U.S. Global Investors (GROW) 10-Q 17 Feb 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2021	Feb. 04, 2022
Document Information Line Items
Entity Registrant Name	U.S. GLOBAL INVESTORS, INC.
Trading Symbol	GROW
Document Type	10-Q
Current Fiscal Year End Date	--06-30
Amendment Flag	false
Entity Central Index Key	0000754811
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	0-13928
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	74-1598370
Entity Address, Address Line One	7900 Callaghan Road
Entity Address, City or Town	San Antonio
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78229
City Area Code	210
Local Phone Number	308-1234
Title of 12(b) Security	Class A common stock, $0.025 par value per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Common Class A [Member]
Document Information Line Items
Entity Common Stock, Shares Outstanding		12,946,651
Common Class B [Member]
Document Information Line Items
Entity Common Stock, Shares Outstanding		0
Common Class C [Member]
Document Information Line Items
Entity Common Stock, Shares Outstanding		2,068,635

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Current Assets
Cash and cash equivalents	$ 23,179	$ 14,436
Restricted cash	1,000	1,000
Investments in securities at fair value	6,291	6,322
Accounts and other receivables	2,249	2,534
Tax receivable	111	2,147
Prepaid expenses	462	350
Total Current Assets	33,292	26,789
Net Property and Equipment	1,477	1,376
Other Assets
Investments in equity securities at fair value, non-current	9,190	11,936
Investments in available-for-sale debt securities at fair value	14,971	17,049
Investments in held-to-maturity debt securities	1,000	1,000
Other investments	3,551	3,453
Equity method investments	489	532
Right of use assets	17	43
Other assets, non-current	204	99
Total Other Assets	29,422	34,112
Total Assets	64,191	62,277
Current Liabilities
Accounts payable	4	102
Accrued compensation and related costs	1,575	1,561
Dividends payable	338	226
Lease liability, short-term	17	43
Other accrued expenses	1,389	1,345
Taxes payable	107	1,877
Total Current Liabilities	3,430	5,154
Long-Term Liabilities
Deferred tax liability	1,732	2,799
Total Long-Term Liabilities	1,732	2,799
Total Liabilities	5,162	7,953
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Additional paid-in-capital	16,425	15,677
Treasury stock, class A shares at cost; 918,287 shares and 898,953 shares at December 31, 2021, and June 30, 2021, respectively	(2,297)	(2,172)
Accumulated comprehensive income, net of tax	5,365	6,587
Retained earnings	39,137	33,833
Total Shareholders’ Equity	59,029	54,324
Total Liabilities and Shareholders’ Equity	64,191	62,277
Common Class A [Member]
Shareholders’ Equity
Common stock, value	347	347
Common Class B [Member]
Shareholders’ Equity
Common stock, value	0	0
Common Class C [Member]
Shareholders’ Equity
Common stock, value	$ 52	$ 52

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2021	Jun. 30, 2021
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
Common stock, shares outstanding	12,948,626	12,967,960
Treasury stock, class A shares at cost; shares	918,287	898,953
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
Common stock, shares outstanding	2,068,635	2,068,635

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Operating Revenues
Revenues	$ 6,574	$ 4,721	$ 13,095	$ 7,966
Operating Expenses
Employee compensation and benefits	1,730	3,238	3,654	4,200
General and administrative	1,766	1,292	3,364	2,538
Advertising	83	67	167	118
Depreciation and amortization	56	49	104	98
	3,635	4,646	7,289	6,954
Operating Income	2,939	75	5,806	1,012
Other Income (Loss)
Investment income	1,579	20,702	1,545	21,700
Income (loss) from equity method investments	(48)	463	(33)	484
Gain on forgiveness of PPP loan	0	444	0	444
Other income	59	41	115	59
	1,590	21,650	1,627	22,687
Income Before Income Taxes	4,529	21,725	7,433	23,699
Provision for Income Taxes
Tax expense	939	5,064	1,453	5,094
Net Income	$ 3,590	$ 16,661	$ 5,980	$ 18,605
Net income (loss) (in Dollars per share)	$ 0.24	$ 1.1	$ 0.4	$ 1.23
Net income (loss) (in Dollars per share)	$ 0.24	$ 1.1	$ 0.4	$ 1.23
Basic weighted average number of common shares outstanding (in Shares)	15,021,792	15,082,539	15,025,953	15,081,544
Diluted weighted average number of common shares outstanding (in Shares)	15,022,814	15,082,943	15,027,007	15,081,849
Investment Advisory Services [Member]
Operating Revenues
Revenues	$ 6,525	$ 4,669	$ 12,995	$ 7,864
Administrative Service [Member]
Operating Revenues
Revenues	$ 49	$ 52	$ 100	$ 102

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS ) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income	$ 3,590	$ 16,661	$ 5,980	$ 18,605
Other Comprehensive Income (Loss), Net of Tax:
Unrealized losses on available-for-sale securities arising during period	(140)	0	(287)	0
Less: reclassification adjustment for gains included in net income	(449)	0	(925)	0
Net change from available-for-sale securities, net of tax	(589)	0	(1,212)	0
Foreign currency translation adjustment	2	8	(10)	12
Other Comprehensive Income (Loss)	(587)	8	(1,222)	12
Comprehensive Income	$ 3,003	$ 16,669	$ 4,758	$ 18,617

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Class A [Member]Common Stock [Member]	Common Class A [Member]Treasury Stock [Member]	Common Class A [Member]	Common Class C [Member]Common Stock [Member]	Common Class C [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Jun. 30, 2020	$ 347	$ (1,879)		$ 52		$ 15,623	$ (4)	$ 2,625	$ 16,764
Balance (in Shares) at Jun. 30, 2020	13,866,913	855,432		2,068,635
Purchases of shares of Common Stock (class A)		$ (2)							(2)
Purchases of shares of Common Stock (class A) (in Shares)		1,000
Issuance of stock under ESPP shares of Common Stock (class A)		$ 1							1
Issuance of stock under ESPP shares of Common Stock (class A) (in Shares)		(267)
Share-based compensation, net of tax		$ 1				1			2
Share-based compensation, net of tax (in Shares)		(900)
Dividends declared								(113)	(113)
Other comprehensive income (loss), net of tax							4		4
Net income								1,944	1,944
Balance at Sep. 30, 2020	$ 347	$ (1,879)		$ 52		15,624		4,456	18,600
Balance (in Shares) at Sep. 30, 2020	13,866,913	855,265		2,068,635
Balance at Jun. 30, 2020	$ 347	$ (1,879)		$ 52		15,623	(4)	2,625	16,764
Balance (in Shares) at Jun. 30, 2020	13,866,913	855,432		2,068,635
Purchases of shares of Common Stock (class A) (in Shares)		16,096
Other comprehensive income (loss), net of tax									12
Net income									18,605
Balance at Dec. 31, 2020	$ 347	$ (1,925)		$ 52		15,627	8	21,003	35,112
Balance (in Shares) at Dec. 31, 2020	13,866,913	863,653		2,068,635
Balance at Sep. 30, 2020	$ 347	$ (1,879)		$ 52		15,624		4,456	18,600
Balance (in Shares) at Sep. 30, 2020	13,866,913	855,265		2,068,635
Purchases of shares of Common Stock (class A)		$ (60)							(60)
Purchases of shares of Common Stock (class A) (in Shares)		15,096
Issuance of stock under ESPP shares of Common Stock (class A)						1			1
Issuance of stock under ESPP shares of Common Stock (class A) (in Shares)		(308)
Share-based compensation, net of tax		$ 14				2			16
Share-based compensation, net of tax (in Shares)		(6,400)
Dividends declared								(114)	(114)
Other comprehensive income (loss), net of tax							8		8
Net income								16,661	16,661
Balance at Dec. 31, 2020	$ 347	$ (1,925)		$ 52		15,627	8	21,003	35,112
Balance (in Shares) at Dec. 31, 2020	13,866,913	863,653		2,068,635
Balance at Jun. 30, 2021	$ 347	$ (2,172)		$ 52		15,677	6,587	33,833	54,324
Balance (in Shares) at Jun. 30, 2021	13,866,913	898,953	13,866,913	2,068,635	2,068,635
Purchases of shares of Common Stock (class A)		$ (82)							(82)
Purchases of shares of Common Stock (class A) (in Shares)		13,647
Issuance of stock under ESPP shares of Common Stock (class A)		$ 6				8			14
Issuance of stock under ESPP shares of Common Stock (class A) (in Shares)		(2,228)
Share-based compensation, net of tax						388			388
Dividends declared								(338)	(338)
Other comprehensive income (loss), net of tax							(635)		(635)
Net income								2,390	2,390
Balance at Sep. 30, 2021	$ 347	$ (2,248)		$ 52		16,073	5,952	35,885	56,061
Balance (in Shares) at Sep. 30, 2021	13,866,913	910,372		2,068,635
Balance at Jun. 30, 2021	$ 347	$ (2,172)		$ 52		15,677	6,587	33,833	54,324
Balance (in Shares) at Jun. 30, 2021	13,866,913	898,953	13,866,913	2,068,635	2,068,635
Purchases of shares of Common Stock (class A) (in Shares)		24,104
Other comprehensive income (loss), net of tax									(1,222)
Net income									5,980
Balance at Dec. 31, 2021	$ 347	$ (2,297)		$ 52		16,425	5,365	39,137	59,029
Balance (in Shares) at Dec. 31, 2021	13,866,913	918,287	13,866,913	2,068,635	2,068,635
Balance at Sep. 30, 2021	$ 347	$ (2,248)		$ 52		16,073	5,952	35,885	56,061
Balance (in Shares) at Sep. 30, 2021	13,866,913	910,372		2,068,635
Purchases of shares of Common Stock (class A)		$ (54)							(54)
Purchases of shares of Common Stock (class A) (in Shares)		10,457
Issuance of stock under ESPP shares of Common Stock (class A)		$ 5				7			12
Issuance of stock under ESPP shares of Common Stock (class A) (in Shares)		(2,542)
Share-based compensation, net of tax						345			345
Dividends declared								(338)	(338)
Other comprehensive income (loss), net of tax							(587)		(587)
Net income								3,590	3,590
Balance at Dec. 31, 2021	$ 347	$ (2,297)		$ 52		$ 16,425	$ 5,365	$ 39,137	$ 59,029
Balance (in Shares) at Dec. 31, 2021	13,866,913	918,287	13,866,913	2,068,635	2,068,635

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities:
Net income	$ 5,980	$ 18,605
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion	(241)	98
Net recognized loss on disposal of fixed assets	0	7
Net realized gains on securities	(3,023)	(15,043)
Unrealized (gains) losses on securities	2,462	(6,460)
Net (income) loss from equity method investment	33	(484)
Provision for deferred taxes	(745)	988
Stock bonuses	0	18
Stock-based compensation expense	733	0
PPP loan forgiveness	0	(444)
Changes in operating assets and liabilities:
Accounts and other receivables	2,321	(1,099)
Prepaid expenses and other assets	(191)	(93)
Accounts payable and accrued expenses	(1,836)	4,503
Total adjustments	(487)	(18,009)
Net cash provided by operating activities	5,493	596
Cash Flows from Investing Activities:
Purchase of property and equipment	(206)	(23)
Purchase of other investments	(98)	(224)
Purchase of held-to-maturity debt securities	0	(1,000)
Proceeds from principal paydowns of available-for-sale debt securities at fair value	1,500	0
Return of capital on other investments	0	10
Net cash provided by investing activities	3,923	19,348
Cash Flows from Financing Activities:
Issuance of common stock	26	2
Repurchases of common stock	(136)	(62)
Dividends paid	(563)	(226)
Net cash used in financing activities	(673)	(286)
Net increase in cash, cash equivalents, and restricted cash	8,743	19,658
Beginning cash, cash equivalents, and restricted cash	15,436	2,961
Ending cash, cash equivalents, and restricted cash	24,179	22,619
Supplemental Disclosures of Non-Cash Investing Activities
Dividends declared but not paid	338	113
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	1,926	2
Equity securities at fair value noncurrent [Member]
Cash Flows from Investing Activities:
Purchase of equity securities at fair value, non-current	(123)	(135)
Proceeds on sale of equity securities at fair value, non-current	$ 2,850	$ 20,720

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Dec. 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, 2021. 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. 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 2 and 3. In the ordinary course of business, the Company may choose to waive certain fees or assume operating expenses of the funds it advises for competitive, regulatory or contractual reasons (see Note 3 for information regarding fee waivers). The Company has not provided financial support to any of these entities outside the ordinary course of business. The Company’s risk of loss with respect to these VIEs is limited to the carrying value of its investments in, and fees receivable from, the entities. The Company does not consolidate these VIEs because it is not the primary beneficiary. The Company’s total exposure to unconsolidated VIEs, consisting of the carrying value of investment securities and receivables for fees, was $7.2 million at December 31, 2021, and $7.3 million at June 30, 2021. 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, 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 2. All significant intercompany balances and transactions have been eliminated in consolidation. Certain amounts have been reclassified for comparative purposes. Certain quarterly amounts may not add to the year-to-date amount due to rounding. The results of operations for the six months ended December 31, 2021, are not necessarily indicative of the results the Company may expect for the fiscal year ending June 30, 2022 (“fiscal 2022”), 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; interim disclosures generally do not repeat those in the annual statements. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes

INVESTMENTS

INVESTMENTS	6 Months Ended
	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
Investments and Other Noncurrent Assets [Text Block]	NOTE 2. INVESTMENTS As of December 31, 2021, the Company held investments carried at fair value on a recurring basis of $30.5 million and a cost basis of $22.2 million. The fair value of these investments is approximately 47.4 percent of the Company’s total assets at December 31, 2021. In addition, the Company held other investments of approximately $3.6 million, held-to-maturity debt investments of $1.0 million and investments of $489,000 accounted for under the equity method of accounting. The cost basis of investments is adjusted for amortization of premium or accretion of discount on debt securities held or the recharacterization of distributions from investments in partnerships. Fair Value Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The valuation techniques described below maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. The inputs used for measuring financial instruments at fair value are summarized in the three broad levels listed below: Level 1 – Inputs represent unadjusted quoted prices for identical assets exchanged in active markets. Level 2 – Inputs include directly or indirectly observable inputs (other than Level 1 inputs) such as quoted prices for similar assets exchanged in active or inactive markets; quoted prices for identical assets exchanged in inactive markets; other inputs that may be considered in fair value determinations of the assets, such as interest rates and yield curves; and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 – Inputs include unobservable inputs used in the measurement of assets. The Company is required to use its own assumptions regarding unobservable inputs because there is little, if any, market activity in the assets and it may be unable to corroborate the related observable inputs. Unobservable inputs require management to make certain projections and assumptions about the information that would be used by market participants in valuing assets. 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. The Company has established a Proprietary Valuation Committee (the “Committee”) to administer and oversee the Company’s valuation policies and procedures, which are approved by the Board of Directors, and to perform a periodic review of valuations provided by independent pricing services. 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, the risk-free interest rate, and historical 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, or change the expected volatility. The effects of changing any of the assumptions or factors employed by the Black-Scholes model may result in a significantly different valuation. Certain convertible debt securities not traded on an exchange are valued by an independent pricing service using a binomial lattice model based on factors such as yield, quality, maturity, coupon rate, type of issuance, individual trading characteristics of the underlying common shares and other market data. The model utilizes a number of assumptions in arriving at its results. The effects of changing any of the assumptions or factors utilized in the binomial lattice model, including expected volatility, credit adjusted discount rates, and discounts for lack of marketability, may result in a significantly different valuation for the securities. For other securities included in the fair value hierarchy with unobservable inputs, the Committee 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 Committee 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 Committee. The following summarizes the major categories of investments with fair values adjusted on a recurring basis as of December 31, 2021, and June 30, 2021, and other investments with fair values adjusted on a nonrecurring basis, with fair values shown according to the fair value hierarchy. There were no fair values adjusted on a nonrecurring basis during the six months ended December 31, 2021. December 31, 2021 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments carried at fair value on a recurring basis: Investments in equity securities: Equities - International $ 993 $ - $ 7,316 $ 8,309 Mutual funds - Fixed income 6,291 - - 6,291 Mutual funds - Global equity 881 - - 881 Total investments in equity securities: $ 8,165 $ - $ 7,316 $ 15,481 Investments in debt securities: Available-for-sale - Convertible debentures - - 14,971 14,971 Total investments carried at fair value on a recurring basis: $ 8,165 $ - $ 22,287 $ 30,452 June 30, 2021 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments carried at fair value on a recurring basis: Investments in equity securities: Equities - International $ 2,837 $ 135 $ 8,026 $ 10,998 Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity 938 - - 938 Total investments in equity securities: $ 10,097 $ 135 $ 8,026 $ 18,258 Investments in debt securities: Available-for-sale - Convertible debentures - - 17,049 17,049 Total investments carried at fair value on a recurring basis: $ 10,097 $ 135 $ 25,075 $ 35,307 Investments carried at fair value on a nonrecurring basis: Other investments 1 $ - $ - $ 2,554 $ 2,554 1. Other investments include equity securities without readily determinable fair values that were adjusted as a result of the measurement alternative on dates during the fiscal year ended June 30, 2021. These securities are classified as level 3 due to the infrequency of the observable price changes and/or restrictions on the shares. A significant portion of the securities recorded at fair value on a recurring basis in the above tables is in investments in HIVE Blockchain Technologies Ltd. (“HIVE”), which were warrants and convertible debentures valued at $22.3 million and classified as Level 3 at December 31, 2021, and valued at $25.1 million and classified as Level 3 at June 30, 2021. The following table is a reconciliation of investments recorded at fair value for which unobservable inputs (Level 3) were used in determining fair value during the six months ended December 31, 2021. Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis Six Months Ended December 31, 2021 (dollars in thousands) Investments in equity securities Investments in debt securities Beginning Balance $ 8,026 $ 17,049 Principal repayments - (1,500 ) Amortization of Premium - (177 ) Accretion of Discount - 521 Total gains (losses) included in: Investment Income (710 ) 612 Other Comprehensive Income (Loss) - (1,534 ) Ending Balance $ 7,316 $ 14,971 During the third quarter of fiscal year 2021, the Company purchased convertible securities of 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 was $12.1 million as of December 31, 2021, and $14.3 million as of June 30, 2021. Each whole warrant, expiring in January 2024, entitles the Company to acquire one common share at a price of $3.00 (Canadian). 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 December 31, 2021, or June 30, 2021. The securities are subject to Canadian securities regulations. Frank Holmes serves on the board as non-executive chairman of HIVE and held shares and options at December 31, 2021. Effective August 31, 2018, Mr. Holmes was named Interim Executive Chairman of HIVE. The Company recorded the warrants at the estimated fair value of $5.9 million on purchase date. The debentures were recorded at the estimated fair value of $16.0 million on purchase date, and an unrealized gain of $6.9 million was recognized in other comprehensive income (loss), which will be realized in investment income (loss) ratably using the effective interest method until maturity, conversion, or other disposition. During the three and six months ended December 31, 2021, $569,000 and $1.2 million was realized in investment income (loss), and $4.5 million remains in accumulated other comprehensive income at December 31, 2021. The fair value of the warrants and debentures was $7.3 million and $15.0 million, respectively, at December 31, 2021, and $8.0 million and $17.0 million, respectively, at June 30, 2021. The Company currently considers the related fair value measurements to contain Level 3 inputs. The following is quantitative information as of December 31, 2021, with respect to the securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3): December 31, 2021 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in equity securities: Common share purchase warrants $ 7,316 Option pricing model Volatility 97.2 % Investments in debt securities: Available-for-sale - Convertible debentures $ 14,971 Binomial lattice model Volatility 64.0 % Credit Adjusted Discount Rate 2.2 % The Company had an investment in Thunderbird Entertainment Group Inc. (“Thunderbird”), a company headquartered and traded in Canada, which was valued at approximately $2.7 million at June 30, 2021, and classified as Level 1 in the fair value hierarchy. During the three and six months ended December 31, 2021, the Company realized gains on sales of this investment in the amount of $43,000 and $1.9 million, respectively. The Company did not have ownership of Thunderbird as of December 31, 2021. Frank Holmes served on the board of this company as a director from June 2014 to March 2021. Equity Investments at Fair Value 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. The following details the components of the Company’s equity investments carried at fair value as of December 31, 2021, and June 30, 2021. December 31, 2021 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,201 $ 2,108 $ 8,309 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 (22 ) 6,291 Mutual funds - Global equity 929 (48 ) 881 Total equity securities at fair value $ 13,488 $ 1,993 $ 15,481 June 30, 2021 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 7,076 $ 3,922 $ 10,998 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity 929 9 938 Total equity securities at fair value $ 14,363 $ 3,895 $ 18,258 Included in the above table was $7.2 million and $7.3 million as of December 31, 2021, and June 30, 2021, respectively, at fair value invested in USGIF. Debt Investments 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, reflecting the ability and intent to hold the securities to maturity. Debt 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 on available-for-sale debt securities are reported net of tax in accumulated other comprehensive income (loss). For debt 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. The portion of unrealized loss the Company believes is related to a credit loss is recognized earnings, and the portion of unrealized loss the Company believes is not related to a credit loss is recognized in other comprehensive income. The following details the components of the Company’s available-for-sale debt investments as of December 31, 2021, and June 30, 2021. December 31, 2021 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Losses in Earnings Fair Value Available-for-sale - Convertible debentures 1 $ 8,755 $ 6,775 $ (559 ) $ 14,971 June 30, 2021 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Losses in Earnings Fair Value Available-for-sale - Convertible debentures 1 $ 8,741 $ 8,308 $ - $ 17,049 1. Changes in unrealized gains and losses are included in the statement of comprehensive income (loss), except for embedded derivatives. Changes in unrealized and realized gains and losses for embedded derivatives are included in earnings in the statement of operations. The following details the components of the Company’s held-to-maturity debt investments as of December 31, 2021, and June 30, 2021. December 31, 2021 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures 1 $ 1,000 $ - $ (22 ) $ 978 June 30, 2021 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures 1 $ 1,000 $ 3 $ - $ 1,003 1. Held-to-maturity debt investments are carried at amortized cost. Investments in debt securities classified as held-to-maturity are carried at amortized cost. The following summarizes the net carrying amount and estimated fair value of debt securities at December 31, 2021, by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers. December 31, 2021 Available-for-sale debt securities Held-to-maturity debt securities (dollars in thousands) Convertible debentures (1) Due after one year through five years Net Carrying Amount $ 8,755 $ 1,000 Fair Value $ 14,971 $ 978 1. Principal payments are due quarterly with a final maturity date in January 2026. Certain derivatives embedded in other financial instruments, such as the conversion option in a convertible bond, are reported at fair value, and changes in fair value are recorded through earnings within investment income (loss). The host contract continues to be accounted for in accordance with the appropriate accounting standard. The embedded derivative and the related host contract represent one legal contract and are combined on the Consolidated Balance Sheets and the preceding tables. The Company held one financial instrument containing an embedded derivative, which represents an investment in HIVE, at December 31, 2021, and June 30, 2021. The following table summarizes the fair values of embedded derivatives on the Consolidated Balance Sheet, categorized by risk exposure, at December 31, 2021, and June 30, 2021. December 31, 2021 June 30, 2021 Other Assets Other Assets (dollars in thousands) Investments in available-for-sale debt securities Investments in available-for-sale debt securities Embedded Derivatives: Equity price risk exposure $ 1,983 $ 2,542 The following table presents the effect of embedded derivatives on the Consolidated Statements of Operations, categorized by risk exposure, for the three and six months ended December 31, 2021, and 2020. Six Months Ended December 31, 2021 Six Months Ended December 31, 2020 Three Months Ended December 31, 2021 Three Months Ended December 31, 2020 Other Income (Loss) Other Income (Loss) Other Income (Loss) Other Income (Loss) (dollars in thousands) Investment income (loss) Investment income (loss) Investment income (loss) Investment income (loss) Embedded Derivatives: Equity price risk exposure $ (559 ) $ - $ (121 ) $ - Other Investments 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, if any. If the Company identifies observable price changes for identical or similar securities of the same issuer, the equity security is measured at fair value as of the date the observable transaction occurred, with such changes recorded in investment income (loss). The following table presents the carrying value of equity securities without readily determinable fair values held as of December 31, 2021, and 2020, that are measured under the measurement alternative and the related adjustments recorded during the periods presented for those securities with observable price changes or impairments. These securities are included in the nonrecurring fair value hierarchy tables when applicable price changes are observable, or when impairments occur. Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2021 2020 2021 2020 Other Investments Carrying value $ 3,551 $ 1,385 $ 3,551 $ 1,385 Upward carrying value changes - - - - Downward carrying value changes/impairment - (123 ) - (6 ) The carrying value of equity securities without readily determinable fair values was approximately $3.5 million as of June 30, 2021. The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes. The cumulative amount of upward adjustments to all equity securities without readily determinable fair values total $2.3 million since their respective acquisitions through December 31, 2021. The cumulative amount of impairments and other downward adjustments, which include return of capital distributions and observable price changes, to all equity securities without readily determinable fair values total $1.5 million since their respective acquisitions through December 31, 2021. Investments Classified as Equity Method During fiscal years 2021 and 2022, the Company had an equity method investment in Galileo New Economy Fund LP. The Company owns approximately 22 percent of the LP as of December 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 six months ended December 31, 2021, is ($48,000) and ($33,000), respectively, for this investment. Included in other income (loss) for the three and six months ended December 31, 2020, is $463,000 and $484,000 respectively, for this investment. The Company’s investment in the LP had a carrying value of approximately $489,000 and $532,000 at December 31, 2021, and June 30, 2021, respectively. The LP is in the process of dissolution, and the carrying value at December 31, 2021, reflects the distribution the Company expects to receive, which includes cash and common shares of an investment held in the LP. Frank Holmes also directly held an investment in the LP at December 31, 2021. This investment has a concentration in technology and blockchain companies, which may result in volatility in its valuation. Investment Income Investment income from the Company’s investments includes: ● realized gains and losses on sales of securities; ● realized gains and losses on principal payment proceeds; ● unrealized gains and losses on securities at fair value; ● realized foreign currency gains and losses; ● impairments and observable price changes on equity investments without readily determinable fair values; and ● dividend and interest income. The following summarizes investment income reflected in earnings for the periods presented. Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment Income 2021 2020 2021 2020 Unrealized gains (losses) on fair valued securities $ (1,903 ) $ 6,573 $ 455 $ 5,466 Unrealized losses on embedded derivatives (559 ) - (121 ) - Unrealized losses on equity securities without readily determinable fair values - (113 ) - - Realized gains on principal payment proceeds 1,170 - 569 - Realized gains on sales of fair valued securities 1,853 15,043 43 15,043 Realized foreign currency gains (losses) (120 ) 176 26 175 Dividend and interest income 1,104 21 607 18 Total Investment Income $ 1,545 $ 21,700 $ 1,579 $ 20,702 For the three and six months ended December 31, 2021, realized gains on principal payment proceeds in the amount of $569,000 and $1.2 million, respectively, was released from other comprehensive income (loss). Unrealized gains and losses recognized on equity investments held as of the end of each three and six months ended December 31, 2021, and 2020 are as follows: Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2021 2020 2021 2020 Net gains (losses) recognized during the period on equity securities $ (50 ) $ 21,503 $ 498 $ 20,509 Less: Net gains (losses) recognized during the period on equity securities sold during the period (183 ) (18,284 ) 1 (18,013 ) Net unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date 1 $ (233 ) $ 3,219 $ 499 $ 2,496 1. Included $(113,000) for the six months ended December 31, 2020, of net gains (losses) as a result of the measurement alternative. There were no net gains (losses) as a result of the measurement alternative for the six months ended December 31, 2021, or for the three months ended December 31, 2021, and 2020. Investment income (loss) can be volatile and varies depending on market fluctuations, the Company’s ability to participate in investment opportunities, and timing of transactions. The Company expects that gains and losses will continue to fluctuate in the future.

INVESTMENT MANAGEMENT AND OTHER

INVESTMENT MANAGEMENT AND OTHER FEES	6 Months Ended
	Dec. 31, 2021
Investment Management and Other Fees [Abstract]
Investment Management and Other Fees [Text Block]	NOTE 3. INVESTMENT MANAGEMENT AND OTHER FEES The following table presents operating revenues disaggregated by performance obligation: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2021 2020 2021 2020 USGIF advisory fees $ 1,898 $ 1,803 $ 932 $ 907 USGIF performance fees earned 329 124 141 115 ETF advisory fees 10,768 5,937 5,452 3,647 Total Advisory Fees 12,995 7,864 6,525 4,669 USGIF administrative services fees 100 102 49 52 Total Operating Revenue $ 13,095 $ 7,966 $ 6,574 $ 4,721 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 were $161,000 and $319,000 for the three and six months ended December 31, 2021, respectively, compared with $185,000 and $401,000, 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 on the average daily net assets of each fund. The Company serves as investment advisor to two U.S.-based 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. The Company also serves as investment advisor to one European-based ETF, the U.S. Global Jets UCITS ETF. The Company receives a unitary management fee of 0.65 percent of average net assets and has agreed to bear all expenses of the ETF. As of December 31, 2021, the Company had $2.0 million in receivables from fund clients, of which $315,000 was from USGIF and $1.7 million was from the ETFs. As of June 30, 2021, the Company had $2.4 million in receivables from fund clients, of which $432,000 was from USGIF and $2.0 million was from ETFs.

RESTRICTED CASH

RESTRICTED CASH	6 Months Ended
	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	NOTE 4. RESTRICTED CASH Restricted cash represents cash invested in a money market account as collateral for credit facilities that is not available for general corporate use. A reconciliation of cash, cash equivalents, and restricted cash reported from the consolidated balance sheets to the statements of cash flows is shown below: (dollars in thousands) December 31, 2021 June 30, 2021 Cash and cash equivalents $ 23,179 $ 14,436 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 24,179 $ 15,436

LEASES

LEASES	6 Months Ended
	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
Commitments Disclosure [Text Block]	NOTE 5. LEASES The Company has lease agreements on a continuing operations basis for office equipment that expire in fiscal year 2022. Lease expense totaled $49,000 and $88,000 for the three and six months ended December 31, 2021, and $38,000 and $77,000 for the three and six months ended December 31, 2020, respectively. The components of lease expense included in general and administrative expense on the Consolidated Statements of Operations and qualitative information concerning the Company’s operating leases were as follows: Six Months Ending Three Months Ending December 31, December 31, (dollars in thousands) 2021 2020 2021 2020 Operating lease cost $ 26 $ 26 $ 13 $ 13 Short-term lease cost 62 51 36 25 Total lease cost $ 88 $ 77 $ 49 $ 38 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 26 $ 26 13 $ 13 Right-of-use assets obtained in exchanged for: Net operating lease liabilities $ - $ - Weighted-average remaining lease term (in years) 0.33 1.33 Weighted-average discount rate 4.11 % 4.11 % Maturities of lease liabilities from continuing operations as of December 31, 2021, are as follows: (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the six months ended December 31, 2021) $ 18 Total lease payments 18 Less imputed interest (1 ) Total $ 17 The Company is the lessor of certain areas of its owned office building under operating leases expiring in various years through fiscal year 2023. At the commencement of an operation lease, no income is recognized; subsequently, lease payments received are recognized on a straight-line basis. Lease income included in other income on the Consolidated Statements of Operations for the three and six months ended December 31, 2021, was $29,000 and $55,000, respectively. Lease income included in other income on the Consolidated Statements of Operations for the three and six month ended December 31, 2020, was $23,000 and $46,000, respectively. The cost of obtaining lessor contracts, which is included in other assets on the Consolidated Balance Sheets, was $3,000 and $4,000 at December 31, 2021, and June 30, 2021, respectively. A summary analysis of annual undiscounted cash flows to be received on leases as of December 31, 2021, is as follows: (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the six months ended December 31, 2021) $ 32 2023 34 Total lease payments $ 66 The Company may terminate the building leases with one hundred eighty days written notice if it sells the property. If the Company terminates the lease, the Company will pay the tenant a termination fee of the lesser of six months of the base monthly rent or the base monthly rent times the number of months remaining in the initial term.

BORROWINGS

BORROWINGS	6 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 6. 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, 2022, and the Company intends to renew annually. The credit facility is collateralized by approximately $1 million at December 31, 2021, included in restricted cash on the balance sheet, held in deposit in a money market account at the financial institution that provided the credit facility. As of December 31, 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 was granted forgiveness of the entire PPP loan and any accrued interest during the year ended June 30, 2021; thus, there was no balance remaining on the loan as of December 31, 2021, or June 30, 2021.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 7. STOCKHOLDERS EQUITY Payment of cash dividends is within the discretion of the Company’s Board of Directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. The dividend rate per share was $0.0025 per month for July 2020 through January 2021, $0.0050 per month for February 2021 through September 2021, and $0.0075 per month for October 2021 through December 2021. In December 2021, the Board authorized the continuance of the monthly dividend of $0.0075 per share from January through March 2022, at which time it will be considered for continuation by the Board. 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, 2022. The repurchase program has been in place since December 2012, and the Board of Directors has annually renewed the repurchase program each calendar year. The acquired shares may be used for corporate purposes, including shares issued to employees in the Company’s stock-based compensation programs. For the three and six months ended December 31, 2021, the Company repurchased 10,457 and 24,104 class A shares using cash of $54,000 and $136,000, respectively. For the three and six months ended December 31, 2020, the Company repurchased 15,096 and 16,096 class A shares using cash of $60,000 and $62,000, 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. At December 31, 2021, there were 231,000 options outstanding and exercisable under the 1989 Plan at a weighted average exercise price of $6.05, and 2,000 options outstanding and exercisable under the 1997 Plan at a weighted average exercise price of $2.74. At December 31, 2020, there were no options outstanding and exercisable under the 1989 Plan, and 2,000 options outstanding and exercisable under the 1997 Plan at a weighted average exercise price of $2.74. There were no options granted, forfeited, or exercised for the six months ended December 31, 2021, or 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. For the three and six months ended December 31, 2021, $345,000 and $733,000, respectively, was recognized as compensation expense. There was no stock-based compensation expense for the three and six months ended December 31, 2020. As of December 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	6 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 8. EARNINGS PER SHARE The basic earnings per share (“EPS”) calculation excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of EPS that could occur if options to issue common stock were exercised. The following table sets forth the computation for basic and diluted EPS: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands, except per share data) 2021 2020 2021 2020 Net Income $ 5,980 $ 18,605 $ 3,590 $ 16,661 Weighted average number of outstanding shares Basic 15,025,953 15,081,544 15,021,792 15,082,539 Effect of dilutive securities Employee stock options 1,054 305 1,022 404 Diluted 15,027,007 15,081,849 15,022,814 15,082,943 Earnings Per Share Basic Net Income per Share $ 0.40 $ 1.23 $ 0.24 $ 1.10 Diluted Net Income per Share $ 0.40 $ 1.23 $ 0.24 $ 1.10 The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period, as their inclusion would be anti-dilutive. For the three and six months ended December 31, 2021, employee stock options for 231,000 were excluded from diluted EPS. For the three and six months ended December 31, 2020, no employee stock options were excluded from diluted EPS. During the three and six months ended December 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	6 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 9. INCOME TAXES The Company and its non-Canadian subsidiaries file a consolidated U.S. federal income tax return. USCAN files a separate tax return in Canada. Provisions for income taxes include deferred taxes for temporary differences in the bases of assets and liabilities for financial and tax purposes resulting from the use of the liability method of accounting for income taxes. For U.S. federal income tax purposes at December 31, 2021, the Company has no U.S. federal net operating loss carryovers and no capital loss carryovers. 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. There was no valuation allowance included at December 31, 2021, or June 30, 2021.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 10. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the change in accumulated other comprehensive income (loss) (“AOCI”) by component: (dollars in thousands) Unrealized gains (losses) on available-for-sale investments Foreign currency translation adjustment 1 Total Six Months Ended December 31, 2021 Balance at June 30, 2021 $ 6,564 $ 23 $ 6,587 Other comprehensive loss before reclassifications (363 ) (10 ) (373 ) Tax effect 76 - 76 Amount reclassified from AOCI (1,170 ) - (1,170 ) Tax effect 245 - 245 Net other comprehensive loss (1,212 ) (10 ) (1,222 ) Balance at December 31, 2021 $ 5,352 $ 13 $ 5,365 Six Months Ended December 31, 2020 Balance at June 30, 2020 $ - $ (4 ) $ (4 ) Other comprehensive income before reclassifications - 12 12 Net other comprehensive income - 12 12 Balance at December 31, 2020 $ - $ 8 $ 8 1. Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSINE

FINANCIAL INFORMATION BY BUSINESS SEGMENT	6 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 11. FINANCIAL INFORMATION BY BUSINESS SEGMENT The Company operates principally in two business segments: 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 following schedule details total revenues and income by business segment: (dollars in thousands) Investment Management Services Corporate Investments Consolidated Six months ended December 31, 2021 Net operating revenues $ 13,095 $ - $ 13,095 Investment income $ - $ 1,545 $ 1,545 Loss from equity method investments $ - $ (33 ) $ (33 ) Other income $ 115 $ - $ 115 Income before income taxes $ 6,138 $ 1,295 $ 7,433 Depreciation and amortization $ 104 $ - $ 104 Gross identifiable assets at December 31, 2021 $ 23,386 $ 40,805 $ 64,191 Deferred tax asset $ - Consolidated total assets at December 31, 2021 $ 64,191 Six months ended December 31, 2020 Net operating revenues $ 7,966 $ - $ 7,966 Investment income $ - $ 21,700 $ 21,700 Income from equity method investments $ - $ 484 $ 484 Gain on forgiveness of PPP loan $ 444 $ - $ 444 Other income $ 59 $ - $ 59 Income before income taxes $ 3,463 $ 20,236 $ 23,699 Depreciation and amortization $ 98 $ - $ 98 Three months ended December 31, 2021 Net operating revenues $ 6,574 $ - $ 6,574 Investment income $ - $ 1,579 $ 1,579 Loss from equity method investments $ - $ (48 ) $ (48 ) Other income $ 59 $ - $ 59 Income before income taxes $ 3,025 $ 1,504 $ 4,529 Depreciation and amortization $ 56 $ - $ 56 Three months ended December 31, 2020 Net operating revenues $ 4,721 $ - $ 4,721 Investment income $ - $ 20,702 $ 20,702 Income from equity method investments $ - $ 463 $ 463 Gain on forgiveness of PPP loan $ 444 $ - $ 444 Other income $ 41 $ - $ 41 Income before income taxes $ 2,461 $ 19,264 $ 21,725 Depreciation and amortization $ 49 $ - $ 49 Net operating revenues from investment management services includes operating revenues from USGIF of $1.1 million and $2.3 million for the three and six months ended December 31, 2021, respectively, and $1.0 million and $2.0 million for the three and six months ended December 31, 2020, respectively. Net operating revenues from investment management services also include operating revenues from ETF clients of $5.5 million and $10.8 million, respectively, for the three and six months ended December 31, 2021, respectively, and $3.6 million and $5.9 million for the three and six months ended December 31, 2020, respectively.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	6 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 12. 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. The Board has authorized a monthly dividend of $0.0075 per share through March 2022, at which time it will be considered for continuation by the Board. Payment of cash dividends is within the discretion of the Company’s Board of Directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. The total amount of cash dividends expected to be paid to class A and class C shareholders from January to March 2022 is approximately $338,000. The outbreak of the COVID-19 pandemic and the resulting actions to control or slow the spread have affected global and domestic economies and financial markets. The Company continues to monitor the impact of COVID-19, but at the date of this report cannot 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.

IMMATERIAL REVISIONS TO UNAUDIT

IMMATERIAL REVISIONS TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS	6 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Reclassifications [Text Block]	NOTE 13. IMMATERIAL REVISIONS TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended December 31, 2020, the Company recorded changes in the fair value of investment securities within “Changes in operating assets and liabilities” on the unaudited consolidated statement of cash flows instead of within “Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities.” The line-item “Investment securities” has been removed for the six months ended December 31, 2020, and $(6,460,000), was reclassified from “Investment securities” to “Unrealized (gains) losses on securities” for the period. The revision had no impact on net income or earnings per share and was deemed immaterial. The Company was granted forgiveness of its Paycheck Protection Program ("PPP") loan and accrued interest totaling $444,000 in the quarter ended December 31, 2020. The Company recorded the extinguishment of debt related to the forgiveness as “Other operating revenue” instead of other income in the December 31, 2020, financial statements. The line-item “Other operating revenue” has been removed for the three and six months ended December 31, 2020, and the line-item “Gain on forgiveness of PPP loan” was added to other income for the period. This revision had no impact on net income or earnings per share and was deemed immaterial.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Dec. 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, 2021. 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. 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 2 and 3. In the ordinary course of business, the Company may choose to waive certain fees or assume operating expenses of the funds it advises for competitive, regulatory or contractual reasons (see Note 3 for information regarding fee waivers). The Company has not provided financial support to any of these entities outside the ordinary course of business. The Company’s risk of loss with respect to these VIEs is limited to the carrying value of its investments in, and fees receivable from, the entities. The Company does not consolidate these VIEs because it is not the primary beneficiary. The Company’s total exposure to unconsolidated VIEs, consisting of the carrying value of investment securities and receivables for fees, was $7.2 million at December 31, 2021, and $7.3 million at June 30, 2021. 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, 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 2. All significant intercompany balances and transactions have been eliminated in consolidation. Certain amounts have been reclassified for comparative purposes. Certain quarterly amounts may not add to the year-to-date amount due to rounding. The results of operations for the six months ended December 31, 2021, are not necessarily indicative of the results the Company may expect for the fiscal year ending June 30, 2022 (“fiscal 2022”), 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; interim disclosures generally do not repeat those in the annual statements.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Dec. 31, 2021
INVESTMENTS (Tables) [Line Items]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	The following summarizes the major categories of investments with fair values adjusted on a recurring basis as of December 31, 2021, and June 30, 2021, and other investments with fair values adjusted on a nonrecurring basis, with fair values shown according to the fair value hierarchy. There were no fair values adjusted on a nonrecurring basis during the six months ended December 31, 2021. December 31, 2021 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments carried at fair value on a recurring basis: Investments in equity securities: Equities - International $ 993 $ - $ 7,316 $ 8,309 Mutual funds - Fixed income 6,291 - - 6,291 Mutual funds - Global equity 881 - - 881 Total investments in equity securities: $ 8,165 $ - $ 7,316 $ 15,481 Investments in debt securities: Available-for-sale - Convertible debentures - - 14,971 14,971 Total investments carried at fair value on a recurring basis: $ 8,165 $ - $ 22,287 $ 30,452 June 30, 2021 Significant Significant Quoted Prices Other Inputs Unobservable Inputs (dollars in thousands) (Level 1) (Level 2) (Level 3) Total Investments carried at fair value on a recurring basis: Investments in equity securities: Equities - International $ 2,837 $ 135 $ 8,026 $ 10,998 Mutual funds - Fixed income 6,322 - - 6,322 Mutual funds - Global equity 938 - - 938 Total investments in equity securities: $ 10,097 $ 135 $ 8,026 $ 18,258 Investments in debt securities: Available-for-sale - Convertible debentures - - 17,049 17,049 Total investments carried at fair value on a recurring basis: $ 10,097 $ 135 $ 25,075 $ 35,307 Investments carried at fair value on a nonrecurring basis: Other investments 1 $ - $ - $ 2,554 $ 2,554 1. Other investments include equity securities without readily determinable fair values that were adjusted as a result of the measurement alternative on dates during the fiscal year ended June 30, 2021. These securities are classified as level 3 due to the infrequency of the observable price changes and/or restrictions on the shares.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table is a reconciliation of investments recorded at fair value for which unobservable inputs (Level 3) were used in determining fair value during the six months ended December 31, 2021. Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis Six Months Ended December 31, 2021 (dollars in thousands) Investments in equity securities Investments in debt securities Beginning Balance $ 8,026 $ 17,049 Principal repayments - (1,500 ) Amortization of Premium - (177 ) Accretion of Discount - 521 Total gains (losses) included in: Investment Income (710 ) 612 Other Comprehensive Income (Loss) - (1,534 ) Ending Balance $ 7,316 $ 14,971
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	The Company currently considers the related fair value measurements to contain Level 3 inputs. The following is quantitative information as of December 31, 2021, with respect to the securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3): December 31, 2021 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in equity securities: Common share purchase warrants $ 7,316 Option pricing model Volatility 97.2 % Investments in debt securities: Available-for-sale - Convertible debentures $ 14,971 Binomial lattice model Volatility 64.0 % Credit Adjusted Discount Rate 2.2 %
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	The following details the components of the Company’s equity investments carried at fair value as of December 31, 2021, and June 30, 2021. December 31, 2021 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,201 $ 2,108 $ 8,309 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 (22 ) 6,291 Mutual funds - Global equity 929 (48 ) 881 Total equity securities at fair value $ 13,488 $ 1,993 $ 15,481 June 30, 2021 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 7,076 $ 3,922 $ 10,998 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 9 6,322 Mutual funds - Global equity 929 9 938 Total equity securities at fair value $ 14,363 $ 3,895 $ 18,258
Debt Securities, Available-for-sale and Held-to-Maturity [Table Text Block]	The following details the components of the Company’s available-for-sale debt investments as of December 31, 2021, and June 30, 2021. December 31, 2021 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Losses in Earnings Fair Value Available-for-sale - Convertible debentures 1 $ 8,755 $ 6,775 $ (559 ) $ 14,971 June 30, 2021 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Losses in Earnings Fair Value Available-for-sale - Convertible debentures 1 $ 8,741 $ 8,308 $ - $ 17,049 1. Changes in unrealized gains and losses are included in the statement of comprehensive income (loss), except for embedded derivatives. Changes in unrealized and realized gains and losses for embedded derivatives are included in earnings in the statement of operations. December 31, 2021 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures 1 $ 1,000 $ - $ (22 ) $ 978 June 30, 2021 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures 1 $ 1,000 $ 3 $ - $ 1,003 1. Held-to-maturity debt investments are carried at amortized cost.
Investments Classified by Contractual Maturity Date [Table Text Block]	Investments in debt securities classified as held-to-maturity are carried at amortized cost. The following summarizes the net carrying amount and estimated fair value of debt securities at December 31, 2021, by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers. December 31, 2021 Available-for-sale debt securities Held-to-maturity debt securities (dollars in thousands) Convertible debentures (1) Due after one year through five years Net Carrying Amount $ 8,755 $ 1,000 Fair Value $ 14,971 $ 978 1. Principal payments are due quarterly with a final maturity date in January 2026.
Equity Securities without Readily Determinable Fair Value [Table Text Block]	The following table presents the carrying value of equity securities without readily determinable fair values held as of December 31, 2021, and 2020, that are measured under the measurement alternative and the related adjustments recorded during the periods presented for those securities with observable price changes or impairments. These securities are included in the nonrecurring fair value hierarchy tables when applicable price changes are observable, or when impairments occur. Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2021 2020 2021 2020 Other Investments Carrying value $ 3,551 $ 1,385 $ 3,551 $ 1,385 Upward carrying value changes - - - - Downward carrying value changes/impairment - (123 ) - (6 )
Gain (Loss) on Securities [Table Text Block]	The following summarizes investment income reflected in earnings for the periods presented. Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment Income 2021 2020 2021 2020 Unrealized gains (losses) on fair valued securities $ (1,903 ) $ 6,573 $ 455 $ 5,466 Unrealized losses on embedded derivatives (559 ) - (121 ) - Unrealized losses on equity securities without readily determinable fair values - (113 ) - - Realized gains on principal payment proceeds 1,170 - 569 - Realized gains on sales of fair valued securities 1,853 15,043 43 15,043 Realized foreign currency gains (losses) (120 ) 176 26 175 Dividend and interest income 1,104 21 607 18 Total Investment Income $ 1,545 $ 21,700 $ 1,579 $ 20,702
Unrealized Gain (Loss) on Investments [Table Text Block]	Unrealized gains and losses recognized on equity investments held as of the end of each three and six months ended December 31, 2021, and 2020 are as follows: Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2021 2020 2021 2020 Net gains (losses) recognized during the period on equity securities $ (50 ) $ 21,503 $ 498 $ 20,509 Less: Net gains (losses) recognized during the period on equity securities sold during the period (183 ) (18,284 ) 1 (18,013 ) Net unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date 1 $ (233 ) $ 3,219 $ 499 $ 2,496 1. Included $(113,000) for the six months ended December 31, 2020, of net gains (losses) as a result of the measurement alternative. There were no net gains (losses) as a result of the measurement alternative for the six months ended December 31, 2021, or for the three months ended December 31, 2021, and 2020.
Other Assets [Member]
INVESTMENTS (Tables) [Line Items]
Schedule of Derivative Instruments [Table Text Block]	The following table summarizes the fair values of embedded derivatives on the Consolidated Balance Sheet, categorized by risk exposure, at December 31, 2021, and June 30, 2021. December 31, 2021 June 30, 2021 Other Assets Other Assets (dollars in thousands) Investments in available-for-sale debt securities Investments in available-for-sale debt securities Embedded Derivatives: Equity price risk exposure $ 1,983 $ 2,542
Other Income [Member]
INVESTMENTS (Tables) [Line Items]
Schedule of Derivative Instruments [Table Text Block]	The following table presents the effect of embedded derivatives on the Consolidated Statements of Operations, categorized by risk exposure, for the three and six months ended December 31, 2021, and 2020. Six Months Ended December 31, 2021 Six Months Ended December 31, 2020 Three Months Ended December 31, 2021 Three Months Ended December 31, 2020 Other Income (Loss) Other Income (Loss) Other Income (Loss) Other Income (Loss) (dollars in thousands) Investment income (loss) Investment income (loss) Investment income (loss) Investment income (loss) Embedded Derivatives: Equity price risk exposure $ (559 ) $ - $ (121 ) $ -

