U.S. Global Investors (GROW) 10-Q 7 Nov 24 2025 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
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	Q1
Document Fiscal Year Focus	2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,866,999

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Current Assets
Cash and cash equivalents	$ 27,336	$ 27,399
Restricted cash	1,000	1,000
Investments in trading securities at fair value, current	9,713	9,644
Accounts and other receivables (net of allowance for credit losses of $0, and $0, respectively)	991	1,047
Tax receivable	742	729
Prepaid expenses	359	498
Total Current Assets	40,141	40,317
Net Property and Equipment	1,132	1,154
Other Assets
Deferred tax asset	1,804	1,833
Investments in trading securities at fair value, non-current	1,453	1,449
Investments in available-for-sale debt securities at fair value (amortized cost: $5,717, and $6,204, respectively) (net of allowance for credit losses of $0, and $0, respectively)	3,742	4,414
Investments in held-to-maturity debt securities at amortized cost	1,000	1,000
Less: Allowance for credit losses	(109)	(132)
Investments in held-to-maturity debt securities, net of allowance for credit losses	891	868
Other investments	1,687	1,687
Financing lease, right of use assets	32	38
Other assets, non-current	202	203
Total Other Assets	9,811	10,492
Total VIE assets, maximum exposure to loss	51,084	51,963
Current Liabilities
Accounts payable	4	14
Accrued compensation and related costs	398	609
Dividends payable	309	313
Financing lease liability, short-term	33	31
Other accrued expenses	1,171	1,197
Total Current Liabilities	1,915	2,164
Long-Term Liabilities
Reserve for uncertain tax positions	802	785
Financing lease liability, long-term	0	8
Total Long-Term Liabilities	802	793
Total Liabilities	2,717	2,957
Commitments and Contingencies (Note 13)
Shareholders’ Equity
Additional paid-in-capital	16,442	16,443
Treasury stock, class A shares at cost; 2,304,738 and 2,113,516 shares at September 30, 2024, and June 30, 2024, respectively	(6,387)	(5,880)
Accumulated other comprehensive income, net of tax	442	584
Retained earnings	37,471	37,460
Total Shareholders’ Equity	48,367	49,006
Total Liabilities and Shareholders’ Equity	51,084	51,963
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) - USD ($) $ in Thousands	Sep. 30, 2024		Jun. 30, 2024
Accounts and other receivables, allowance for credit loss	$ 0		$ 0
Investments in available-for-sale debt securities, amortized cost	5,717	[1]	6,204
Investments in available-for-sale debt securities, allowance for credit loss	$ 0		$ 0
Treasury shares (in shares)	2,304,738		2,113,516
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)	11,562,261		11,753,483
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
[1]Principal payments of $750,000 are due quarterly with a final maturity in January 2026.

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Revenues
Revenues	$ 2,157	$ 3,133
Operating Expenses
Employee compensation and benefits	1,081	1,274
General and administrative	1,503	1,501
Advertising	109	81
Depreciation	22	61
Interest	1	1
Total Operating Expenses	2,716	2,918
Operating Income (Loss)	(559)	215
Other Income (Loss)
Net investment income (loss)	917	(513)
Other Nonoperating Income	78	57
Total Other Income (Loss)	995	(456)
Income (Loss) Before Income Taxes	436	(241)
Provision for Income Taxes
Tax expense (benefit)	121	(65)
Net Income (Loss)	$ 315	$ (176)
Earnings (Loss) Per Share
Basic Net Income (Loss) per share (in dollars per share)	$ 0.02	$ (0.01)
Diluted Net Income (Loss) per share (in dollars per share)	$ 0.02	$ (0.01)
Basic weighted average number of common shares outstanding (in shares)	13,714,517	14,465,510
Diluted weighted average number of common shares outstanding (in shares)	13,714,517	14,465,701
Investment Advisory Services [Member]
Operating Revenues
Revenues	$ 2,127	$ 3,103
Administrative Service [Member]
Operating Revenues
Revenues	$ 30	$ 30

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net income (loss)	$ 315	$ (176)
Other Comprehensive Income (Loss)
Unrealized gains (losses) on available-for-sale securities arising during period, net of tax	18	51
Less: reclassification adjustment for gains included in net income (loss), net of tax	(160)	(265)
Net change from available-for-sale securities	(142)	(214)
Other Comprehensive Income (Loss)	(142)	(214)
Comprehensive Income (Loss)	$ 173	$ (390)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] Common Class A [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] Common Class C [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Treasury Stock, Common [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Class A [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Class C [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Treasury Stock, Common [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	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) (Accounting Standards Update 2016-13 [Member]) at Jun. 30, 2023								13,866,999	2,068,549		1,370,325
Balance (in shares) at Jun. 30, 2023															13,866,999	2,068,549			1,370,325
Balance (Accounting Standards Update 2016-13 [Member]) at Jun. 30, 2023	$ 0	$ 0	$ 0	$ 0	$ 0	$ (183)	$ (183)	$ 347	$ 52	$ 16,442	$ (3,740)	$ 1,348	$ 37,389	$ 51,838
Balance at Jun. 30, 2023															$ 347	$ 52	$ 16,442		$ (3,740)	$ 1,348	$ 37,572	$ 52,021
Repurchases of shares of Common Stock (class A), including excise tax															$ 0	$ 0	0		$ (617)	0	0	(617)
Repurchases of shares of Common Stock (class A), including excise tax (in shares)																		198,213	198,213
Issuance of stock under ESPP of shares of Common Stock (class A) (in shares)															0	0			(5,494)
Issuance of stock under ESPP of shares of Common Stock (class A)															$ 0	$ 0	2		$ 15	0	0	17
Dividends declared															0	0	0		0	0	(322)	(322)
Other Comprehensive Income (Loss), Net of Tax															0	0	0		0	(214)	0	(214)
Net income (loss)															$ 0	$ 0	0		$ 0	0	(176)	(176)
Balance (in shares) at Sep. 30, 2023															13,866,999	2,068,549			1,563,044
Balance at Sep. 30, 2023															$ 347	$ 52	16,444		$ (4,342)	1,134	36,891	50,526
Balance (in shares) at Jun. 30, 2024															13,866,999	2,068,549			2,113,516
Balance at Jun. 30, 2024															$ 347	$ 52	16,443		$ (5,880)	584	37,460	49,006
Repurchases of shares of Common Stock (class A), including excise tax															$ 0	$ 0	0		$ (525)	0	0	(525)
Repurchases of shares of Common Stock (class A), including excise tax (in shares)																		197,887	197,887
Issuance of stock under ESPP of shares of Common Stock (class A) (in shares)															0	0			(6,665)
Issuance of stock under ESPP of shares of Common Stock (class A)															$ 0	$ 0	(1)		$ 18	0	0	17
Dividends declared															0	0	0		0	0	(304)	(304)
Other Comprehensive Income (Loss), Net of Tax															0	0	0		0	(142)	0	(142)
Net income (loss)															$ 0	$ 0	0		$ 0	0	315	315
Balance (in shares) at Sep. 30, 2024															13,866,999	2,068,549			2,304,738
Balance at Sep. 30, 2024															$ 347	$ 52	$ 16,442		$ (6,387)	$ 442	$ 37,471	$ 48,367

