
Proceeds from Sales of Business, Affiliate and Productive Assets	$ 746	$ 1
Gain (Loss) on Disposition of Business	151
Foreign Currency Transaction Gain (Loss), before Tax	$ (228)
Galileo [Member]
DISCONTINUED OPERATIONS (Details) [Line Items]
Aggregate Fees Waived and Expenses Borne				$ (20)	$ 20

DISCONTINUED OPERATIONS (Deta_2

DISCONTINUED OPERATIONS (Details) - Disposal Groups, Including Discontinued Operations - Discontinued Operations [Member] - Galileo [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenues
Revenues	$ 0	$ 85	$ 0	$ 185
Expenses
Employee compensation and benefits	0	26	0	54
General and administrative	0	166	0	383
Depreciation and amortization	0	3	0	5
	0	195	0	442
Other Income (Loss)
Investment income	0	(7)	0	3
Other income	0	0	0	1
	0	(7)	0	4
Loss from discontinued operations of investment management services in Canada before income taxes	0	(117)	0	(253)
Tax expense (benefit)	0	0	0	0
Loss from discontinued operations of investment management services in Canada	0	(117)	0	(253)
Less: net loss attributable to non-controlling interest from discontinued operations	0	(40)	0	(88)
Net loss attributable to U.S. Global Investors, Inc. from discontinued operations of investment management services in Canada	$ 0	$ (77)	$ 0	$ (165)

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands, shares in Millions	Jul. 01, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		$ 12,494		$ 12,494			$ 11,464
Equity Securities, FV-NI, Cost		$ 10,600		$ 10,600			12,928
Market value of investments to Company's total assets		29.60%		29.60%
Other investments		$ 1,385		$ 1,385			1,283
Debt Securities, Held-to-maturity		1,000		1,000			0
Equity Method Investments		654		654			158
Proceeds from Sale of Long-term Investments				20,720	$ 0
Equity Securities without Readily Determinable Fair Value, Amount		1,385	$ 1,488	1,385	1,488	$ 1,300	1,283	$ 1,396	$ 1,404
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount		536		536
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount		900		900
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount		6	8	123	16
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount		780		780
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount		0	100	0	100
Income (Loss) from Equity Method Investments		463	(28)	484	(55)
U.S. Global Investors Funds [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		7,100		7,100			7,000
Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, Unrealized Gain (Loss)		5,500		6,500
Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		$ 12,494		$ 12,494			$ 11,432
Percentage of Financial Assets Derived From Level 1 Inputs Measured at Fair Value		100.00%		100.00%			100.00%
Fair Value, Inputs, Level 2 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		$ 0		$ 0			$ 32
HIVE Blockchain Technologies Ltd. ("HIVE") [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Cost		$ 2,400		$ 2,400
Investment Owned, Balance, Shares (in Shares)		10		10
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	$ 3,200
Proceeds from Sale of Long-term Investments		$ 20,600
Equity Securities, FV-NI, Realized Gain		15,000
Thunderbird Entertainment Group [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Cost		$ 1,500		$ 1,500
Investment Owned, Direct Percentage		2.40%		2.40%
Thunderbird Entertainment Group [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		$ 3,000		$ 3,000			1,200
GoldSpot Discoveries, Inc. [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		2,100		2,100			806
Equity Securities, FV-NI, Cost		$ 1,500		$ 1,500
Investment Owned, Direct Percentage		7.30%		7.30%
GoldSpot Discoveries, Inc. [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		$ 2,100		$ 2,100			774
GoldSpot Discoveries, Inc. [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI							32
Galileo New Economy Fund LP [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investments		654		$ 654			$ 158
Equity Method Investment, Ownership Percentage				21.60%
Income (Loss) from Equity Method Investments		$ 463	$ (28)	$ 484	$ (55)

INVESTMENTS (Details) - Compone

INVESTMENTS (Details) - Components of Company's Equity Securities Measured at Fair Value - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Securities at fair value
Securities, Cost	$ 10,600	$ 12,928
Securities, Unrealized Gains (Losses)	1,894	(1,464)
Securities, Fair Value	12,494	11,464
Common Stock - International [Member]
Securities at fair value
Securities, Cost	3,313	5,641
Securities, Unrealized Gains (Losses)	2,036	(1,162)
Securities, Fair Value	5,349	4,479
Common Stock - Domestic [Member]
Securities at fair value
Securities, Cost	45	45
Securities, Unrealized Gains (Losses)	(45)	(45)
Securities, Fair Value	0	0
Fixed Income Securities [Member]
Securities at fair value
Securities, Cost	6,313	6,313
Securities, Unrealized Gains (Losses)	18	9
Securities, Fair Value	6,331	6,322
Mutual Funds, Global Equity [Member]
Securities at fair value
Securities, Cost	929	0
Securities, Unrealized Gains (Losses)	(115)	0
Securities, Fair Value	814	0
Mutual Funds, Domestic Equity [Member]
Securities at fair value
Securities, Cost	0	929
Securities, Unrealized Gains (Losses)	0	(266)
Securities, Fair Value	$ 0	$ 663

