U.S. Global Investors (GROW) 10-Q 9 Jun 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2022	Jun. 01, 2023
Document Information [Line Items]
Entity Central Index Key	0000754811
Entity Registrant Name	U S GLOBAL INVESTORS INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
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
Trading Symbol	GROW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,518,583

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Current Assets
Cash and cash equivalents	$ 23,416	$ 22,314
Restricted cash	1,000	1,000
Investments in securities at fair value, current	11,991	12,138
Accounts and other receivables	1,438	1,796
Tax receivable	294	384
Prepaid expenses	601	400
Total Current Assets	38,740	38,032
Net Property and Equipment	1,259	1,370
Other Assets
Deferred tax asset	1,609	872
Investments in equity securities at fair value, non-current	1,273	2,162
Investments in available-for-sale debt securities at fair value	8,127	10,625
Investments in held-to-maturity debt securities	1,000	1,000
Other investments	2,633	3,992
Financing lease, right of use assets	79	93
Other assets, non-current	231	216
Total Other Assets	14,952	18,960
Total Assets	54,951	58,362
Current Liabilities
Accounts payable	83	73
Accrued compensation and related costs	702	1,864
Dividends payable	335	337
Financing lease liability, short-term	28	27
Other accrued expenses	1,366	1,831
Total Current Liabilities	2,514	4,132
Long-Term Liabilities
Deferred tax liability	5	0
Financing lease liability, long-term	52	66
Total Long-Term Liabilities	57	66
Total Liabilities	2,571	4,198
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Additional paid-in-capital	16,441	16,438
Treasury stock, class A shares at cost; 1,096,540 shares and 978,049 shares at December 31, 2022, and June 30, 2022, respectively	(2,958)	(2,599)
Accumulated other comprehensive income, net of tax	1,890	3,624
Retained earnings	36,608	36,302
Total Shareholders’ Equity	52,380	54,164
Total Liabilities and Shareholders’ Equity	54,951	58,362
Common Class A [Member]
Shareholders’ Equity
Common Stock	347	347
Common Class B [Member]
Shareholders’ Equity
Common Stock	0	0
Common Class C [Member]
Shareholders’ Equity
Common Stock	$ 52	$ 52

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 31, 2022	Jun. 30, 2022
Common Class A [Member]
Common Stock, Par value (in dollars per share)	$ 0.025	$ 0.025
Common Stock, Shares Authorized (in shares)	28,000,000	28,000,000
Common Stock, Shares, Issued (in shares)	13,866,999	13,866,999
Common Stock, Shares, Outstanding (in shares)	12,770,459	12,888,950
Treasury shares (in shares)	1,096,540	978,049
Common Class B [Member]
Common Stock, Par value (in dollars per share)	$ 0.025	$ 0.025
Common Stock, Shares Authorized (in shares)	4,500,000	4,500,000
Common Stock, Shares, Issued (in shares)	0	0
Common Class C [Member]
Common Stock, Par value (in dollars per share)	$ 0.025	$ 0.025
Common Stock, Shares Authorized (in shares)	3,500,000	3,500,000
Common Stock, Shares, Issued (in shares)	2,068,549	2,068,549
Common Stock, Shares, Outstanding (in shares)	2,068,549	2,068,549

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Operating Revenues
Revenues	$ 3,728	$ 6,574	$ 8,140	$ 13,095
Operating Expenses
Employee compensation and benefits	1,130	1,730	2,305	3,654
General and administrative	1,508	1,766	3,012	3,364
Advertising	120	83	206	167
Depreciation	61	56	122	104
Interest	1	0	2	0
Operating Expenses	2,820	3,635	5,647	7,289
Operating Income	908	2,939	2,493	5,806
Other Income (Loss)
Investment income (loss)	116	1,579	(1,344)	1,545
Loss from equity method investments	0	(48)	0	(33)
Other income	62	59	123	115
Nonoperating Income (Expense)	178	1,590	(1,221)	1,627
Income Before Income Taxes	1,086	4,529	1,272	7,433
Provision for Income Taxes
Tax expense	217	939	296	1,453
Net Income	$ 869	$ 3,590	$ 976	$ 5,980
Basic Net Income per share (in dollars per share)	$ 0.06	$ 0.24	$ 0.07	$ 0.40
Diluted Net Income per share (in dollars per share)	$ 0.06	$ 0.24	$ 0.07	$ 0.40
Basic weighted average number of common shares outstanding (in shares)	14,889,946	15,021,792	14,919,317	15,025,953
Diluted weighted average number of common shares outstanding (in shares)	14,890,031	15,022,814	14,919,693	15,027,007
Investment Advisory Services [Member]
Operating Revenues
Revenues	$ 3,695	$ 6,525	$ 8,072	$ 12,995
Administrative Service [Member]
Operating Revenues
Revenues	$ 33	$ 49	$ 68	$ 100

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 869	$ 3,590	$ 976	$ 5,980
Other Comprehensive Loss:
Unrealized losses on available-for-sale securities arising during period, net of tax	(904)	(140)	(1,019)	(287)
Less: reclassification adjustment for gains included in net income, net of tax	(344)	(449)	(715)	(925)
Net change from available-for-sale securities	(1,248)	(589)	(1,734)	(1,212)
Foreign currency translation adjustment	0	2	0	(10)
Other Comprehensive Loss	(1,248)	(587)	(1,734)	(1,222)
Total Comprehensive Income (Loss)	$ (379)	$ 3,003	$ (758)	$ 4,758

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class C [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member] Common Class A [Member]	Treasury Stock, Common [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Jun. 30, 2021	13,866,913	2,068,635			898,953
Balance at Jun. 30, 2021	$ 347	$ 52	$ 15,677		$ (2,172)	$ 6,587	$ 33,833	$ 54,324
Repurchases of shares of Common Stock (class A) (in shares)	0	0			13,647
Repurchases of shares of Common Stock (class A)	$ 0	$ 0	0		$ (82)	0	0	(82)
Issuance of stock under ESPP of shares of Common Stock (class A) (in shares)	0	0			(2,228)
Issuance of stock under ESPP of shares of Common Stock (class A)	$ 0	$ 0	8		$ 6	0	0	14
Dividends declared	0	0	0		0	0	(338)	(338)
Other comprehensive income (loss), net of tax	0	0	0		0	(635)	0	(635)
Net income	0	0	0		0	0	2,390	2,390
Share-based compensation, net of tax	$ 0	$ 0	388		$ 0	0	0	388
Balance (in shares) at Sep. 30, 2021	13,866,913	2,068,635			910,372
Balance at Sep. 30, 2021	$ 347	$ 52	16,073		$ (2,248)	5,952	35,885	56,061
Balance (in shares) at Jun. 30, 2021	13,866,913	2,068,635			898,953
Balance at Jun. 30, 2021	$ 347	$ 52	15,677		$ (2,172)	6,587	33,833	54,324
Repurchases of shares of Common Stock (class A) (in shares)				24,104
Other comprehensive income (loss), net of tax								(1,222)
Net income								5,980
Balance (in shares) at Dec. 31, 2021	13,866,913	2,068,635			918,287
Balance at Dec. 31, 2021	$ 347	$ 52	16,425		$ (2,297)	5,365	39,137	59,029
Balance (in shares) at Sep. 30, 2021	13,866,913	2,068,635			910,372
Balance at Sep. 30, 2021	$ 347	$ 52	16,073		$ (2,248)	5,952	35,885	56,061
Repurchases of shares of Common Stock (class A) (in shares)	0	0		10,457	10,457
Repurchases of shares of Common Stock (class A)	$ 0	$ 0	0		$ (54)	0	0	(54)
Issuance of stock under ESPP of shares of Common Stock (class A) (in shares)	0	0			(2,542)
Issuance of stock under ESPP of shares of Common Stock (class A)	$ 0	$ 0	7		$ 5	0	0	12
Dividends declared	0	0	0		0	0	(338)	(338)
Other comprehensive income (loss), net of tax	0	0	0		0	(587)	0	(587)
Net income	0	0	0		0	0	3,590	3,590
Share-based compensation, net of tax	$ 0	$ 0	345		$ 0	0	0	345
Balance (in shares) at Dec. 31, 2021	13,866,913	2,068,635			918,287
Balance at Dec. 31, 2021	$ 347	$ 52	16,425		$ (2,297)	5,365	39,137	59,029
Balance (in shares) at Jun. 30, 2022	13,866,999	2,068,549			978,049
Balance at Jun. 30, 2022	$ 347	$ 52	16,438		$ (2,599)	3,624	36,302	54,164
Repurchases of shares of Common Stock (class A) (in shares)	0	0			39,965
Repurchases of shares of Common Stock (class A)	$ 0	$ 0	0		$ (133)	0	0	(133)
Issuance of stock under ESPP of shares of Common Stock (class A) (in shares)	0	0			(3,983)
Issuance of stock under ESPP of shares of Common Stock (class A)	$ 0	$ 0	3		$ 10	0	0	13
Share-based compensation, adjustment for forfeitures, net of tax	0	0	(1)		0	0	0	(1)
Dividends declared	0	0	0		0	0	(335)	(335)
Other comprehensive income (loss), net of tax	0	0	0		0	(486)	0	(486)
Net income	$ 0	$ 0	0		$ 0	0	107	107
Balance (in shares) at Sep. 30, 2022	13,866,999	2,068,549			1,014,031
Balance at Sep. 30, 2022	$ 347	$ 52	16,440		$ (2,722)	3,138	36,074	53,329
Balance (in shares) at Jun. 30, 2022	13,866,999	2,068,549			978,049
Balance at Jun. 30, 2022	$ 347	$ 52	16,438		$ (2,599)	3,624	36,302	54,164
Repurchases of shares of Common Stock (class A) (in shares)				127,372
Other comprehensive income (loss), net of tax								(1,734)
Net income								976
Balance (in shares) at Dec. 31, 2022	13,866,999	2,068,549			1,096,540
Balance at Dec. 31, 2022	$ 347	$ 52	16,441		$ (2,958)	1,890	36,608	52,380
Balance (in shares) at Sep. 30, 2022	13,866,999	2,068,549			1,014,031
Balance at Sep. 30, 2022	$ 347	$ 52	16,440		$ (2,722)	3,138	36,074	53,329
Repurchases of shares of Common Stock (class A) (in shares)	0	0		87,407	87,407
Repurchases of shares of Common Stock (class A)	$ 0	$ 0	0		$ (249)	0	0	(249)
Issuance of stock under ESPP of shares of Common Stock (class A) (in shares)	0	0			(4,898)
Issuance of stock under ESPP of shares of Common Stock (class A)	$ 0	$ 0	1		$ 13	0	0	14
Dividends declared	0	0	0		0	0	(335)	(335)
Other comprehensive income (loss), net of tax	0	0	0		0	(1,248)	0	(1,248)
Net income	$ 0	$ 0	0		$ 0	0	869	869
Balance (in shares) at Dec. 31, 2022	13,866,999	2,068,549			1,096,540
Balance at Dec. 31, 2022	$ 347	$ 52	$ 16,441		$ (2,958)	$ 1,890	$ 36,608	$ 52,380