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities:
Net income (loss)	$ 315	$ (176)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization and accretion	(38)	(38)
Net realized (gains) losses on securities	(203)	482
Unrealized (gains) losses on securities	(68)	522
Provision for deferred taxes	67	(265)
Reserve for uncertain tax positions	17	34
Allowance for credit losses	(23)	(27)
Changes in operating assets and liabilities:
Accounts and other receivables	43	291
Prepaid expenses and other assets	146	172
Accounts payable and other accrued liabilities	(240)	(111)
Total adjustments	(299)	1,060
Net cash provided by (used in) operating activities	16	884
Cash Flows from Investing Activities:
Purchase of property and equipment	0	(59)
Proceeds on sale of trading securities at fair value, non-current	0	800
Proceeds from principal paydowns of available-for-sale debt securities at fair value	750	750
Net cash provided by (used in) investing activities	750	1,491
Cash Flows from Financing Activities:
Principal payments on financing lease	(8)	(7)
Issuance of common stock	17	17
Repurchases of common stock	(530)	(611)
Dividends paid	(308)	(326)
Net cash provided by (used in) financing activities	(829)	(927)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(63)	1,448
Beginning cash, cash equivalents, and restricted cash	28,399	26,401
Ending cash, cash equivalents, and restricted cash	28,336	27,849
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Dividends declared but not paid	309	324
Excise tax liability accrued on stock repurchases	5	6
Unsettled class A common stock repurchases	4	0
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	128	0
Cash paid for interest	$ 1	$ 1

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Consolidation	3 Months Ended
	Sep. 30, 2024
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 in accordance with 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 June 30, 2024 10 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 September 30, 2024 June 30, 2024 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) September 30, 2024 June 30, 2024 Investments in trading securities at fair value, current $ 9,713 $ 9,644 Investments in trading securities at fair value, non-current 858 806 Other receivables 25 28 Total VIE assets, maximum exposure to loss $ 10,596 $ 10,478 Since the Company is not 50 not not All significant intercompany balances and transactions have been eliminated in consolidation. Certain amounts have been reclassified for comparative purposes. Due to rounding, the year-to-date amount may not not may June 30, 2025 2025 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 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 July 1, 2023, one In June 2022, 2022 03, Fair Value Measurement (Topic 820 2022 03” 820, July 1, 2024. not In November 2023, 2023 07, Segment Reporting (Topic 280 2023 07” 2023 07 2025 2026. 2023 07 In December 2023, 2023 09, Income Taxes (Topic 740 2023 09” 2023 09 December 15, 2024. not 2023 09

Note 2 - Investments

Note 2 - Investments	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Investments and Other Noncurrent Assets [Text Block]	NOTE 2. As of September 30, 2024 September 30, 2024 The cost basis of investments is adjusted for amortization of premium or accretion of discount on debt securities held and 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 $10.6 million and $10.5 million as of September 30, 2024 June 30, 2024 September 30, 2024 June 30, 2024 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 one not For common share purchase warrants not may may Certain convertible debt securities not third 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 September 30, 2024 June 30, 2024 September 30, 2024 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 trading securities: Equity securities: Equities - International $ 347 $ - $ - $ 347 Mutual funds - Fixed income 9,713 - - 9,713 Mutual funds - Global equity 858 - - 858 Total equity securities 10,918 - - 10,918 Debt securities: Corporate debt securities 248 - - 248 Total investments in trading securities: 11,166 - - 11,166 Investments in available-for-sale debt securities: Corporate debt securities - Convertible debentures - - 3,742 3,742 Total investments carried at fair value on a recurring basis: $ 11,166 $ - $ 3,742 $ 14,908 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ - $ - 1. Other investments include equity securities without readily determinable fair values that are adjusted as a result of the measurement alternative. There were no three September 30, 2024 June 30, 2024 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 trading securities: Equity securities: Equities - International $ 435 $ - $ - $ 435 Mutual funds - Fixed income 9,644 - - 9,644 Mutual funds - Global equity 806 - - 806 Total equity securities 10,885 - - 10,885 Debt securities: Corporate debt securities 208 - - 208 Total investments in trading securities: 11,093 - - 11,093 Investments in available-for-sale debt securities: Corporate debt securities - Convertible debentures - - 4,414 4,414 Total investments carried at fair value on a recurring basis: $ 11,093 $ - $ 4,414 $ 15,507 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ 600 $ 600 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, 2024 3 The security classified as Level 3 January 2021. January 2026, January 2024, one not September 30, 2024 June 30, 2024 September 30, 2024 August 2018 January 2023, The Company recorded the debentures 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 net investment income (loss) ratably using the effective interest method until maturity, conversion, or other disposition. The fair value of the debentures was $3.7 million and $4.4 million at September 30, 2024 June 30, 2024 September 30, 2024 The Company utilizes an independent third 3 3 three September 30, 2024 Changes in Level 3 Three Months Ended September 30, 2024 Investments in (dollars in thousands) debt securities Beginning Balance $ 4,414 Principal repayments (750 ) Amortization of day one premium (31 ) Accretion of bifurcation discount 91 Total gains or losses included in: Net Investment Income (Loss) 198 Other Comprehensive Income (Loss) (180 ) Ending Balance $ 3,742 The following is quantitative information as of September 30, 2024 June 30, 2024 3 September 30, 2024 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in available-for-sale debt securities: Corporate debt securities - Convertible debentures $ 3,742 Binomial lattice model Volatility 90.0 % Credit Spread 7.90 % Risk-Free Rate 3.15 % June 30, 2024 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in available-for-sale debt securities: Corporate debt securities - convertible debentures $ 4,414 Binomial lattice model Volatility 95.0 % Credit Spread 8.2 % Risk-Free Rate 4.1 % Investments in Trading Securities at Fair Value Investments in trading 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 trading securities carried at fair value as of September 30, 2024 June 30, 2024 September 30, 2024 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Trading securities at fair value Equity securities: Equities - International $ 762 $ (415 ) $ 347 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 9,869 (156 ) 9,713 Mutual funds - Global equity 929 (71 ) 858 Total equity securities at fair value 11,605 (687 ) 10,918 Debt securities: Corporate debt securities 215 33 248 Total trading securities at fair value $ 11,820 $ (654 ) $ 11,166 June 30, 2024 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Trading securities at fair value Equity securities: Equities - International $ 762 $ (327 ) $ 435 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 9,869 (225 ) 9,644 Mutual funds - Global equity 929 (123 ) 806 Total equity securities at fair value 11,605 (720 ) 10,885 Debt securities: Corporate debt securities 215 (7 ) 208 Total trading securities at fair value $ 11,820 $ (727 ) $ 11,093 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, net of allowance for credit losses, 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 in earnings, and the portion of unrealized loss the Company believes is not 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 net 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 September 30, 2024 June 30, 2024 September 30, 2024 not not The following details the components of the Company’s available-for-sale debt investments as of September 30, 2024 June 30, 2024 September 30, 2024 (dollars in thousands) Amortized Cost Unrealized Gains in Other Comprehensive Income (Loss) Unrealized Losses in Other Comprehensive Income (Loss) Unrealized Losses in Net Investment Income (Loss) (1) Fair Value Allowance for Credit Losses Available-for-sale debt securities: Corporate debt securities - Convertible debentures $ 5,717 $ 560 $ - $ (2,535 ) $ 3,742 $ - June 30, 2024 (dollars in thousands) Amortized Cost Unrealized Gains in Other Comprehensive Income (Loss) Unrealized Losses in Other Comprehensive Income (Loss) Unrealized Losses in Net Investment Income (Loss) (1) Fair Value Allowance for Credit Losses Available-for-sale debt securities: Corporate debt securities - Convertible debentures $ 6,204 $ 740 $ - $ (2,530 ) $ 4,414 $ - 1. Represents changes in unrealized gains and losses related to embedded derivatives included within net investment income (loss) on the Consolidated Statements of Operations. The following table summarizes the fair values of embedded derivatives on the Consolidated Balance Sheets, categorized by risk exposure, at September 30, 2024 June 30, 2024 September 30, 2024 June 30, 2024 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 $ 7 $ 12 The following table presents the effect of embedded derivatives on the Consolidated Statements of Operations, categorized by risk exposure, for the three September 30, 2024, 2023 Three Months Ended September 30, 2024 2023 Other Income (Loss) Other Income (Loss) (dollars in thousands) Net Investment Income (Loss) Net Investment Income (Loss) Embedded Derivatives: Equity price risk exposure $ (5 ) $ (79 ) At September 30, 2024 June 30, 2024 one September 30, 2024 June 30, 2024 September 30, 2024 (dollars in thousands) Amortized Cost Allowance for Credit Losses Net Carrying Amount Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity debt securities (1) Corporate debt securities $ 1,000 $ 109 $ 891 $ - $ - $ 891 June 30, 2024 (dollars in thousands) Amortized Cost Allowance for Credit Losses Net Carrying Amount Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity debt securities (1) Corporate debt securities $ 1,000 $ 132 $ 868 $ - $ - $ 868 1. Held-to-maturity debt investments are carried at amortized cost, net of allowance for credit losses, and the fair value is classified as Level 2 On July 1, 2023, 2016 13, 2016 13, may The Company monitors the credit quality of debt securities through credit ratings from various rating agencies. Credit ratings express opinions about the credit quality of a security and are utilized by the Company to make informed decisions. Investment grade securities are rated BBB- /Baa3 September 30, 2024 June 30, 2024 not Since the held-to-maturity debt security does not three September 30, 2024 2016 13 July 1, 2023, September 30, 2023 The following table presents the activity in the allowance for credit losses for the held-to-maturity debt investment for the three September 30, 2024, 2023 no June 30, 2023. Three Months Ended September 30, (dollars in thousands) 2024 2023 Beginning Balance $ 132 $ - Impact of ASU 2016-13 adoption - 232 Provision for credit losses - reversal (1) (23 ) (27 ) Ending Balance $ 109 $ 205 1. Represents the change in present value attributable to the passage of time included in interest income. The following summarizes the net carrying amount and estimated fair value of available-for-sale and held-to-maturity debt securities at September 30, 2024 may September 30, 2024 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 $ 5,717 $ 1,000 Fair Value $ 3,742 $ 891 1. Principal payments of $750,000 are due quarterly with a final maturity date in January 2026. As of September 30, 2024 none September 30, 2024 June 30, 2024 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 $1.7 million as of June 30, 2024 September 30, 2024, 2023 Three Months Ended September 30, (dollars in thousands) 2024 2023 Other Investments Carrying value $ 1,687 $ 1,613 Upward carrying value changes $ - $ - Downward carrying value changes/impairment $ - $ (775 ) 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 September 30, 2024 September 30, 2024 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 September 30, 2024 June 30, 2024 July 2021, September 30, 2024 Net Investment Income (Loss) Net 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 net investment income (loss) reflected in earnings for the periods presented. Three Months Ended (dollars in thousands) September 30, Net Investment Income (Loss) 2024 2023 Realized gains (losses) on equity securities $ - $ (818 ) Realized gains (losses) on debt securities 203 336 Unrealized gains (losses) on equity securities 33 (443 ) Unrealized gains (losses) on debt securities 40 - Unrealized gains (losses) on embedded derivatives (5 ) (79 ) Unrealized gains (losses) on cash equivalents (1 ) (1 ) Dividend and interest income 600 582 Realized foreign currency gains (losses) 47 (90 ) Total Net Investment Income (Loss) $ 917 $ (513 ) Realized gains on debt securities reclassified from other comprehensive income (loss) related to the Company's investment in HIVE debentures were $203,000 and $336,000 for the three September 30, 2024, 2023 The following table presents unrealized gains and losses recognized during the three September 30, 2024, 2023 Three Months Ended September 30, (dollars in thousands) 2024 2023 Unrealized gains and losses for securities held at the reporting date: Equity securities: Net gains and losses recognized during the period $ 33 (1,261 ) Less: Net gains and losses recognized during the period on securities sold during the period - (43 ) Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date (1) $ 33 $ (1,218 ) Debt securities classified as trading: Net gains and losses recognized during the period $ 40 - Less: Net gains and losses recognized during the period on securities sold during the period - - Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date $ 40 $ - 1. Includes net unrealized and realized losses of $775,000 as a result of the measurement alternative for the three September 30, 2023 no three September 30, 2024 Net 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	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Investment Management and Other Fees [Text Block]	NOTE 3. The following table presents operating revenues disaggregated by performance obligation. Three Months Ended September 30, (dollars in thousands) 2024 2023 ETF advisory fees $ 1,764 $ 2,709 USGIF advisory fees 466 506 USGIF performance fees received (paid) (103 ) (112 ) Total Advisory Fees 2,127 3,103 USGIF administrative services fees 30 30 Total Operating Revenue $ 2,157 $ 3,133 The Company serves as investment advisor to three April 2025 three September 30, 2024, 2023 one April 2024. The Company serves as investment adviser to USGIF and receives advisory fees comprised of two 12 fourth 2024 fourth 2025. The Company has agreed to contractually limit the expenses of USGIF, except the U.S. Government Securities Ultra-Short Bond Fund, through April 2025. three September 30, 2024, 2023 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 September 30, 2024 June 30, 2024 September 30, 2024 June 30, 2024