INVESTMENT MANAGEMENT AND OTH_2

INVESTMENT MANAGEMENT AND OTHER FEES (Tables)	6 Months Ended
	Dec. 31, 2021
Investment Management and Other Fees [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents operating revenues disaggregated by performance obligation: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands) 2021 2020 2021 2020 USGIF advisory fees $ 1,898 $ 1,803 $ 932 $ 907 USGIF performance fees earned 329 124 141 115 ETF advisory fees 10,768 5,937 5,452 3,647 Total Advisory Fees 12,995 7,864 6,525 4,669 USGIF administrative services fees 100 102 49 52 Total Operating Revenue $ 13,095 $ 7,966 $ 6,574 $ 4,721

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	6 Months Ended
	Dec. 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) December 31, 2021 June 30, 2021 Cash and cash equivalents $ 23,179 $ 14,436 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 24,179 $ 15,436

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense included in general and administrative expense on the Consolidated Statements of Operations and qualitative information concerning the Company’s operating leases were as follows: Six Months Ending Three Months Ending December 31, December 31, (dollars in thousands) 2021 2020 2021 2020 Operating lease cost $ 26 $ 26 $ 13 $ 13 Short-term lease cost 62 51 36 25 Total lease cost $ 88 $ 77 $ 49 $ 38 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 26 $ 26 13 $ 13 Right-of-use assets obtained in exchanged for: Net operating lease liabilities $ - $ - Weighted-average remaining lease term (in years) 0.33 1.33 Weighted-average discount rate 4.11 % 4.11 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of lease liabilities from continuing operations as of December 31, 2021, are as follows: (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the six months ended December 31, 2021) $ 18 Total lease payments 18 Less imputed interest (1 ) Total $ 17
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]	A summary analysis of annual undiscounted cash flows to be received on leases as of December 31, 2021, is as follows: (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the six months ended December 31, 2021) $ 32 2023 34 Total lease payments $ 66

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Dec. 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: Six Months Ended December 31, Three Months Ended December 31, (dollars in thousands, except per share data) 2021 2020 2021 2020 Net Income $ 5,980 $ 18,605 $ 3,590 $ 16,661 Weighted average number of outstanding shares Basic 15,025,953 15,081,544 15,021,792 15,082,539 Effect of dilutive securities Employee stock options 1,054 305 1,022 404 Diluted 15,027,007 15,081,849 15,022,814 15,082,943 Earnings Per Share Basic Net Income per Share $ 0.40 $ 1.23 $ 0.24 $ 1.10 Diluted Net Income per Share $ 0.40 $ 1.23 $ 0.24 $ 1.10

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Dec. 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: (dollars in thousands) Unrealized gains (losses) on available-for-sale investments Foreign currency translation adjustment 1 Total Six Months Ended December 31, 2021 Balance at June 30, 2021 $ 6,564 $ 23 $ 6,587 Other comprehensive loss before reclassifications (363 ) (10 ) (373 ) Tax effect 76 - 76 Amount reclassified from AOCI (1,170 ) - (1,170 ) Tax effect 245 - 245 Net other comprehensive loss (1,212 ) (10 ) (1,222 ) Balance at December 31, 2021 $ 5,352 $ 13 $ 5,365 Six Months Ended December 31, 2020 Balance at June 30, 2020 $ - $ (4 ) $ (4 ) Other comprehensive income before reclassifications - 12 12 Net other comprehensive income - 12 12 Balance at December 31, 2020 $ - $ 8 $ 8 1. Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSI_2

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)	6 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The Company operates principally in two business segments: 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 following schedule details total revenues and income by business segment: (dollars in thousands) Investment Management Services Corporate Investments Consolidated Six months ended December 31, 2021 Net operating revenues $ 13,095 $ - $ 13,095 Investment income $ - $ 1,545 $ 1,545 Loss from equity method investments $ - $ (33 ) $ (33 ) Other income $ 115 $ - $ 115 Income before income taxes $ 6,138 $ 1,295 $ 7,433 Depreciation and amortization $ 104 $ - $ 104 Gross identifiable assets at December 31, 2021 $ 23,386 $ 40,805 $ 64,191 Deferred tax asset $ - Consolidated total assets at December 31, 2021 $ 64,191 Six months ended December 31, 2020 Net operating revenues $ 7,966 $ - $ 7,966 Investment income $ - $ 21,700 $ 21,700 Income from equity method investments $ - $ 484 $ 484 Gain on forgiveness of PPP loan $ 444 $ - $ 444 Other income $ 59 $ - $ 59 Income before income taxes $ 3,463 $ 20,236 $ 23,699 Depreciation and amortization $ 98 $ - $ 98 Three months ended December 31, 2021 Net operating revenues $ 6,574 $ - $ 6,574 Investment income $ - $ 1,579 $ 1,579 Loss from equity method investments $ - $ (48 ) $ (48 ) Other income $ 59 $ - $ 59 Income before income taxes $ 3,025 $ 1,504 $ 4,529 Depreciation and amortization $ 56 $ - $ 56 Three months ended December 31, 2020 Net operating revenues $ 4,721 $ - $ 4,721 Investment income $ - $ 20,702 $ 20,702 Income from equity method investments $ - $ 463 $ 463 Gain on forgiveness of PPP loan $ 444 $ - $ 444 Other income $ 41 $ - $ 41 Income before income taxes $ 2,461 $ 19,264 $ 21,725 Depreciation and amortization $ 49 $ - $ 49

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Millions	Dec. 31, 2021	Jun. 30, 2021
Variable Interest Entity, Not Primary Beneficiary [Member]
BASIS OF PRESENTATION (Details) [Line Items]
Net Assets	$ 7.2	$ 7.3

INVESTMENTS (Details)

INVESTMENTS (Details) $ / shares in Units, $ in Thousands, shares in Millions	Jan. 12, 2021USD ($)	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2021$ / shares	Jun. 30, 2021USD ($)shares
INVESTMENTS (Details) [Line Items]
Securities, Fair Value		$ 30,452		$ 30,452		$ 30,452		$ 35,307
Investments, Current and Noncurrent, Cost		$ 22,200		$ 22,200		$ 22,200
Market value of investments to Company's total assets		47.40%		47.40%		47.40%
Other investments		$ 3,551		$ 3,551		$ 3,551		3,453
Debt Securities, Held-to-Maturity, Fair Value, Noncurrent		1,000		1,000		1,000
Equity Method Investments		489		489		489		532
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value		14,971		14,971		14,971
Realized Gain (Loss) on Principal Payment Proceeds		569	$ 0	1,170	$ 0
Equity Securities without Readily Determinable Fair Value, Amount		3,551	1,385	3,551	1,385	3,551		3,500
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount		2,300		2,300		2,300
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount		1,500		1,500		1,500
Income (Loss) from Equity Method Investments		(48)	463	(33)	484
Equity Securities Without Readily Determinable Fair Values Unrealized Gain (Loss)		0	0	0	(113)
Fair Value, Inputs, Level 3 [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value		22,287		22,287		22,287		25,075
Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value		8,165		8,165		8,165		10,097
Debt Securities [Member]
INVESTMENTS (Details) [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		14,971		14,971		14,971		17,049
Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		7,316		7,316		7,316		8,026
U.S. Global Investors Funds [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Current		7,200		7,200		7,200		7,300
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Fair Value, Inputs, Level 3 [Member] | Warrants and Convertible Debt [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value		$ 22,300		$ 22,300		$ 22,300		$ 25,100
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Securities Investment [Member]
INVESTMENTS (Details) [Line Items]
Investment Owned, at Cost	$ 15,000
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Debt Securities [Member]
INVESTMENTS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								8.00%
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares		$ 2.34		$ 2.34		$ 2.34
Investment Owned, Balance, Principal Amount		$ 12,100		$ 12,100		$ 12,100		$ 14,300
Debt Securities, Available-for-sale, Unrealized Gain	6,900
Realized Gain (Loss) on Principal Payment Proceeds		569		1,200
Debt Securities, Available-for-sale, Unrealized Gain (Loss)				$ 4,500
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Debentures [Member]
INVESTMENTS (Details) [Line Items]
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	16,000
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
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Warrant [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Cost	$ 5,900
Thunderbird Entertainment Group [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Current								$ 2,700
Equity Securities, FV-NI, Realized Gain		43		$ 1,900
Galileo New Economy Fund LP [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investments		489		489		$ 489		$ 532
Income (Loss) from Equity Method Investments		$ (48)	$ 463	$ (33)	$ 484
Galileo New Economy Fund LP [Member] | Maximum [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investment, Ownership Percentage						22.00%

