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SEGMENT INFORMATION | 12 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 14 – SEGMENT INFORMATION The Company operates in three reportable segments: (i) Hotel Operations (“the Hilton San Francisco District and its five-level parking garage), (ii) Real Estate Operations (the multifamily and commercial rental portfolio), and (iii) Investment Transactions (investment of cash in marketable securities and other investments). CODM is a group of senior executives who collectively use these segments to evaluate performance and allocates resources. Segment results are evaluated using segment income (loss) from operations, which reflects revenues from external customers less segment operating expenses. This measure excludes interest expense, depreciation and amortization, gains/losses on extinguishment of debt, investment gains/losses, and income taxes, which are shown separately below. There are no intersegment revenues. “Other” consists primarily of unallocated corporate general and administrative costs and income taxes. All long-lived assets and revenues are attributable to operations in the United States. SCHEDULE OF SEGMENT REPORTING INFORMATION
|  | Hotel |  |  | Real Estate |  |  | Investment |  |  |  |  |  |  |
As of and for the year ended June 30, 2025 |  | Operations |  |  | Operations |  |  | Transactions |  |  | Other |  |  | Total |
Revenues |  | $ | 46,363,000 |  |  | $ | 18,015,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 64,378,000 |
Operating expenses |  |  | (31,593,000 | ) |  |  | (4,158,000 | ) |  |  | - |  |  |  | - |  |  |  | (35,751,000 | )
Utilities |  |  | (3,210,000 | ) |  |  | (1,339,000 | ) |  |  | - |  |  |  | - |  |  |  | (4,549,000 | )
Real estate taxes |  |  | (1,912,000 | ) |  |  | (2,241,000 | ) |  |  | - |  |  |  | - |  |  |  | (4,153,000 | )
Insurance |  |  | (916,000 | ) |  |  | (1,812,000 | ) |  |  | - |  |  |  | - |  |  |  | (2,728,000 | )
General and administrative |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,930,000 | ) |  |  | (2,930,000 | )
Segment income (loss) from operations |  |  | 8,732,000 |  |  |  | 8,465,000 |  |  |  | - |  |  |  | (2,930,000 | ) |  |  | 14,267,000 |
Interest expense - mortgages |  |  | (10,680,000 | ) |  |  | (2,876,000 | ) |  |  | - |  |  |  | - |  |  |  | (13,556,000 | )
Gain on extinguishment of debt |  |  | 1,416,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,416,000 |
Depreciation and amortization expense |  |  | (3,634,000 | ) |  |  | (2,990,000 | ) |  |  | - |  |  |  | - |  |  |  | (6,624,000 | )
Loss from investments |  |  | - |  |  |  | - |  |  |  | (2,502,000 | ) |  |  | - |  |  |  | (2,502,000 | )
Income tax benefit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (548,000 | ) |  |  | (548,000 | )
Net (loss) income |  | $ | (4,166,000 | ) |  | $ | 2,599,000 |  |  | $ | (2,502,000 | ) |  | $ | (3,478,000 | ) |  | $ | (7,547,000 | )
Total assets |  | $ | 52,357,000 |  |  | $ | 45,253,000 |  |  | $ | 969,000 |  |  | $ | 5,522,000 |  |  | $ | 104,101,000 |
|  | Hotel |  |  | Real Estate |  |  | Investment |  |  |  |  |  |  |
As of and for the year ended June 30, 2024 |  | Operations |  |  | Operations |  |  | Transactions |  |  | Other |  |  | Total |
Revenues |  | $ | 41,886,000 |  |  | $ | 16,254,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 58,140,000 |
Operating expenses |  |  | (30,363,000) |  |  |  | (4,154,000) |  |  |  | - |  |  |  | - |  |  |  | (34,517,000) |
Utilities |  |  | (3,069,000) |  |  |  | (1,218,000) |  |  |  | - |  |  |  | - |  |  |  | (4,287,000) |
Real estate taxes |  |  | (1,906,000) |  |  |  | (2,236,000) |  |  |  | - |  |  |  | - |  |  |  | (4,142,000) |
Insurance |  |  | (801,000) |  |  |  | (2,228,000) |  |  |  | - |  |  |  | - |  |  |  | (3,029,000) |
General and administrative |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4,391,000 | ) |  |  | (4,391,000) |
Segment income (loss) from operations |  |  | 5,747,000 |  |  |  | 6,418,000 |  |  |  | - |  |  |  | (4,391,000 | ) |  |  | 7,774,000 |
Interest expense - mortgage |  |  | (9,407,000 | ) |  |  | (2,600,000 | ) |  |  | - |  |  |  | - |  |  |  | (12,007,000) |
Loss on extinguishment of debt |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (453,000) |  |  |  | (453,000) |
Gain loss on extinguishment of debt |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (453,000) |  |  |  | (453,000) |
Depreciation and amortization expense |  |  | (3,494,000 | ) |  |  | (2,826,000 | ) |  |  | - |  |  |  | - |  |  |  | (6,320,000) |
Loss from investments |  |  | - |  |  |  | - |  |  |  | (1,633,000) |  |  |  | - |  |  |  | (1,633,000) |
Gain loss from investments |  |  | - |  |  |  | - |  |  |  | (1,633,000) |  |  |  | - |  |  |  | (1,633,000) |
Income tax benefit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 83,000 |  |  |  | 83,000 |
Net (loss) income |  | $ | (7,154,000 | ) |  | $ | 992,000 |  |  | $ | (1,633,000) |  |  | $ | (4,761,000 | ) |  | $ | (12,556,000 | )
Total assets |  | $ | 46,694,000 |  |  | $ | 47,542,000 |  |  | $ | 7,454,000 |  |  | $ | 6,121,000 |  |  | $ | 107,811,000 |

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