XML 67 R41.htm IDEA: XBRL DOCUMENT
v3.25.2

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
SCHEDULE OF SEGMENT REPORTING INFORMATION | 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 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration