U.S. Global Investors (GROW) 10-Q 9 May 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2022	Apr. 29, 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	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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		12,917,072
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		2,068,549

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Current Assets
Cash and cash equivalents	$ 26,765	$ 14,436
Restricted cash	1,000	1,000
Investments in securities at fair value	6,171	6,322
Accounts and other receivables	2,146	2,534
Tax receivable	90	2,147
Prepaid expenses	482	350
Total Current Assets	36,654	26,789
Net Property and Equipment	1,424	1,376
Other Assets
Investments in equity securities at fair value, non-current	6,307	11,936
Investments in available-for-sale debt securities at fair value	12,706	17,049
Investments in held-to-maturity debt securities	1,000	1,000
Other investments	4,208	3,453
Equity method investments	0	532
Right of use assets	4	43
Other assets, non-current	212	99
Total Other Assets	24,437	34,112
Total Assets	62,515	62,277
Current Liabilities
Accounts payable	21	102
Accrued compensation and related costs	1,743	1,561
Dividends payable	338	226
Lease liability, short-term	4	43
Other accrued expenses	1,991	1,345
Taxes payable	717	1,877
Total Current Liabilities	4,814	5,154
Long-Term Liabilities
Deferred tax liability	507	2,799
Total Long-Term Liabilities	507	2,799
Total Liabilities	5,321	7,953
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Additional paid-in-capital	16,432	15,677
Treasury stock, class A shares at cost; 935,304 shares and 898,953 shares at March 31, 2022, and June 30, 2021, respectively	(2,388)	(2,172)
Accumulated comprehensive income, net of tax	4,797	6,587
Retained earnings	37,954	33,833
Total Shareholders’ Equity	57,194	54,324
Total Liabilities and Shareholders’ Equity	62,515	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	Mar. 31, 2022	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	12,931,609	12,967,960
Treasury stock, class A shares at cost; shares	935,304	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		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Operating Revenues
Revenues	$ 6,175	$ 6,355	$ 19,270	$ 14,321
Operating Expenses
Employee compensation and benefits	1,319	1,442	4,973	5,642
General and administrative	2,140	1,528	5,504	4,066
Advertising	138	44	305	162
Depreciation and amortization	61	49	165	147
	3,658	3,063	10,947	10,017
Operating Income	2,517	3,292	8,323	4,304
Other Income (Loss)
Investment income (loss)	(3,495)	8,424	(1,950)	30,124
Income (loss) from equity method investments	(173)	(64)	(206)	420
Gain on forgiveness of PPP loan	0	0	0	444
Other income	59	33	174	92
	(3,609)	8,393	(1,982)	31,080
Income (Loss) Before Income Taxes	(1,092)	11,685	6,341	35,384
Provision for Income Taxes
Tax expense (benefit)	(246)	3,078	1,207	8,172
Net Income (Loss)	$ (846)	$ 8,607	$ 5,134	$ 27,212
Net income (loss) (in Dollars per share)	$ (0.06)	$ 0.57	$ 0.34	$ 1.81
Net income (loss) (in Dollars per share)	$ (0.06)	$ 0.57	$ 0.34	$ 1.81
Basic weighted average number of common shares outstanding (in Shares)	15,010,630	15,061,818	15,020,920	15,075,064
Diluted weighted average number of common shares outstanding (in Shares)	15,011,582	15,062,988	15,021,943	15,075,795
Investment Advisory Services [Member]
Operating Revenues
Revenues	$ 6,129	$ 6,304	$ 19,124	$ 14,168
Administrative Service [Member]
Operating Revenues
Revenues	$ 46	$ 51	$ 146	$ 153

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS ) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (846)	$ 8,607	$ 5,134	$ 27,212
Other Comprehensive Income (Loss), Net of Tax:
Unrealized gains (losses) on available-for-sale securities arising during period	(141)	12,262	(428)	12,262
Less: reclassification adjustment for gains included in net income	(414)	(436)	(1,339)	(436)
Net change from available-for-sale securities, net of tax	(555)	11,826	(1,767)	11,826
Foreign currency translation adjustment	(3)	6	(13)	18
Less: reclassification adjustment for foreign currency gains included in net income	(10)	0	(10)	0
Net change from foreign currency translations	(13)	6	(23)	18
Other Comprehensive Income (Loss)	(568)	11,832	(1,790)	11,844
Comprehensive Income (Loss)	$ (1,414)	$ 20,439	$ 3,344	$ 39,056

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)		35,996
Other comprehensive income (loss), net of tax									11,844
Net income									27,212
Balance at Mar. 31, 2021	$ 347	$ (2,051)		$ 52		15,628	11,840	29,310	55,126
Balance (in Shares) at Mar. 31, 2021	13,866,913	883,326		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
Purchases of shares of Common Stock (class A)		$ (127)							(127)
Purchases of shares of Common Stock (class A) (in Shares)		19,900
Issuance of stock under ESPP shares of Common Stock (class A)		$ 1				1			2
Issuance of stock under ESPP shares of Common Stock (class A) (in Shares)		(227)
Dividends declared								(300)	(300)
Other comprehensive income (loss), net of tax							11,832		11,832
Net income								8,607	8,607
Balance at Mar. 31, 2021	$ 347	$ (2,051)		$ 52		15,628	11,840	29,310	55,126
Balance (in Shares) at Mar. 31, 2021	13,866,913	883,326		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)		43,591
Other comprehensive income (loss), net of tax									(1,790)
Net income									5,134
Balance at Mar. 31, 2022	$ 347	$ (2,388)		$ 52		16,432	4,797	37,954	57,194
Balance (in Shares) at Mar. 31, 2022	13,866,913	935,304	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		2,068,635
Purchases of shares of Common Stock (class A)		$ (97)							(97)
Purchases of shares of Common Stock (class A) (in Shares)		19,487
Issuance of stock under ESPP shares of Common Stock (class A)		$ 6				7			13
Issuance of stock under ESPP shares of Common Stock (class A) (in Shares)		(2,470)
Dividends declared								(337)	(337)
Other comprehensive income (loss), net of tax							(568)		(568)
Net income								(846)	(846)
Balance at Mar. 31, 2022	$ 347	$ (2,388)		$ 52		$ 16,432	$ 4,797	$ 37,954	$ 57,194
Balance (in Shares) at Mar. 31, 2022	13,866,913	935,304	13,866,913	2,068,635	2,068,635

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Flows from Operating Activities:
Net income	$ 5,134	$ 27,212
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization and accretion	(333)	(322)
Net recognized loss on disposal of fixed assets	0	7
Net realized gains on securities	(3,542)	(15,506)
Unrealized (gains) losses on securities	6,996	(13,676)
Investment basis adjustment	0	27
Net (income) loss from equity method investment	206	(420)
Foreign currency transaction gain	(10)	0
Provision for deferred taxes	(1,823)	2,753
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	2,445	(1,671)
Prepaid expenses and other assets	(206)	(117)
Accounts payable and accrued expenses	(452)	4,079
Total adjustments	4,014	(25,272)
Net cash provided by operating activities	9,148	1,940
Cash Flows from Investing Activities:
Purchase of property and equipment	(213)	(36)
Purchase of other investments	(573)	(665)
Purchase of held-to-maturity debt securities	0	(1,000)
Purchase of available-for-sale debt securities at fair value	0	(9,147)
Proceeds from sale of equity method investment	85	0
Proceeds from principal paydowns of available-for-sale debt securities at fair value	2,250	658
Net cash provided by investing activities	4,276	6,177
Cash Flows from Financing Activities:
Issuance of common stock	39	4
Repurchases of common stock	(233)	(189)
Dividends paid	(901)	(414)
Net cash used in financing activities	(1,095)	(599)
Net increase in cash, cash equivalents, and restricted cash	12,329	7,518
Beginning cash, cash equivalents, and restricted cash	15,436	2,961
Ending cash, cash equivalents, and restricted cash	27,765	10,479
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Dividends declared but not paid	338	226
Fair value of assets acquired	228	0
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	2,126	1,902
Equity securities at fair value noncurrent [Member]
Cash Flows from Investing Activities:
Purchase of equity securities at fair value, non-current	(123)	(5,988)
Proceeds on sale of equity securities at fair value, non-current	$ 2,850	$ 22,355

