U.S. Global Investors (GROW) 10-Q 7 May 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2021	Apr. 23, 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	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
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		12,978,475
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	Mar. 31, 2021	Jun. 30, 2020
Current Assets
Cash and cash equivalents	$ 9,479	$ 1,936
Restricted cash	1,000	1,025
Investments in securities at fair value	6,322	6,322
Accounts and other receivables	2,645	974
Prepaid expenses	430	285
Total Current Assets	19,876	10,542
Net Property and Equipment	1,388	1,506
Investments in equity securities at fair value, non-current	18,635	5,142
Investments in available-for-sale debt securities at fair value	16,470	0
Other investments	2,940	1,283
Investments in held-to-maturity debt securities	1,000	0
Equity method investments	596	158
Right of use assets	56	93
Other assets, non-current	100	92
Total Other Assets	39,797	6,768
Total Assets	61,061	18,816
Current Liabilities
Accounts payable	72	29
Accrued compensation and related costs	692	360
Dividends payable	226	113
Lease liability, short-term	52	50
Other accrued expenses	1,221	1,015
Taxes payable	3,515	0
Note payable, current	0	442
Total Current Liabilities	5,778	2,009
Long-Term Liabilities
Deferred tax liability	4,681	0
Lease liability, long-term	4	43
Total Long-Term Liabilities	4,685	43
Total Liabilities	10,463	2,052
Commitments and Contingencies (Note 13)
Shareholders’ Equity
Additional paid-in-capital	15,628	15,623
Treasury stock, class A shares at cost; 883,326 shares and 855,432 shares at March 31, 2021, and June 30, 2020, respectively	(2,051)	(1,879)
Accumulated other comprehensive income (loss), net of tax	1,695	(4)
Retained earnings	34,927	2,625
Total Shareholders’ Equity	50,598	16,764
Total Liabilities and Shareholders’ Equity	61,061	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	Mar. 31, 2021	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	883,326	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		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Operating Revenues
Other Operating Revenue	$ 0	$ 0	$ 444	$ 0
Total Operating Revenue	6,355	914	14,765	2,605
Operating Expenses
Employee compensation and benefits	1,382	715	5,582	2,060
General and administrative	1,528	1,091	4,066	2,440
Advertising	44	37	162	111
Depreciation and amortization	49	50	147	152
	3,003	1,893	9,957	4,763
Operating Income (Loss)	3,352	(979)	4,808	(2,158)
Other Income (Loss)
Investment income (loss)	15,505	(441)	37,205	(3,922)
Income (loss) from equity method investments	(64)	(91)	420	(146)
Other income	33	29	92	90
	15,474	(503)	37,717	(3,978)
Income (Loss) from Continuing Operations Before Income Taxes	18,826	(1,482)	42,525	(6,136)
Provision for Income Taxes
Tax expense (benefit)	4,602	75	9,696	(174)
Income (Loss) from Continuing Operations	14,224	(1,557)	32,829	(5,962)
Discontinued Operations
Loss from discontinued operations of investment management services in Canada before income taxes	0	(85)	0	(338)
Tax benefit	0	0	0	0
Loss from Discontinued Operations	0	(85)	0	(338)
Net Income (Loss)	14,224	(1,642)	32,829	(6,300)
Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations	0	(30)	0	(118)
Net Income (Loss) Attributable to U.S. Global Investors, Inc.	$ 14,224	$ (1,612)	$ 32,829	$ (6,182)
Basic Net Income (Loss) per Share
Income (loss) from continuing operations (in Dollars per share)	$ 0.94	$ (0.11)	$ 2.18	$ (0.40)
Loss from discontinued operations (in Dollars per share)	0	0	0	(0.01)
Net income (loss) (in Dollars per share)	0.94	(0.11)	2.18	(0.41)
Diluted Net Income (Loss) per Share
Income (loss) from continuing operations (in Dollars per share)	0.94	(0.11)	2.18	(0.40)
Loss from discontinued operations (in Dollars per share)	0	0	0	(0.01)
Net income (loss) (in Dollars per share)	$ 0.94	$ (0.11)	$ 2.18	$ (0.41)
Basic weighted average number of common shares outstanding (in Shares)	15,061,818	15,121,950	15,075,064	15,127,118
Diluted weighted average number of common shares outstanding (in Shares)	15,062,988	15,121,950	15,075,795	15,127,118
Investment Advisory Services [Member]
Operating Revenues
Revenues	$ 6,304	$ 875	$ 14,168	$ 2,477
Administrative Service [Member]
Operating Revenues
Revenues	$ 51	$ 39	$ 153	$ 128

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS ) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income (Loss) Attributable to U.S. Global Investors, Inc.		$ 14,224	$ (1,612)	$ 32,829	$ (6,182)
Other Comprehensive Income (Loss), Net of Tax:
Unrealized gains on available-for-sale securities arising during period	[1]	1,681	0	1,681	0
Foreign currency translation adjustment		6	310	18	311
Comprehensive Income (Loss)		15,911	(1,302)	34,528	(5,871)
Less: Comprehensive Income Attributable to Non-Controlling Interest		0	114	0	114
Comprehensive Income (Loss) Attributable to U.S. Global Investors, Inc.		$ 15,911	$ (1,416)	$ 34,528	$ (5,985)
[1]	Amounts include tax expense of $447 for both year-to-date and quarter-ending March 31, 2021.

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)				(74)				(74)
Issuance of stock under ESPP shares of Common Stock (class A)			(1)	3				2
Dividends declared						(341)		(341)
Stock bonuses			(3)	6				3
Stock-based compensation expense			(6)					(6)
Deconsolidation of non-controlling interest							(463)	(463)
Other comprehensive income (loss), net of tax					197		114	311
Net income (loss)						(6,182)	(118)	(6,300)
Balance at Mar. 31, 2020	347	52	15,636	(1,953)	(9)	1,238	0	15,311
Balance at Dec. 31, 2019	347	52	15,638	(1,888)	(205)	2,964	379	17,287
Purchases of shares of Common Stock (class A)				(68)				(68)
Issuance of stock under ESPP shares of Common Stock (class A)			(1)	1				0
Dividends declared						(114)		(114)
Stock bonuses			(1)	2				1
Deconsolidation of non-controlling interest							(463)	(463)
Other comprehensive income (loss), net of tax					196		114	310
Net income (loss)						(1,612)	(30)	(1,642)
Balance at Mar. 31, 2020	347	52	15,636	(1,953)	(9)	1,238	0	15,311
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)				(189)				(189)
Issuance of stock under ESPP shares of Common Stock (class A)			2	2				4
Dividends declared						(527)		(527)
Stock bonuses			3	15				18
Other comprehensive income (loss), net of tax					1,699			1,699
Net income (loss)						32,829		32,829
Balance at Mar. 31, 2021	347	52	15,628	(2,051)	1,695	34,927	0	50,598
Balance at Dec. 31, 2020	347	52	15,627	(1,925)	8	21,003	0	35,112
Purchases of shares of Common Stock (class A)				(127)				(127)
Issuance of stock under ESPP shares of Common Stock (class A)			1	1				2
Dividends declared						(300)		(300)
Other comprehensive income (loss), net of tax					1,687			1,687
Net income (loss)						14,224		14,224
Balance at Mar. 31, 2021	$ 347	$ 52	$ 15,628	$ (2,051)	$ 1,695	$ 34,927	$ 0	$ 50,598