Note 4 - Restricted and Unrestr

Note 4 - Restricted and Unrestricted Cash	3 Months Ended
	Sep. 30, 2024
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) September 30, 2024 June 30, 2024 Cash and cash equivalents $ 27,336 $ 27,399 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 28,336 $ 28,399

Note 5 - Leases

Note 5 - Leases - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Other Nonoperating Income	$ 78	$ 57
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 September 30, 2024, 2023 The following table presents the components of lease cost. Three Months Ended September 30, (dollars in thousands) 2024 2023 Finance lease cost: Amortization of right-of-use assets $ 8 $ 8 Interest on lease liabilities 1 1 Total finance lease cost 9 9 Short-term lease cost 26 25 Total lease cost $ 35 $ 34 Supplemental information related to the Company's leases follows. Three Months Ended September 30, (dollars in thousands) 2024 2023 Operating cash flows from financing leases included in lease liabilities $ 1 $ 1 Financing cash flows from financing leases included in lease liabilities $ 8 $ 7 Additional qualitative information concerning the Company’s leases follows. September 30, 2024 June 30, 2024 Weighted-average remaining lease term - financing leases (years) 1.00 1.25 Weighted-average discount rate - financing leases 4.75 % 4.75 % The following table presents the maturities of lease liabilities as of September 30, 2024 (dollars in thousands) Fiscal Year Finance Leases 2025 (excluding the three months ended September 30, 2024) $ 26 2026 8 Total lease payments 34 Less imputed interest (1 ) Total $ 33 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 other income three September 30, 2024, 2023 September 30, 2024 June 30, 2024 The following is a summary analysis of annual undiscounted cash flows to be received on leases as of September 30, 2024 (dollars in thousands) Fiscal Year Operating Leases 2025 (excluding the three months ended September 30, 2024) $ 25 Total lease payments $ 25 The Company may one hundred eighty six

Note 6 - Other Accrued Expenses

Note 6 - Other Accrued Expenses	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 6. Other accrued expenses consist of the following: (dollars in thousands) September 30, 2024 June 30, 2024 Professional fees $ 417 $ 571 Vendors payable 214 182 ETF operating and distribution expenses 435 365 Other taxes payable 105 79 Other accrued expenses $ 1,171 $ 1,197 The Company had $219,000 and $207,000 of receivables from HIVE included in the Consolidated Balance Sheets within receivables as of September 30, 2024 June 30, 2024

Note 7 - Debt

Note 7 - Debt	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7. The Company has access to a $1.0 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, 2026 September 30, 2024 September 30, 2024

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	NOTE 8. 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 $0.0075 per month for fiscal year 2024 September 2024 In September 2024 October December 2024 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, September 19, 2024, September 13, 2024, December 31, 2024. may 2024 may three September 30, 2024, 2023 The Inflation Reduction Act of 2022, August 2022, 1% January 1, 2023. three September 30, 2024, 2023 The Company’s stock option plans provide for the granting of class A shares as either incentive or non-qualified 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 September 30, 2024, 2023 1989 1997 three September 30, 2024 2023 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 three September 30, 2024 2023 September 30, 2024, 2023