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Mar. 31, 2022
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 took various actions including the issuance of stay-at-home orders and social distancing guidelines, which caused some businesses to suspend operations, disrupted the global supply chain, and created a reduction in demand for many products. This 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 reoccur and 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 $7.0 million at March 31, 2022, 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. During the three and nine months ended March 31, 2021, and 2022, the Company held a variable interest in a fund organized as a limited partnership, but this entity did not qualify as a VIE. Since it was 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 did 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 had been accounted for under the equity method of accounting. As of March 31, 2022, this entity was dissolved. 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 nine months ended March 31, 2022, 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	9 Months Ended
	Mar. 31, 2022
Disclosure Text Block Supplement [Abstract]
Investments and Other Noncurrent Assets [Text Block]	NOTE 2. INVESTMENTS As of March 31, 2022, the Company held investments carried at fair value on a recurring basis of $25.2 million and a cost basis of $22.4 million. The fair value of these investments is approximately 40.3 percent of the Company’s total assets at March 31, 2022. In addition, the Company held other investments of approximately $4.2 million and held-to-maturity debt investments of $1.0 million. 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 tables summarize the major categories of investments with fair values adjusted on a recurring basis as of March 31, 2022, 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. March 31, 2022 Quoted Prices Significant Other Inputs Significant 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 $ 752 $ - $ 4,758 $ 5,510 Mutual funds - Fixed income 6,171 - - 6,171 Mutual funds - Global equity 797 - - 797 Total investments in equity securities: $ 7,720 $ - $ 4,758 $ 12,478 Investments in debt securities: Available-for-sale - Convertible debentures - - 12,706 12,706 Total investments carried at fair value on a recurring basis: $ 7,720 $ - $ 17,464 $ 25,184 Investments carried at fair value on a nonrecurring basis: Other investments 1 $ - $ - $ 362 $ 362 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 nine months ended March 31, 2022. These securities are classified as level 3 due to the infrequency of the observable price changes and/or restrictions on the shares. June 30, 2021 Quoted Prices Significant Other Inputs Significant 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 preceding tables is in investments in HIVE Blockchain Technologies Ltd. (“HIVE”), which consist of warrants and convertible debentures with a combined value of $17.5 million and classified as Level 3 at March 31, 2022, and a combined value of $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 nine months ended March 31, 2022. Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis March 31, 2022 (dollars in thousands) Investments in equity securities Investments in debt securities Beginning Balance $ 8,026 $ 17,049 Principal repayments - (2,250 ) Amortization of Premium - (255 ) Accretion of Discount - 754 Total gains or losses (realized/unrealized) included in: Investment Income (Loss) (3,268 ) (356 ) Other Comprehensive Income (Loss) - (2,236 ) Ending Balance $ 4,758 $ 12,706 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 $11.3 million as of March 31, 2022, 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 March 31, 2022, or June 30, 2021. The securities are subject to Canadian securities regulations. Frank Holmes serves on the board as executive chairman of HIVE and held shares and options at March 31, 2022. Effective August 31, 2018, Mr. Holmes was named Interim CEO and Interim Executive Chairman of HIVE. Effective December 22, 2020, Mr. Holmes became the 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 nine months ended March 31, 2022, $524,000 and $1.7 million, respectively, was realized in investment income (loss), and $4.0 million remains in accumulated other comprehensive income at March 31, 2022. During the three and nine months ended March 31, 2021, $552,000 was realized in investment income (loss). The fair value of the warrants and debentures was $4.8 million and $12.7 million, respectively, at March 31, 2022, and $8.0 million and $17.0 million, respectively, at June 30, 2021. The Company currently considers the fair value measurements of HIVE convertible securities to contain Level 3 inputs. The following is quantitative information as of March 31, 2022, with respect to the securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3). March 31, 2022 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in equity securities: Common share purchase warrants $ 4,758 Option pricing model Volatility 93.3 % Investments in debt securities: Available-for-sale - Convertible debentures $ 12,706 Binomial lattice model Volatility 72.7 % Credit Adjusted Discount Rate 3.6 % 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 nine months ended March 31, 2022, the Company realized gains on sales of this investment in the amount of $1.9 million. The Company did not have ownership of Thunderbird as of March 31, 2022. 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 March 31, 2022, and June 30, 2021. March 31, 2022 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,429 $ (919 ) $ 5,510 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 (142 ) 6,171 Mutual funds - Global equity 929 (132 ) 797 Total equity securities at fair value $ 13,716 $ (1,238 ) $ 12,478 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 $7.0 million and $7.3 million as of March 31, 2022, 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 March 31, 2022, and June 30, 2021. March 31, 2022 (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 $ 8,683 $ 6,073 $ (2,050 ) $ 12,706 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 March 31, 2022, and June 30, 2021. March 31, 2022 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures 1 $ 1,000 $ - $ (83 ) $ 917 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, and the fair value is classified as Level 2 according to the fair value hierarchy. The following summarizes the net carrying amount and estimated fair value of debt securities at March 31, 2022, by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers. March 31, 2022 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 $ 8,683 $ 1,000 Fair Value $ 12,706 $ 917 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 March 31, 2022, and June 30, 2021. The following table summarizes the fair values of embedded derivatives on the Consolidated Balance Sheet, categorized by risk exposure, at March 31, 2022, and June 30, 2021. March 31, 2022 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 $ 492 $ 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 nine months ended March 31, 2022, and 2021. Nine Months Ended March 31, 2022 Nine Months Ended March 31, 2021 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 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 $ (2,050 ) $ - $ (1,491 ) $ - 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 March 31, 2022, and 2021, 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. Nine Months Ended Three Months Ended March 31, March 31, (dollars in thousands) 2022 2021 2022 2021 Other Investments Carrying value $ 4,208 $ 2,940 $ 4,208 $ 2,940 Upward carrying value changes 187 1,156 187 1,156 Downward carrying value changes/impairment - (164 ) - (41 ) 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 $2.5 million since their respective acquisitions through March 31, 2022. 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 March 31, 2022. The Company has an investment in The Sonar Company (“Sonar”), a company headquartered in the United States, at a cost of $175,000. The investment had a carrying value of approximately $362,000 and $100,000 at March 31, 2022, and June 30, 2021, respectively. During the three months ended March 31, 2022, the Company purchased additional common shares, resulting in an observable price change and upward adjustment for the existing common shares held of approximately $187,000, using the measurement alternative. Roy D. Terracina, Director and Vice Chairman of the Board of Directors for U.S. Global, has served as the CEO of Sonar since July 2021, and the Company’s ownership of Sonar was approximately 3.7 percent as of March 31, 2022. Investments Classified as Equity Method The Company had an equity method investment in Galileo New Economy Fund LP during the fiscal year 2021, and through its dissolution date, which occurred during the third quarter of fiscal 2022. The Company owned approximately 22 percent of the LP prior to dissolution, and the Company was considered to have the ability to exercise significant influence. Thus, the investment was accounted for under the equity method of accounting. Included in other income (loss) for the three and nine months ended March 31, 2022, is ($173,000) and ($206,000), respectively, for this investment. Included in other income (loss) for the three and nine months ended March 31, 2021, is ($64,000) and $420,000 respectively, for this investment. The Company’s investment in the LP had a carrying value of approximately $532,000 at June 30, 2021. Upon dissolution, the Company received a distribution, which included cash of $85,000, and common shares of an investment held in the LP, which had a fair value of approximately $228,000 when received. Frank Holmes also directly held an investment in the LP and received dissolution proceeds related to his direct investment. Investment Income (Loss) Investment income (loss) 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; ● impairments and observable price changes on equity investments without readily determinable fair values; ● dividend and interest income; and ● realized foreign currency gains and losses. The following summarizes investment income (loss) reflected in earnings for the periods presented. Nine Months Ended Three Months Ended (dollars in thousands) March 31, March 31, Investment Income (Loss) 2022 2021 2022 2021 Realized gains (losses) on equity securities $ 1,848 $ 15,606 $ (5 ) $ 563 Realized gains (losses) on debt securities 1,694 552 524 552 Unrealized gains (losses) on equity securities (4,946 ) 13,575 (3,044 ) 7,115 Unrealized gains (losses) on embedded derivatives (2,050 ) - (1,491 ) - Dividend and interest income 1,545 227 441 206 Realized foreign currency gains (losses) (41 ) 164 80 (12 ) Total Investment Income (Loss) $ (1,950 ) $ 30,124 $ (3,495 ) $ 8,424 For the three and nine months ended March 31, 2022, realized gains on principal payment proceeds in the amount of $524,000 and $1.7 million, respectively, and net realized foreign currency gains (losses) of ($10,000), was released from other comprehensive income (loss). For the three and nine months ended March 31, 2021, realized gains on principal payment proceeds in the amount of $552,000 was released from other comprehensive income (loss). The following table presents unrealized gains and losses recognized on equity investments held as of the end of each three and nine months ended March 31, 2022, and 2021. Nine Months Ended Three Months Ended March 31, March 31, (dollars in thousands) 2022 2021 2022 2021 Net gains (losses) recognized during the period on equity securities $ (3,098 ) $ 29,181 $ (3,049 ) $ 7,678 Less: Net gains (losses) recognized during the period on equity securities sold during the period (179 ) (18,837 ) 5 (532 ) Net unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date 1 $ (3,277 ) $ 10,344 $ (3,044 ) $ 7,146 1. Includes $187,000 for the three and nine months ended March 31, 2022, and $1.1 million and $1.0 million for the three and nine months ended March 31, 2021, respectively, of net gains (losses) as a result of the measurement alternative. Investment income (loss) can be volatile and varies depending on market fluctuations, the Company’s ability to participate in investment opportunities, and timing of transactions. The Company expects that gains and losses will continue to fluctuate in the future.