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parentheticals) - Common Stock [Member] - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
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)	19,900	69,420	35,996	72,820
Issuance of stock under ESPP shares of Common Stock (class A)	227	553	802	1,286
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	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows from Operating Activities:
Net income (loss)	$ 32,829	$ (6,300)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	147	152
Net recognized loss on disposal of fixed assets	7	0
Net recognized gain on securities	(15,506)	0
Investment basis adjustment	27	(49)
Gain on disposal of Galileo	0	(151)
Net (income) loss from equity method investment	(420)	146
Net loss from discontinued operations, net of tax	0	338
Foreign currency transaction loss	0	228
Provision for deferred taxes	4,234	(139)
Stock bonuses	18	3
PPP loan forgiveness	(444)	0
Changes in operating assets and liabilities:
Accounts receivable and other receivables	(1,671)	108
Prepaid expenses and other assets	(117)	(148)
Investment securities	(21,226)	5,707
Accounts payable and accrued expenses	4,062	456
Total adjustments	(30,889)	6,651
Net cash provided by operating activities	1,940	351
Cash Flows from Investing Activities:
Purchase of property and equipment	(36)	0
Purchase of investments in securities at fair value, non-current	(135)	0
Purchase of other investments	(665)	(75)
Purchase of held-to-maturity investments	(1,000)	0
Purchase of available-for-sale investments	(15,000)	0
Proceeds from sale of Galileo	0	746
Proceeds on sale of non-current investments	22,355	0
Proceeds from maturity of corporate bonds	658	0
Return of capital on investments	0	10
Net cash provided by investing activities	6,177	681
Cash Flows from Financing Activities:
Issuance of common stock	4	2
Repurchases of common stock	(189)	(74)
Dividends paid	(414)	(340)
Net cash used in financing activities	(599)	(412)
Net increase in cash, cash equivalents, and restricted cash	7,518	620
Beginning cash, cash equivalents, and restricted cash	2,961	2,491
Ending cash, cash equivalents, and restricted cash	10,479	3,111
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	$ 1,902	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Mar. 31, 2021
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 novel coronavirus 19 (“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 March 31, 2021, 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 nine months ended March 31, 2021, 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 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, and has subsequently issued several amendments (collectively, “ASU 2016-13”). ASU 2016-13 adds to U.S. GAAP an impairment model (known as the current expected credit loss model) that is based on expected losses rather than incurred losses. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses. ASU 2016-13 will be effective for smaller reporting companies, including U.S. Global, for fiscal years beginning after December 15, 2022. Earlier application is permitted only for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements. 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 (“ASU 2019-04”). ASU 2019-04 clarifies areas of guidance related to the recently issued standards on credit losses (Topic 326), derivatives and hedging (Topic 815), and recognition and measurement of financial instruments (Topic 825). The standard follows the effective dates of the previously issued ASUs, unless an entity has already early adopted the previous ASUs, in which case the effective date will vary according to each specific ASU adoption. The new guidance in ASU 2019-04 on recognizing and measuring financial instruments will be effective for smaller reporting companies, including U.S. Global, for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. If an entity has adopted all of the amendments to ASU 2016-01, it is permitted to early adopt the new guidance. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 enhances and simplifies various aspects of the income tax accounting guidance. The amendments in ASU 2019-12 are effective for public business entities for fiscal years beginning after December 15, 2020, including interim periods therein. Early adoption of the standard is permitted. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Mar. 31, 2021
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 March 31, 2021, 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. Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2021 2020 2021 2020 Revenues Advisory fees $ - $ 235 $ - $ 50 Expenses Employee compensation and benefits - 77 - 23 General and administrative - 508 - 125 Depreciation and amortization - 6 - 1 - 591 - 149 Other Income (Loss) Investment income - 24 - 21 Other loss - (6 ) - (7 ) - 18 - 14 Loss from discontinued operations of investment management services in Canada before income taxes - (338 ) - (85 ) Tax expense (benefit) - - - - Loss from discontinued operations of investment management services in Canada - (338 ) - (85 ) Less: net loss attributable to non-controlling interest from discontinued operations - (118 ) - (30 ) Net loss attributable to U.S. Global Investors, Inc. from discontinued operations of investment management services in Canada $ - $ (220 ) $ - $ (55 ) 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 was $19,000 and $39,000 the three and nine months ended March 31, 2020, respectively. Galileo had leases for office equipment and facilities. See further information on these leases in Note 6, Leases.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block Supplement [Abstract]
Investments and Other Noncurrent Assets [Text Block]	NOTE 3. INVESTMENTS As of March 31, 2021, the Company held investments in securities at fair value totaling approximately $42.4 million with a cost basis of approximately $24.8 million. The fair value of these investments is 69.5 percent of the Company’s total assets at March 31, 2021. In addition, the Company held other investments of approximately $2.9 million and investments of approximately $596,000 accounted for under the equity method of accounting. Investments in equity securities with readily determinable fair values are carried at fair value, and changes in unrealized gains or losses are reported in current period earnings. Investments in debt securities are classified on the acquisition dates and at each balance sheet date. Securities classified as held-to-maturity are carried at amortized cost, which approximates fair value, reflecting the ability and intent to hold the securities to maturity. Securities classified as trading are acquired with the intent to sell in the near term and are carried at fair value with changes reported in earnings. All other debt securities are classified as available-for-sale and are carried at fair value. Investment gains and losses on available-for-sale debt securities are recorded when the securities are sold, as determined on a specific identification basis, and recognized in current period earnings. Changes in unrealized gains are reported net of tax in accumulated other comprehensive income (loss). For securities in an unrealized loss position, a loss in earnings is recognized for the excess of amortized cost over fair value if the Company intends to sell before the price recovers. Otherwise, the Company evaluates as of the balance sheet date whether the unrealized losses are attributable to credit losses or other factors. The severity of the decline in value, creditworthiness of the issuer and other relevant factors are considered. An allowance for credit losses is recorded, limited to the excess of amortized cost over fair value, along with a corresponding charge to earnings if the present value of estimated cash flows is less than the present value of contractual cash flows. The allowance may be subsequently increased or decreased based on the prevailing facts and circumstances. The portion of the unrealized loss that the Company believes is not related to a credit loss is recognized in other comprehensive income. 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 equity investments recorded at fair value as of March 31, 2021, and June 30, 2020. March 31, 2021 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 2,147 $ 15,634 $ 17,781 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity 929 (75 ) 854 Mutual funds - Domestic equity - - - Total equity securities at fair value $ 9,434 $ 15,523 $ 24,957 June 30, 2020 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 5,641 $ (1,162 ) $ 4,479 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity - - - Mutual funds - Domestic equity 929 (266 ) 663 Total equity securities at fair value $ 12,928 $ (1,464 ) $ 11,464 Included in the above table was $7.2 million and $7.0 million as of March 31, 2021, and June 30, 2020, respectively, at fair value invested in USGIF. Debt Investments The following details the components of the Company’s debt investments as of March 31, 2021. The Company did not have any debt investments at June 30, 2020. March 31, 2021 (dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Debt securities Available-for-sale - Corporate bonds $ 14,342 $ 2,128 $ - $ 16,470 Held-to-maturity - Corporate bonds 1,000 - - 1,000 Total debt securities $ 15,342 $ 2,128 $ - $ 17,470 The amortized cost and estimated fair value of debt securities at March 31, 2021, are summarized below by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers. March 31, 2021 (dollars in thousands) Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total Amortized cost $ - $ 14,342 $ 1,000 $ - $ 15,342 Fair Value $ - $ 16,470 $ 1,000 $ - $ 17,470 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 Level 2 Level 3 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 common share purchase warrants not traded on an exchange, the estimated fair value is determined using the Black-Scholes option-pricing model. This sophisticated model utilizes a number of assumptions in arriving at its results, including the estimated life of the warrant, the risk-free interest rate, and the volatility of the underlying common stock. The Company may change the assumption of the risk-free interest rate and utilize the yield curve for instruments with similar characteristics, such as credit ratings and jurisdiction. The effects of changing any of the assumptions or factors employed by the Black-Scholes model may result in a significantly different valuation for the warrants. The fair value of common share purchase warrants that have restrictions are adjusted for the estimated effect of the restriction. For certain debt securities not traded on an exchange, the estimated fair value generally reflects discounted expected future cash flows, which incorporate yield curves for instruments with similar characteristics, such as credit ratings and estimated durations. The portfolio management team, which includes representatives from the investment and accounting departments, also takes into consideration numerous other factors that could affect valuation such as overall market conditions, liquidity of the security and bond structure. For other securities included in the fair value hierarchy with unobservable inputs, the portfolio management team considers a number of factors in determining a security’s fair value, including the security’s trading volume, market values of similar class issuances, investment personnel’s judgment regarding the market experience of the issuer, financial status of the issuer, the issuer’s management, and back testing, as appropriate. The fair values may differ from what may have been used had a broader market for these securities existed. The portfolio management team reviews inputs and assumptions and reports material items to the Board of Directors. Securities which do not have readily determinable fair values are also periodically reviewed by the portfolio management team. The following summarizes the major categories of equity investments at fair value and debt investments as of March 31, 2021, and June 30, 2020, with fair values shown according to the fair value hierarchy. The carrying values of held-to-maturity debt investments are considered to be reasonable estimates of fair values. March 31, 2021 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments in equity securities at fair value: Equities - International $ 5,133 $ 12,648 $ - $ 17,781 Equities - Domestic - - - - Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity 854 - - 854 Mutual funds - Domestic equity - - - - Investments in debt securities: Available-for-sale - Corporate bonds - 16,470 - 16,470 Held-to-maturity - Corporate bonds - 1,000 - 1,000 Total securities at fair value $ 12,309 $ 30,118 $ - $ 42,427 June 30, 2020 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments in equity securities at fair value: Equities - International $ 4,447 $ 32 $ - $ 4,479 Equities - Domestic - - - - Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity - - - - Mutual funds - Domestic equity 663 - - 663 Investments in debt securities: Available-for-sale - Corporate bonds - - - - Held-to-maturity - Corporate bonds - - - - Total securities at fair value $ 11,432 $ 32 $ - $ 11,464 As of March 31, 2021, approximately 29 percent and 71 percent of the Company’s financial assets were classified in the fair value hierarchy as Level 1 and Level 2, respectively. As of June 30, 2020, approximately 100 percent of the Company’s financial assets were classified in the fair value hierarchy as Level 1. During the three months ended March 31, 2021, the Company purchased convertible securities of HIVE Blockchain Technologies Ltd. (“HIVE”), a company that is headquartered and traded in Canada with cryptocurrency mining facilities in Iceland, Sweden, and Canada, for $15.0 million. The convertible securities are comprised of 8.0% interest-bearing unsecured convertible debentures, payable in quarterly installments with a final maturity in January 2026, 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, and the remaining principal amount is $14.3 million as of March 31, 2021. Each whole warrant, expiring in January 2024, entitles the Company to acquire one common share at a price of $3.00 (Canadian). The securities are subject to Canadian securities regulations. The debentures and warrants were valued at approximately $16.5 million and $12.6 million, respectively, at March 31, 2021, and were classified as Level 2 in the fair value hierarchy. Cryptocurrency markets and related securities have been, and are expected to continue to be, volatile. There has been significant volatility in the market price of HIVE, which has materially impacted the value of the investments included on the balance sheet, unrealized gain recognized in investment income (loss), and unrealized gain recognized in other comprehensive income (loss). The investments did not represent ownership in HIVE as of March 31, 2021. Frank Holmes serves on the board as non-executive chairman of HIVE and held shares and options at March 31, 2021. Effective August 31, 2018, Mr. Holmes was named Interim Executive Chairman of HIVE while a search for a new CEO is undertaken. During the nine months ended March 31, 2021, the Company sold its investment of 10 million common shares in HIVE. 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 (“ASU 2016-01”) and its amendments. On July 1, 2018, the Company reclassified $3.2 million of unrealized gains related to its investment in HIVE from Accumulated Other Comprehensive Income (Loss) into Retained Earnings. Therefore, when the HIVE investment was sold, the amount included in realized gains on sales of fair valued securities was the proceeds of $20.6 million, less the cost of $2.4 million and the ASU 2016-01 reclassified unrealized gains of $3.2 million, or $15.0 million. 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 $4.4 million and $1.2 million at March 31, 2021, and June 30, 2020, respectively, and was classified as Level 1 in the fair value hierarchy. The Company’s ownership of Thunderbird was approximately 2.4 percent as of March 31, 2021. Frank Holmes served on the board of this company as a director from June 2014 to March 2021. 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 $514,000. During the three and nine months ended March 31, 2021, the Company recorded realized gains on sales of fair valued securities of $538,000 and $570,000 respectively, from sales of GoldSpot. The investment was valued at approximately $542,000 at March 31, 2021, 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 1.8 percent and 7.3 percent as of March 31, 2021, and June 30, 2020, respectively. 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 March 31, 2021. Other Investments The carrying value of equity securities without readily determinable fair values was approximately $2.9 million and $1.3 million as of March 31, 2021, 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: Nine Months Ended Three Months Ended March 31, March 31, (dollars in thousands) 2021 2020 2021 2020 Carrying amount, beginning of period $ 1,283 $ 1,404 $ 1,385 $ 1,488 Adjustments: Purchases 665 75 440 75 Impairments (6 ) - (6 ) - Other downward adjustments (158 ) (124 ) (35 ) (108 ) Upward adjustments 1,156 163 1,156 63 Carrying amount, end of period $ 2,940 $ 1,518 $ 2,940 $ 1,518 There were impairment adjustments to one security totaling $6,000 during the three and nine months ended March 31, 2021. Cumulative impairment adjustments to all equity securities without readily determinable fair values total $542,000 since their respective acquisitions through March 31, 2021. The cumulative amount of other downward adjustments, which include return of capital distributions and observable price changes, is $935,000, which includes $35,000 and $158,000 for the three and nine months ended March 31, 2021, respectively. The cumulative amount of upward adjustments, which primarily consist of observable price changes, is $1.9 million, which includes $1.2 million for the three and nine months ended March 31, 2021. 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 22.2 percent of the LP as of March 31, 2021, 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 nine months ended March 31, 2021, is ($64,000) and $420,000 of equity method income (loss) for this investment. Included in other income (loss) for the three and nine months ended March 31, 2020, is ($91,000) and ($146,000) of equity method loss for this investment. The Company’s investment in the LP was valued at approximately $596,000 and $158,000 at March 31, 2021, and June 30, 2020, respectively. Frank Holmes also directly held an investment in the LP as of March 31, 2021. This investment has a concentration in technology and blockchain companies, which may result in volatility in its valuation. 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: Nine Months Ended Three Months Ended (dollars in thousands) March 31, March 31, Investment Income (Loss) 2021 2020 2021 2020 Unrealized gains (losses) on fair valued equity securities $ 20,106 $ (3,995 ) $ 13,533 $ (342 ) Unrealized gains (losses) on equity securities without readily determinable fair values 1,025 - 1,138 (100 ) Realized gains on sales of fair valued securities 15,606 - 563 - Realized gain on sale of subsidiary - 151 - 151 Realized foreign currency gains (losses) 164 (234 ) (12 ) (234 ) Impairments in equity securities without readily determinable fair values (6 ) - (6 ) - Dividend and interest income 310 156 289 84 Total Investment Income (Loss) $ 37,205 $ (3,922 ) $ 15,505 $ (441 ) The three and nine months ended March 31, 2021, included approximately $14.7 million and $21.1 million of net unrealized gains recognized on equity securities still held at March 31, 2021. 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.

INVESTMENT MANAGEMENT AND OTHER

INVESTMENT MANAGEMENT AND OTHER FEES	9 Months Ended
	Mar. 31, 2021
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: Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2021 2020 2021 2020 USGIF advisory fees $ 2,781 $ 2,413 $ 978 $ 753 USGIF performance fees earned (paid) 280 (391 ) 156 (79 ) ETF advisory fees 11,107 455 5,170 201 Total Advisory Fees 14,168 2,477 6,304 875 USGIF administrative services fees 153 128 51 39 Other Operating Revenue 444 - - - Total Operating Revenue $ 14,765 $ 2,605 $ 6,355 $ 914 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 and the Global Luxury Goods Fund through April 2022. 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 nine months ended March 31, 2021, were $153,000 and $554,000, respectively, compared with $141,000 and $407,000, 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 March 31, 2021, the Company had $2.5 million in receivables from fund clients, of which $400,000 was from USGIF and $2.1 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	9 Months Ended
	Mar. 31, 2021
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) March 31, 2021 June 30, 2020 Cash and cash equivalents $ 9,479 $ 1,936 Restricted cash 1,000 1,025 Total cash, cash equivalents, and restricted cash $ 10,479 $ 2,961

LEASES

LEASES	9 Months Ended
	Mar. 31, 2021
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 $39,000 and $116,000 for the three and nine months ended March 31, 2021, and $39,000 and $115,000 for the three and nine months ended March 31, 2020, 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 $14,000 and $74,000 for the three and nine months ended March 31, 2020. 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: Nine Months Ending Three Months Ending March 31, March 31, (dollars in thousands) 2021 2020 2021 2020 Operating lease cost $ 40 $ 39 $ 13 $ 13 Short-term lease cost 76 76 26 26 Total lease cost $ 116 $ 115 $ 39 $ 39 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 40 $ 39 13 $ 13 Right-of-use assets obtained in exchanged for: Net operating lease liabilities $ - $ 141 - - Weighted-average remaining lease term (in years) 1.08 2.08 Weighted-average discount rate 4.11 % 4.11 % Maturities of lease liabilities from continuing operations as of March 31, 2021, are as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the nine months ended March 31, 2021) $ 13 2022 44 Total lease payments 57 Less imputed interest (1 ) Total $ 56 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 nine months ended March 31, 2021, was $23,000 and $69,000, respectively. Lease income included in other income on the Consolidated Statements of Operations for the three and nine months ended March 31, 2020, was $23,000 and $64,000, respectively. The cost of obtaining lessor contracts, which is included in other assets on the Consolidated Balance Sheets, was $5,000 and $7,000 at March 31, 2021, and June 30, 2020, respectively. A summary analysis of annual undiscounted cash flows to be received on leases as of March 31, 2021, is as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the nine months ended March 31, 2021) $ 24 2022 81 2023 34 Total lease payments $ 139 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	9 Months Ended
	Mar. 31, 2021
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 March 31, 2021, 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 March 31, 2021, 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 for the nine months ended March 31, 2021, the Company recognized a gain on extinguishment of debt, including interest, of $444,000.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Mar. 31, 2021
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 January 2021. A monthly dividend of $0.0050 per share was paid for February 2021 through March 2021, and as of March 31, 2021 is authorized through June 2021, at which time it will be considered for continuation. The Company has a share repurchase program, approved by the Board of Directors, authorizing the Company to annually purchase up to $2.75 million of its outstanding common shares, as market and business conditions warrant, on the open market in compliance with Rule 10b-18 of the Securities Exchange Act of 1934 through December 31, 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 nine months ended March 31, 2021, the Company repurchased 19,900 and 35,996 class A shares using cash of $127,000 and $189,000, respectively. For the three and nine months ended March 31, 2020, the Company repurchased 69,420 and 72,820 class A shares using cash of $68,000 and $74,000, 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 March 31, 2021, at a weighted average exercise price of $2.74. There were no options granted, forfeited, or exercised for the three or nine months ended March 31, 2021. There were no options granted, forfeited, or exercised for the three months ended March 31, 2020. There were 2,000 options forfeited and no options granted or exercised during the nine months ended March 31, 2020. 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 nine months ended March 31, 2021, or 2020. As of March 31, 2021, and 2020, there was no unrecognized share-based compensation cost related to share-based awards granted under the plans.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Mar. 31, 2021
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: Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands, except per share data) 2021 2020 2021 2020 Income (Loss) from Continuing Operations $ 32,829 $ (5,962 ) $ 14,224 $ (1,557 ) Loss from Discontinued Operations - (338 ) - (85 ) Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations - (118 ) - (30 ) Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc. - (220 ) - (55 ) Net Income (Loss) Attributable to U.S. Global Investors, Inc. $ 32,829 $ (6,182 ) $ 14,224 $ (1,612 ) Weighted average number of outstanding shares Basic 15,075,064 15,127,118 15,061,818 15,121,950 Effect of dilutive securities Employee stock options 731 - 1,170 - Diluted 15,075,795 15,127,118 15,062,988 15,121,950 Earnings Per Share Attributable to U.S. Global Investors, Inc. Basic Net Income (Loss) per Share Income (loss) from continuing operations $ 2.18 $ (0.40 ) $ 0.94 $ (0.11 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 2.18 $ (0.41 ) $ 0.94 $ (0.11 ) Diluted Net Income (Loss) per Share Income (loss) from continuing operations $ 2.18 $ (0.40 ) $ 0.94 $ (0.11 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 2.18 $ (0.41 ) $ 0.94 $ (0.11 ) 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 nine months ended March 31, 2021, no employee stock options were excluded from diluted EPS. For the three and nine months ended March 31, 2020, employee stock options for 2,000 were excluded from diluted EPS. During the nine months ended March 31, 2021, and 2020, 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	9 Months Ended
	Mar. 31, 2021
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 March 31, 2021, the Company has no U.S. federal net operating loss carryovers. The Company has capital loss carryovers of $560,000 with $212,000 and $348,000 expiring in fiscal years 2022 and 2023, respectively. The Company has no charitable contribution carryovers at March 31, 2021. 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 June 30, 2020, a valuation allowance of $2.8 million was included to fully reserve for net operating loss carryovers, other carryovers and certain book/tax differences in the balance sheet. There was no valuation allowance included at March 31, 2021.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS )	9 Months Ended
	Mar. 31, 2021
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: Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2021 2020 2021 2020 Beginning Balance $ (4 ) $ (206 ) $ 8 $ (205 ) Other comprehensive income, net of tax 1 1,681 - 1,681 - Foreign currency translation adjustment, net of tax 2 18 197 6 196 Ending Balance $ 1,695 $ (9 ) $ 1,695 $ (9 ) 1 2