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities:
Net income	$ 976	$ 5,980
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	(144)	(241)
Net recognized loss on disposal of fixed assets	3	0
Net realized gains on securities	(905)	(3,023)
Unrealized losses on securities	2,842	2,462
Net loss from equity method investment	0	33
Provision for deferred taxes	(274)	(745)
Share-based compensation expense	0	733
Changes in operating assets and liabilities:
Accounts and other receivables	448	2,321
Prepaid expenses and other assets	(202)	(191)
Accounts payable and accrued expenses	(1,616)	(1,836)
Total adjustments	152	(487)
Net cash provided by operating activities	1,128	5,493
Cash Flows from Investing Activities:
Purchase of property and equipment	(14)	(206)
Purchase of equity securities at fair value, non-current	0	(123)
Purchase of other investments	(477)	(98)
Proceeds on sale of equity securities at fair value, non-current	0	2,850
Proceeds from principal paydowns of available-for-sale debt securities at fair value	1,500	1,500
Return of capital on other investments	5	0
Net cash provided by investing activities	1,014	3,923
Cash Flows from Financing Activities:
Principal payments on financing lease	(13)	0
Issuance of common stock	27	26
Repurchases of common stock	(382)	(136)
Dividends paid	(672)	(563)
Net cash used in financing activities	(1,040)	(673)
Net increase in cash, cash equivalents, and restricted cash	1,102	8,743
Beginning cash, cash equivalents, and restricted cash	23,314	15,436
Ending cash, cash equivalents, and restricted cash	24,416	24,179
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Dividends declared but not paid	335	338
Unsettled sales of non-current investments	4	0
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	$ 470	$ 1,926

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Basis of Accounting [Text Block]	NOTE 1. 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 2 June 30, 2022 10 2" 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. There are two not The Company holds variable interests in, but is not 2 3. may 3 not not not not not December 31, 2022 June 30, 2022 The carrying amount of assets and liabilities recognized in the Consolidated Balance Sheets related to the Company's interests in these non-consolidated VIEs were as follows: Carrying Value and Maximum Exposure to Loss (dollars in thousands) December 31, 2022 June 30, 2022 Investments in securities at fair value, current $ 11,991 $ 12,138 Investments in equity securities at fair value, non-current 630 623 Other receivables 38 21 Total VIE assets, maximum exposure to loss 12,659 12,782 Other accrued expenses - 110 Total carrying amount $ 12,659 $ 12,672 Since the Company is not 50 not not During the three six December 31, 2021 not not 50 not not 2022, 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 not may June 30, 2023 ( 2023” The unaudited interim financial information in these consolidated financial statements should be read in conjunction with the consolidated financial statements contained in the Company’s annual report on Form 10 2; not Use of Estimates Preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results may Recent Accounting Pronouncements In June 2016, 2016 13, Financial Instruments Credit Losses (Topic 326 2016 13” 2016 13 2016 13 December 15, 2022. December 15, 2018, In December 2019, 2019 12, Simplifying the Accounting for Income Taxes 2019 12” 2019 12 2019 12 December 15, 2020, July 1, 2021. not In June 2022, 2022 03, Fair Value Measurement (Topic 820 2022 03” 2022 03 1 820, 2 3 820. 2022 03 December 15, 2023. not not