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 9. 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. Three Months Ended September 30, (dollars in thousands, except per share data) 2024 2023 Net Income (Loss) $ 315 $ (176 ) Weighted average number of outstanding shares Basic 13,714,517 14,465,510 Effect of dilutive securities Stock options - 191 Diluted 13,714,517 14,465,701 Earnings (Loss) Per Share Basic Net Income (Loss) per share $ 0.02 $ (0.01 ) Diluted Net Income (Loss) per share $ 0.02 $ (0.01 ) 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 September 30, 2024, 2023 During the three September 30, 2024 2023

Note 10 - Income Taxes

Note 10 - Income Taxes	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 10. 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. The effective tax rate was 27.8 percent and 27.0 percent for the three September 30, 2024, 2023 A valuation allowance is provided when it is more likely than not not September 30, 2024 June 30, 2024 The Company maintains a reserve for uncertain tax positions for income tax matters. As of September 30, 2024 June 30, 2024 September 30, 2024 September 30, 2024

Note 11 - Accumulated Other Com

Note 11 - Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 11. 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 Three Months Ended September 30, 2024 Balance at June 30, 2024 $ 584 Other comprehensive income (loss) before reclassifications 23 Tax effect (5 ) Amount reclassified from AOCI (203 ) Tax effect 43 Net other comprehensive income (loss) (142 ) Balance at September 30, 2024 $ 442 Three Months Ended September 30, 2023 Balance at June 30, 2023 $ 1,348 Other comprehensive income (loss) before reclassifications 65 Tax effect (14 ) Amount reclassified from AOCI (336 ) Tax effect 71 Net other comprehensive income (loss) (214 ) Balance at September 30, 2023 $ 1,134

Note 12 - Financial Information

Note 12 - Financial Information by Business Segment	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 12. The Company operates principally in two (dollars in thousands) Investment Management Services Corporate Investments Consolidated Three Months Ended September 30, 2024 Operating revenues $ 2,157 $ - $ 2,157 Net investment income (loss) $ - $ 917 $ 917 Other income (loss) $ 78 $ - $ 78 Income (loss) before income taxes $ (457 ) $ 893 $ 436 Depreciation $ 22 $ - $ 22 Gross identifiable assets at September 30, 2024 $ 27,188 $ 22,092 $ 49,280 Deferred tax asset $ 1,804 Consolidated total assets at September 30, 2024 $ 51,084 Three Months Ended September 30, 2023 Operating revenues $ 3,133 $ - $ 3,133 Net investment income (loss) $ - $ (513 ) $ (513 ) Other income (loss) $ 57 $ - $ 57 Income (loss) before income taxes $ 288 $ (529 ) $ (241 ) Depreciation $ 61 $ - $ 61 Gross identifiable assets at September 30, 2023 $ 26,954 $ 24,851 $ 51,805 Deferred tax asset $ 2,287 Consolidated total assets at September 30, 2023 $ 54,092 Operating revenues from investment management services for the three September 30, 2024 2023

Note 13 - Contingencies and Com

Note 13 - Contingencies and Commitments	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 13. 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 no September 30, 2024 June 30, 2024 The Board has authorized a monthly dividend of $0.0075 per share through December 2024 October December 2024

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	PART II. OTHER
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
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 July 1, 2023, one In June 2022, 2022 03, Fair Value Measurement (Topic 820 2022 03” 820, July 1, 2024. not In November 2023, 2023 07, Segment Reporting (Topic 280 2023 07” 2023 07 2025 2026. 2023 07 In December 2023, 2023 09, Income Taxes (Topic 740 2023 09” 2023 09 December 15, 2024. not 2023 09

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation and Consolidation (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	Carrying Value and Maximum Exposure to Loss (dollars in thousands) September 30, 2024 June 30, 2024 Investments in trading securities at fair value, current $ 9,713 $ 9,644 Investments in trading securities at fair value, non-current 858 806 Other receivables 25 28 Total VIE assets, maximum exposure to loss $ 10,596 $ 10,478

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	September 30, 2024 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 trading securities: Equity securities: Equities - International $ 347 $ - $ - $ 347 Mutual funds - Fixed income 9,713 - - 9,713 Mutual funds - Global equity 858 - - 858 Total equity securities 10,918 - - 10,918 Debt securities: Corporate debt securities 248 - - 248 Total investments in trading securities: 11,166 - - 11,166 Investments in available-for-sale debt securities: Corporate debt securities - Convertible debentures - - 3,742 3,742 Total investments carried at fair value on a recurring basis: $ 11,166 $ - $ 3,742 $ 14,908 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ - $ - June 30, 2024 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 trading securities: Equity securities: Equities - International $ 435 $ - $ - $ 435 Mutual funds - Fixed income 9,644 - - 9,644 Mutual funds - Global equity 806 - - 806 Total equity securities 10,885 - - 10,885 Debt securities: Corporate debt securities 208 - - 208 Total investments in trading securities: 11,093 - - 11,093 Investments in available-for-sale debt securities: Corporate debt securities - Convertible debentures - - 4,414 4,414 Total investments carried at fair value on a recurring basis: $ 11,093 $ - $ 4,414 $ 15,507 Investments carried at fair value on a nonrecurring basis: Other investments (1) $ - $ - $ 600 $ 600
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Three Months Ended September 30, 2024 Investments in (dollars in thousands) debt securities Beginning Balance $ 4,414 Principal repayments (750 ) Amortization of day one premium (31 ) Accretion of bifurcation discount 91 Total gains or losses included in: Net Investment Income (Loss) 198 Other Comprehensive Income (Loss) (180 ) Ending Balance $ 3,742
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	September 30, 2024 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in available-for-sale debt securities: Corporate debt securities - Convertible debentures $ 3,742 Binomial lattice model Volatility 90.0 % Credit Spread 7.90 % Risk-Free Rate 3.15 % June 30, 2024 (dollars in thousands) Fair Value Principal Valuation Techniques Unobservable Inputs Investments in available-for-sale debt securities: Corporate debt securities - convertible debentures $ 4,414 Binomial lattice model Volatility 95.0 % Credit Spread 8.2 % Risk-Free Rate 4.1 %
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	September 30, 2024 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Trading securities at fair value Equity securities: Equities - International $ 762 $ (415 ) $ 347 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 9,869 (156 ) 9,713 Mutual funds - Global equity 929 (71 ) 858 Total equity securities at fair value 11,605 (687 ) 10,918 Debt securities: Corporate debt securities 215 33 248 Total trading securities at fair value $ 11,820 $ (654 ) $ 11,166 June 30, 2024 (dollars in thousands) Cost Unrealized Gains (Losses) Fair Value Trading securities at fair value Equity securities: Equities - International $ 762 $ (327 ) $ 435 Equities - Domestic 45 (45 ) - Mutual funds - Fixed income 9,869 (225 ) 9,644 Mutual funds - Global equity 929 (123 ) 806 Total equity securities at fair value 11,605 (720 ) 10,885 Debt securities: Corporate debt securities 215 (7 ) 208 Total trading securities at fair value $ 11,820 $ (727 ) $ 11,093 September 30, 2024 (dollars in thousands) Amortized Cost Unrealized Gains in Other Comprehensive Income (Loss) Unrealized Losses in Other Comprehensive Income (Loss) Unrealized Losses in Net Investment Income (Loss) (1) Fair Value Allowance for Credit Losses Available-for-sale debt securities: Corporate debt securities - Convertible debentures $ 5,717 $ 560 $ - $ (2,535 ) $ 3,742 $ - June 30, 2024 (dollars in thousands) Amortized Cost Unrealized Gains in Other Comprehensive Income (Loss) Unrealized Losses in Other Comprehensive Income (Loss) Unrealized Losses in Net Investment Income (Loss) (1) Fair Value Allowance for Credit Losses Available-for-sale debt securities: Corporate debt securities - Convertible debentures $ 6,204 $ 740 $ - $ (2,530 ) $ 4,414 $ - September 30, 2024 (dollars in thousands) Amortized Cost Allowance for Credit Losses Net Carrying Amount Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity debt securities (1) Corporate debt securities $ 1,000 $ 109 $ 891 $ - $ - $ 891 June 30, 2024 (dollars in thousands) Amortized Cost Allowance for Credit Losses Net Carrying Amount Gross Unrecognized Holding Gains Gross Unrecognized Holding Losses Fair Value Held-to-maturity debt securities (1) Corporate debt securities $ 1,000 $ 132 $ 868 $ - $ - $ 868
Schedule of Derivative Instruments [Table Text Block]	September 30, 2024 June 30, 2024 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 $ 7 $ 12 Three Months Ended September 30, 2024 2023 Other Income (Loss) Other Income (Loss) (dollars in thousands) Net Investment Income (Loss) Net Investment Income (Loss) Embedded Derivatives: Equity price risk exposure $ (5 ) $ (79 )
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]	Three Months Ended September 30, (dollars in thousands) 2024 2023 Beginning Balance $ 132 $ - Impact of ASU 2016-13 adoption - 232 Provision for credit losses - reversal (1) (23 ) (27 ) Ending Balance $ 109 $ 205
Investments Classified by Contractual Maturity Date [Table Text Block]	September 30, 2024 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 $ 5,717 $ 1,000 Fair Value $ 3,742 $ 891
Equity Securities without Readily Determinable Fair Value [Table Text Block]	Three Months Ended September 30, (dollars in thousands) 2024 2023 Other Investments Carrying value $ 1,687 $ 1,613 Upward carrying value changes $ - $ - Downward carrying value changes/impairment $ - $ (775 )
Investment Income [Table Text Block]	Three Months Ended (dollars in thousands) September 30, Net Investment Income (Loss) 2024 2023 Realized gains (losses) on equity securities $ - $ (818 ) Realized gains (losses) on debt securities 203 336 Unrealized gains (losses) on equity securities 33 (443 ) Unrealized gains (losses) on debt securities 40 - Unrealized gains (losses) on embedded derivatives (5 ) (79 ) Unrealized gains (losses) on cash equivalents (1 ) (1 ) Dividend and interest income 600 582 Realized foreign currency gains (losses) 47 (90 ) Total Net Investment Income (Loss) $ 917 $ (513 )
Unrealized Gain (Loss) on Investments [Table Text Block]	Three Months Ended September 30, (dollars in thousands) 2024 2023 Unrealized gains and losses for securities held at the reporting date: Equity securities: Net gains and losses recognized during the period $ 33 (1,261 ) Less: Net gains and losses recognized during the period on securities sold during the period - (43 ) Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date (1) $ 33 $ (1,218 ) Debt securities classified as trading: Net gains and losses recognized during the period $ 40 - Less: Net gains and losses recognized during the period on securities sold during the period - - Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date $ 40 $ -