INVESTMENT MANAGEMENT AND OTHER

INVESTMENT MANAGEMENT AND OTHER FEES	9 Months Ended
	Mar. 31, 2022
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. Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2022 2021 2022 2021 ETF advisory fees $ 16,140 $ 11,107 $ 5,372 $ 5,170 USGIF advisory fees 2,775 2,781 877 978 USGIF performance fees earned (paid) 209 280 (120 ) 156 Total Advisory Fees 19,124 14,168 6,129 6,304 USGIF administrative services fees 146 153 46 51 Total Operating Revenue $ 19,270 $ 14,321 $ 6,175 $ 6,355 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 2023. 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 $147,000 and $465,000 for the three and nine months ended March 31, 2022, respectively, compared with $153,000 and $554,000, 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 three U.S.-based exchange-traded funds (ETFs): U.S. Global Jets ETF (ticker JETS), U.S. Global GO GOLD and Precious Metal Miners ETF (ticker GOAU), and U.S. Global Sea to Sky Cargo ETF (ticker SEA). The Company receives a unitary management fee of 0.60 percent of average net assets of the ETFs, and has agreed to bear all expenses of the ETFs, except the U.S. Global Sea to Sky Cargo ETF. The Company has agreed to contractually limit the expenses of the U.S. Global Sea to Sky Cargo ETF through April 2023. 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 March 31, 2022, the Company had $2.0 million in receivables from fund clients, of which $246,000 was from USGIF and $1.8 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	9 Months Ended
	Mar. 31, 2022
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) March 31, 2022 June 30, 2021 Cash and cash equivalents $ 26,765 $ 14,436 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 27,765 $ 15,436

LEASES

LEASES	9 Months Ended
	Mar. 31, 2022
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 $41,000 and $130,000 for the three and nine months ended March 31, 2022, and $39,000 and $116,000 for the three and nine months ended March 31, 2021, respectively. The following table presents the components of lease expense included in general and administrative expense on the Consolidated Statements of Operations and additional qualitative information concerning the Company’s operating leases. Nine Months Ending Three Months Ending March 31, March 31, (dollars in thousands) 2022 2021 2022 2021 Operating lease cost $ 40 $ 40 $ 13 $ 13 Short-term lease cost 90 76 28 26 Total lease cost $ 130 $ 116 $ 41 $ 39 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 40 $ 40 $ 13 $ 13 Weighted-average remaining lease term (in years) 0.08 1.08 Weighted-average discount rate 4.11 % 4.11 % The following table presents the maturities of lease liabilities from continuing operations as of March 31, 2022. (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the nine months ended March 31, 2022) $ 4 Total lease payments 4 Less imputed interest - Total $ 4 The Company is the lessor of certain areas of its owned office building under operating leases expiring in various months through fiscal year 2025. At the commencement of an operating lease, no income is recognized; subsequently, lease payments received are recognized on a straight-line basis. Lease income included in other income on the Consolidated Statements of Operations for the three and nine months ended March 31, 2022, was $29,000 and $84,000, respectively. Lease income included in other income on the Consolidated Statements of Operations for the three and nine months ended March 31, 2021, was $23,000 and $69,000, respectively. The cost of obtaining lessor contracts, which is included in other assets on the Consolidated Balance Sheets, was $10,000 and $4,000 at March 31, 2022, and June 30, 2021, respectively. The following is a summary analysis of annual undiscounted cash flows to be received on leases as of March 31, 2022. (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the nine months ended March 31, 2022) $ 19 2023 75 2024 42 2025 36 Thereafter - Total lease payments $ 172 The Company may terminate the building leases with one hundred eighty days written notice if it sells the property. If the Company terminates the lease, the Company will pay the tenant a termination fee of the lesser of six months of the base monthly rent or the base monthly rent times the number of months remaining in the initial term.