Note 2 - Investments

Note 2 - Investments	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Investments and Other Noncurrent Assets [Text Block]	NOTE 2. As of December 31, 2022 December 31, 2022 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. Concentrations of Credit Risk A significant portion of the Company’s investments carried at fair value on a recurring basis is investments in USGIF, which were $12.6 million and $12.8 million as of December 31, 2022 June 30, 2022 December 31, 2022 June 30, 2022 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 Level 1 Level 2 1 may Level 3 may 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 may 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 For common share purchase warrants not may may Certain convertible debt securities not may 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 may not The following tables summarize the major categories of investments with fair values adjusted on a recurring basis as of December 31, 2022 June 30, 2022 December 31, 2022 Significant Significant Quoted Other Unobservable Prices Inputs 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 $ 617 $ - $ 26 $ 643 Mutual funds - Fixed income 11,991 - - 11,991 Mutual funds - Global equity 630 - - 630 Total investments in equity securities: $ 13,238 $ - $ 26 $ 13,264 Investments in debt securities: Available-for-sale - Convertible debentures - - 8,127 8,127 Total investments carried at fair value on a recurring basis: $ 13,238 $ - $ 8,153 $ 21,391 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ 1,439 $ 1,439 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 six December 31, 2022 3 June 30, 2022 Significant Significant Quoted Other Unobservable Prices Inputs 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 $ 1,024 $ - $ 515 $ 1,539 Mutual funds - Fixed income 12,138 - - 12,138 Mutual funds - Global equity 623 - - 623 Total investments in equity securities: $ 13,785 $ - $ 515 $ 14,300 Investments in debt securities: Available-for-sale - Convertible debentures - - 10,625 10,625 Total investments carried at fair value on a recurring basis: $ 13,785 $ - $ 11,140 $ 24,925 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ 781 $ 781 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, 2022 3 The securities classified as Level 3 December 31, 2022 June 30, 2022 third The following table is a reconciliation of investments recorded at fair value for which unobservable inputs (Level 3 six December 31, 2022 Changes in Level 3 Six Months Ended December 31, 2022 Investments in Investments in (dollars in thousands) equity securities debt securities Beginning Balance $ 515 $ 10,625 Principal repayments - (1,500 ) Amortization of day one premium - (136 ) Accretion of bifurcation discount - 403 Total unrealized gains or losses included in: Investment Income (Loss) (489 ) 930 Other Comprehensive Loss - (2,195 ) Ending Balance $ 26 $ 8,127 During January 2021, January 2026, January 2024, one one December 31, 2022 not December 31, 2022 June 30, 2022 December 31, 2022 August 31, 2018, August 2018 January 2023, December 22, 2020, The Company recorded the warrants at the estimated fair value of $5.9 million on the 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 six December 31, 2022 three six December 31, 2021 December 31, 2022 June 30, 2022 The Company currently considers the fair value measurements of HIVE convertible securities to contain Level 3 December 31, 2022 3 December 31, 2022 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in equity securities: Common share purchase warrants $ 26 Option pricing model Volatility 95.8 % Investments in debt securities: Available-for-sale - Convertible debentures $ 8,127 Binomial lattice model Volatility 105.1 % Credit Adjusted Discount Rate 15.8 % During the fiscal year ended June 30, 2022, three six December 31, 2021, not December 31, 2022 June 2014 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 the current period's earnings. The following details the components of the Company’s equity investments carried at fair value as of December 31, 2022 June 30, 2022 December 31, 2022 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,680 $ (6,037 ) $ 643 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 12,313 (322 ) 11,991 Mutual funds - Global equity 929 (299 ) 630 Total equity securities at fair value $ 19,967 $ (6,703 ) $ 13,264 June 30, 2022 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,680 $ (5,141 ) $ 1,539 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 12,313 (175 ) 12,138 Mutual funds - Global equity 929 (306 ) 623 Total equity securities at fair value $ 19,967 $ (5,667 ) $ 14,300 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 The following details the components of the Company’s available-for-sale debt investments as of December 31, 2022 June 30, 2022 December 31, 2022 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income (Loss) Gross Unrealized Losses in Investment Income (Loss) Fair Value Available-for-sale - Convertible debentures (1) $ 8,246 $ 2,393 $ (2,512 ) $ 8,127 June 30, 2022 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income (Loss) Gross Unrealized Losses in Investment Income (Loss) Fair Value Available-for-sale - Convertible debentures (1) $ 8,576 $ 4,588 $ (2,539 ) $ 10,625 1. Changes in unrealized gains and losses are included in the consolidated statements of comprehensive income (loss), except for embedded derivatives. Changes in unrealized gains and losses for embedded derivatives are included in investment income (loss) in the consolidated statements of operations. The following details the components of the Company’s held-to-maturity debt investments as of December 31, 2022 June 30, 2022 December 31, 2022 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures (1) $ 1,000 $ - $ (251 ) $ 749 June 30, 2022 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures (1) $ 1,000 $ - $ (133 ) $ 867 1. Held-to-maturity debt investments are carried at amortized cost, and the fair value is classified as Level 2 At December 31, 2022 June 30, 2022 one December 31, 2022 June 30, 2022 December 31, 2022 not The following summarizes the net carrying amount and estimated fair value of debt securities at December 31, 2022 may December 31, 2022 Available-for-sale Held-to-maturity debt securities debt securities Convertible Due after one year (dollars in thousands) debentures (1) through five years Amortized Cost $ 8,246 $ 1,000 Fair Value $ 8,127 $ 749 1. Principal payments of $750,000 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 one December 31, 2022 June 30, 2022 The following table summarizes the fair values of embedded derivatives on the consolidated balance sheets, categorized by risk exposure, at December 31, 2022 June 30, 2022 December 31, 2022 June 30, 2022 Other Assets Other Assets Investments in Investments in available-for-sale available-for-sale (dollars in thousands) debt securities debt securities Embedded Derivatives: Equity price risk exposure $ 29 $ 3 The following table presents the effect of embedded derivatives on the consolidated statements of operations, categorized by risk exposure, for the three six December 31, 2022 2021 Six Months Ended Three Months Ended December 31, December 31, 2022 2021 2022 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 $ 26 $ (559 ) $ 26 $ (121 ) Other Investments Other investments consist of equity investments in entities over which the Company is unable to exercise significant influence and which do not The carrying value of equity securities without readily determinable fair values was approximately $4.0 million as of June 30, 2022 December 31, 2022 2021 Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Other Investments Carrying value $ 2,633 $ 3,551 $ 2,633 $ 3,551 Upward carrying value changes $ 5 $ - $ 5 $ - Downward carrying value changes/impairment $ (1,841 ) $ - $ (2 ) $ - 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 December 31, 2022 December 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 at December 31, 2022 June 30, 2022 July 2021, December 31, 2022 Investments Classified as Equity Method The Company had an equity method investment in Galileo New Economy Fund LP through its dissolution date, which occurred during the third 2022. three six December 31, 2021 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. Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment income (loss) 2022 2021 2022 2021 Realized gains on equity securities $ - 1,853 $ - $ 43 Realized gains on debt securities 905 1,170 436 569 Unrealized gains (losses) on equity securities (2,868 ) (1,903 ) (937 ) 455 Unrealized gains (losses) on embedded derivatives 26 (559 ) 26 (121 ) Dividend and interest income 900 1,104 481 607 Realized foreign currency gains (losses) (307 ) (120 ) 110 26 Total Investment Income (Loss) $ (1,344 ) $ 1,545 $ 116 $ 1,579 For the three six December 31, 2022 three six December 31, 2021 The following table presents unrealized gains and losses recognized during the three six December 31, 2022 2021 Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Net gains and losses recognized during the period on equity securities $ (2,868 ) $ (50 ) $ (937 ) $ 498 Less: Net gains and losses recognized during the period on equity securities sold during the period - 183 - (1 ) Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date (1) $ (2,868 ) $ (233 ) $ (937 ) $ 499 1. Includes $5,000 of gains for the three December 31, 2022 six December 31, 2022 three six December 31, 2021 Investment income (loss) can be volatile and vary depending on market fluctuations, the Company’s ability to participate in investment opportunities, and the timing of transactions. The Company expects that gains and losses will continue to fluctuate in the future.

Note 3 - Investment Management

Note 3 - Investment Management and Other Fees	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Investment Management and Other Fees [Text Block]	NOTE 3. The following table presents operating revenues disaggregated by performance obligation. Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 ETF advisory fees $ 7,218 $ 10,768 $ 3,305 $ 5,452 USGIF advisory fees 1,135 1,898 525 932 USGIF performance fees earned (paid) (281 ) 329 (135 ) 141 Total Advisory Fees 8,072 12,995 3,695 6,525 USGIF administrative services fees 68 100 33 49 Total Operating Revenue $ 8,140 $ 13,095 $ 3,728 $ 6,574 The Company serves as investment advisor to three April 2023. one 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 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. three six December 31, 2022 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. As of December 31, 2022 June 30, 2022

Note 4 - Restricted Cash and Un

Note 4 - Restricted Cash and Unrestricted Cash	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	NOTE 4. The Company maintains its cash deposits with established commercial banks. At times, balances may not not not A reconciliation of cash, cash equivalents, and restricted cash reported from the consolidated balance sheets to the consolidated statements of cash flows is shown below. (dollars in thousands) December 31, 2022 June 30, 2022 Cash and cash equivalents $ 23,416 $ 22,314 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 24,416 $ 23,314

Note 5 - Leases

Note 5 - Leases	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Operating Leases [Text Block]	NOTE 5. The Company has lease agreements for office equipment that expire in the fiscal year 2026. three six December 31, 2022 three six December 31, 2021 The following table presents the components of lease cost. Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of right-of-use assets $ 14 $ - $ 7 $ - Interest on lease liabilities 2 - 1 - Total finance lease cost 16 - 8 - Operating lease cost - 26 - 13 Short-term lease cost 40 62 25 36 Total lease cost $ 56 $ 88 $ 33 $ 49 Supplemental information related to the Company's leases follows. Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Operating cash flows from operating leases included in lease liabilities $ - $ 26 $ - $ 13 Lease liabilities obtained from new ROU assets - operating $ - $ - $ - $ - Operating cash flows from financing leases included in lease liabilities $ 2 $ - $ 1 $ - Financing cash flows from financing leases included in lease liabilities $ 13 $ - $ 8 $ - Lease liabilities obtained from new ROU assets - financing $ - $ - $ - $ - Additional qualitative information concerning the Company’s leases follows. December 31, 2022 June 30, 2022 Weighted-average remaining lease term - operating leases (years) - - Weighted-average discount rate - operating leases - - Weighted-average remaining lease term - financing leases (years) 2.75 3.25 Weighted-average discount rate - financing leases 4.75 % 4.75 % The following table presents the maturities of lease liabilities as of December 31, 2022 (dollars in thousands) Fiscal Year Finance Leases 2023 (excluding the six months ended December 31, 2022) $ 16 2024 31 2025 31 2026 8 2027 - Total lease payments 86 Less imputed interest (6 ) Total $ 80 The Company is the lessor of certain areas of its owned office building under operating leases expiring in various months through fiscal year 2025. no three six December 31, 2022 three six December 31, 2021 December 31, 2022 June 30, 2022 The following is a summary analysis of annual undiscounted cash flows to be received on leases as of December 31, 2022 (dollars in thousands) Fiscal Year Operating Leases 2023 (excluding the six months ended December 31, 2022) $ 30 2024 42 2025 36 2026 - 2027 - Thereafter - Total lease payments $ 108 The Company may one hundred eighty six