INVESTMENTS (Details) - Investm

INVESTMENTS (Details) - Investment Income (Loss) Reflected in Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Investment Income (Loss) Reflected in Earnings [Abstract]
Unrealized gains (losses) on fair valued securities	$ 5,466	$ (591)	$ 6,573	$ (3,653)
Unrealized gains (losses) on equity securities without readily determinable fair values	0	100	(113)	100
Realized gains on sales of fair valued securities	15,043	0	15,043	0
Realized foreign currency gains	175	1	176	0
Dividend and interest income	18	39	21	72
Total Investment Income (Loss)	$ 20,702	$ (451)	$ 21,700	$ (3,481)

INVESTMENTS (Details) - Fair Va

INVESTMENTS (Details) - Fair Value, Assets Measured on Recurring Basis - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Securities at fair value
Total securities fair value	$ 12,494	$ 11,464
Common Stock - International [Member]
Securities at fair value
Total securities fair value	5,349	4,479
Common Stock - Domestic [Member]
Securities at fair value
Total securities fair value	0	0
Fixed Income Securities [Member]
Securities at fair value
Total securities fair value	6,331	6,322
Mutual Funds, Global Equity [Member]
Securities at fair value
Total securities fair value	814	0
Mutual Funds, Domestic Equity [Member]
Securities at fair value
Total securities fair value	0	663
Fair Value, Inputs, Level 1 [Member]
Securities at fair value
Total securities fair value	12,494	11,432
Fair Value, Inputs, Level 1 [Member] | Common Stock - International [Member]
Securities at fair value
Total securities fair value	5,349	4,447
Fair Value, Inputs, Level 1 [Member] | Common Stock - Domestic [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities [Member]
Securities at fair value
Total securities fair value	6,331	6,322
Fair Value, Inputs, Level 1 [Member] | Mutual Funds, Global Equity [Member]
Securities at fair value
Total securities fair value	814	0
Fair Value, Inputs, Level 1 [Member] | Mutual Funds, Domestic Equity [Member]
Securities at fair value
Total securities fair value	0	663
Fair Value, Inputs, Level 2 [Member]
Securities at fair value
Total securities fair value	0	32
Fair Value, Inputs, Level 2 [Member] | Common Stock - International [Member]
Securities at fair value
Total securities fair value	0	32
Fair Value, Inputs, Level 2 [Member] | Common Stock - Domestic [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Fixed Income Securities [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds, Global Equity [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds, Domestic Equity [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Common Stock - International [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Common Stock - Domestic [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Fixed Income Securities [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds, Global Equity [Member]
Securities at fair value
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds, Domestic Equity [Member]
Securities at fair value
Total securities fair value	$ 0	$ 0

INVESTMENTS (Details) - Equity

INVESTMENTS (Details) - Equity Securities without Readily Determinable Fair Value - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Equity Securities without Readily Determinable Fair Value [Abstract]
Carrying amount, beginning of period	$ 1,300	$ 1,396	$ 1,283	$ 1,404
Adjustments:
Purchases	91	0	225	0
Other downward adjustments	(6)	(8)	(123)	(16)
Upward adjustments	0	100	0	100
Carrying amount, end of period	$ 1,385	$ 1,488	$ 1,385	$ 1,488

INVESTMENT MANAGEMENT AND OTH_3

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Aggregate Fees Waived and Expenses Borne	$ 185	$ 122	$ 401	$ 266
Administrative fee rate			0.05%		0.05%
U.S. Global Investors Funds [Member] | Equity 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%
U.S. Global ETFs [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Unitary Management Fee, Percentage of Average Net Assets			0.60%
Fund Clients [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 2,000		$ 2,000		$ 869
Fund Clients [Member] | U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	394		394		187
Fund Clients [Member] | U.S. Global ETFs [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 1,600		$ 1,600		$ 682

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, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Other Operating Revenue	$ 444	$ 0	$ 444	$ 0
Total Operating Revenue	5,165	887	8,410	1,691
Base Advisory Fee [Member[ | Investment and Advisory Services [Member] | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	907	824	1,803	1,660
Investment Performance [Member] | Investment and Advisory Services [Member] | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	115	(115)	124	(312)
Investment and Advisory Services [Member] | U.S. Global ETFs [Member]
Disaggregation of Revenue [Line Items]
Revenues	3,647	133	5,937	254
Investment Management Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	4,669	842	7,864	1,602
Administrative Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	52	45	102	89
Administrative Service [Member] | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 52	$ 45	$ 102	$ 89