BORROWINGS

BORROWINGS	9 Months Ended
	Mar. 31, 2022
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 March 31, 2022, 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 March 31, 2022, 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 March 31, 2022, or June 30, 2021.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Mar. 31, 2022
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 March 2022. In March 2022, the Board authorized the continuance of the monthly dividend of $0.0075 per share from April through June 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 $5.0 million of its outstanding common shares, as market and business conditions warrant, on the open market in compliance with Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934. 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 Company announced on February 25, 2022, that the Board of Directors of the Company approved an increase to the limit of its annual share buyback program from $2.75 million to $5.0 million. The acquired shares may be used for corporate purposes, including shares issued to employees in the Company’s stock-based compensation programs. For the three and nine months ended March 31, 2022, the Company repurchased 19,487 and 43,591 class A shares using cash of $97,000 and $233,000, respectively. For the three and nine months ended March 31, 2021, the Company repurchased 19,900 and 35,996 class A shares using cash of $127,000 and $189,000, respectively. 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 March 31, 2022, 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 March 31, 2021, 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 three and nine months ended March 31, 2022, or 2021. 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 nine months ended March 31, 2022, $733,000 was recognized as compensation expense. There was no stock-based compensation expense for the three months ended March 31, 2022, or for the three and nine months ended March 31, 2021. As of March 31, 2022, and 2021, there was no unrecognized share-based compensation cost related to share-based awards granted under the plans.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Mar. 31, 2022
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. Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands, except per share data) 2022 2021 2022 2021 Net Income (Loss) $ 5,134 $ 27,212 $ (846 ) $ 8,607 Weighted average number of outstanding shares Basic 15,020,920 15,075,064 15,010,630 15,061,818 Effect of dilutive securities Stock options 1,023 731 952 1,170 Diluted 15,021,943 15,075,795 15,011,582 15,062,988 Earnings Per Share Basic Net Income (Loss) per share $ 0.34 $ 1.81 $ (0.06 ) $ 0.57 Diluted Net Income (Loss) per share $ 0.34 $ 1.81 $ (0.06 ) $ 0.57 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 nine months ended March 31, 2022, employee stock options for 231,000 were excluded from diluted EPS. For the three and nine months ended March 31, 2021, no employee stock options were excluded from diluted EPS. During the three and nine months ended March 31, 2022, and 2021, the Company repurchased class A shares on the open market. Upon repurchase, these shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Mar. 31, 2022
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 March 31, 2022, 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 March 31, 2022, or June 30, 2021.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Mar. 31, 2022
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 Nine Months Ended March 31, 2022 Balance at June 30, 2021 $ 6,564 $ 23 $ 6,587 Other comprehensive loss before reclassifications (542 ) (13 ) (555 ) Tax effect 114 - 114 Amount reclassified from AOCI (1,694 ) (10 ) (1,704 ) Tax effect 355 - 355 Net other comprehensive loss (1,767 ) (23 ) (1,790 ) Balance at March 31, 2022 $ 4,797 $ - $ 4,797 Nine Months Ended March 31, 2021 Balance at June 30, 2020 $ - $ (4 ) $ (4 ) Other comprehensive income before reclassifications 15,522 18 15,540 Tax effect (3,260 ) - (3,260 ) Amount reclassified from AOCI (552 ) - (552 ) Tax effect 116 - 116 Net other comprehensive income 11,826 18 11,844 Balance at March 31, 2021 $ 11,826 $ 14 $ 11,840 1. Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSINE

FINANCIAL INFORMATION BY BUSINESS SEGMENT	9 Months Ended
	Mar. 31, 2022
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 gross identifiable assets, total revenues, and income by business segment. (dollars in thousands) Investment Management Services Corporate Investments Consolidated Nine months ended March 31, 2022 Net operating revenues $ 19,270 $ - $ 19,270 Investment loss $ - $ (1,950 ) $ (1,950 ) Loss from equity method investments $ - $ (206 ) $ (206 ) Other income $ 174 $ - $ 174 Income (loss) before income taxes $ 8,750 $ (2,409 ) $ 6,341 Depreciation and amortization $ 165 $ - $ 165 Gross identifiable assets at March 31, 2022 $ 27,652 $ 34,863 $ 62,515 Nine months ended March 31, 2021 Net operating revenues $ 14,321 $ - $ 14,321 Investment income $ - $ 30,124 $ 30,124 Income from equity method investments $ - $ 420 $ 420 Gain on forgiveness of PPP loan $ 444 $ - $ 444 Other income $ 92 $ - $ 92 Income before income taxes $ 6,842 $ 28,542 $ 35,384 Depreciation and amortization $ 147 $ - $ 147 Gross identifiable assets at March 31, 2021 $ 11,530 $ 55,292 $ 66,822 Three months ended March 31, 2022 Net operating revenues $ 6,175 $ - $ 6,175 Investment loss $ - $ (3,495 ) $ (3,495 ) Loss from equity method investments $ - $ (173 ) $ (173 ) Other income $ 59 $ - $ 59 Income (loss) before income taxes $ 2,612 $ (3,704 ) $ (1,092 ) Depreciation and amortization $ 61 $ - $ 61 Three months ended March 31, 2021 Net operating revenues $ 6,355 $ - $ 6,355 Investment income $ - $ 8,424 $ 8,424 Loss from equity method investments $ - $ (64 ) $ (64 ) Other income $ 33 $ - $ 33 Income before income taxes $ 3,379 $ 8,306 $ 11,685 Depreciation and amortization $ 49 $ - $ 49 Net operating revenues from investment management services includes operating revenues from USGIF of $803,000 and $3.1 million for the three and nine months ended March 31, 2022, respectively, and $1.2 million and $3.2 million for the three and nine months ended March 31, 2021, respectively. Net operating revenues from investment management services also include operating revenues from ETF clients of $5.4 million and $16.1 million for the three and nine months ended March 31, 2022, respectively, $5.2 million and $11.1 million for the three and nine months ended March 31, 2021, respectively.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	9 Months Ended
	Mar. 31, 2022
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 June 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 April to June 2022 is approximately $338,000. The COVID-19 pandemic and the resulting actions to control or slow the spread had an adverse effect on 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 in the future. Should this emerging macro-economic risk reoccur and continue for an extended period, there could be an adverse material financial impact to our business and investments, including a material reduction in our results of operations.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Mar. 31, 2022
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 took various actions including the issuance of stay-at-home orders and social distancing guidelines, which caused some businesses to suspend operations, disrupted the global supply chain, and created a reduction in demand for many products. This 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 reoccur and 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 $7.0 million at March 31, 2022, 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. During the three and nine months ended March 31, 2021, and 2022, the Company held a variable interest in a fund organized as a limited partnership, but this entity did not qualify as a VIE. Since it was 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 did 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 had been accounted for under the equity method of accounting. As of March 31, 2022, this entity was dissolved. 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 nine months ended March 31, 2022, 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)	9 Months Ended
	Mar. 31, 2022
INVESTMENTS (Tables) [Line Items]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	The following tables summarize the major categories of investments with fair values adjusted on a recurring basis as of March 31, 2022, 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. March 31, 2022 Quoted Prices Significant Other Inputs Significant 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 $ 752 $ - $ 4,758 $ 5,510 Mutual funds - Fixed income 6,171 - - 6,171 Mutual funds - Global equity 797 - - 797 Total investments in equity securities: $ 7,720 $ - $ 4,758 $ 12,478 Investments in debt securities: Available-for-sale - Convertible debentures - - 12,706 12,706 Total investments carried at fair value on a recurring basis: $ 7,720 $ - $ 17,464 $ 25,184 Investments carried at fair value on a nonrecurring basis: Other investments 1 $ - $ - $ 362 $ 362 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 nine months ended March 31, 2022. These securities are classified as level 3 due to the infrequency of the observable price changes and/or restrictions on the shares. June 30, 2021 Quoted Prices Significant Other Inputs Significant 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 nine months ended March 31, 2022. Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis March 31, 2022 (dollars in thousands) Investments in equity securities Investments in debt securities Beginning Balance $ 8,026 $ 17,049 Principal repayments - (2,250 ) Amortization of Premium - (255 ) Accretion of Discount - 754 Total gains or losses (realized/unrealized) included in: Investment Income (Loss) (3,268 ) (356 ) Other Comprehensive Income (Loss) - (2,236 ) Ending Balance $ 4,758 $ 12,706
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	The Company currently considers the fair value measurements of HIVE convertible securities to contain Level 3 inputs. The following is quantitative information as of March 31, 2022, with respect to the securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3). March 31, 2022 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in equity securities: Common share purchase warrants $ 4,758 Option pricing model Volatility 93.3 % Investments in debt securities: Available-for-sale - Convertible debentures $ 12,706 Binomial lattice model Volatility 72.7 % Credit Adjusted Discount Rate 3.6 %
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 March 31, 2022, and June 30, 2021. March 31, 2022 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,429 $ (919 ) $ 5,510 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 6,313 (142 ) 6,171 Mutual funds - Global equity 929 (132 ) 797 Total equity securities at fair value $ 13,716 $ (1,238 ) $ 12,478 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 March 31, 2022, and June 30, 2021. March 31, 2022 (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 $ 8,683 $ 6,073 $ (2,050 ) $ 12,706 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. March 31, 2022 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures 1 $ 1,000 $ - $ (83 ) $ 917 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, and the fair value is classified as Level 2 according to the fair value hierarchy.
Investments Classified by Contractual Maturity Date [Table Text Block]	The following summarizes the net carrying amount and estimated fair value of debt securities at March 31, 2022, by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers. March 31, 2022 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 $ 8,683 $ 1,000 Fair Value $ 12,706 $ 917 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 March 31, 2022, and 2021, 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. Nine Months Ended Three Months Ended March 31, March 31, (dollars in thousands) 2022 2021 2022 2021 Other Investments Carrying value $ 4,208 $ 2,940 $ 4,208 $ 2,940 Upward carrying value changes 187 1,156 187 1,156 Downward carrying value changes/impairment - (164 ) - (41 )
Gain (Loss) on Securities [Table Text Block]	The following summarizes investment income (loss) reflected in earnings for the periods presented. Nine Months Ended Three Months Ended (dollars in thousands) March 31, March 31, Investment Income (Loss) 2022 2021 2022 2021 Realized gains (losses) on equity securities $ 1,848 $ 15,606 $ (5 ) $ 563 Realized gains (losses) on debt securities 1,694 552 524 552 Unrealized gains (losses) on equity securities (4,946 ) 13,575 (3,044 ) 7,115 Unrealized gains (losses) on embedded derivatives (2,050 ) - (1,491 ) - Dividend and interest income 1,545 227 441 206 Realized foreign currency gains (losses) (41 ) 164 80 (12 ) Total Investment Income (Loss) $ (1,950 ) $ 30,124 $ (3,495 ) $ 8,424
Unrealized Gain (Loss) on Investments [Table Text Block]	The following table presents unrealized gains and losses recognized on equity investments held as of the end of each three and nine months ended March 31, 2022, and 2021. Nine Months Ended Three Months Ended March 31, March 31, (dollars in thousands) 2022 2021 2022 2021 Net gains (losses) recognized during the period on equity securities $ (3,098 ) $ 29,181 $ (3,049 ) $ 7,678 Less: Net gains (losses) recognized during the period on equity securities sold during the period (179 ) (18,837 ) 5 (532 ) Net unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date 1 $ (3,277 ) $ 10,344 $ (3,044 ) $ 7,146 1. Includes $187,000 for the three and nine months ended March 31, 2022, and $1.1 million and $1.0 million for the three and nine months ended March 31, 2021, respectively, of net gains (losses) as a result of the measurement alternative.
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 March 31, 2022, and June 30, 2021. March 31, 2022 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 $ 492 $ 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 nine months ended March 31, 2022, and 2021. Nine Months Ended March 31, 2022 Nine Months Ended March 31, 2021 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 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 $ (2,050 ) $ - $ (1,491 ) $ -