FINANCIAL INFORMATION BY BUSINE

FINANCIAL INFORMATION BY BUSINESS SEGMENT	9 Months Ended
	Mar. 31, 2021
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 Nine months ended March 31, 2021 Net operating revenues $ 14,765 $ - $ 14,765 Investment income $ - $ 37,205 $ 37,205 Income from equity method investments $ - $ 420 $ 420 Other income $ 92 $ - $ 92 Income from continuing operations before income taxes $ 6,902 $ 35,623 $ 42,525 Depreciation and amortization $ 147 $ - $ 147 Gross identifiable assets at March 31, 2021 $ 11,530 $ 49,531 $ 61,061 Deferred tax asset $ - Consolidated total assets at March 31, 2021 $ 61,061 Nine months ended March 31, 2020 Net operating revenues $ 2,605 $ - $ 2,605 Investment loss $ - $ (3,922 ) $ (3,922 ) Loss from equity method investments $ - $ (146 ) $ (146 ) Other income $ 90 $ - $ 90 Loss from continuing operations before income taxes $ (1,884 ) $ (4,252 ) $ (6,136 ) Depreciation and amortization $ 143 $ 9 $ 152 Three months ended March 31, 2021 Net operating revenues $ 6,355 $ - $ 6,355 Investment income $ - $ 15,505 $ 15,505 Loss from equity method investments $ - $ (64 ) $ (64 ) Other income $ 33 $ - $ 33 Income from continuing operations before income taxes $ 3,439 $ 15,387 $ 18,826 Depreciation and amortization $ 49 $ - $ 49 Three months ended March 31, 2020 Net operating revenues $ 914 $ - $ 914 Investment loss $ - $ (441 ) $ (441 ) Loss from equity method investments $ - $ (91 ) $ (91 ) Other income $ 29 $ - $ 29 Loss from continuing operations before income taxes $ (883 ) $ (599 ) $ (1,482 ) Depreciation and amortization $ 47 $ 3 $ 50 Net operating revenues from investment management services includes operating revenues from USGIF of $1.2 million and $3.2 million, respectively, for the three and nine months ended March 31, 2021, and $713,000 and $2.2 million, respectively, for the three and nine months ended March 31, 2020. Net operating revenues from investment management services also include operating revenues from ETF clients of $5.2 million and $11.1 million, respectively, for the three and nine months ended March 31, 2021, and $201,000 and $455,000, respectively, for the three and nine months ended March 31, 2020.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	9 Months Ended
	Mar. 31, 2021
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 March 31, 2021, the Board has authorized a monthly dividend of $0.0050 per share through June 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 March 31, 2021, the total amount of cash dividends expected to be paid to class A and class C shareholders from April to June 2021 is approximately $226,000. 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.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Mar. 31, 2021
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 novel coronavirus 19 (“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 March 31, 2021, 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 nine months ended March 31, 2021, 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 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, and has subsequently issued several amendments (collectively, “ASU 2016-13”). ASU 2016-13 adds to U.S. GAAP an impairment model (known as the current expected credit loss model) that is based on expected losses rather than incurred losses. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses. ASU 2016-13 will be effective for smaller reporting companies, including U.S. Global, for fiscal years beginning after December 15, 2022. Earlier application is permitted only for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements. 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 (“ASU 2019-04”). ASU 2019-04 clarifies areas of guidance related to the recently issued standards on credit losses (Topic 326), derivatives and hedging (Topic 815), and recognition and measurement of financial instruments (Topic 825). The standard follows the effective dates of the previously issued ASUs, unless an entity has already early adopted the previous ASUs, in which case the effective date will vary according to each specific ASU adoption. The new guidance in ASU 2019-04 on recognizing and measuring financial instruments will be effective for smaller reporting companies, including U.S. Global, for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. If an entity has adopted all of the amendments to ASU 2016-01, it is permitted to early adopt the new guidance. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 enhances and simplifies various aspects of the income tax accounting guidance. The amendments in ASU 2019-12 are effective for public business entities for fiscal years beginning after December 15, 2020, including interim periods therein. Early adoption of the standard is permitted. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2021 2020 2021 2020 Revenues Advisory fees $ - $ 235 $ - $ 50 Expenses Employee compensation and benefits - 77 - 23 General and administrative - 508 - 125 Depreciation and amortization - 6 - 1 - 591 - 149 Other Income (Loss) Investment income - 24 - 21 Other loss - (6 ) - (7 ) - 18 - 14 Loss from discontinued operations of investment management services in Canada before income taxes - (338 ) - (85 ) Tax expense (benefit) - - - - Loss from discontinued operations of investment management services in Canada - (338 ) - (85 ) Less: net loss attributable to non-controlling interest from discontinued operations - (118 ) - (30 ) Net loss attributable to U.S. Global Investors, Inc. from discontinued operations of investment management services in Canada $ - $ (220 ) $ - $ (55 )

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block Supplement [Abstract]
Unrealized Gain (Loss) on Investments [Table Text Block]	The following details the components of the Company’s equity investments recorded at fair value as of March 31, 2021, and June 30, 2020. March 31, 2021 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 2,147 $ 15,634 $ 17,781 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity 929 (75 ) 854 Mutual funds - Domestic equity - - - Total equity securities at fair value $ 9,434 $ 15,523 $ 24,957 June 30, 2020 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 5,641 $ (1,162 ) $ 4,479 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity - - - Mutual funds - Domestic equity 929 (266 ) 663 Total equity securities at fair value $ 12,928 $ (1,464 ) $ 11,464
Debt Securities, Available-for-sale and Held-to-Maturity [Table Text Block]	March 31, 2021 (dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Debt securities Available-for-sale - Corporate bonds $ 14,342 $ 2,128 $ - $ 16,470 Held-to-maturity - Corporate bonds 1,000 - - 1,000 Total debt securities $ 15,342 $ 2,128 $ - $ 17,470
Investments Classified by Contractual Maturity Date [Table Text Block]	March 31, 2021 (dollars in thousands) Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total Amortized cost $ - $ 14,342 $ 1,000 $ - $ 15,342 Fair Value $ - $ 16,470 $ 1,000 $ - $ 17,470
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following summarizes the major categories of equity investments at fair value and debt investments as of March 31, 2021, and June 30, 2020, with fair values shown according to the fair value hierarchy. The carrying values of held-to-maturity debt investments are considered to be reasonable estimates of fair values. March 31, 2021 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments in equity securities at fair value: Equities - International $ 5,133 $ 12,648 $ - $ 17,781 Equities - Domestic - - - - Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity 854 - - 854 Mutual funds - Domestic equity - - - - Investments in debt securities: Available-for-sale - Corporate bonds - 16,470 - 16,470 Held-to-maturity - Corporate bonds - 1,000 - 1,000 Total securities at fair value $ 12,309 $ 30,118 $ - $ 42,427 June 30, 2020 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments in equity securities at fair value: Equities - International $ 4,447 $ 32 $ - $ 4,479 Equities - Domestic - - - - Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity - - - - Mutual funds - Domestic equity 663 - - 663 Investments in debt securities: Available-for-sale - Corporate bonds - - - - Held-to-maturity - Corporate bonds - - - - 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: Nine Months Ended Three Months Ended March 31, March 31, (dollars in thousands) 2021 2020 2021 2020 Carrying amount, beginning of period $ 1,283 $ 1,404 $ 1,385 $ 1,488 Adjustments: Purchases 665 75 440 75 Impairments (6 ) - (6 ) - Other downward adjustments (158 ) (124 ) (35 ) (108 ) Upward adjustments 1,156 163 1,156 63 Carrying amount, end of period $ 2,940 $ 1,518 $ 2,940 $ 1,518
Gain (Loss) on Securities [Table Text Block]	The following summarizes investment income (loss) reflected in earnings from continuing operations: Nine Months Ended Three Months Ended (dollars in thousands) March 31, March 31, Investment Income (Loss) 2021 2020 2021 2020 Unrealized gains (losses) on fair valued equity securities $ 20,106 $ (3,995 ) $ 13,533 $ (342 ) Unrealized gains (losses) on equity securities without readily determinable fair values 1,025 - 1,138 (100 ) Realized gains on sales of fair valued securities 15,606 - 563 - Realized gain on sale of subsidiary - 151 - 151 Realized foreign currency gains (losses) 164 (234 ) (12 ) (234 ) Impairments in equity securities without readily determinable fair values (6 ) - (6 ) - Dividend and interest income 310 156 289 84 Total Investment Income (Loss) $ 37,205 $ (3,922 ) $ 15,505 $ (441 )

INVESTMENT MANAGEMENT AND OTH_2

INVESTMENT MANAGEMENT AND OTHER FEES (Tables)	9 Months Ended
	Mar. 31, 2021
Investment Management and Other Fees [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents operating revenues disaggregated by performance obligation: Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2021 2020 2021 2020 USGIF advisory fees $ 2,781 $ 2,413 $ 978 $ 753 USGIF performance fees earned (paid) 280 (391 ) 156 (79 ) ETF advisory fees 11,107 455 5,170 201 Total Advisory Fees 14,168 2,477 6,304 875 USGIF administrative services fees 153 128 51 39 Other Operating Revenue 444 - - - Total Operating Revenue $ 14,765 $ 2,605 $ 6,355 $ 914

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	9 Months Ended
	Mar. 31, 2021
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) March 31, 2021 June 30, 2020 Cash and cash equivalents $ 9,479 $ 1,936 Restricted cash 1,000 1,025 Total cash, cash equivalents, and restricted cash $ 10,479 $ 2,961

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Mar. 31, 2021
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: Nine Months Ending Three Months Ending March 31, March 31, (dollars in thousands) 2021 2020 2021 2020 Operating lease cost $ 40 $ 39 $ 13 $ 13 Short-term lease cost 76 76 26 26 Total lease cost $ 116 $ 115 $ 39 $ 39 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 40 $ 39 13 $ 13 Right-of-use assets obtained in exchanged for: Net operating lease liabilities $ - $ 141 - - Weighted-average remaining lease term (in years) 1.08 2.08 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 March 31, 2021, are as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the nine months ended March 31, 2021) $ 13 2022 44 Total lease payments 57 Less imputed interest (1 ) Total $ 56
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 March 31, 2021, is as follows: (dollars in thousands) Fiscal Year Operating Leases 2021 (excluding the nine months ended March 31, 2021) $ 24 2022 81 2023 34 Total lease payments $ 139