INVESTMENTS (Details) - Fair Va

INVESTMENTS (Details) - Fair Value, Assets Measured on Recurring and Nonrecurring Basis - USD ($) $ in Thousands		Dec. 31, 2021	Jun. 30, 2021
Investments carried at fair value on a recurring basis:
Equity securities fair value		$ 15,481	$ 18,258
Debt securities fair value		8,755
Total investments carried at fair value on a recurring basis:		30,452	35,307
Investments carried at fair value on a nonrecurring basis:
Other investments	[1]		2,554
Equity Securities International [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		8,309	10,998
Mutual Funds - Fixed Income [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		6,291	6,322
Mutual Funds Global Equity [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		881	938
Available-for-sale Securities [Member] | Corporate Debt Securities [Member]
Investments carried at fair value on a recurring basis:
Debt securities fair value		14,971	17,049
Fair Value, Inputs, Level 1 [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		8,165	10,097
Total investments carried at fair value on a recurring basis:		8,165	10,097
Investments carried at fair value on a nonrecurring basis:
Other investments	[1]		0
Fair Value, Inputs, Level 1 [Member] | Equity Securities International [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		993	2,837
Fair Value, Inputs, Level 1 [Member] | Mutual Funds - Fixed Income [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		6,291	6,322
Fair Value, Inputs, Level 1 [Member] | Mutual Funds Global Equity [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		881	938
Fair Value, Inputs, Level 1 [Member] | Available-for-sale Securities [Member] | Corporate Debt Securities [Member]
Investments carried at fair value on a recurring basis:
Debt securities fair value		0	0
Fair Value, Inputs, Level 2 [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		0	135
Total investments carried at fair value on a recurring basis:		0	135
Investments carried at fair value on a nonrecurring basis:
Other investments	[1]		0
Fair Value, Inputs, Level 2 [Member] | Equity Securities International [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		0	135
Fair Value, Inputs, Level 2 [Member] | Mutual Funds - Fixed Income [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		0	0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds Global Equity [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		0	0
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | Corporate Debt Securities [Member]
Investments carried at fair value on a recurring basis:
Debt securities fair value		0	0
Fair Value, Inputs, Level 3 [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		7,316	8,026
Total investments carried at fair value on a recurring basis:		22,287	25,075
Investments carried at fair value on a nonrecurring basis:
Other investments	[1]		2,554
Fair Value, Inputs, Level 3 [Member] | Equity Securities International [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		7,316	8,026
Fair Value, Inputs, Level 3 [Member] | Mutual Funds - Fixed Income [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		0	0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds Global Equity [Member]
Investments carried at fair value on a recurring basis:
Equity securities fair value		0	0
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Corporate Debt Securities [Member]
Investments carried at fair value on a recurring basis:
Debt securities fair value		$ 14,971	$ 17,049
[1]	Other investments include equity securities without readily determinable fair values that were adjusted as a result of the measurement alternative on dates during the fiscal year ended June 30, 2021. These securities are classified as level 3 due to the infrequency of the observable price changes and/or restrictions on the shares.

INVESTMENTS (Details) - Fair _2

INVESTMENTS (Details) - Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation $ in Thousands	6 Months Ended
	Dec. 31, 2021USD ($)
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 8,026
Ending Balance	7,316
Principal repayments	0
Amortization of Premium	0
Accretion of Discount	0
Total gains (losses) included in:
Net Income (Loss)	(710)
Other Comprehensive Income (Loss)	0
Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	17,049
Ending Balance	14,971
Principal repayments	(1,500)
Amortization of Premium	(177)
Accretion of Discount	521
Total gains (losses) included in:
Net Income (Loss)	612
Other Comprehensive Income (Loss)	$ (1,534)

INVESTMENTS (Details) - Fair _3

INVESTMENTS (Details) - Fair Value Measurement Inputs and Valuation Techniques $ in Thousands	6 Months Ended
	Dec. 31, 2021USD ($)
Equity Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 7,316
Principal Valuation Techniques	Option pricing model
Equity Securities [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	Volatility
Unobservable Inputs	0.972
Debt Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Principal Valuation Techniques	Binomial lattice model
Fair Value	$ 14,971
Debt Securities [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	Volatility
Unobservable Inputs	0.64
Debt Securities [Member] | Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	Credit Adjusted Discount Rate
Unobservable Inputs	0.022

INVESTMENTS (Details) - Compone

INVESTMENTS (Details) - Components of Company's Equity Securities Measured at Fair Value - Equity Securities [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Equities International [Member]
Equity securities at fair value
Securities, Cost	$ 6,201	$ 7,076
Securities, Unrealized Gains (Losses)	2,108	3,922
Securities, Fair Value	8,309	10,998
Common Stock - Domestic [Member]
Equity securities at fair value
Securities, Cost	45	45
Securities, Unrealized Gains (Losses)	(45)	(45)
Securities, Fair Value	0	0
Mutual Funds - Fixed Income [Member]
Equity securities at fair value
Securities, Cost	6,313	6,313
Securities, Unrealized Gains (Losses)	(22)	9
Securities, Fair Value	6,291	6,322
Mutual Funds Global Equity [Member]
Equity securities at fair value
Securities, Cost	929	929
Securities, Unrealized Gains (Losses)	(48)	9
Securities, Fair Value	881	938
Equity Securities [Member]
Equity securities at fair value
Securities, Cost	13,488	14,363
Securities, Unrealized Gains (Losses)	1,993	3,895
Securities, Fair Value	$ 15,481	$ 18,258

INVESTMENTS (Details) - Debt Se

INVESTMENTS (Details) - Debt Securities, Available-for-sale and Held-to-Maturity - Corporate Debt Securities [Member] - USD ($) $ in Thousands		Dec. 31, 2021	Jun. 30, 2021
Available-for-sale Securities [Member]
INVESTMENTS (Details) - Debt Securities, Available-for-sale and Held-to-Maturity [Line Items]
Amortized Cost	[1]	$ 8,755	$ 8,741
Gross Unrealized Gains in Other Comprehensive Income	[1]	6,775	8,308
Gross Unrealized Losses in Earnings	[1]	(559)	0
Fair Value	[1]	14,971	17,049
Held-to-maturity Securities [Member]
INVESTMENTS (Details) - Debt Securities, Available-for-sale and Held-to-Maturity [Line Items]
Amortized Cost	[2]	1,000	1,000
Gross Unrecognized Holding Gains	[2]	0	3
Gross Unrecognized Holding Losses	[2]	(22)	0
Fair Value	[2]	$ 978	$ 1,003
[1]	Changes in unrealized gains and losses are included in the statement of comprehensive income (loss), except for embedded derivatives. Changes in unrealized and realized gains and losses for embedded derivatives are included in earnings in the statement of operations.
[2]	Held-to-maturity debt investments are carried at amortized cost.

INVESTMENTS (Details) - Investm

INVESTMENTS (Details) - Investments Classified by Contractual Maturity Date $ in Thousands	Dec. 31, 2021USD ($)
Investments Classified by Contractual Maturity Date [Abstract]
Net Carrying Amount, Convertible debentures	$ 8,755
Net Carrying Amount, Due after one through five	1,000
Fair Value, Convertible debentures	14,971
Fair Value, Due after one through five	$ 978

INVESTMENTS (Details) - Schedul

INVESTMENTS (Details) - Schedule of Derivative Instruments - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Embedded Derivatives:
Equity price risk exposure	$ 1,983	$ 2,542

INVESTMENTS (Details) - Sched_2

INVESTMENTS (Details) - Schedule of Derivative Instruments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Embedded Derivatives:
Equity price risk exposure	$ (121)	$ 0	$ (559)	$ 0

INVESTMENTS (Details) - Equity

INVESTMENTS (Details) - Equity Securities without Readily Determinable Fair Value - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Other Investments
Carrying value	$ 3,551	$ 1,385	$ 3,551	$ 1,385	$ 3,500
Upward carrying value changes	0	0	0	0
Downward carrying value changes/impairment	$ 0	$ (6)	$ 0	$ (123)

INVESTMENTS (Details) - Inves_2

INVESTMENTS (Details) - Investment Income (Loss) Reflected in Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Investment Income (Loss) Reflected in Earnings [Abstract]
Unrealized gains (losses) on fair valued securities	$ 455	$ 5,466	$ (1,903)	$ 6,573
Unrealized losses on embedded derivatives	(121)	0	(559)	0
Unrealized losses on equity securities without readily determinable fair values	0	0	0	(113)
Realized gains on principal payment proceeds	569	0	1,170	0
Realized gains on sales of fair valued securities	43	15,043	1,853	15,043
Realized foreign currency gains (losses)	26	175	(120)	176
Dividend and interest income	607	18	1,104	21
Total Investment Income	$ 1,579	$ 20,702	$ 1,545	$ 21,700

INVESTMENTS (Details) - Unreali

INVESTMENTS (Details) - Unrealized Gain (Loss) on Investments - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Unrealized Gain (Loss) on Investments [Abstract]
Net gains (losses) recognized during the period on equity securities		$ 498	$ 20,509	$ (50)	$ 21,503
Less: Net gains (losses) recognized during the period on equity securities sold during the period		1	(18,013)	(183)	(18,284)
Net unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date	[1]	$ 499	$ 2,496	$ (233)	$ 3,219
[1]	Included $(113,000) for the six months ended December 31, 2020, of net gains (losses) as a result of the measurement alternative. There were no net gains (losses) as a result of the measurement alternative for the six months ended December 31, 2021, or for the three months ended December 31, 2021, and 2020.