INVESTMENT MANAGEMENT AND OTH_2

INVESTMENT MANAGEMENT AND OTHER FEES (Tables)	9 Months Ended
	Mar. 31, 2022
Investment Management and Other Fees [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents operating revenues disaggregated by performance obligation. Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands) 2022 2021 2022 2021 ETF advisory fees $ 16,140 $ 11,107 $ 5,372 $ 5,170 USGIF advisory fees 2,775 2,781 877 978 USGIF performance fees earned (paid) 209 280 (120 ) 156 Total Advisory Fees 19,124 14,168 6,129 6,304 USGIF administrative services fees 146 153 46 51 Total Operating Revenue $ 19,270 $ 14,321 $ 6,175 $ 6,355

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	9 Months Ended
	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
Restrictions on Cash and Cash Equivalents [Table Text Block]	Restricted cash represents cash invested in a money market account as collateral for credit facilities that is not available for general corporate use. A reconciliation of cash, cash equivalents, and restricted cash reported from the consolidated balance sheets to the statements of cash flows is shown below. (dollars in thousands) March 31, 2022 June 30, 2021 Cash and cash equivalents $ 26,765 $ 14,436 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 27,765 $ 15,436

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Mar. 31, 2022
Disclosure Text Block Supplement [Abstract]
Lease, Cost [Table Text Block]	The following table presents the components of lease expense included in general and administrative expense on the Consolidated Statements of Operations and additional qualitative information concerning the Company’s operating leases. Nine Months Ending Three Months Ending March 31, March 31, (dollars in thousands) 2022 2021 2022 2021 Operating lease cost $ 40 $ 40 $ 13 $ 13 Short-term lease cost 90 76 28 26 Total lease cost $ 130 $ 116 $ 41 $ 39 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 40 $ 40 $ 13 $ 13 Weighted-average remaining lease term (in years) 0.08 1.08 Weighted-average discount rate 4.11 % 4.11 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table presents the maturities of lease liabilities from continuing operations as of March 31, 2022. (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the nine months ended March 31, 2022) $ 4 Total lease payments 4 Less imputed interest - Total $ 4
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]	The following is a summary analysis of annual undiscounted cash flows to be received on leases as of March 31, 2022. (dollars in thousands) Fiscal Year Operating Leases 2022 (excluding the nine months ended March 31, 2022) $ 19 2023 75 2024 42 2025 36 Thereafter - Total lease payments $ 172

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation for basic and diluted EPS. Nine Months Ended March 31, Three Months Ended March 31, (dollars in thousands, except per share data) 2022 2021 2022 2021 Net Income (Loss) $ 5,134 $ 27,212 $ (846 ) $ 8,607 Weighted average number of outstanding shares Basic 15,020,920 15,075,064 15,010,630 15,061,818 Effect of dilutive securities Stock options 1,023 731 952 1,170 Diluted 15,021,943 15,075,795 15,011,582 15,062,988 Earnings Per Share Basic Net Income (Loss) per share $ 0.34 $ 1.81 $ (0.06 ) $ 0.57 Diluted Net Income (Loss) per share $ 0.34 $ 1.81 $ (0.06 ) $ 0.57

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Mar. 31, 2022
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 Nine Months Ended March 31, 2022 Balance at June 30, 2021 $ 6,564 $ 23 $ 6,587 Other comprehensive loss before reclassifications (542 ) (13 ) (555 ) Tax effect 114 - 114 Amount reclassified from AOCI (1,694 ) (10 ) (1,704 ) Tax effect 355 - 355 Net other comprehensive loss (1,767 ) (23 ) (1,790 ) Balance at March 31, 2022 $ 4,797 $ - $ 4,797 Nine Months Ended March 31, 2021 Balance at June 30, 2020 $ - $ (4 ) $ (4 ) Other comprehensive income before reclassifications 15,522 18 15,540 Tax effect (3,260 ) - (3,260 ) Amount reclassified from AOCI (552 ) - (552 ) Tax effect 116 - 116 Net other comprehensive income 11,826 18 11,844 Balance at March 31, 2021 $ 11,826 $ 14 $ 11,840 1. Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSI_2