Note 6 - Borrowings

Note 6 - Borrowings	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 6. 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 expires on May 31, 2023, December 31, 2022 December 31, 2022

Note 7 - Shareholders' Equity

Note 7 - Shareholders' Equity	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	NOTE 7. 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 $0.0050 per month for July 2021 September 2021, October 2021 December 2022 In December 2022 January March 2023 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 10b5 1 1934. December 2012, February 25, 2022, may three six December 31, 2022 three six December 31, 2021 The Company’s stock option plans provide for the granting of class A shares as either incentive or nonqualified stock options to employees and non-employee directors. Options are subject to terms and conditions determined by the Compensation Committee of the Board of Directors. At December 31, 2022 1989 1997 December 31, 2021 1989 1997 three six December 31, 2022 2021. six December 31, 2022 three December 31, 2022 three six December 31, 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. There was no stock-based compensation expense for the three six December 31, 2022 three six December 31, 2021 December 31, 2022, 2021

Note 8 - Earnings Per Share

Note 8 - Earnings Per Share	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 8. The basic earnings per share (“EPS”) calculation excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of EPS that could occur if options to issue common stock were exercised. The following table sets forth the computation for basic and diluted EPS. Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands, except per share data) 2022 2021 2022 2021 Net Income $ 976 $ 5,980 $ 869 $ 3,590 Weighted average number of outstanding shares Basic 14,919,317 15,025,953 14,889,946 15,021,792 Effect of dilutive securities Stock options 376 1,054 85 1,022 Diluted 14,919,693 15,027,007 14,890,031 15,022,814 Earnings Per Share Basic Net Income per share $ 0.07 $ 0.40 $ 0.06 $ 0.24 Diluted Net Income per share $ 0.07 $ 0.40 $ 0.06 $ 0.24 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 six December 31, 2022 three six December 31, 2021 During the three six December 31, 2022 2021

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9. 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. Income tax expense for the quarter is based upon the estimated annual ordinary income in each jurisdiction in which the Company operates. The tax effects of discrete items are recognized in the tax provision in the period they occur in accordance with U.S. GAAP. Due to various factors, such as the item’s significance in relation to total ordinary income and the rate of tax, discrete items in any quarter can materially impact the reported effective tax rate. For U.S. federal income tax purposes at December 31, 2022 2043 A valuation allowance is provided when it is more likely than not not December 31, 2022 June 30, 2022

Note 10 - Accumulated Other Com

Note 10 - Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 10. The following table presents the change in accumulated other comprehensive income (loss) (“AOCI”) by component. (dollars in thousands) Unrealized gains (losses) on available-for-sale investments Foreign currency translation adjustment (1) Total Six Months Ended December 31, 2022 Balance at June 30, 2022 $ 3,624 $ - $ 3,624 Other comprehensive loss before reclassifications (1,290 ) - (1,290 ) Tax effect 271 - 271 Amount reclassified from AOCI (905 ) - (905 ) Tax effect 190 - 190 Net other comprehensive loss (1,734 ) - (1,734 ) Balance at December 31, 2022 $ 1,890 $ - $ 1,890 Six Months Ended December 31, 2021 Balance at June 30, 2021 $ 6,564 $ 23 $ 6,587 Other comprehensive loss before reclassifications (363 ) (10 ) (373 ) Tax effect 76 - 76 Amount reclassified from AOCI (1,170 ) - (1,170 ) Tax effect 245 - 245 Net other comprehensive loss (1,212 ) (10 ) (1,222 ) Balance at December 31, 2021 $ 5,352 $ 13 $ 5,365 1. Amounts include no

Note 11 - Financial Information

Note 11 - Financial Information by Business Segment	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 11. The Company operates principally in two (dollars in thousands) Investment Management Services Corporate Investments Consolidated Six Months Ended December 31, 2022 Net operating revenues $ 8,140 $ - $ 8,140 Investment loss $ - $ (1,344 ) $ (1,344 ) Other income $ 123 $ - $ 123 Income (loss) before income taxes $ 2,646 $ (1,374 ) $ 1,272 Depreciation $ 122 $ - $ 122 Gross identifiable assets at December 31, 2022 $ 23,952 $ 29,390 $ 53,342 Deferred tax asset $ 1,609 Consolidated total assets at December 31, 2022 $ 54,951 Six Months Ended December 31, 2021 Net operating revenues $ 13,095 $ - $ 13,095 Investment income $ - $ 1,545 $ 1,545 Loss from equity method investments $ - $ (33 ) $ (33 ) Other income $ 115 $ - $ 115 Income before income taxes $ 6,138 $ 1,295 $ 7,433 Depreciation $ 104 $ - $ 104 Gross identifiable assets at December 31, 2021 $ 23,386 $ 40,805 $ 64,191 Three Months Ended December 31, 2022 Net operating revenues $ 3,728 $ - $ 3,728 Investment income $ - $ 116 $ 116 Other income $ 62 $ - $ 62 Income before income taxes $ 985 $ 101 $ 1,086 Depreciation $ 61 $ - $ 61 Three Months Ended December 31, 2021 Net operating revenues $ 6,574 $ - $ 6,574 Investment income $ - $ 1,579 $ 1,579 Loss from equity method investments $ - $ (48 ) $ (48 ) Other income $ 59 $ - $ 59 Income before income taxes $ 3,025 $ 1,504 $ 4,529 Depreciation $ 56 $ - $ 56 Net operating revenues from investment management services includes operating revenues from USGIF of $423,000 and $922,000 for the three six December 31, 2022 three six December 31, 2021 three six December 31, 2022 three six December 31, 2021

Note 12 - Contingencies and Com

Note 12 - Contingencies and Commitments	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 12. 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 may not The Board has authorized a monthly dividend of $0.0075 per share through March 2023 January March 2023 The COVID- 19 may

Note 13 - Subsequent Events

Note 13 - Subsequent Events	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 13. In March 2023 April June 2023 Additionally, the Company's credit agreement discussed in Note 6, May 31, 2023. 3, April 2024.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 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 2 June 30, 2022 10 2" 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. There are two not The Company holds variable interests in, but is not 2 3. may 3 not not not not not December 31, 2022 June 30, 2022 The carrying amount of assets and liabilities recognized in the Consolidated Balance Sheets related to the Company's interests in these non-consolidated VIEs were as follows: Carrying Value and Maximum Exposure to Loss (dollars in thousands) December 31, 2022 June 30, 2022 Investments in securities at fair value, current $ 11,991 $ 12,138 Investments in equity securities at fair value, non-current 630 623 Other receivables 38 21 Total VIE assets, maximum exposure to loss 12,659 12,782 Other accrued expenses - 110 Total carrying amount $ 12,659 $ 12,672 Since the Company is not 50 not not During the three six December 31, 2021 not not 50 not not 2022, 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 not may June 30, 2023 ( 2023” The unaudited interim financial information in these consolidated financial statements should be read in conjunction with the consolidated financial statements contained in the Company’s annual report on Form 10 2; not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates Preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results may
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In June 2016, 2016 13, Financial Instruments Credit Losses (Topic 326 2016 13” 2016 13 2016 13 December 15, 2022. December 15, 2018, In December 2019, 2019 12, Simplifying the Accounting for Income Taxes 2019 12” 2019 12 2019 12 December 15, 2020, July 1, 2021. not In June 2022, 2022 03, Fair Value Measurement (Topic 820 2022 03” 2022 03 1 820, 2 3 820. 2022 03 December 15, 2023. not not

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	Carrying Value and Maximum Exposure to Loss (dollars in thousands) December 31, 2022 June 30, 2022 Investments in securities at fair value, current $ 11,991 $ 12,138 Investments in equity securities at fair value, non-current 630 623 Other receivables 38 21 Total VIE assets, maximum exposure to loss 12,659 12,782 Other accrued expenses - 110 Total carrying amount $ 12,659 $ 12,672