INVESTMENT MANAGEMENT AND OTH_3

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Aggregate Fees Waived and Expenses Borne	$ 161,000	$ 185	$ 319,000	$ 401
Administrative fee rate			0.05%
U.S. Global ETFs [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Unitary Management Fee, Percentage of Average Net Assets			0.60%
U.S. Global Jets UCITS ETF [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Unitary Management Fee, Percentage of Average Net Assets			0.65%
Equity Funds [Member] | U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Base percentage adjustment, fund performance not within benchmark index	0.25%		0.25%
Minimum performance to designated benchmark over prior rolling twelve months, percent	5.00%		5.00%
Fund Clients [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 2,000,000		$ 2,000,000		$ 2,400,000
Fund Clients [Member] | U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	315,000		315,000		432,000
Fund Clients [Member] | U.S. Global ETFs [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 1,700,000		$ 1,700,000		$ 2,000,000

INVESTMENT MANAGEMENT AND OTH_4

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - Disaggregation of Revenue - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 6,574	$ 4,721	$ 13,095	$ 7,966
Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,525	4,669	12,995	7,864
Investment and Advisory Services [Member] | U.S. Global ETFs [Member]
Disaggregation of Revenue [Line Items]
Revenues	5,452	3,647	10,768	5,937
Administrative Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	49	52	100	102
Administrative Service [Member] | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	49	52	100	102
Investment and Advisory Services [Member] | Base Advisory Fee [Member[ | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	932	907	1,898	1,803
Investment and Advisory Services [Member] | Investment Performance [Member] | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 141	$ 115	$ 329	$ 124

RESTRICTED CASH (Details) - Res

RESTRICTED CASH (Details) - Restrictions on Cash and Cash Equivalents - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Restrictions on Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 23,179	$ 14,436
Restricted cash	1,000	1,000
Total cash, cash equivalents, and restricted cash	$ 24,179	$ 15,436	$ 22,619	$ 2,961

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
LEASES (Details) [Line Items]
Lessor, Operating Lease, Description			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	$ 29	$ 23	$ 55	$ 46
Lessor Contracts, Asset	3		$ 3		$ 4
Lessor, Operating Lease, Option to Terminate			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]
Operating Lease, Expense	$ 49	$ 38	$ 88	$ 77

LEASES (Details) - Lease, Cost

LEASES (Details) - Lease, Cost - Continuing Operations [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 13	$ 13	$ 26	$ 26
Short-term lease cost	36	25	62	51
Total lease cost	49	38	88	77
Operating cash flows from operating leases	$ 13	$ 13	26	26
Net operating lease liabilities			$ 0	$ 0
Weighted-average remaining lease term (in years)	3 months 29 days	1 year 3 months 29 days	3 months 29 days	1 year 3 months 29 days
Weighted-average discount rate	4.11%	4.11%	4.11%	4.11%

LEASES (Details) - Lessee, Oper

LEASES (Details) - Lessee, Operating Lease, Liability, Maturity $ in Thousands	Dec. 31, 2021USD ($)
Lessee, Operating Lease, Liability, Maturity [Abstract]
2022 (excluding the six months ended Decemer 31, 2021)	$ 18
Total lease payments	18
Less imputed interest	(1)
Total	$ 17

LEASES (Details) - Lessor, Oper

LEASES (Details) - Lessor, Operating Lease, Payments to be Received, Maturity $ in Thousands	Dec. 31, 2021USD ($)
Lessor, Operating Lease, Payments to be Received, Maturity [Abstract]
2022 (excluding the six months ended December 31, 2021)	$ 32
2023	34
Total lease payments	$ 66

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands	Apr. 12, 2020USD ($)	Dec. 31, 2021USD ($)	Jun. 30, 2021USD ($)
BORROWINGS (Details) [Line Items]
Credit facility with a one-year maturity for working capital		$ 1,000
Amended credit agreement expiration date		May 31, 2022
Line of Credit Facility, Collateral		collateralized by approximately $1 million at December 31, 2021, included in 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
Notes Payable, Current		$ 0	$ 0
Maximum [Member]
BORROWINGS (Details) [Line Items]
Number of Employees	25

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended					6 Months Ended		7 Months Ended	8 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Jan. 31, 2021	Sep. 30, 2021
STOCKHOLDERS' EQUITY (Details) [Line Items]
Repurchasing Amount (in Dollars)						$ 136	$ 62
Share-based Payment Arrangement, Expense (in Dollars)		$ 345		$ 0		733	0
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount (in Dollars)		$ 0		0		0	0
Monthly Dividends Paid [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)	$ 0.0075	$ 0.0075						$ 0.0025	$ 0.005
Share Repurchase Plan Renewal, December 2012 - December 2022 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)		$ 2,750				2,750
Common Class A [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Repurchasing Amount (in Dollars)		$ 54		$ 60		$ 136	$ 62
Common Class A [Member] | 1989 Plan [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number		231,000		0		231,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share)		$ 6.05				$ 6.05
Common Class A [Member] | 1997 Plan [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number		2,000		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	$ 2.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period						0	0
Number of options, options forfeited						0	0
Number of options granted						0	0
Common Class A [Member] | Treasury Stock [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Number of shares repurchased		10,457	13,647	15,096	1,000	24,104	16,096

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 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	231,000	0	231,000	0

EARNINGS PER SHARE (Details) -

EARNINGS PER SHARE (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net Income (in Dollars)	$ 3,590	$ 2,390	$ 16,661	$ 1,944	$ 5,980	$ 18,605
Weighted average number of outstanding shares
Basic	15,021,792		15,082,539		15,025,953	15,081,544
Effect of dilutive securities
Employee stock options	1,022		404		1,054	305
Diluted	15,022,814		15,082,943		15,027,007	15,081,849
Basic Net Income per Share (in Dollars per share)	$ 0.24		$ 1.1		$ 0.4	$ 1.23
Diluted Net Income per Share (in Dollars per share)	$ 0.24		$ 1.1		$ 0.4	$ 1.23

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	Dec. 31, 2021USD ($)
INCOME TAXES (Details) [Line Items]
Valuation allowance	$ 0
CANADA | Foreign Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Operating loss carryover	0
Capital Loss Carryforward [Member] | CANADA | Foreign Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	$ 0

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2021USD ($)
Stockholders' Equity Note [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	$ 0

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance		$ 6,587	$ (4)
Other comprehensive income before reclassifications		(373)	12
Tax effect		76
Amount reclassified from AOCI		(1,170)
Tax effect		245
Net other comprehensive income (loss)		(1,222)	12
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance		5,365	8
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance		6,564	0
Other comprehensive income before reclassifications		(363)	0
Tax effect		76
Amount reclassified from AOCI		(1,170)
Tax effect		245
Net other comprehensive income (loss)		(1,212)	0
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance		5,352	0
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance	[1]	23	(4)
Other comprehensive income before reclassifications	[1]	(10)	12
Tax effect	[1]	0
Amount reclassified from AOCI	[1]	0
Tax effect	[1]	0
Net other comprehensive income (loss)	[1]	(10)	12
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance	[1]	$ 13	$ 8
[1]	Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSI_3

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Number of Operating Segments			2
Net operating revenues	$ 6,574	$ 4,721	$ 13,095	$ 7,966
Investment Management Services [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	6,574	4,721	13,095	7,966
Investment Management Services [Member] | U.S. Global Investors Funds [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	1,100	1,000	2,300	2,000
Investment Management Services [Member] | U.S. Global ETFs [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	$ 5,500	$ 3,600	$ 10,800	$ 5,900

FINANCIAL INFORMATION BY BUSI_4

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) - Schedule Details of Financial Information by Business Segment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net operating revenues	$ 6,574	$ 4,721	$ 13,095	$ 7,966
Investment income	1,579	20,702	1,545	21,700
Income (loss) from equity method investments	(48)	463	(33)	484
Other income	59	41	115	59
Income (loss) from continuing operations before income taxes	4,529	21,725	7,433	23,699
Depreciation and amortization	56	49	104	98
Gross identifiable assets	64,191		64,191
Deferred tax asset	0		0
Consolidated total assets	64,191		64,191		$ 62,277
Six months ended December 31, 2020
Gain on forgiveness of PPP loan	0	444	0	444
Investment Management Services [Member]
Segment Reporting Information [Line Items]
Net operating revenues	6,574	4,721	13,095	7,966
Investment income	0	0	0	0
Income (loss) from equity method investments	0	0	0	0
Other income	59	41	115	59
Income (loss) from continuing operations before income taxes	3,025	2,461	6,138	3,463
Depreciation and amortization	56	49	104	98
Gross identifiable assets	23,386		23,386
Six months ended December 31, 2020
Gain on forgiveness of PPP loan		444		444
Corporate Investments [Member]
Segment Reporting Information [Line Items]
Net operating revenues	0	0	0	0
Investment income	1,579	20,702	1,545	21,700
Income (loss) from equity method investments	(48)	463	(33)	484
Other income	0	0	0	0
Income (loss) from continuing operations before income taxes	1,504	19,264	1,295	20,236
Depreciation and amortization	0	0	0	0
Gross identifiable assets	$ 40,805		$ 40,805
Six months ended December 31, 2020
Gain on forgiveness of PPP loan		$ 0		$ 0

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Details) - Forecast [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / shares
Monthly Dividend Authorized [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Monthly Dividend Declared | $ / shares	$ 0.0075
Class A and C [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Amount of cash dividends to be paid to class A and C shareholders | $	$ 338

IMMATERIAL REVISIONS TO UNAUD_2

IMMATERIAL REVISIONS TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
IMMATERIAL REVISIONS TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Details) [Line Items]
Debt and Equity Securities, Unrealized Gain (Loss)			$ (2,462)	$ 6,460
Gain (Loss) on Extinguishment of Debt	$ 0	$ 444	$ 0	444
Revision of Prior Period, Reclassification, Adjustment [Member]
IMMATERIAL REVISIONS TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Details) [Line Items]
Debt and Equity Securities, Unrealized Gain (Loss)				$ 6,460