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)	9 Months Ended
	Mar. 31, 2022
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 gross identifiable assets, total revenues, and income by business segment. (dollars in thousands) Investment Management Services Corporate Investments Consolidated Nine months ended March 31, 2022 Net operating revenues $ 19,270 $ - $ 19,270 Investment loss $ - $ (1,950 ) $ (1,950 ) Loss from equity method investments $ - $ (206 ) $ (206 ) Other income $ 174 $ - $ 174 Income (loss) before income taxes $ 8,750 $ (2,409 ) $ 6,341 Depreciation and amortization $ 165 $ - $ 165 Gross identifiable assets at March 31, 2022 $ 27,652 $ 34,863 $ 62,515 Nine months ended March 31, 2021 Net operating revenues $ 14,321 $ - $ 14,321 Investment income $ - $ 30,124 $ 30,124 Income from equity method investments $ - $ 420 $ 420 Gain on forgiveness of PPP loan $ 444 $ - $ 444 Other income $ 92 $ - $ 92 Income before income taxes $ 6,842 $ 28,542 $ 35,384 Depreciation and amortization $ 147 $ - $ 147 Gross identifiable assets at March 31, 2021 $ 11,530 $ 55,292 $ 66,822 Three months ended March 31, 2022 Net operating revenues $ 6,175 $ - $ 6,175 Investment loss $ - $ (3,495 ) $ (3,495 ) Loss from equity method investments $ - $ (173 ) $ (173 ) Other income $ 59 $ - $ 59 Income (loss) before income taxes $ 2,612 $ (3,704 ) $ (1,092 ) Depreciation and amortization $ 61 $ - $ 61 Three months ended March 31, 2021 Net operating revenues $ 6,355 $ - $ 6,355 Investment income $ - $ 8,424 $ 8,424 Loss from equity method investments $ - $ (64 ) $ (64 ) Other income $ 33 $ - $ 33 Income before income taxes $ 3,379 $ 8,306 $ 11,685 Depreciation and amortization $ 49 $ - $ 49

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Millions	Mar. 31, 2022	Jun. 30, 2021
Variable Interest Entity, Not Primary Beneficiary [Member]
BASIS OF PRESENTATION (Details) [Line Items]
Net Assets	$ 7	$ 7.3

INVESTMENTS (Details)

INVESTMENTS (Details) $ / shares in Units, $ in Thousands, shares in Millions		Jan. 12, 2021USD ($)	Mar. 31, 2022USD ($)$ / shares	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)$ / shares	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)$ / shares	Mar. 31, 2022$ / shares	Jun. 30, 2021USD ($)shares
INVESTMENTS (Details) [Line Items]
Securities, Fair Value			$ 25,184		$ 25,184		$ 25,184		$ 35,307
Investments, Current and Noncurrent, Cost			$ 22,400		$ 22,400		$ 22,400
Market value of investments to Company's total assets			40.30%		40.30%		40.30%
Other investments			$ 4,208		$ 4,208		$ 4,208		3,453
Debt Securities, Held-to-Maturity, Fair Value, Noncurrent			1,000		1,000		1,000
Debt Securities, Available-for-Sale, Maturity, without Single Maturity Date, Fair Value			12,706		12,706		12,706
Realized Gain (Loss) on Principal Payment Proceeds			524	$ 552	1,694	$ 552
Equity Securities without Readily Determinable Fair Value, Amount			4,208	2,940	4,208	2,940	4,208		3,500
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount			2,500		2,500		2,500
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount			1,500		1,500		1,500
Other Investments	[1]		362		362		362		2,554
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount			187	1,156	187	1,156
Income (Loss) from Equity Method Investments			(173)	(64)	(206)	420
Equity Method Investments			0		0		0		532
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax			10	0	10	0
Equity Securities Without Readily Determinable Fair Values Unrealized Gain (Loss)			187	1,100	(187)	1,000
Fair Value, Inputs, Level 3 [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value			17,464		17,464		17,464		25,075
Other Investments	[1]		362		362		362		2,554
Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value			7,720		7,720		7,720		10,097
Other Investments	[1]		0		0		0		0
HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Fair Value, Inputs, Level 3 [Member] | Warrants and Convertible Debt [Member]
INVESTMENTS (Details) [Line Items]
Securities, Fair Value			17,500		17,500		$ 17,500		25,100
Galileo New Economy Fund LP [Member]
INVESTMENTS (Details) [Line Items]
Income (Loss) from Equity Method Investments			(173)	(64)	(206)	$ 420
Equity Method Investments									532
Galileo New Economy Fund LP [Member] | Maximum [Member]
INVESTMENTS (Details) [Line Items]
Equity Method Investment, Ownership Percentage							22.00%
Galileo New Economy Fund LP [Member] | Cash [Member]
INVESTMENTS (Details) [Line Items]
Proceeds from Equity Method Investment, Distribution, Return of Capital			85
Galileo New Economy Fund LP [Member] | Common Shares [Member]
INVESTMENTS (Details) [Line Items]
Proceeds from Equity Method Investment, Distribution, Return of Capital			228
Securities Investment [Member] | HIVE Blockchain Technologies Ltd. ("HIVE") [Member]
INVESTMENTS (Details) [Line Items]
Investment Owned, at Cost		$ 15,000
Debt Securities [Member]
INVESTMENTS (Details) [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value			$ 12,706		$ 12,706		$ 12,706		$ 17,049
Debt Securities [Member] | HIVE Blockchain Technologies Ltd. ("HIVE") [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			$ 11,300		$ 11,300		$ 11,300		$ 14,300
Debt Securities, Available-for-Sale, Unrealized Gain		6,900
Realized Gain (Loss) on Principal Payment Proceeds			524	$ 552	1,700
Debt Securities, Available-for-Sale, Unrealized Gain (Loss)					4,000
Debt Securities [Member] | HIVE Blockchain Technologies Ltd. ("HIVE") [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
Equity Securities [Member]
INVESTMENTS (Details) [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value			4,758		$ 4,758		4,758		$ 8,026
Equity Securities [Member] | HIVE Blockchain Technologies Ltd. ("HIVE") [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
Equity Securities [Member] | HIVE Blockchain Technologies Ltd. ("HIVE") [Member] | Fair Value, Inputs, Level 3 [Member] | Warrant [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Cost		$ 5,900
Equity Securities [Member] | Thunderbird Entertainment Group [Member] | Fair Value, Inputs, Level 1 [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Current									$ 2,700
Equity Securities, FV-NI, Realized Gain					$ 1,900
U.S. Global Investors Funds [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities, FV-NI, Current			7,000		7,000		7,000		7,300
Other Investments [Member] | The Sonar Company (“Sonar”) [Member]
INVESTMENTS (Details) [Line Items]
Equity Securities without Readily Determinable Fair Value, Amount			362		362		362
Other Investments and Securities, at Cost			175		$ 175		$ 175
Other Investments									$ 100
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount			$ 187
Equity Method Investment, Ownership Percentage			3.70%
[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 Va