Note 3 - Investment Managemen_2

Note 3 - Investment Management and Other Fees (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, (dollars in thousands) 2024 2023 ETF advisory fees $ 1,764 $ 2,709 USGIF advisory fees 466 506 USGIF performance fees received (paid) (103 ) (112 ) Total Advisory Fees 2,127 3,103 USGIF administrative services fees 30 30 Total Operating Revenue $ 2,157 $ 3,133

Note 4 - Restricted and Unres_2

Note 4 - Restricted and Unrestricted Cash (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	(dollars in thousands) September 30, 2024 June 30, 2024 Cash and cash equivalents $ 27,336 $ 27,399 Restricted cash 1,000 1,000 Total cash, cash equivalents, and restricted cash $ 28,336 $ 28,399

Note 5 - Leases (Tables)

Note 5 - Leases (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended September 30, (dollars in thousands) 2024 2023 Finance lease cost: Amortization of right-of-use assets $ 8 $ 8 Interest on lease liabilities 1 1 Total finance lease cost 9 9 Short-term lease cost 26 25 Total lease cost $ 35 $ 34 Three Months Ended September 30, (dollars in thousands) 2024 2023 Operating cash flows from financing leases included in lease liabilities $ 1 $ 1 Financing cash flows from financing leases included in lease liabilities $ 8 $ 7 September 30, 2024 June 30, 2024 Weighted-average remaining lease term - financing leases (years) 1.00 1.25 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 2025 (excluding the three months ended September 30, 2024) $ 26 2026 8 Total lease payments 34 Less imputed interest (1 ) Total $ 33
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]	(dollars in thousands) Fiscal Year Operating Leases 2025 (excluding the three months ended September 30, 2024) $ 25 Total lease payments $ 25

Note 6 - Other Accrued Expens_2

Note 6 - Other Accrued Expenses (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(dollars in thousands) September 30, 2024 June 30, 2024 Professional fees $ 417 $ 571 Vendors payable 214 182 ETF operating and distribution expenses 435 365 Other taxes payable 105 79 Other accrued expenses $ 1,171 $ 1,197

Note 9 - Earnings Per Share (Ta

Note 9 - Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, (dollars in thousands, except per share data) 2024 2023 Net Income (Loss) $ 315 $ (176 ) Weighted average number of outstanding shares Basic 13,714,517 14,465,510 Effect of dilutive securities Stock options - 191 Diluted 13,714,517 14,465,701 Earnings (Loss) Per Share Basic Net Income (Loss) per share $ 0.02 $ (0.01 ) Diluted Net Income (Loss) per share $ 0.02 $ (0.01 )

Note 11 - Accumulated Other C_2

Note 11 - Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	(dollars in thousands) Unrealized gains (losses) on available-for-sale investments Three Months Ended September 30, 2024 Balance at June 30, 2024 $ 584 Other comprehensive income (loss) before reclassifications 23 Tax effect (5 ) Amount reclassified from AOCI (203 ) Tax effect 43 Net other comprehensive income (loss) (142 ) Balance at September 30, 2024 $ 442 Three Months Ended September 30, 2023 Balance at June 30, 2023 $ 1,348 Other comprehensive income (loss) before reclassifications 65 Tax effect (14 ) Amount reclassified from AOCI (336 ) Tax effect 71 Net other comprehensive income (loss) (214 ) Balance at September 30, 2023 $ 1,134

Note 12 - Financial Informati_2

Note 12 - Financial Information by Business Segment (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(dollars in thousands) Investment Management Services Corporate Investments Consolidated Three Months Ended September 30, 2024 Operating revenues $ 2,157 $ - $ 2,157 Net investment income (loss) $ - $ 917 $ 917 Other income (loss) $ 78 $ - $ 78 Income (loss) before income taxes $ (457 ) $ 893 $ 436 Depreciation $ 22 $ - $ 22 Gross identifiable assets at September 30, 2024 $ 27,188 $ 22,092 $ 49,280 Deferred tax asset $ 1,804 Consolidated total assets at September 30, 2024 $ 51,084 Three Months Ended September 30, 2023 Operating revenues $ 3,133 $ - $ 3,133 Net investment income (loss) $ - $ (513 ) $ (513 ) Other income (loss) $ 57 $ - $ 57 Income (loss) before income taxes $ 288 $ (529 ) $ (241 ) Depreciation $ 61 $ - $ 61 Gross identifiable assets at September 30, 2023 $ 26,954 $ 24,851 $ 51,805 Deferred tax asset $ 2,287 Consolidated total assets at September 30, 2023 $ 54,092