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	December 31, 2022 Significant Significant Quoted Other Unobservable Prices Inputs 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 $ 617 $ - $ 26 $ 643 Mutual funds - Fixed income 11,991 - - 11,991 Mutual funds - Global equity 630 - - 630 Total investments in equity securities: $ 13,238 $ - $ 26 $ 13,264 Investments in debt securities: Available-for-sale - Convertible debentures - - 8,127 8,127 Total investments carried at fair value on a recurring basis: $ 13,238 $ - $ 8,153 $ 21,391 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ 1,439 $ 1,439 June 30, 2022 Significant Significant Quoted Other Unobservable Prices Inputs 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 $ 1,024 $ - $ 515 $ 1,539 Mutual funds - Fixed income 12,138 - - 12,138 Mutual funds - Global equity 623 - - 623 Total investments in equity securities: $ 13,785 $ - $ 515 $ 14,300 Investments in debt securities: Available-for-sale - Convertible debentures - - 10,625 10,625 Total investments carried at fair value on a recurring basis: $ 13,785 $ - $ 11,140 $ 24,925 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ 781 $ 781
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Six Months Ended December 31, 2022 Investments in Investments in (dollars in thousands) equity securities debt securities Beginning Balance $ 515 $ 10,625 Principal repayments - (1,500 ) Amortization of day one premium - (136 ) Accretion of bifurcation discount - 403 Total unrealized gains or losses included in: Investment Income (Loss) (489 ) 930 Other Comprehensive Loss - (2,195 ) Ending Balance $ 26 $ 8,127
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	December 31, 2022 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in equity securities: Common share purchase warrants $ 26 Option pricing model Volatility 95.8 % Investments in debt securities: Available-for-sale - Convertible debentures $ 8,127 Binomial lattice model Volatility 105.1 % Credit Adjusted Discount Rate 15.8 %
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	December 31, 2022 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,680 $ (6,037 ) $ 643 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 12,313 (322 ) 11,991 Mutual funds - Global equity 929 (299 ) 630 Total equity securities at fair value $ 19,967 $ (6,703 ) $ 13,264 June 30, 2022 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Equity securities at fair value Equities - International $ 6,680 $ (5,141 ) $ 1,539 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 12,313 (175 ) 12,138 Mutual funds - Global equity 929 (306 ) 623 Total equity securities at fair value $ 19,967 $ (5,667 ) $ 14,300 December 31, 2022 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income (Loss) Gross Unrealized Losses in Investment Income (Loss) Fair Value Available-for-sale - Convertible debentures (1) $ 8,246 $ 2,393 $ (2,512 ) $ 8,127 June 30, 2022 (dollars in thousands) Amortized Cost Gross Unrealized Gains in Other Comprehensive Income (Loss) Gross Unrealized Losses in Investment Income (Loss) Fair Value Available-for-sale - Convertible debentures (1) $ 8,576 $ 4,588 $ (2,539 ) $ 10,625 December 31, 2022 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures (1) $ 1,000 $ - $ (251 ) $ 749 June 30, 2022 (dollars in thousands) Amortized Cost Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity - Debentures (1) $ 1,000 $ - $ (133 ) $ 867
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2022 Available-for-sale Held-to-maturity debt securities debt securities Convertible Due after one year (dollars in thousands) debentures (1) through five years Amortized Cost $ 8,246 $ 1,000 Fair Value $ 8,127 $ 749
Schedule of Derivative Instruments [Table Text Block]	December 31, 2022 June 30, 2022 Other Assets Other Assets Investments in Investments in available-for-sale available-for-sale (dollars in thousands) debt securities debt securities Embedded Derivatives: Equity price risk exposure $ 29 $ 3 Six Months Ended Three Months Ended December 31, December 31, 2022 2021 2022 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 $ 26 $ (559 ) $ 26 $ (121 )
Equity Securities without Readily Determinable Fair Value [Table Text Block]	Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Other Investments Carrying value $ 2,633 $ 3,551 $ 2,633 $ 3,551 Upward carrying value changes $ 5 $ - $ 5 $ - Downward carrying value changes/impairment $ (1,841 ) $ - $ (2 ) $ -
Investment Income [Table Text Block]	Six Months Ended Three Months Ended (dollars in thousands) December 31, December 31, Investment income (loss) 2022 2021 2022 2021 Realized gains on equity securities $ - 1,853 $ - $ 43 Realized gains on debt securities 905 1,170 436 569 Unrealized gains (losses) on equity securities (2,868 ) (1,903 ) (937 ) 455 Unrealized gains (losses) on embedded derivatives 26 (559 ) 26 (121 ) Dividend and interest income 900 1,104 481 607 Realized foreign currency gains (losses) (307 ) (120 ) 110 26 Total Investment Income (Loss) $ (1,344 ) $ 1,545 $ 116 $ 1,579
Unrealized Gain (Loss) on Investments [Table Text Block]	Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Net gains and losses recognized during the period on equity securities $ (2,868 ) $ (50 ) $ (937 ) $ 498 Less: Net gains and losses recognized during the period on equity securities sold during the period - 183 - (1 ) Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date (1) $ (2,868 ) $ (233 ) $ (937 ) $ 499

Note 3 - Investment Managemen_2

Note 3 - Investment Management and Other Fees (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 ETF advisory fees $ 7,218 $ 10,768 $ 3,305 $ 5,452 USGIF advisory fees 1,135 1,898 525 932 USGIF performance fees earned (paid) (281 ) 329 (135 ) 141 Total Advisory Fees 8,072 12,995 3,695 6,525 USGIF administrative services fees 68 100 33 49 Total Operating Revenue $ 8,140 $ 13,095 $ 3,728 $ 6,574

Note 4 - Restricted Cash and _2

Note 4 - Restricted Cash and Unrestricted Cash (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	(dollars in thousands) December 31, 2022 June 30, 2022 Cash and cash equivalents $ 23,416 $ 22,314 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 24,416 $ 23,314

Note 5 - Leases (Tables)

Note 5 - Leases (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Lease, Cost [Table Text Block]	Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of right-of-use assets $ 14 $ - $ 7 $ - Interest on lease liabilities 2 - 1 - Total finance lease cost 16 - 8 - Operating lease cost - 26 - 13 Short-term lease cost 40 62 25 36 Total lease cost $ 56 $ 88 $ 33 $ 49 Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands) 2022 2021 2022 2021 Operating cash flows from operating leases included in lease liabilities $ - $ 26 $ - $ 13 Lease liabilities obtained from new ROU assets - operating $ - $ - $ - $ - Operating cash flows from financing leases included in lease liabilities $ 2 $ - $ 1 $ - Financing cash flows from financing leases included in lease liabilities $ 13 $ - $ 8 $ - Lease liabilities obtained from new ROU assets - financing $ - $ - $ - $ - December 31, 2022 June 30, 2022 Weighted-average remaining lease term - operating leases (years) - - Weighted-average discount rate - operating leases - - Weighted-average remaining lease term - financing leases (years) 2.75 3.25 Weighted-average discount rate - financing leases 4.75 % 4.75 %
Finance Lease, Liability, to be Paid, Maturity [Table Text Block]	(dollars in thousands) Fiscal Year Finance Leases 2023 (excluding the six months ended December 31, 2022) $ 16 2024 31 2025 31 2026 8 2027 - Total lease payments 86 Less imputed interest (6 ) Total $ 80
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]	(dollars in thousands) Fiscal Year Operating Leases 2023 (excluding the six months ended December 31, 2022) $ 30 2024 42 2025 36 2026 - 2027 - Thereafter - Total lease payments $ 108

Note 8 - Earnings Per Share (Ta

Note 8 - Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Six Months Ended Three Months Ended December 31, December 31, (dollars in thousands, except per share data) 2022 2021 2022 2021 Net Income $ 976 $ 5,980 $ 869 $ 3,590 Weighted average number of outstanding shares Basic 14,919,317 15,025,953 14,889,946 15,021,792 Effect of dilutive securities Stock options 376 1,054 85 1,022 Diluted 14,919,693 15,027,007 14,890,031 15,022,814 Earnings Per Share Basic Net Income per share $ 0.07 $ 0.40 $ 0.06 $ 0.24 Diluted Net Income per share $ 0.07 $ 0.40 $ 0.06 $ 0.24

Note 10 - Accumulated Other C_2

Note 10 - Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	(dollars in thousands) Unrealized gains (losses) on available-for-sale investments Foreign currency translation adjustment (1) Total Six Months Ended December 31, 2022 Balance at June 30, 2022 $ 3,624 $ - $ 3,624 Other comprehensive loss before reclassifications (1,290 ) - (1,290 ) Tax effect 271 - 271 Amount reclassified from AOCI (905 ) - (905 ) Tax effect 190 - 190 Net other comprehensive loss (1,734 ) - (1,734 ) Balance at December 31, 2022 $ 1,890 $ - $ 1,890 Six Months Ended December 31, 2021 Balance at June 30, 2021 $ 6,564 $ 23 $ 6,587 Other comprehensive loss before reclassifications (363 ) (10 ) (373 ) Tax effect 76 - 76 Amount reclassified from AOCI (1,170 ) - (1,170 ) Tax effect 245 - 245 Net other comprehensive loss (1,212 ) (10 ) (1,222 ) Balance at December 31, 2021 $ 5,352 $ 13 $ 5,365