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Mar. 31, 2021
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: Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands, except per share data) 2021 2020 2021 2020 Income (Loss) from Continuing Operations $ 32,829 $ (5,962 ) $ 14,224 $ (1,557 ) Loss from Discontinued Operations - (338 ) - (85 ) Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations - (118 ) - (30 ) Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc. - (220 ) - (55 ) Net Income (Loss) Attributable to U.S. Global Investors, Inc. $ 32,829 $ (6,182 ) $ 14,224 $ (1,612 ) Weighted average number of outstanding shares Basic 15,075,064 15,127,118 15,061,818 15,121,950 Effect of dilutive securities Employee stock options 731 - 1,170 - Diluted 15,075,795 15,127,118 15,062,988 15,121,950 Earnings Per Share Attributable to U.S. Global Investors, Inc. Basic Net Income (Loss) per Share Income (loss) from continuing operations $ 2.18 $ (0.40 ) $ 0.94 $ (0.11 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 2.18 $ (0.41 ) $ 0.94 $ (0.11 ) Diluted Net Income (Loss) per Share Income (loss) from continuing operations $ 2.18 $ (0.40 ) $ 0.94 $ (0.11 ) Loss from discontinued operations $ - $ (0.01 ) $ - $ - Net income (loss) $ 2.18 $ (0.41 ) $ 0.94 $ (0.11 )

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS ) (Tables)	9 Months Ended
	Mar. 31, 2021
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: Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2021 2020 2021 2020 Beginning Balance $ (4 ) $ (206 ) $ 8 $ (205 ) Other comprehensive income, net of tax 1 1,681 - 1,681 - Foreign currency translation adjustment, net of tax 2 18 197 6 196 Ending Balance $ 1,695 $ (9 ) $ 1,695 $ (9 ) 1 2

FINANCIAL INFORMATION BY BUSI_2

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)	9 Months Ended
	Mar. 31, 2021
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 Nine months ended March 31, 2021 Net operating revenues $ 14,765 $ - $ 14,765 Investment income $ - $ 37,205 $ 37,205 Income from equity method investments $ - $ 420 $ 420 Other income $ 92 $ - $ 92 Income from continuing operations before income taxes $ 6,902 $ 35,623 $ 42,525 Depreciation and amortization $ 147 $ - $ 147 Gross identifiable assets at March 31, 2021 $ 11,530 $ 49,531 $ 61,061 Deferred tax asset $ - Consolidated total assets at March 31, 2021 $ 61,061 Nine months ended March 31, 2020 Net operating revenues $ 2,605 $ - $ 2,605 Investment loss $ - $ (3,922 ) $ (3,922 ) Loss from equity method investments $ - $ (146 ) $ (146 ) Other income $ 90 $ - $ 90 Loss from continuing operations before income taxes $ (1,884 ) $ (4,252 ) $ (6,136 ) Depreciation and amortization $ 143 $ 9 $ 152 Three months ended March 31, 2021 Net operating revenues $ 6,355 $ - $ 6,355 Investment income $ - $ 15,505 $ 15,505 Loss from equity method investments $ - $ (64 ) $ (64 ) Other income $ 33 $ - $ 33 Income from continuing operations before income taxes $ 3,439 $ 15,387 $ 18,826 Depreciation and amortization $ 49 $ - $ 49 Three months ended March 31, 2020 Net operating revenues $ 914 $ - $ 914 Investment loss $ - $ (441 ) $ (441 ) Loss from equity method investments $ - $ (91 ) $ (91 ) Other income $ 29 $ - $ 29 Loss from continuing operations before income taxes $ (883 ) $ (599 ) $ (1,482 ) Depreciation and amortization $ 47 $ 3 $ 50

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Millions	8 Months Ended
	Mar. 02, 2020	Mar. 31, 2021	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 ($)	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)
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				$ 19	$ (39)

DISCONTINUED OPERATIONS (Deta_2

DISCONTINUED OPERATIONS (Details) - Disposal Groups, Including Discontinued Operations - Discontinued Operations [Member] - Galileo [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Revenues
Revenues	$ 0	$ 50	$ 0	$ 235
Expenses
Employee compensation and benefits	0	23	0	77
General and administrative	0	125	0	508
Depreciation and amortization	0	1	0	6
	0	149	0	591
Other Income (Loss)
Investment income	0	21	0	24
Other income	0	(7)	0	(6)
	0	14	0	18
Loss from discontinued operations of investment management services in Canada before income taxes	0	(85)	0	(338)
Tax expense (benefit)	0	0	0	0
Loss from discontinued operations of investment management services in Canada	0	(85)	0	(338)
Less: net loss attributable to non-controlling interest from discontinued operations	0	(30)	0	(118)
Net loss attributable to U.S. Global Investors, Inc. from discontinued operations of investment management services in Canada	$ 0	$ (55)	$ 0	$ (220)

INVESTMENTS (Details)

INVESTMENTS (Details) $ / shares in Units, $ in Thousands, shares in Millions	Jul. 01, 2018USD ($)	Mar. 31, 2021USD ($)$ / shares	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)$ / sharesshares	Mar. 31, 2020USD ($)	Mar. 31, 2021$ / shares	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)shares	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
INVESTMENTS (Details) [Line Items]
Securities, Fair Value		$ 42,427		$ 42,427				$ 11,464
Securities, Fair Value, Cost		$ 24,800		$ 24,800
Market value of investments to Company's total assets		69.50%		69.50%
Equity Method Investments		$ 596		$ 596				158
Proceeds from Sale of Long-term Investments				22,355	$ 0
Equity Securities without Readily Determinable Fair Value, Amount		2,940	$ 1,518	2,940	1,518		$ 1,385	1,283	$ 1,488	$ 1,404
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount		6	0	6	0
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount		542		542
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount		935		935
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount		35	108	158	124
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount		1,900		1,900
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount		1,156	63	1,156	163
Income (Loss) from Equity Method Investments		(64)	(91)	420	(146)
U.S. Global Investors Funds [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		7,200		7,200				7,000
Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, Unrealized Gain (Loss)		14,700		21,100
Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value		$ 12,309		$ 12,309				$ 11,432
Percentage of Financial Assets Derived From Level 1 Inputs Measured at Fair Value		29.00%		29.00%				100.00%
Fair Value, Inputs, Level 2 [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value		$ 30,118		$ 30,118				$ 32
Percentage of Financial Assets Derived From Level 2 Inputs Measured at Fair Value		71.00%		71.00%
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Debt Securities [Member]
INVESTMENTS (Details) [Line Items]
Investment Owned, at Cost		$ 15,000		$ 15,000
Debt Instrument, Interest Rate, Stated Percentage		8.00%		8.00%
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares		$ 2.34		$ 2.34
Debt Securities, Available-for-sale, Amortized Cost		$ 14,300		$ 14,300
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Investment, Common Share Purchase Warrants (in Shares) | shares				5
Warrant, Description				Each whole warrant, expiring in January 2024, 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 (in Dollars per share) | $ / shares						$ 3
Investment Owned, Balance, Shares (in Shares) | shares								10
Equity Securities, FV-NI, Cost							$ 2,400
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
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Debentures [Member] | Fair Value, Inputs, Level 2 [Member] | Debt Securities [Member]
INVESTMENTS (Details) [Line Items]
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value		16,500		16,500
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Common Share Purchase Warrants [Member] | Fair Value, Inputs, Level 2 [Member] | Debt Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		12,600		12,600
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		$ 4,400		$ 4,400				$ 1,200
GoldSpot Discoveries, Inc. [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		542		542				$ 806
Equity Securities, FV-NI, Cost		514		514
Equity Securities, FV-NI, Realized Gain		$ 538		$ 570
Investment Owned, Direct Percentage		1.80%		1.80%				7.30%
GoldSpot Discoveries, Inc. [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI		$ 542		$ 542				$ 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		596		$ 596				$ 158
Equity Method Investment, Ownership Percentage				22.20%
Income (Loss) from Equity Method Investments		$ (64)	$ (91)	$ 420	$ (146)