Note 1 - Basis of Presentatio_3

Note 1 - Basis of Presentation and Consolidation (Details Textual) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Jul. 01, 2023
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 10,600,000	$ 10,500,000
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Noncurrent	109,000	132,000
Retained Earnings (Accumulated Deficit)	$ 37,471,000	$ 37,460,000
Accounting Standards Update 2016-13 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Noncurrent			$ 232,000
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit)			$ (183,000)

Note 1 - Basis of Presentatio_4

Note 1 - Basis of Presentation - Carrying Amount of Assets and Liabilities associated with VIE's (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023
Investments in trading securities at fair value, current	$ 9,713	$ 9,644
Total VIE assets, maximum exposure to loss	51,084	51,963	$ 54,092
Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in trading securities at fair value, current	9,713	9,644
Investments in trading securities at fair value, non-current	858	806
Other receivables	25	28
Total VIE assets, maximum exposure to loss	$ 10,596	$ 10,478

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual) $ / shares in Units, shares in Millions			3 Months Ended		15 Months Ended
		Jan. 12, 2021 USD ($)	Sep. 30, 2024 USD ($) $ / shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / shares	Jun. 30, 2024 USD ($)	Mar. 31, 2021 shares	Jan. 31, 2021 USD ($) $ / shares	Jan. 31, 2021 $ / shares
Investment Owned, Fair Value			$ 14,900,000		$ 14,900,000
Investment Owned, Cost			$ 17,500,000		$ 17,500,000
Value of Fair Value Investments to Company Assets, Percent			29.20%		29.20%
Equity Securities without Readily Determinable Fair Value, Amount			$ 1,687,000	$ 1,613,000	$ 1,687,000	$ 1,687,000
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss	[1]		891,000		891,000	868,000
Debt Securities, Available-for-Sale, Total	[2]		3,742,000		3,742,000
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax			18,000	51,000
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Period Increase (Decrease)			(23,000)		(27,000)
Debt Securities, Available-for-Sale, Periodic Principal Payments			750,000
Interest Receivable			25,000		25,000	13,000
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount			5,000,000		5,000,000	1,700,000
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount						2,500,000
Realized Gain (Loss) on Principal Payment Proceeds			203,000	336,000
Equity Securities Without Readily Determinable Fair Values, Unrealized Gain (Loss)				$ 775,000
U S Global Investors Funds [Member]
Investment Owned, Fair Value			10,600,000		10,600,000	10,500,000
HIVE Blockchain Technologies Ltd. [Member] | Convertible Securities [Member]
Investment Owned, Balance, Principal Amount			3,800,000		3,800,000			$ 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, Fair Value			3,700,000		3,700,000	4,400,000
HIVE Blockchain Technologies Ltd. [Member] | Unsecured Convertible Debentures [Member]
Debt Securities, Available-for-Sale, Total			$ 3,700,000		$ 3,700,000	4,400,000
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] | Estimate of Fair Value Measurement [Member]
Debt Securities, Available-for-Sale, Total		$ 16,000,000
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			$ 11.7		$ 11.7			$ 2.34
HIVE Blockchain Technologies Ltd. [Member] | Common Shares Purchase Warrants [Member]
Investment, Common Share Purchase Warrants (in shares) | shares							5
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ / shares									$ 3
The Sonar Company [Member]
Equity Securities without Readily Determinable Fair Value, Amount			$ 362,000		$ 362,000	$ 362,000
Other Investments and Securities, at Cost			$ 175,000		$ 175,000
Investment Owned, Direct Percentage			2.80%		2.80%
[1]Held-to-maturity debt instruments are carried at amortized cost, net of allowance for credit losses, and the fair value is classified as Level 2 according to the fair value hierarchy.[2]Principal payments of $750,000 are due quarterly with a final maturity in January 2026.

Note 2 - Investments - Investme

Note 2 - Investments - Investments With Fair Values Adjusted on Recurring Basis (Details) - USD ($) $ in Thousands		Sep. 30, 2024		Jun. 30, 2024
Fair value		$ 10,918		$ 10,885
Total investments in trading securities:		11,166		11,093
Investments in debt securities	[1]	3,742
Corporate Debt Securities [Member]
Corporate debt securities, fair value		248		208
Convertible Debt Securities [Member]
Investments in debt securities		3,742		4,414
Fair Value, Recurring [Member]
Total investments carried at fair value		14,908		15,507
Fair Value, Nonrecurring [Member]
Total investments carried at fair value		0	[2]	600	[3]
Equity Securities International [Member]
Fair value		347		435
Equity Securities International [Member] | Fair Value, Recurring [Member]
Fair value		347		435
Mutual Funds Fixed Income [Member]
Fair value		9,713		9,644
Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Fair value		9,713		9,644
Mutual Funds Global Equity [Member]
Fair value		858		806
Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Fair value		858		806
Fair Value, Inputs, Level 1 [Member]
Fair value		10,918		10,885
Total investments in trading securities:		11,166		11,093
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]
Corporate debt securities, fair value		248		208
Fair Value, Inputs, Level 1 [Member] | Convertible Debt Securities [Member]
Investments in debt securities		0		0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Total investments carried at fair value		11,166		11,093
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member]
Total investments carried at fair value		0	[2]	0	[3]
Fair Value, Inputs, Level 1 [Member] | Equity Securities International [Member] | Fair Value, Recurring [Member]
Fair value		347		435
Fair Value, Inputs, Level 1 [Member] | Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Fair value		9,713		9,644
Fair Value, Inputs, Level 1 [Member] | Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Fair value		858		806
Fair Value, Inputs, Level 2 [Member]
Fair value		0		0
Total investments in trading securities:		0		0
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Corporate debt securities, fair value		0		0
Fair Value, Inputs, Level 2 [Member] | Convertible Debt Securities [Member]
Investments in debt securities		0		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
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	[3]
Fair Value, Inputs, Level 2 [Member] | Equity Securities International [Member] | Fair Value, Recurring [Member]
Fair value		0		0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Fair value		0		0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Fair value		0		0
Fair Value, Inputs, Level 3 [Member]
Fair value		0		0
Total investments in trading securities:		0		0
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member]
Corporate debt securities, fair value		0		0
Fair Value, Inputs, Level 3 [Member] | Convertible Debt Securities [Member]
Investments in debt securities		3,742		4,414
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Total investments carried at fair value		3,742		4,414
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]
Total investments carried at fair value		0	[2]	600	[3]
Fair Value, Inputs, Level 3 [Member] | Equity Securities International [Member] | Fair Value, Recurring [Member]
Fair value		0		0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds Fixed Income [Member] | Fair Value, Recurring [Member]
Fair value		0		0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds Global Equity [Member] | Fair Value, Recurring [Member]
Fair value		$ 0		$ 0
[1]Principal payments of $750,000 are due quarterly with a final maturity in January 2026.[2]Fair value information is not as of June 30, 2024. Other investments include equity securities without readily determinable fair values that were adjusted as a result of the measurement alternative during the year ended June 30, 2024. These securities are classified as level 3 due to the infrequency of the observable price changes and/or restrictions on the shares.[3]Fair value information is not as of June 30, 2023. Other investments include equity securities without readily determinable fair values that were adjusted as a result of the measurement alternative during the year ended June 30, 2023. 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	3 Months Ended
	Sep. 30, 2024 USD ($)
Beginning Balance	$ 4,414
Principal repayments	(750)
Amortization of day one premium	(31)
Accretion of bifurcation discount	91
Net Investment Income (Loss)	198
Other Comprehensive Income (Loss)	(180)
Ending Balance	$ 3,742

Note 2 - Investments - Reconc_2

Note 2 - Investments - Reconciliation of Investments Recorded at Fair Value (Details) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Investment Income, Net	$ 917	$ (513)
Statement Of Other Comprehensive Income Abstract [Domain]
Other Comprehensive Income (Loss), Net of Tax	$ (142)	$ (214)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Investment Income, Net
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Net of Tax