INVESTMENTS (Details) - Fair Value, Assets Measured on Recurring and Nonrecurring Basis - USD ($) $ in Thousands		Mar. 31, 2022	Jun. 30, 2021
Investments in equity securities:
Equity securities fair value		$ 12,478	$ 18,258
Investments in debt securities:
Debt securities fair value		8,683
Total investments carried at fair value on a recurring basis:		25,184	35,307
Investments carried at fair value on a nonrecurring basis:
Other investments	[1]	362	2,554
Equity Securities International [Member]
Investments in equity securities:
Equity securities fair value		5,510	10,998
Mutual Funds - Fixed Income [Member]
Investments in equity securities:
Equity securities fair value		6,171	6,322
Mutual Funds Global Equity [Member]
Investments in equity securities:
Equity securities fair value		797	938
Corporate Debt Securities [Member] | Available-for-Sale Securities [Member]
Investments in debt securities:
Debt securities fair value		12,706	17,049
Fair Value, Inputs, Level 1 [Member]
Investments in equity securities:
Equity securities fair value		7,720	10,097
Investments in debt securities:
Total investments carried at fair value on a recurring basis:		7,720	10,097
Investments carried at fair value on a nonrecurring basis:
Other investments	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Equity Securities International [Member]
Investments in equity securities:
Equity securities fair value		752	2,837
Fair Value, Inputs, Level 1 [Member] | Mutual Funds - Fixed Income [Member]
Investments in equity securities:
Equity securities fair value		6,171	6,322
Fair Value, Inputs, Level 1 [Member] | Mutual Funds Global Equity [Member]
Investments in equity securities:
Equity securities fair value		797	938
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Available-for-Sale Securities [Member]
Investments in debt securities:
Debt securities fair value		0	0
Fair Value, Inputs, Level 2 [Member]
Investments in equity securities:
Equity securities fair value		0	135
Investments in debt securities:
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	0
Fair Value, Inputs, Level 2 [Member] | Equity Securities International [Member]
Investments in equity securities:
Equity securities fair value		0	135
Fair Value, Inputs, Level 2 [Member] | Mutual Funds - Fixed Income [Member]
Investments in equity securities:
Equity securities fair value		0	0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds Global Equity [Member]
Investments in equity securities:
Equity securities fair value		0	0
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Available-for-Sale Securities [Member]
Investments in debt securities:
Debt securities fair value		0	0
Fair Value, Inputs, Level 3 [Member]
Investments in equity securities:
Equity securities fair value		4,758	8,026
Investments in debt securities:
Total investments carried at fair value on a recurring basis:		17,464	25,075
Investments carried at fair value on a nonrecurring basis:
Other investments	[1]	362	2,554
Fair Value, Inputs, Level 3 [Member] | Equity Securities International [Member]
Investments in equity securities:
Equity securities fair value		4,758	8,026
Fair Value, Inputs, Level 3 [Member] | Mutual Funds - Fixed Income [Member]
Investments in equity securities:
Equity securities fair value		0	0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds Global Equity [Member]
Investments in equity securities:
Equity securities fair value		0	0
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | Available-for-Sale Securities [Member]
Investments in debt securities:
Debt securities fair value		$ 12,706	$ 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	9 Months Ended
	Mar. 31, 2022USD ($)
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 8,026
Ending Balance	4,758
Principal repayments	0
Amortization of Premium	0
Accretion of Discount	0
Total gains or losses (realized/unrealized) included in:
Earnings (investment income)	(3,268)
Other Comprehensive Income	0
Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	17,049
Ending Balance	12,706
Principal repayments	(2,250)
Amortization of Premium	(255)
Accretion of Discount	754
Total gains or losses (realized/unrealized) included in:
Earnings (investment income)	(356)
Other Comprehensive Income	$ (2,236)

INVESTMENTS (Details) - Fair _3

INVESTMENTS (Details) - Fair Value Measurement Inputs and Valuation Techniques $ in Thousands	9 Months Ended
	Mar. 31, 2022USD ($)
Equity Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 4,758
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	0.933
Debt Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Principal Valuation Techniques	Binomial lattice model
Fair Value	$ 12,706
Debt Securities [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	Volatility
Unobservable Inputs	0.727
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	0.036

INVESTMENTS (Details) - Compone

INVESTMENTS (Details) - Components of Company's Equity Securities Measured at Fair Value - Equity Securities [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Equities International [Member]
Equity securities at fair value
Securities, Cost	$ 6,429	$ 7,076
Securities, Unrealized Gains (Losses)	(919)	3,922
Securities, Fair Value	5,510	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)	(142)	9
Securities, Fair Value	6,171	6,322
Mutual Funds Global Equity [Member]
Equity securities at fair value
Securities, Cost	929	929
Securities, Unrealized Gains (Losses)	(132)	9
Securities, Fair Value	797	938
Equity Securities [Member]
Equity securities at fair value
Securities, Cost	13,716	14,363
Securities, Unrealized Gains (Losses)	(1,238)	3,895
Securities, Fair Value	$ 12,478	$ 18,258

INVESTMENTS (Details) - Debt Se

INVESTMENTS (Details) - Debt Securities, Available-for-sale and Held-to-Maturity - Corporate Debt Securities [Member] - USD ($) $ in Thousands		Mar. 31, 2022	Jun. 30, 2021
Available-for-Sale Securities [Member]
INVESTMENTS (Details) - Debt Securities, Available-for-sale and Held-to-Maturity [Line Items]
Amortized Cost	[1]	$ 8,683	$ 8,741
Gross Unrealized Gains in Other Comprehensive Income	[1]	6,073	8,308
Gross Unrealized Losses in Earnings	[1]	(2,050)	0
Fair Value	[1]	12,706	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]	(83)	0
Fair Value	[2]	$ 917	$ 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, and the fair value is classified as Level 2 according to the fair value hierarchy.

INVESTMENTS (Details) - Investm

INVESTMENTS (Details) - Investments Classified by Contractual Maturity Date $ in Thousands	Mar. 31, 2022USD ($)
Investments Classified by Contractual Maturity Date [Abstract]
Net Carrying Amount, Convertible debentures	$ 8,683
Net Carrying Amount, Due after one through five	1,000
Fair Value, Convertible debentures	12,706
Fair Value, Due after one through five	$ 917

INVESTMENTS (Details) - Schedul

INVESTMENTS (Details) - Schedule of Derivative Instruments - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Embedded Derivatives:
Equity price risk exposure	$ 492	$ 2,542

INVESTMENTS (Details) - Sched_2

INVESTMENTS (Details) - Schedule of Derivative Instruments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Embedded Derivatives:
Equity price risk exposure	$ (1,491)	$ 0	$ (2,050)	$ 0

INVESTMENTS (Details) - Equity

INVESTMENTS (Details) - Equity Securities without Readily Determinable Fair Value - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Other Investments
Carrying value	$ 4,208	$ 2,940	$ 4,208	$ 2,940	$ 3,500
Upward carrying value changes	187	1,156	187	1,156
Downward carrying value changes/impairment	$ 0	$ (41)	$ 0	$ (164)

INVESTMENTS (Details) - Inves_2

INVESTMENTS (Details) - Investment Income (Loss) Reflected in Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Investment Income (Loss) Reflected in Earnings [Abstract]
Realized gains (losses) on equity securities	$ (5)	$ 563	$ 1,848	$ 15,606
Realized gains (losses) on debt securities	524	552	1,694	552
Unrealized gains (losses) on equity securities	(3,044)	7,115	(4,946)	13,575
Unrealized gains (losses) on embedded derivatives	(1,491)	0	(2,050)	0
Dividend and interest income	441	206	1,545	227
Realized foreign currency gains (losses)	80	(12)	(41)	164
Total Investment Income (Loss)	$ (3,495)	$ 8,424	$ (1,950)	$ 30,124

INVESTMENTS (Details) - Unreali

INVESTMENTS (Details) - Unrealized Gain (Loss) on Investments - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Unrealized Gain (Loss) on Investments [Abstract]
Net gains (losses) recognized during the period on equity securities		$ (3,049)	$ 7,678	$ (3,098)	$ 29,181
Less: Net gains (losses) recognized during the period on equity securities sold during the period		5	(532)	(179)	(18,837)
Net unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date1	[1]	$ (3,044)	$ 7,146	$ (3,277)	$ 10,344
[1]	Includes $187,000 for the three and nine months ended March 31, 2022, and $1.1 million and $1.0 million for the three and nine months ended March 31, 2021, respectively, of net gains (losses) as a result of the measurement alternative.