Note 11 - Financial Informati_2

Note 11 - Financial Information by Business Segment (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(dollars in thousands) Investment Management Services Corporate Investments Consolidated Six Months Ended December 31, 2022 Net operating revenues $ 8,140 $ - $ 8,140 Investment loss $ - $ (1,344 ) $ (1,344 ) Other income $ 123 $ - $ 123 Income (loss) before income taxes $ 2,646 $ (1,374 ) $ 1,272 Depreciation $ 122 $ - $ 122 Gross identifiable assets at December 31, 2022 $ 23,952 $ 29,390 $ 53,342 Deferred tax asset $ 1,609 Consolidated total assets at December 31, 2022 $ 54,951 Six Months Ended December 31, 2021 Net operating revenues $ 13,095 $ - $ 13,095 Investment income $ - $ 1,545 $ 1,545 Loss from equity method investments $ - $ (33 ) $ (33 ) Other income $ 115 $ - $ 115 Income before income taxes $ 6,138 $ 1,295 $ 7,433 Depreciation $ 104 $ - $ 104 Gross identifiable assets at December 31, 2021 $ 23,386 $ 40,805 $ 64,191 Three Months Ended December 31, 2022 Net operating revenues $ 3,728 $ - $ 3,728 Investment income $ - $ 116 $ 116 Other income $ 62 $ - $ 62 Income before income taxes $ 985 $ 101 $ 1,086 Depreciation $ 61 $ - $ 61 Three Months Ended December 31, 2021 Net operating revenues $ 6,574 $ - $ 6,574 Investment income $ - $ 1,579 $ 1,579 Loss from equity method investments $ - $ (48 ) $ (48 ) Other income $ 59 $ - $ 59 Income before income taxes $ 3,025 $ 1,504 $ 4,529 Depreciation $ 56 $ - $ 56

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ in Millions	Dec. 31, 2022	Jun. 30, 2022
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 12.7	$ 12.8

Note 1 - Basis of Presentatio_3

Note 1 - Basis of Presentation - Carrying Amount of Assets and Liabilities associated with VIE's (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Investments in securities at fair value, current	$ 11,991	$ 12,138
Investments in equity securities at fair value, non-current	1,273	2,162
Total VIE assets, maximum exposure to loss	54,951	58,362	$ 64,191
Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in securities at fair value, current	11,991	12,138
Investments in equity securities at fair value, non-current	630	623
Other receivables	38	21
Total VIE assets, maximum exposure to loss	12,659	12,782
Other accrued expenses	0	110
Total carrying amount	$ 12,659	$ 12,672

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	3 Months Ended				6 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares		Dec. 31, 2021 USD ($)	Mar. 31, 2021 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares shares		Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 $ / shares	Sep. 30, 2021	Mar. 31, 2021 $ / shares
Investment Owned, at Fair Value	$ 21,400,000				$ 21,400,000
Investment Owned, at Cost	$ 28,200,000				$ 28,200,000
Value of Fair Value Investments to Company Assets, Percent	38.90%				38.90%
Equity Securities without Readily Determinable Fair Value, Amount	$ 2,633,000		$ 3,551,000		$ 2,633,000		$ 3,992,000	$ 3,551,000
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total	1,000,000				1,000,000		1,000,000
Equity Securities, FV-NI, Total	13,264,000				13,264,000		14,300,000
Debt Securities, Available-for-Sale, Total	8,127,000	[1]			8,127,000	[1]	10,625,000
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	(904,000)		(140,000)		(1,019,000)			(287,000)
Investment Income, Net, Total	116,000		1,579,000		(1,344,000)			1,545,000
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss	251,000	[2]			251,000	[2]	133,000
Debt Securities, Available-for-Sale, Periodic Principal Payments					750,000
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount	2,500,000				2,500,000
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount	3,300,000				3,300,000
Income (Loss) from Equity Method Investments	0		(48,000)		0			(33,000)
Realized Gain (Loss) on Principal Payment Proceeds	436,000		569,000		905,000			1,200,000
Equity Securities Without Readily Determinable Fair Values, Unrealized Gain (Loss)	5,000		0		1,800,000			0
U S Global Investors Funds [Member]
Investment Owned, at Fair Value	12,600,000				12,600,000		12,800,000
HIVE Blockchain Technologies Ltd. [Member] | Convertible Securities [Member]
Investment Owned, Balance, Principal Amount				$ 15,000,000
HIVE Blockchain Technologies Ltd. [Member] | Warrants and Convertible Debentures [Member] | Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities and Equity Securities [Member]
Investment Owned, at Fair Value	8,200,000				8,200,000		11,100,000
HIVE Blockchain Technologies Ltd. [Member] | Unsecured Convertible Debentures [Member]
Debt Securities, Available-for-Sale, Total	$ 8,100,000			16,000,000	$ 8,100,000		10,600,000
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax				$ 6,900,000
HIVE Blockchain Technologies Ltd. [Member] | Unsecured Convertible Debentures [Member] | Convertible Debt Securities [Member]
Debt Instrument, Interest Rate, Stated Percentage				8%
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares	$ 11.70			$ 2.34	$ 11.70
Investment Income, Net, Total	$ 436,000		569,000		$ 905,000			1,200,000
HIVE Blockchain Technologies Ltd. [Member] | Common Shares Purchase Warrants [Member]
Investment, Common Share Purchase Warrants (in shares) | shares	5,000,000				5,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ / shares									$ 15		$ 3
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares	5				5
Equity Securities, FV-NI, Total	$ 26,000			$ 5,900,000	$ 26,000		515,000,000,000
HIVE Blockchain Technologies Ltd. [Member] | Convertible Securities [Member]
Investment Owned, Balance, Principal Amount	9,100,000				9,100,000
Thunderbird Entertainment Group [Member]
Equity Securities, FV-NI, Realized Gain			43,000					1,900,000
The Sonar Company [Member]
Equity Securities without Readily Determinable Fair Value, Amount	362,000				362,000
Other Investments and Securities, at Cost	$ 175,000				$ 175,000
Investment Owned, Direct Percentage	2.80%				2.80%
Galileo New Economy Fund L P [Member]
Equity Method Investment, Ownership Percentage										22%
Income (Loss) from Equity Method Investments			$ 48,000					$ 33,000
Galileo New Economy Fund L P [Member] | Cash [Member]
Proceeds from Equity Method Investment, Distribution, Return of Capital							85,000
Galileo New Economy Fund L P [Member] | Common Shares [Member]
Proceeds from Equity Method Investment, Distribution, Return of Capital							$ 228,000
[1]Principal payments of $750,000 are due quarterly with a final maturity date in January 2026.[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.

Note 2 - Investments - Investme

Note 2 - Investments - Investments With Fair Values Adjusted on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022		Jun. 30, 2022
Investments in equity securities	$ 13,264		$ 14,300
Investments in debt securities	8,127	[1]	10,625
Fair Value, Recurring [Member]
Investments in equity securities	13,264		14,300
Investments in debt securities	8,127		10,625
Total investments carried at fair value	21,391		24,925
Fair Value, Nonrecurring [Member]
Total investments carried at fair value	1,439	[2]	781
Equity Securities International [Member]
Investments in equity securities	643		1,539
Equity Securities International [Member] | Fair Value, Recurring [Member]
Investments in equity securities	643		1,539
Mutual Funds Fixed Income [Member]
Investments in equity securities	11,991		12,138
Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Investments in equity securities	11,991		12,138
Mutual Funds Global Equity [Member]
Investments in equity securities	630		623
Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Investments in equity securities	630		623
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Investments in equity securities	13,238		13,785
Investments in debt securities	0		0
Total investments carried at fair value	13,238		13,785
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member]
Total investments carried at fair value	0	[2]	0
Fair Value, Inputs, Level 1 [Member] | Equity Securities International [Member] | Fair Value, Recurring [Member]
Investments in equity securities	617		1,024
Fair Value, Inputs, Level 1 [Member] | Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Investments in equity securities	11,991		12,138
Fair Value, Inputs, Level 1 [Member] | Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Investments in equity securities	630		623
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Investments in equity securities	0		0
Investments in debt securities	0		0
Total investments carried at fair value	0		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member]
Total investments carried at fair value	0	[2]	0
Fair Value, Inputs, Level 2 [Member] | Equity Securities International [Member] | Fair Value, Recurring [Member]
Investments in equity securities	0		0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Investments in equity securities	0		0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Investments in equity securities	0		0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Investments in equity securities	26		515
Investments in debt securities	8,127		10,625
Total investments carried at fair value	8,153		11,140
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]
Total investments carried at fair value	1,439	[2]	781
Fair Value, Inputs, Level 3 [Member] | Equity Securities International [Member] | Fair Value, Recurring [Member]
Investments in equity securities	26		515
Fair Value, Inputs, Level 3 [Member] | Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Investments in equity securities	0		0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Investments in equity securities	$ 0		$ 0
[1]Principal payments of $750,000 are due quarterly with a final maturity date in January 2026.[2]Other investments include equity securities without readily determinable fair values that were adjusted as a result of the measurement alternative on dates during the three months ended September 30, 2022. These securities are classified as level 3 due to the infrequency of the observable price changes and/or restrictions on the shares.