Note 2 - Investments - Securiti

Note 2 - Investments - Securities Measured and Carried at Fair Value on Recurring Basis With Significant Unobservable Inputs (Details) $ in Thousands		Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Investments in debt securities	[1]	$ 3,742
Convertible Debt Securities [Member]
Investments in debt securities		$ 3,742	$ 4,414
Valuation Technique, Binomial Lattice Model [Member] | Measurement Input, Price Volatility [Member]
Investments in debt securities, unobservable input		0.90
Investments in equity securities, unobservable inputs			0.95
Valuation Technique, Binomial Lattice Model [Member] | Measurement Input, Risk Free Interest Rate [Member]
Investments in debt securities, unobservable input		0.0315
Valuation Technique, Binomial Lattice Model [Member] | Measurement Input, Credit Spread [Member]
Investments in debt securities, unobservable input		0.079
Investments in equity securities, unobservable inputs			0.041
Valuation Technique, Binomial Lattice Model [Member] | Unsecured Convertible Debentures [Member]
Investments in debt securities			$ 4,414
Valuation Technique, Binomial Lattice Model [Member] | Convertible Debt Securities [Member]
Investments in debt securities		$ 3,742
Valuation Technique, Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member]
Investments in equity securities, unobservable inputs			0.082
[1]Principal payments of $750,000 are due quarterly with a final maturity in January 2026.

Note 2 - Investments - Componen

Note 2 - Investments - Components of Investments (Details) - USD ($)		3 Months Ended			12 Months Ended
		Sep. 30, 2024		Sep. 30, 2023	Jun. 30, 2024		Jun. 30, 2023
Cost		$ 11,605,000			$ 11,605,000
Unrealized gains (losses)		(687,000)			(720,000)
Fair value		10,918,000			10,885,000
Corporate debt securities, Unrealized gains (losses)		40,000		$ 0
Total trading securities at fair value, cost		11,820,000			11,820,000
Total trading securities at fair value, Unrealized gains (losses)		(654,000)			(727,000)
Total trading securities at fair value		11,166,000			11,093,000
Amortized cost		5,717,000	[1]		6,204,000
Debt Securities, Available-for-Sale, Total	[1]	3,742,000
Allowance for credit losses		0			0
Corporate debt securities	[2]	1,000,000			1,000,000
Corporate debt securities		109,000	[2]	$ 205,000	132,000	[2]	$ 0
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss	[2]	891,000			868,000
Corporate debt securities	[2]	0			0
Corporate debt securities	[2]	0			0
Corporate debt securities	[2]	891,000			868,000
Convertible Debt Securities [Member]
Amortized cost		5,717,000			6,204,000
Gross unrealized gains in other comprehensive income (loss)		560,000			740,000
Gross unrealized losses in other comprehensive income (loss)		0			0
Gross unrealized losses in net investment income (loss)	[3]	(2,535,000)			(2,530,000)
Debt Securities, Available-for-Sale, Total		3,742,000			4,414,000
Allowance for credit losses		0			0
Corporate Debt Securities [Member]
Corporate debt securities, cost		215,000			215,000
Corporate debt securities, Unrealized gains (losses)		33,000			(7,000)
Corporate debt securities, fair value		248,000			208,000
Equity Securities International [Member]
Cost		762,000			762,000
Unrealized gains (losses)		(415,000)			(327,000)
Fair value		347,000			435,000
Equity Securities Domestic [Member]
Cost		45,000			45,000
Unrealized gains (losses)		(45,000)			(45,000)
Fair value		0			0
Mutual Funds Fixed Income [Member]
Cost		9,869,000			9,869,000
Unrealized gains (losses)		(156,000)			(225,000)
Fair value		9,713,000			9,644,000
Mutual Funds Global Equity [Member]
Cost		929,000			929,000
Unrealized gains (losses)		(71,000)			(123,000)
Fair value		$ 858,000			$ 806,000
[1]Principal payments of $750,000 are due quarterly with a final maturity in January 2026.[2]Held-to-maturity debt instruments are carried at amortized cost, net of allowance for credit losses, and the fair value is classified as Level 2 according to the fair value hierarchy.[3]Represents changes in unrealized gains and losses related to embedded derivatives included in net investment income (loss) in the Consolidated Statements of Operations.

Note 2 - Investments - Fair Val

Note 2 - Investments - Fair Value and Effect of Embedded Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Equity price risk exposure, asset	$ 7	$ 12
Equity price risk exposure	$ (5)	$ (79)

Note 2 - Investments - Schedule

Note 2 - Investments - Schedule of Allowance for Credit Loss on Held to Maturity Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024		Sep. 30, 2023
Balance	$ 132	[1]	$ 0
Allowance for credit losses	(23)		(27)
Balance	109	[1]	205
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	$ 0		$ 232
[1]Held-to-maturity debt instruments are carried at amortized cost, net of allowance for credit losses, 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		Sep. 30, 2024		Jun. 30, 2024
Amortized Cost, available for sale		$ 5,717	[1]	$ 6,204
Amortized Cost, held to maturity debt securities, due after five years through ten years		1,000
Investments in debt securities	[1]	3,742
Fair Value, held to maturity debt securities, due after five years through ten years		$ 891
[1]Principal payments of $750,000 are due quarterly with a final maturity in January 2026.

Note 2 - Investments - Carrying

Note 2 - Investments - Carrying Value of Equity Securities Without Readily Determinable Fair Values (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Carrying value	$ 1,687	$ 1,613	$ 1,687
Upward carrying value changes	0	0
Downward carrying value changes/impairment	$ 0	$ (775)

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
	Sep. 30, 2024	Sep. 30, 2023
Realized gains (losses) on equity securities	$ 0	$ (818)
Realized gains (losses) on debt securities	203	336
Unrealized gains (losses) on equity securities	33	(443)
Unrealized gains (losses) on debt securities	40	0
Unrealized gains (losses) on embedded derivatives	(5)	(79)
Unrealized gains (losses) on cash equivalents	(1)	(1)
Dividend and interest income	600	582
Realized foreign currency gains (losses)	47	(90)
Total Net Investment Income (Loss)	$ 917	$ (513)

Note 2 - Investments - Unrealiz

Note 2 - Investments - Unrealized Gains and Losses (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Net gains and losses recognized during the period		$ 33	$ (1,261)
Less: Net gains and losses recognized during the period on securities sold during the period		0	(43)
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date (1)	[1]	33	(1,218)
Net gains and losses recognized during the period		40	0
Less: Net gains and losses recognized during the period on securities sold during the period		0	0
Corporate debt securities, Unrealized gains (losses)		$ 40	$ 0
[1]Includes net unrealized and realized losses as a result of the measurement alternative of $1.0 million and $2.3 million for the fiscal years ended June 30, 2024, and 2023, respectively.