RESTRICTED CASH (Details) - Res

RESTRICTED CASH (Details) - Restrictions on Cash and Cash Equivalents - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Restrictions on Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 21,619	$ 1,936
Restricted cash	1,000	1,025
Total cash, cash equivalents, and restricted cash	$ 22,619	$ 2,961	$ 2,821	$ 2,491

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
LEASES (Details) [Line Items]
Description of Lessor Leasing Arrangements, Operating Leases			The Company is the lessor of certain areas of its owned office building under operating leases expiring in various years through fiscal year 2023.
Lease Income	$ 23	$ 24	$ 46	$ 41
Lessor Contracts, Asset	6		$ 6		$ 7
Lessor, Operating Lease, Description			The Company may terminate the building leases with one hundred eighty days written notice if it sells the property. If the Company terminates the lease, the Company will pay the tenant a termination fee of the lesser of six months of the base monthly rent or the base monthly rent times the number of months remaining in the initial term.
Continuing Operations [Member]
LEASES (Details) [Line Items]
Lease expenses	$ 38	38	$ 77	76
Discontinued Operations [Member]
LEASES (Details) [Line Items]
Lease expenses		$ 29		$ 60

LEASES (Details) - Lease, Cost

LEASES (Details) - Lease, Cost - Continuing Operations [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 13	$ 13	$ 26	$ 26
Short-term lease cost	25	25	51	50
Total lease cost	38	38	77	76
Operating cash flows from operating leases	13	13	26	26
Net operating lease liabilities	$ 0	$ 0	$ 0	$ 141
Weighted-average remaining lease term (in years)	1 year 120 days	2 years 120 days	1 year 120 days	2 years 120 days
Weighted-average discount rate	4.11%	4.11%	4.11%	4.11%

LEASES (Details) - Schedule of

LEASES (Details) - Schedule of Future Minimum Rental Payments for Operating Leases $ in Thousands	Dec. 31, 2020USD ($)
Schedule of Future Minimum Rental Payments for Operating Leases [Abstract]
2021 (excluding the six months ended December 31, 2020)	$ 26
2022	44
Total lease payments	70
Less imputed interest	(2)
Total	$ 68

LEASES (Details) - Lessor, Oper

LEASES (Details) - Lessor, Operating Lease, Payments to be Received, Maturity $ in Thousands	Dec. 31, 2020USD ($)
Lessor, Operating Lease, Payments to be Received, Maturity [Abstract]
2021 (excluding the six months ended December 31, 2020)	$ 49
2022	81
2023	34
Total lease payments	$ 164

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands	Apr. 12, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
BORROWINGS (Details) [Line Items]
Credit facility with a one-year maturity for working capital		$ 1,000		$ 1,000
Amended credit agreement expiration date				May 31, 2021
Line of Credit Facility, Collateral				collateralized by $1 million at December 31, 2020, 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
Debt Instrument, Face Amount	$ 442
Gain (Loss) on Extinguishment of Debt		$ 444	$ 0	$ 444	$ 0
Maximum [Member]
BORROWINGS (Details) [Line Items]
Number of Employees	25

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
STOCKHOLDERS' EQUITY (Details) [Line Items]
Repurchasing Amount (in Dollars)			$ 62	$ 6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	2,000		2,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share)	$ 2.74		$ 2.74
Number of options granted	0	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	0	0	0
Number of options, options forfeited	0	0	0	2,000
Share-based Payment Arrangement, Noncash Expense (in Dollars)	$ 6	$ 0	$ 0	$ 0
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount (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
Share Repurchase Plan, December 2012 Renewal, December 2013, December 2014, December 2015, December 2016, December 2017, December 2018, December 2019 and December 2020 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)	$ 2,750		$ 2,750
Common Class A [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Number of shares repurchased	15,000	2,000	16,000	3,400
Repurchasing Amount (in Dollars)	$ 60	$ 3	$ 62	$ 6