INVESTMENT MANAGEMENT AND OTH_3

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
U.S. Global Investors Funds [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Aggregate Fees Waived and Expenses Borne	$ 147,000	$ 153,000	$ 465	$ 554
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%
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	246,000		246,000		432,000
Fund Clients [Member] | U.S. Global ETFs [Member]
INVESTMENT MANAGEMENT AND OTHER FEES (Details) [Line Items]
Receivables, Net, Current	$ 1,800,000		$ 1,800,000		$ 2,000,000
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%

INVESTMENT MANAGEMENT AND OTH_4

INVESTMENT MANAGEMENT AND OTHER FEES (Details) - Disaggregation of Revenue - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 6,175	$ 6,355	$ 19,270	$ 14,321
Investment and Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,129	6,304	19,124	14,168
Investment and Advisory Services [Member] | U.S. Global ETFs [Member]
Disaggregation of Revenue [Line Items]
Revenues	5,372	5,170	16,140	11,107
Administrative Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	46	51	146	153
Administrative Service [Member] | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	46	51	146	153
Investment and Advisory Services [Member] | Base Advisory Fee [Member[ | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	877	978	2,775	2,781
Investment and Advisory Services [Member] | Investment Performance [Member] | U.S. Global Investors Funds [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ (120)	$ 156	$ 209	$ 280

RESTRICTED CASH (Details) - Res

RESTRICTED CASH (Details) - Restrictions on Cash and Cash Equivalents - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020
Restrictions on Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 26,765	$ 14,436
Restricted cash	1,000	1,000
Total cash, cash equivalents, and restricted cash	$ 27,765	$ 15,436	$ 10,479	$ 2,961

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	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 months through fiscal year 2025.
Lease Income	$ 29	$ 23	$ 84	$ 69
Lessor Contracts, Asset	10		$ 10		$ 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	$ 41	$ 39	$ 130	$ 116

LEASES (Details) - Lease, Cost

LEASES (Details) - Lease, Cost - Continuing Operations [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 13	$ 13	$ 40	$ 40
Short-term lease cost	28	26	90	76
Total lease cost	41	39	130	116
Operating cash flows from operating leases	$ 13	$ 13	$ 40	$ 40
Weighted-average remaining lease term (in years)	29 days	1 year 29 days	29 days	1 year 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	Mar. 31, 2022USD ($)
Lessee, Operating Lease, Liability, Maturity [Abstract]
2022 (excluding the nine months ended March 31, 2022)	$ 4
Total lease payments	4
Less imputed interest	0
Total	$ 4

LEASES (Details) - Lessor, Oper

LEASES (Details) - Lessor, Operating Lease, Payments to be Received, Maturity $ in Thousands	Mar. 31, 2022USD ($)
Lessor, Operating Lease, Payments to be Received, Maturity [Abstract]
2022 (excluding the nine months ended March 31, 2022)	$ 19
2023	75
2024	42
2025	36
Total lease payments	$ 172

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands	Apr. 12, 2020USD ($)	Mar. 31, 2022USD ($)	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 March 31, 2022, 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	9 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Jan. 31, 2021	Sep. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Feb. 24, 2022
STOCKHOLDERS' EQUITY (Details) [Line Items]
Repurchasing Amount (in Dollars)											$ 233	$ 189
Share-Based Payment Arrangement, Expense (in Dollars)		$ 0			$ 0						733	0
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount (in Dollars)		0			0			$ 0			0	0
Share Repurchase Plan Renewal, December 2012 - December 2022 [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Stock repurchase program, authorized amount (in Dollars)		5,000						$ 5,000			5,000		$ 2,750
Common Class A [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Repurchasing Amount (in Dollars)		$ 97			$ 127						$ 233	$ 189
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			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			$ 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	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	$ 2.74
Number of options, options forfeited											0	0
Number of options granted											0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period											0	0
Common Class A [Member] | Treasury Stock [Member]
STOCKHOLDERS' EQUITY (Details) [Line Items]
Number of shares repurchased		19,487	10,457	13,647	19,900	15,096	1,000				43,591	35,996
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

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
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						9 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Mar. 31, 2021
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net Income (Loss) (in Dollars)	$ (846)	$ 3,590	$ 2,390	$ 8,607	$ 16,661	$ 1,944	$ 5,134	$ 27,212
Weighted average number of outstanding shares
Basic	15,010,630			15,061,818			15,020,920	15,075,064
Effect of dilutive securities
Stock options	952			1,170			1,023	731
Diluted	15,011,582			15,062,988			15,021,943	15,075,795
Basic Net Income (Loss) per share (in Dollars per share)	$ (0.06)			$ 0.57			$ 0.34	$ 1.81
Diluted Net Income (Loss) per share (in Dollars per share)	$ (0.06)			$ 0.57			$ 0.34	$ 1.81

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	Mar. 31, 2022USD ($)
INCOME TAXES (Details) [Line Items]
Valuation allowance	$ 0
Foreign Tax Authority [Member] | CANADA
INCOME TAXES (Details) [Line Items]
Operating loss carryover	0
Foreign Tax Authority [Member] | Capital Loss Carryforward [Member] | CANADA
INCOME TAXES (Details) [Line Items]
Tax credit carryforward	$ 0

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2022USD ($)
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		9 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance		$ 6,587	$ (4)
Other comprehensive income before reclassifications		(555)	15,540
Tax effect		114	(3,260)
Amount reclassified from AOCI		(1,704)	(552)
Tax effect		355	116
Net other comprehensive income (loss)		(1,790)	11,844
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance		4,797	11,840
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		(542)	15,522
Tax effect		114	(3,260)
Amount reclassified from AOCI		(1,694)	(552)
Tax effect		355	116
Net other comprehensive income (loss)		(1,767)	11,826
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance		4,797	11,826
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]	(13)	18
Tax effect	[1]	0	0
Amount reclassified from AOCI	[1]	(10)	0
Tax effect	[1]	0	0
Net other comprehensive income (loss)	[1]	(23)	18
Accumulated Other Comprehensive Income (Loss), Net of Tax, Balance	[1]	$ 0	$ 14
[1]	Amounts include no tax expense or benefit.

FINANCIAL INFORMATION BY BUSI_3

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Number of Operating Segments			2
Net operating revenues	$ 6,175	$ 6,355	$ 19,270	$ 14,321
Investment Management Services [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	6,175	6,355	19,270	14,321
U.S. Global Investors Funds [Member] | Investment Management Services [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	803	1,200	3,100	3,200
U.S. Global ETFs [Member] | Investment Management Services [Member]
FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) [Line Items]
Net operating revenues	$ 5,400	$ 5,200	$ 16,100	$ 11,100

FINANCIAL INFORMATION BY BUSI_4

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Details) - Schedule Details of Financial Information by Business Segment - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net operating revenues	$ 6,175	$ 6,355	$ 19,270	$ 14,321
Investment income	(3,495)	8,424	(1,950)	30,124
Income (loss) from equity method investments	(173)	(64)	(206)	420
Other income	59	33	174	92
Income (loss) from continuing operations before income taxes	(1,092)	11,685	6,341	35,384
Depreciation and amortization	61	49	165	147
Gross identifiable assets	62,515		62,515
Nine months ended March 31, 2021
Gain on forgiveness of PPP loan	0	0	0	444
Consolidated total assets	62,515	66,822	62,515	66,822	$ 62,277
Investment Management Services [Member]
Segment Reporting Information [Line Items]
Net operating revenues	6,175	6,355	19,270	14,321
Investment income	0	0	0	0
Income (loss) from equity method investments	0	0	0	0
Other income	59	33	174	92
Income (loss) from continuing operations before income taxes	2,612	3,379	8,750	6,842
Depreciation and amortization	61	49	165	147
Gross identifiable assets	27,652		27,652
Nine months ended March 31, 2021
Gain on forgiveness of PPP loan				444
Consolidated total assets		11,530		11,530
Corporate Investments [Member]
Segment Reporting Information [Line Items]
Net operating revenues	0	0	0	0
Investment income	(3,495)	8,424	(1,950)	30,124
Income (loss) from equity method investments	(173)	(64)	(206)	420
Other income	0	0	0	0
Income (loss) from continuing operations before income taxes	(3,704)	8,306	(2,409)	28,542
Depreciation and amortization	0	0	0	0
Gross identifiable assets	$ 34,863		$ 34,863
Nine months ended March 31, 2021
Gain on forgiveness of PPP loan				0
Consolidated total assets		$ 55,292		$ 55,292

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Details) - Forecast [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2022USD ($)$ / shares
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
Monthly Dividend Authorized [Member]
CONTINGENCIES AND COMMITMENTS (Details) [Line Items]
Monthly Dividend Declared | $ / shares	$ 0.0075