Note 3 - Investment Managemen_3

Note 3 - Investment Management and Other Fees (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Accounts Receivable, Allowance for Credit Loss	$ 0		$ 0
Fund Clients [Member]
Receivables, Net, Current	701,000		772,000
Accounts Receivable, Allowance for Credit Loss	$ 0		0
U S Global E T Fs [Member]
Unitary Management Fee, Percentage of Average Net Assets	0.60%
Aggregate Fees Waived and Expenses Borne	$ 39,000	$ 35,000
U S Global E T Fs [Member] | Fund Clients [Member]
Receivables, Net, Current	$ 597,000		647,000
U S Global Jets U C I T S E T F [Member]
Unitary Management Fee, Percentage of Average Net Assets	0.69%
U S Global Investors Funds [Member]
Aggregate Fees Waived and Expenses Borne	$ 228,000	$ 253,000
Investment Advisory Fees, Fee Adjustment Base Percentage Adjustment When Fund Performance is Not Within Limits to Benchmark Index	0.25%
Investment Advisory Fees, Fee Adjustment Percent, Minimum Performance to Designed Benchmark Over Prior Rolling 12 Months	5%
Annual Administrative Fee Rate	0.05%
U S Global Investors Funds [Member] | Fund Clients [Member]
Receivables, Net, Current	$ 104,000		$ 125,000

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
	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer, Including Assessed Tax	$ 2,157	$ 3,133
Investment And Advisory Services [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,127	3,103
Investment And Advisory Services [Member] | U S Global E T Fs [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,764	2,709
Investment And Advisory Services [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	466	506
Investment Performance [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	(103)	(112)
Administrative Service [Member]
Revenue from Contract with Customer, Including Assessed Tax	30	30
Administrative Service [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 30	$ 30

Note 4 - Restricted and Unres_3

Note 4 - Restricted and Unrestricted Cash - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Cash and cash equivalents	$ 27,336	$ 27,399
Restricted cash	1,000	1,000
Total cash, cash equivalents, and restricted cash	$ 28,336	$ 28,399

Note 5 - Leases (Details Textua

Note 5 - Leases (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Income Statement [Abstract]
Other Nonoperating Income	$ 78,000	$ 57,000
Lease, Cost	35,000	34,000
Operating Lease, Lease Income	$ 23,000	27,000
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income
Other Assets [Member]
Lessor, Cost, Contracts Asset	$ 1,000		$ 2,000
General and Administrative Expense [Member]
Lease, Cost	$ 34,000	$ 33,000

Note 5 - Leases - Lease Expense

Note 5 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Amortization of right-of-use assets	$ 8	$ 8
Interest on lease liabilities	1	1
Total finance lease cost	9	9
Short-term lease cost	26	25
Total lease cost	35	34
Operating cash flows from financing leases included in lease liabilities	1	1
Financing cash flows from financing leases included in lease liabilities	$ 8	$ 7
Weighted-average remaining lease term - financing leases (years) (Year)	1 year		1 year 3 months
Weighted-average discount rate - financing leases	4.75%		4.75%

Note 5 - Leases - Maturities of

Note 5 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2024 USD ($)
2025 (excluding the three months ended September 30, 2024)	$ 26
2026	8
Total lease payments	34
Less imputed interest	(1)
Total	$ 33

Note 5 - Leases - Summary Analy

Note 5 - Leases - Summary Analysis of Annual Undiscounted Cash Flows to be Received on Leases (Details) $ in Thousands	Sep. 30, 2024 USD ($)
2025 (excluding the three months ended September 30, 2024)	$ 25
Total lease payments	$ 25

Note 6 - Other Accrued Expens_3

Note 6 - Other Accrued Expenses (Details Textual) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Accounts and Other Receivables, Net, Current	$ 991,000	$ 1,047,000
HIVE Blockchain Technologies Ltd. [Member]
Accounts and Other Receivables, Net, Current	$ 219,000	$ 207,000

Note 6 - Other Accrued Expens_4

Note 6 - Other Accrued Expenses - Other Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Professional fees	$ 417	$ 571
Vendors payable	214	182
ETF operating and distribution expenses	435	365
Other taxes payable	105	79
Other accrued expenses	$ 1,171	$ 1,197

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) $ in Millions	Sep. 30, 2024 USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 1
Line of Credit [Member] | Money Market Funds [Member]
Debt Instrument, Collateral Amount	$ 1

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 19, 2024	Feb. 25, 2022	Feb. 24, 2022
Payments for Repurchase of Common Stock		$ 530,000	$ 611,000
Excise Tax Liability Accrued on Stock Repurchases		$ 5,000	$ 6,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		0	0
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 0	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)		0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)		0	0
Plan 1989 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)		229,000	229,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)		229,000	229,000
Common Class A [Member] | Plan 1989 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share)		$ 6.05	$ 6.05
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)		$ 6.05	$ 6.05
Common Class A [Member] | Plan 1997 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)		2,000	2,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)		2,000	2,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share)		$ 2.74	$ 2.74
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in dollars per share)		$ 2.74	$ 2.74
Treasury Stock, Common [Member]
Treasury Stock, Shares, Acquired (in shares)		197,887	198,213
Treasury Stock, Common [Member] | Common Class A [Member]
Treasury Stock, Shares, Acquired (in shares)		197,887	198,213
Payments for Repurchase of Common Stock		$ 520,000	$ 611,000
Share Repurchase Plan Renewal December2012 December2020 [Member]
Stock Repurchase Program, Authorized Amount		$ 5,000,000		$ 6,500,000	$ 5,000,000	$ 2,750,000
O,2024,M1-12, Dividends [Member]
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)		$ 0.0075
O,2024,M13, Dividends [Member] | Forecast [Member]
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0.0075

Note 9 - Earnings Per Share (De

Note 9 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	231,000	229,000

Note 9 - Earnings Per Share - B

Note 9 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net income (loss)	$ 315	$ (176)
Basic weighted average number of common shares outstanding (in shares)	13,714,517	14,465,510
Stock options (in shares)	0	191
Diluted (in shares)	13,714,517	14,465,701
Basic Net Income (Loss) per share (in dollars per share)	$ 0.02	$ (0.01)
Diluted Net Income (Loss) per share (in dollars per share)	$ 0.02	$ (0.01)

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Liability for Uncertainty in Income Taxes, Current	$ 802,000		$ 785,000
Unrecognized Tax Benefits	$ 802,000
Domestic Tax Jurisdiction [Member]
Effective Income Tax Rate Reconciliation, Percent	27.80%	27%
Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member]
Deferred Tax Assets, Valuation Allowance	$ 2,000		$ 0

Note 11 - Accumulated Other C_3

Note 11 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Balance	$ 49,006	$ 52,021
Other Comprehensive Income (Loss), Net of Tax	(142)	(214)
Balance	48,367	50,526
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	584	1,348
Other comprehensive income (loss) before reclassifications	23	65
Other comprehensive income, Tax effect	(5)	(14)
Amount reclassified from AOCI	(203)	(336)
Reclassification from AOCI, Tax effect	43	71
Other Comprehensive Income (Loss), Net of Tax	(142)	(214)
Balance	$ 442	$ 1,134

Note 12 - Financial Informati_3

Note 12 - Financial Information by Business Segment (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer, Including Assessed Tax	$ 2,157,000	$ 3,133,000
Investment Management Services [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,157,000	3,133,000
Investment Management Services [Member] | U S Global E T Fs [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,800,000	2,700,000
Investment Management Services [Member] | U S Global Investors Funds [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 393,000	$ 424,000

Note 12 - Financial Informati_4

Note 12 - Financial Information by Business Segment - Total Revenues and Income by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Revenue from Contract with Customer, Including Assessed Tax	$ 2,157	$ 3,133
Net investment income (loss)	917	(513)
Other income (loss)	78	57
Income (loss) before income taxes	436	(241)
Depreciation	22	61
Gross identifiable assets	49,280	51,805
Deferred tax asset	1,804	2,287	$ 1,833
Consolidated total assets	51,084	54,092	$ 51,963
Investment Management Services [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,157	3,133
Net investment income (loss)	0	0
Other income (loss)	78	57
Income (loss) before income taxes	(457)	288
Depreciation	22	61
Gross identifiable assets	27,188	26,954
Corporate Investments [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Net investment income (loss)	917	(513)
Other income (loss)	0	0
Income (loss) before income taxes	893	(529)
Depreciation	0	0
Gross identifiable assets	$ 22,092	$ 24,851

Note 13 - Contingencies and C_2

Note 13 - Contingencies and Commitments (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Sep. 30, 2023
Dividends, Common Stock, Cash		$ 304,000	$ 322,000
O,2024,M13, Dividends [Member] | Forecast [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.0075
Dividends, Common Stock, Cash	$ 309,000