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Employee stock options excluded from diluted EPS	0	2,000	0	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, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Income (Loss) from Continuing Operations (in Dollars)	$ 16,661	$ (926)	$ 18,605	$ (4,405)
Loss from Discontinued Operations (in Dollars)	0	(117)	0	(253)
Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations (in Dollars)	0	(40)	0	(88)
Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc. (in Dollars)	0	(77)	0	(165)
Net Income (Loss) Attributable to U.S. Global Investors, Inc. (in Dollars)	$ 16,661	$ (1,003)	$ 18,605	$ (4,570)
Weighted average number of outstanding shares
Basic (in Shares)	15,082,539	15,129,114	15,081,544	15,129,674
Employee stock options (in Shares)	404	0	305	0
Diluted (in Shares)	15,082,943	15,129,114	15,081,849	15,129,674
Basic Net Income (Loss) per Share
Income (loss) from continuing operations	$ 1.10	$ (0.06)	$ 1.23	$ (0.29)
Loss from discontinued operations	0	0	0	(0.01)
Net income (loss)	1.10	(0.06)	1.23	(0.30)
Diluted Net Income (Loss) per Share
Income (loss) from continuing operations	1.10	(0.06)	1.23	(0.29)
Loss from discontinued operations	0	0	0	(0.01)
Net income (loss)	$ 1.10	$ (0.06)	$ 1.23	$ (0.30)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2020	Jun. 30, 2020
INCOME TAXES (Details) [Line Items]
Valuation allowance	$ 145,000	$ 2,800,000
Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover	0
CANADA | Foreign Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	0
Operating loss carryover	0
Capital Loss Carryforward [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	1,000,000
Capital Loss Carryforward [Member] | Expiring in Fiscal Year 2022 [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	696,000
Capital Loss Carryforward [Member] | Expiring in Fiscal Year 2023 [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	348,000
Charitable Contributions [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	$ 0

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS ) (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated other comprehensive income (loss), net of tax, balance		$ 0	$ (219)	$ (4)	$ (206)
Foreign currency translation adjustment, net of tax	[1]	8	14	12	1
Accumulated other comprehensive income (loss), net of tax, balance		$ 8	$ (205)	$ 8	$ (205)
[1]	Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSI_3

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) - Investment Management Services [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
U.S. Global Investors Funds [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	$ 1,000	$ 754	$ 2,000	$ 1,400
U.S. Global ETFs [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	$ 3,600	$ 133	$ 5,900	$ 254

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, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Segment Reporting Information [Line Items]
Net operating revenues	$ 5,165	$ 887	$ 8,410	$ 1,691
Investment income (loss)	20,702	(451)	21,700	(3,481)
Income (loss) from equity method investments	463	(28)	484	(55)
Other income	41	39	59	61
Income (Loss) from continuing operations before income taxes	21,725	(951)	23,699	(4,654)
Depreciation and amortization	49	51	98	102
Gross identifiable assets	42,211		42,211
Deferred tax asset	0		0
Consolidated total assets	42,211		42,211		$ 18,816
Investment Management Services [Member]
Segment Reporting Information [Line Items]
Net operating revenues	5,165	887	8,410	1,691
Investment income (loss)	0	0	0	0
Income (loss) from equity method investments	0	0	0	0
Other income	41	39	59	61
Income (Loss) from continuing operations before income taxes	2,461	(413)	3,463	(1,000)
Depreciation and amortization	49	48	98	96
Gross identifiable assets	8,130		8,130
Corporate Investments [Member]
Segment Reporting Information [Line Items]
Net operating revenues	0	0	0	0
Investment income (loss)	20,702	(451)	21,700	(3,481)
Income (loss) from equity method investments	463	(28)	484	(55)
Other income	0	0	0	0
Income (Loss) from continuing operations before income taxes	19,264	(538)	20,236	(3,654)
Depreciation and amortization	0	$ 3	0	$ 6
Gross identifiable assets	$ 34,081		$ 34,081

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Details) - Forecast [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)$ / shares
Monthly Dividend Authorized [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Monthly Dividend Declared | $ / shares	$ 0.0025
Class A and C [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Amount of cash dividends to be paid to class A and C shareholders | $	$ 113

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended			3 Months Ended
	Mar. 31, 2021$ / shares	Feb. 28, 2021$ / shares	Jan. 31, 2021USD ($)$ / sharesshares	Mar. 31, 2021USD ($)	Jan. 31, 2021$ / shares
HIVE Blockchain Technologies Ltd. ("HIVE") [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Securities, Held-to-maturity, Purchase | $			$ 15,000
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Debt Instrument, Face Amount | $			$ 15,000
Debt Instrument, Term			5 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares			5
Debt Instrument, Convertible, Conversion Price | $ / shares			$ 2.34
Warrants and Rights Outstanding, Term			36 months
Warrant, Description			entitles the Company to acquire one common share at a price of $3.00 (Canadian)
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares					$ 3
Forecast [Member] | Class A and C [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Amount of cash dividends to be paid to class A and C shareholders | $				$ 188
Monthly Dividend Authorized [Member] | Forecast [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Monthly Dividend Declared | $ / shares	$ 0.0050	$ 0.0050