Note 2 - Investments - Reconcil

Note 2 - Investments - Reconciliation of Investments Recorded at Fair Value (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2022 USD ($)
Equity Securities [Member]
Beginning Balance	$ 515
Principal repayments	0
Amortization of day one premium	0
Accretion of bifurcation discount	0
Total gains or losses (realized/unrealized) included in Investment Income (Loss)	(489)
Total gains or losses (realized/unrealized) included in Other Comprehensive Income (Loss)	0
Ending Balance	26
Debt Securities [Member]
Beginning Balance	10,625
Principal repayments	(1,500)
Amortization of day one premium	(136)
Accretion of bifurcation discount	403
Total gains or losses (realized/unrealized) included in Investment Income (Loss)	930
Total gains or losses (realized/unrealized) included in Other Comprehensive Income (Loss)	(2,195)
Ending Balance	$ 8,127

Note 2 - Investments - Securiti

Note 2 - Investments - Securities Measured and Carried at Fair Value on Recurring Basis With Significant Unobservable Inputs (Details) $ in Thousands	Dec. 31, 2022 USD ($)		Jun. 30, 2022 USD ($)
Investments in equity securities	$ 13,264		$ 14,300
Investments in debt securities	$ 8,127	[1]	$ 10,625
Measurement Input, Price Volatility [Member]
Investments in equity securities, unobservable inputs	0.958
Investments in debt securities, unobservable input	1.051
Measurement Input, Discount Rate [Member]
Investments in debt securities, unobservable input	0.158
Valuation Technique, Option Pricing Model [Member]
Investments in equity securities	$ 26
Valuation Technique, Binomial Lattice Model [Member]
Investments in debt securities	$ 8,127
[1]Principal payments of $750,000 are due quarterly with a final maturity date in January 2026.

Note 2 - Investments - Componen

Note 2 - Investments - Components of Investments (Details) - USD ($)		Dec. 31, 2022		Jun. 30, 2022
Cost		$ 19,967,000		$ 19,967,000
Unrealized gains losses		(6,703,000)		(5,667,000)
Investments in equity securities		13,264,000		14,300,000
Amortized cost		8,246,000	[1]	8,576,000
Unrealized gains		2,393,000		4,588,000
Available-for-sale - Convertible debentures (1)		(2,512,000)		(2,539,000)
Investments in debt securities		8,127,000	[1]	10,625,000
Amortized cost, held-to-maturity	[2]	1,000,000		1,000,000
Unrecognized gains, held-to-maturity		0	[2]	0
Unrecognized losses, held-to-maturity		(251,000)	[2]	(133,000)
Fair value, held-to-maturity		749,000	[2]	867,000
Equity Securities International [Member]
Cost		6,680,000		6,680,000
Unrealized gains losses		(6,037,000)		(5,141,000)
Investments in equity securities		643,000		1,539,000
Equity Securities Domestic [Member]
Cost		45,000		45,000
Unrealized gains losses		(45,000)		(45,000)
Investments in equity securities		0		0
Mutual Funds Fixed Income [Member]
Cost		12,313,000		12,313,000
Unrealized gains losses		(322,000)		(175,000)
Investments in equity securities		11,991,000		12,138,000
Mutual Funds Global Equity [Member]
Cost		929,000		929,000
Unrealized gains losses		(299,000)		(306,000)
Investments in equity securities		$ 630,000		$ 623,000
[1]Principal payments of $750,000 are due quarterly with a final maturity date in January 2026.[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.

Note 2 - Investments - Invest_2

Note 2 - Investments - Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Dec. 31, 2022		Jun. 30, 2022
Amortized cost	$ 8,246	[1]	$ 8,576
Amortized Cost	1,000
Investments in debt securities	8,127	[1]	$ 10,625
Fair Value, held to maturity debt securities, due after five years through ten years	$ 749
[1]Principal payments of $750,000 are due quarterly with a final maturity date in January 2026.

Note 2 - Investments - Fair Val

Note 2 - Investments - Fair Value and Effect of Embedded Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Equity price risk exposure, asset	$ 29		$ 29		$ 3
Equity price risk exposure	26	$ 121	26	$ 559
Equity price risk exposure	$ (26)	$ (121)	$ (26)	$ (559)

Note 2 - Investments - Carrying

Note 2 - Investments - Carrying Value of Equity Securities Without Readily Determinable Fair Values (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Other investments	$ 2,633	$ 3,551	$ 2,633	$ 3,551	$ 3,992
Upward carrying value changes	5	0	5	0
Downward carrying value changes/impairment	$ (2)	$ 0	$ (1,841)	$ 0

Note 2 - Investments - Invest_3

Note 2 - Investments - Investment Income or Loss Reflected in Earnings From Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Realized gains on equity securities	$ 0	$ 43	$ 0	$ 1,853
Realized gains on debt securities	436	569	905	1,170
Unrealized gains (losses) on equity securities	(937)	455	(2,868)	(1,903)
Unrealized gains (losses) on embedded derivatives	26	(121)	26	(559)
Dividend and interest income	481	607	900	1,104
Realized foreign currency gains (losses)	110	26	(307)	(120)
Total Investment Income (Loss)	$ 116	$ 1,579	$ (1,344)	$ 1,545

Note 2 - Investments - Unrealiz

Note 2 - Investments - Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Net gains and losses recognized during the period on equity securities	$ (937)	$ 498	$ (2,868)	$ (50)
Less: Net gains and losses recognized during the period on equity securities sold during the period	0	(1)	0	183
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date (1)	$ (937)	$ 499	$ (2,868)	$ (233)

Note 3 - Investment Managemen_3

Note 3 - Investment Management and Other Fees (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Fund Clients [Member]
Receivables, Net, Current, Total	$ 1,300,000		$ 1,300,000		$ 1,600,000
U S Global E T Fs [Member]
Unitary Management Fee, Percentage of Average Net Assets			0.60%
U S Global E T Fs [Member] | Fund Clients [Member]
Receivables, Net, Current, Total	1,200,000		$ 1,200,000		1,400,000
U S Global Jets U C I T S E T F [Member]
Unitary Management Fee, Percentage of Average Net Assets			0.65%
U S Global Investors Funds [Member]
Aggregate Fees Waived and Expenses Borne	303,000	$ 161,000	$ 523,000	$ 319,000
Annual Administrative Fee Rate			0.05%
U S Global Investors Funds [Member] | Fund Clients [Member]
Receivables, Net, Current, Total	$ 150,000		$ 150,000		$ 188,000
U S Global Investors Funds [Member] | Equity Funds [Member]
Investment Advisory Fees, Fee Adjustment Base Percentage Adjustment When Fund Performance is Not Within Limits to Benchmark Index	0.25%		0.25%
Investment Advisory Fees, Fee Adjustment Percent, Minimum Performance to Designed Benchmark Over Prior Rolling 12 Months	5%		5%

Note 3 - Investment Managemen_4

Note 3 - Investment Management and Other Fees - Operating Revenues Disaggregated by Performance Obligation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer, Including Assessed Tax	$ 3,728	$ 6,574	$ 8,140	$ 13,095
Investment And Advisory Services [Member]
Revenue from Contract with Customer, Including Assessed Tax	3,695	6,525	8,072	12,995
Investment And Advisory Services [Member] | U S Global E T Fs [Member]
Revenue from Contract with Customer, Including Assessed Tax	3,305	5,452	7,218	10,768
Investment And Advisory Services [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	525	932	1,135	1,898
Investment Performance [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	(135)	141	(281)	329
Administrative Service [Member]
Revenue from Contract with Customer, Including Assessed Tax	33	49	68	100
Administrative Service [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 33	$ 49	$ 68	$ 100

Note 4 - Restricted Cash and _3

Note 4 - Restricted Cash and Unrestricted Cash - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022
Cash and cash equivalents	$ 23,416	$ 23,416	$ 22,314
Restricted cash	$ 1,000	1,000	1,000
Total cash, cash equivalents, and restricted cash		$ 24,416	$ 23,314