INVESTMENTS (Details) - Compone

INVESTMENTS (Details) - Components of Company's Equity Securities Measured at Fair Value - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Equity - International [Member]
Equity securities at fair value
Securities, Cost	$ 2,147	$ 5,641
Securities, Unrealized Gains (Losses)	15,634	(1,162)
Securities, Fair Value	17,781	4,479
Equity- Domestic [Member]
Equity securities at fair value
Securities, Cost	45	45
Securities, Unrealized Gains (Losses)	(45)	(45)
Securities, Fair Value	0	0
Fixed Income Securities [Member]
Equity securities at fair value
Securities, Cost	6,313	6,313
Securities, Unrealized Gains (Losses)	9	9
Securities, Fair Value	6,322	6,322
Mutual Funds, Global Equity [Member]
Equity securities at fair value
Securities, Cost	929	0
Securities, Unrealized Gains (Losses)	(75)	0
Securities, Fair Value	854	0
Mutual Funds, Domestic Equity [Member]
Equity securities at fair value
Securities, Cost	0	929
Securities, Unrealized Gains (Losses)	0	(266)
Securities, Fair Value	0	663
Equity Securities [Member]
Equity securities at fair value
Securities, Cost	9,434	12,928
Securities, Unrealized Gains (Losses)	15,523	(1,464)
Securities, Fair Value	$ 24,957	$ 11,464

INVESTMENTS (Details) - Debt Se

INVESTMENTS (Details) - Debt Securities, Available-for-sale and Held-to-Maturity $ in Thousands	9 Months Ended
	Mar. 31, 2021USD ($)
Debt securities
Amortized Cost	$ 15,342
Unrealized Gains	2,128
Unrealized Losses	0
Fair Value	17,470
Corporate Debt Securities [Member] | Available-for-sale Securities [Member]
Debt securities
Amortized Cost, Available-for-sale	14,342
Unrealized Gains, Available-for-sale	2,128
Unrealized Losses, Available-for-sale	0
Fair Value, Available-for-sale	16,470
Corporate Debt Securities [Member] | Held-to-maturity Securities [Member]
Debt securities
Amortized Cost, Held-to-maturity	1,000
Unrealized Gains, Held-to-maturity	0
Unrealized Losses, Held-to-maturity	0
Fair Value, Held-to-maturity	$ 1,000

INVESTMENTS (Details) - Investm

INVESTMENTS (Details) - Investments Classified by Contractual Maturity Date $ in Thousands	Mar. 31, 2021USD ($)
Investments Classified by Contractual Maturity Date [Abstract]
Amortized Cost, Due in one year or less	$ 0
Amortized cost, Due after one year through five years	14,342
Amortized cost, Due after five years through ten years	1,000
Amortized cost, Due after ten years	0
Amortized cost, Total	15,342
Fair Value, Due in one year or less	0
Fair Value, Due after one year through five years	16,470
Fair Value, Due after five years through ten years	1,000
Fair Value, Due after ten years	0
Fair Value, Total	$ 17,470

INVESTMENTS (Details) - Fair Va

INVESTMENTS (Details) - Fair Value, Assets Measured on Recurring Basis - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Investments in debt securities:
Total securities fair value	$ 42,427	$ 11,464
Equity Securities - International [Member]
Investments in equity securities at fair value:
Total securities fair value	17,781	4,479
Equity Securities - Domestic [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fixed Income Securities [Member]
Investments in equity securities at fair value:
Total securities fair value	6,322	6,322
Mutual Funds, Global Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	854	0
Mutual Funds, Domestic Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	0	663
Corporate Debt Securities [Member] | Available-for-sale Securities [Member]
Investments in debt securities:
Total securities fair value, Available-for-sale	16,470	0
Corporate Debt Securities [Member] | Held-to-maturity Securities [Member]
Investments in debt securities:
Total securities fair value, Held-to-maturity	1,000	0
Fair Value, Inputs, Level 1 [Member]
Investments in debt securities:
Total securities fair value	12,309	11,432
Fair Value, Inputs, Level 1 [Member] | Equity Securities - International [Member]
Investments in equity securities at fair value:
Total securities fair value	5,133	4,447
Fair Value, Inputs, Level 1 [Member] | Equity Securities - Domestic [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities [Member]
Investments in equity securities at fair value:
Total securities fair value	6,322	6,322
Fair Value, Inputs, Level 1 [Member] | Mutual Funds, Global Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	854	0
Fair Value, Inputs, Level 1 [Member] | Mutual Funds, Domestic Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	0	663
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Available-for-sale Securities [Member]
Investments in debt securities:
Total securities fair value, Available-for-sale	0	0
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Held-to-maturity Securities [Member]
Investments in debt securities:
Total securities fair value, Held-to-maturity	0	0
Fair Value, Inputs, Level 2 [Member]
Investments in debt securities:
Total securities fair value	30,118	32
Fair Value, Inputs, Level 2 [Member] | Equity Securities - International [Member]
Investments in equity securities at fair value:
Total securities fair value	12,648	32
Fair Value, Inputs, Level 2 [Member] | Equity Securities - Domestic [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Fixed Income Securities [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds, Global Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds, Domestic Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Available-for-sale Securities [Member]
Investments in debt securities:
Total securities fair value, Available-for-sale	16,470	0
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Held-to-maturity Securities [Member]
Investments in debt securities:
Total securities fair value, Held-to-maturity	1,000	0
Fair Value, Inputs, Level 3 [Member]
Investments in debt securities:
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Equity Securities - International [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Equity Securities - Domestic [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Fixed Income Securities [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds, Global Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds, Domestic Equity [Member]
Investments in equity securities at fair value:
Total securities fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | Available-for-sale Securities [Member]
Investments in debt securities:
Total securities fair value, Available-for-sale	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | Held-to-maturity Securities [Member]
Investments in debt securities:
Total securities fair value, Held-to-maturity	$ 0	$ 0

INVESTMENTS (Details) - Equity

INVESTMENTS (Details) - Equity Securities without Readily Determinable Fair Value - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Equity Securities without Readily Determinable Fair Value [Abstract]
Carrying amount, beginning of period	$ 1,385	$ 1,488	$ 1,283	$ 1,404
Adjustments:
Purchases	440	75	665	75
Impairments	(6)	0	(6)	0
Other downward adjustments	(35)	(108)	(158)	(124)
Upward adjustments	1,156	63	1,156	163
Carrying amount, end of period	$ 2,940	$ 1,518	$ 2,940	$ 1,518

INVESTMENTS (Details) - Inves_2

INVESTMENTS (Details) - Investment Income (Loss) Reflected in Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Investment Income (Loss) Reflected in Earnings [Abstract]
Unrealized gains (losses) on fair valued equity securities	$ 13,533	$ (342)	$ 20,106	$ (3,995)
Unrealized gains (losses) on equity securities without readily determinable fair values	1,138	(100)	1,025	0
Realized gains on sales of fair valued securities	563	0	15,606	0
Realized gain on sale of subsidiary	0	151	0	151
Realized foreign currency gains (losses)	(12)	(234)	164	(234)
Impairments in equity securities without readily determinable fair values	(6)	0	(6)	0
Dividend and interest income	289	84	310	156
Total Investment Income (Loss)	$ 15,505	$ (441)	$ 37,205	$ (3,922)

INVESTMENT MANAGEMENT AND OTH_3

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Aggregate Fees Waived and Expenses Borne	$ 153	$ 141	$ 554	$ 407
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	$ 2,500		$ 2,500		$ 869
Fund Clients [Member] | U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	400		400		187
Fund Clients [Member] | U.S. Global ETFs [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 2,100		$ 2,100		$ 682

INVESTMENT MANAGEMENT AND OTH_4

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - Disaggregation of Revenue - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Other Operating Revenue	$ 0	$ 0	$ 444	$ 0
Total Operating Revenue	6,355	914	14,765	2,605
Investment Management Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,304	875	14,168	2,477
Administrative Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	51	39	153	128
U.S. Global Investors Funds [Member] | Administrative Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	51	39	153	128
U.S. Global Investors Funds [Member] | Investment and Advisory Services [Member] | Base Advisory Fee [Member[
Disaggregation of Revenue [Line Items]
Revenues	978	753	2,781	2,413
U.S. Global Investors Funds [Member] | Investment and Advisory Services [Member] | Investment Performance [Member]
Disaggregation of Revenue [Line Items]
Revenues	156	(79)	280	(391)
U.S. Global ETFs [Member] | Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 5,170	$ 201	$ 11,107	$ 455

RESTRICTED CASH (Details) - Res

RESTRICTED CASH (Details) - Restrictions on Cash and Cash Equivalents - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019
Restrictions on Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 9,479	$ 1,936
Restricted cash	1,000	1,025
Total cash, cash equivalents, and restricted cash	$ 10,479	$ 2,961	$ 3,111	$ 2,491

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	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	$ 23	$ 69	$ 64
Lessor Contracts, Asset	5		$ 5		$ 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	$ 39	39	$ 116	115
Discontinued Operations [Member]
LEASES (Details) [Line Items]
Lease expenses		$ 14		$ 74

LEASES (Details) - Lease, Cost

LEASES (Details) - Lease, Cost - Continuing Operations [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 13	$ 13	$ 40	$ 39
Short-term lease cost	26	26	76	76
Total lease cost	39	39	116	115
Operating cash flows from operating leases	13	13	40	39
Net operating lease liabilities	$ 0	$ 0	$ 0	$ 141
Weighted-average remaining lease term (in years)	1 year 29 days	2 years 29 days	1 year 29 days	2 years 29 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	Mar. 31, 2021USD ($)
Schedule of Future Minimum Rental Payments for Operating Leases [Abstract]
2021 (excluding the nine months ended March 31, 2021)	$ 13
2022	44
Total lease payments	57
Less imputed interest	(1)
Total	$ 56

LEASES (Details) - Lessor, Oper

LEASES (Details) - Lessor, Operating Lease, Payments to be Received, Maturity $ in Thousands	Mar. 31, 2021USD ($)
Lessor, Operating Lease, Payments to be Received, Maturity [Abstract]
2021 (excluding the nine months ended March 31, 2021)	$ 24
2022	81
2023	34
Total lease payments	$ 139

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands	Apr. 12, 2020USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)
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 March 31, 2021, 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		$ 0	$ 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	2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Jan. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
STOCKHOLDERS' EQUITY (Details) [Line Items]
Repurchasing Amount (in Dollars)					$ 189	$ 74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	2,000	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			$ 2.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		0	0		0	0
Number of options granted		0	0		0	0
Number of options, options forfeited		0	0		0	2,000
Share-based Payment Arrangement, Noncash Expense (in Dollars)		$ 0	$ 0		$ 0	$ 0
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount (in Dollars)	$ 0	0	$ 0		0	$ 0
Monthly Dividends Paid [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)	$ 0.0050			$ 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			$ 2,750
Common Class A [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Number of shares repurchased		19,900	69,420		35,996	72,820
Repurchasing Amount (in Dollars)		$ 127	$ 68		$ 189	$ 74

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
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		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Income (Loss) from Continuing Operations (in Dollars)	$ 14,224	$ (1,557)	$ 32,829	$ (5,962)
Loss from Discontinued Operations (in Dollars)	0	(85)	0	(338)
Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations (in Dollars)	0	(30)	0	(118)
Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc. (in Dollars)	0	(55)	0	(220)
Net Income (Loss) Attributable to U.S. Global Investors, Inc. (in Dollars)	$ 14,224	$ (1,612)	$ 32,829	$ (6,182)
Weighted average number of outstanding shares
Basic (in Shares)	15,061,818	15,121,950	15,075,064	15,127,118
Employee stock options (in Shares)	1,170	0	731	0
Diluted (in Shares)	15,062,988	15,121,950	15,075,795	15,127,118
Basic Net Income (Loss) per Share
Income (loss) from continuing operations	$ 0.94	$ (0.11)	$ 2.18	$ (0.40)
Loss from discontinued operations	0	0	0	(0.01)
Net income (loss)	0.94	(0.11)	2.18	(0.41)
Diluted Net Income (Loss) per Share
Income (loss) from continuing operations	0.94	(0.11)	2.18	(0.40)
Loss from discontinued operations	0	0	0	(0.01)
Net income (loss)	$ 0.94	$ (0.11)	$ 2.18	$ (0.41)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
INCOME TAXES (Details) [Line Items]
Valuation allowance	$ 0	$ 2,800
Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover	0
CANADA | Foreign Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover	0
Capital Loss Carryforward [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	560
Capital Loss Carryforward [Member] | Expiring in Fiscal Year 2023 [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	348
Capital Loss Carryforward [Member] | Expiring in Fiscal Year 2022 [Member] | Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	212
Capital Loss Carryforward [Member] | CANADA | Foreign Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	0
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) $ in Thousands	Mar. 31, 2021USD ($)
Stockholders' Equity Note [Abstract]
AOCI Tax, Attributable to Parent	$ 447

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS ) (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated other comprehensive income (loss), net of tax, balance		$ 8	$ (205)	$ (4)	$ (206)
Other comprehensive income, net of tax	[1]	1,681	0	1,681	0
Foreign currency translation adjustment, net of tax	[2]	6	196	18	197
Accumulated other comprehensive income (loss), net of tax, balance		$ 1,695	$ (9)	$ 1,695	$ (9)
[1]	Amounts include tax expense of $447 for both year-to-date and quarter-ending March 31, 2021.
[2]	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		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
U.S. Global Investors Funds [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	$ 1,200	$ 713	$ 3,200	$ 2,200
U.S. Global ETFs [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	$ 5,200	$ 201	$ 11,100	$ 455

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		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Segment Reporting Information [Line Items]
Net operating revenues	$ 6,355	$ 914	$ 14,765	$ 2,605
Investment income (loss)	15,505	(441)	37,205	(3,922)
Income (loss) from equity method investments	(64)	(91)	420	(146)
Other income	33	29	92	90
Income (Loss) from continuing operations before income taxes	18,826	(1,482)	42,525	(6,136)
Depreciation and amortization	49	50	147	152
Gross identifiable assets	61,061		61,061
Deferred tax asset	0		0
Consolidated total assets	61,061		61,061		$ 18,816
Investment Management Services [Member]
Segment Reporting Information [Line Items]
Net operating revenues	6,355	914	14,765	2,605
Investment income (loss)	0	0	0	0
Income (loss) from equity method investments	0	0	0	0
Other income	33	29	92	90
Income (Loss) from continuing operations before income taxes	3,439	(883)	6,902	(1,884)
Depreciation and amortization	49	47	147	143
Gross identifiable assets	11,530		11,530
Corporate Investments [Member]
Segment Reporting Information [Line Items]
Net operating revenues	0	0	0	0
Investment income (loss)	15,505	(441)	37,205	(3,922)
Income (loss) from equity method investments	(64)	(91)	420	(146)
Other income	0	0	0	0
Income (Loss) from continuing operations before income taxes	15,387	(599)	35,623	(4,252)
Depreciation and amortization	0	$ 3	0	$ 9
Gross identifiable assets	$ 49,531		$ 49,531

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Details) - Forecast [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)$ / shares
Monthly Dividend Authorized [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Monthly Dividend Declared | $ / shares	$ 0.0050
Class A and C [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Amount of cash dividends to be paid to class A and C shareholders | $	$ 226