Note 5 - Leases (Details Textua

Note 5 - Leases (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Lease, Cost, Total	$ 33,000	$ 49,000	$ 56,000	$ 88,000
Operating Lease, Lease Income, Total	31,000	29,000	65,000	55,000
Other Assets [Member]
Lessor, Cost, Contracts Asset	6,000		6,000		$ 9,000
Continuing Operations [Member]
Lease, Cost, Total	$ 32,000	$ 49,000	$ 54,000	$ 88,000

Note 5 - Leases - Lease Expense

Note 5 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Amortization of right-of-use assets	$ 7	$ 0	$ 14	$ 0
Interest on lease liabilities	1	0	2	0
Total finance lease cost	8	0	16	0
Operating lease cost	0	13	0	26
Short-term lease cost	25	36	40	62
Total lease cost	33	49	56	88
Operating cash flows from operating leases included in lease liabilities	0	13	0	26
Lease liabilities obtained from new ROU assets - operating	0	0	0	0
Operating cash flows from financing leases included in lease liabilities	1	0	2	0
Financing cash flows from financing leases included in lease liabilities	8	0	13	0
Lease liabilities obtained from new ROU assets - financing	$ 0	$ 0	$ 0	$ 0
Weighted-average discount rate - operating leases	0%		0%		0%
Weighted-average remaining lease term - financing leases (years) (Year)	2 years 9 months		2 years 9 months		3 years 3 months
Weighted-average discount rate - financing leases	4.75%		4.75%		4.75%

Note 5 - Leases - Maturities of

Note 5 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023 (excluding the six months ended December 31, 2022)	$ 16
2024	31
2025	31
2026	8
2027	0
Total lease payments	86
Less imputed interest	(6)
Total	$ 80

Note 5 - Leases - Summary Analy

Note 5 - Leases - Summary Analysis of Annual Undiscounted Cash Flows to be Received on Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023 (excluding the six months ended December 31, 2022)	$ 30
2024	42
2025	36
2026	0
2027	0
Thereafter	0
Total lease payments	$ 108

Note 6 - Borrowings (Details Te

Note 6 - Borrowings (Details Textual) $ in Millions	Dec. 31, 2022 USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 1

Note 7 - Shareholders' Equity (

Note 7 - Shareholders' Equity (Details Textual) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		8 Months Ended	15 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2022	Feb. 25, 2022	Feb. 24, 2022
Payments for Repurchase of Common Stock						$ 382,000	$ 136,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		0		0		0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)		0		0		2,000	0
Share-Based Payment Arrangement, Expense		$ 0		$ 345,000		$ 0	$ 733,000
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 0	$ 0		$ 0		$ 0	$ 0		$ 0
Plan1989 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	229,000	229,000		231,000		229,000	231,000		229,000
Treasury Stock, Common [Member]
Treasury Stock, Shares, Acquired (in shares)		87,407	39,965	10,457	13,647
Common Class A [Member] | Plan1989 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 6.05	$ 6.05		$ 6.05		$ 6.05	$ 6.05		$ 6.05
Common Class A [Member] | Plan1997 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	2,000	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, Ending Balance (in dollars per share)	$ 2.74	$ 2.74		$ 2.74		$ 2.74	$ 2.74		$ 2.74
Common Class A [Member] | Treasury Stock, Common [Member]
Treasury Stock, Shares, Acquired (in shares)		87,407		10,457		127,372	24,104
Payments for Repurchase of Common Stock		$ 249,000		$ 54,000		$ 382,000	$ 136,000
Share Repurchase Plan Renewal December2012 December2020 [Member]
Stock Repurchase Program, Authorized Amount	$ 5,000,000	$ 5,000,000				$ 5,000,000			$ 5,000,000	$ 5,000,000	$ 2,750,000
Monthly Dividends Paid [Member]
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0.0075							$ 0.0050	$ 0.0075

Note 8 - Earnings Per Share (De

Note 8 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	229,000	231,000	229,000	231,000

Note 8 - Earnings Per Share - B

Note 8 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 869	$ 107	$ 3,590	$ 2,390	$ 976	$ 5,980
Basic weighted average number of common shares outstanding (in shares)	14,889,946		15,021,792		14,919,317	15,025,953
Stock options (in shares)	85		1,022		376	1,054
Diluted (in shares)	14,890,031		15,022,814		14,919,693	15,027,007
Basic Net Income per share (in dollars per share)	$ 0.06		$ 0.24		$ 0.07	$ 0.40
Diluted Net Income per share (in dollars per share)	$ 0.06		$ 0.24		$ 0.07	$ 0.40

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards	$ 0
Tax Credit Carryforward, Amount	0
Foreign Tax Authority [Member] | Canada Revenue Agency [Member]
Operating Loss Carryforwards	30,000
Tax Credit Carryforward, Amount	0
Deferred Tax Assets, Valuation Allowance	$ 8,000	$ 0

Note 10 - Accumulated Other C_3

Note 10 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022		Dec. 31, 2021
Balance	$ 54,164		$ 54,324
Balance	52,380		59,029
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	3,624		6,564
Other comprehensive loss before reclassifications	(1,290)		(363)
Tax effect	271		76
Amount reclassified from AOCI	(905)		(1,170)
Tax effect	190		245
Net other comprehensive loss	(1,734)		(1,212)
Balance	1,890		5,352
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	0	[1]	23
Other comprehensive loss before reclassifications	0		(10)
Tax effect	0	[1]	0
Amount reclassified from AOCI	0	[1]	0
Tax effect	0	[1]	0
Net other comprehensive loss	0		(10)
Balance	0	[1]	13
AOCI Attributable to Parent [Member]
Balance	3,624		6,587
Other comprehensive loss before reclassifications	(1,290)		(373)
Tax effect	271		76
Amount reclassified from AOCI	(905)		(1,170)
Tax effect	190		245
Net other comprehensive loss	(1,734)		(1,222)
Balance	$ 1,890		$ 5,365
[1]Amounts include no tax expense or benefit.

Note 11 - Financial Informati_3

Note 11 - Financial Information by Business Segment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer, Including Assessed Tax	$ 3,728,000	$ 6,574,000	$ 8,140,000	$ 13,095,000
Investment Management Services [Member]
Revenue from Contract with Customer, Including Assessed Tax	3,728,000	6,574,000	8,140,000	13,095,000
Investment Management Services [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	423,000	922,000	1,100,000	2,300,000
Investment Management Services [Member] | U S Global E T Fs [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 3,300,000	$ 5,500,000	$ 7,200,000	$ 10,800,000

Note 11 - Financial Informati_4

Note 11 - Financial Information by Business Segment - Total Revenues and Income by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Revenue from Contract with Customer, Including Assessed Tax	$ 3,728	$ 6,574	$ 8,140	$ 13,095
Investment Income, Net, Total	116	1,579	(1,344)	1,545
Other income	62	59	123	115
Income (loss) before income taxes	1,086	4,529	1,272	7,433
Depreciation	61	56	122	104
Gross identifiable assets	53,342		53,342
Deferred tax asset	1,609		1,609		$ 872
Consolidated total assets	54,951	64,191	54,951	64,191	$ 58,362
Income (Loss) from Equity Method Investments	0	(48)	0	(33)
Investment Management Services [Member]
Revenue from Contract with Customer, Including Assessed Tax	3,728	6,574	8,140	13,095
Investment Income, Net, Total	0	0	0	0
Other income	62	59	123	115
Income (loss) before income taxes	985	3,025	2,646	6,138
Depreciation	61	56	122	104
Gross identifiable assets	23,952		23,952
Deferred tax asset
Consolidated total assets		23,386		23,386
Income (Loss) from Equity Method Investments		0		0
Corporate Investments [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Investment Income, Net, Total	116	1,579	(1,344)	1,545
Other income	0	0	0	0
Income (loss) before income taxes	101	1,504	(1,374)	1,295
Depreciation	0	0	0	0
Gross identifiable assets	29,390		29,390
Deferred tax asset
Consolidated total assets		40,805		40,805
Income (Loss) from Equity Method Investments		$ (48)		$ (33)

Note 12 - Contingencies and C_2

Note 12 - Contingencies and Commitments (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Dividends, Common Stock, Cash		$ 335,000	$ 335,000	$ 338,000	$ 338,000
Monthly Dividend [Member] | Forecast [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.0075
Dividends, Common Stock, Cash	$ 335,000

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual)	3 Months Ended
	Mar. 31, 2023 $ / shares
Monthly Dividend [Member] | Forecast [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.0075