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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.

 

  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)  
Depreciation and amortization expense     (3,494,000 )     (2,826,000 )     -       -       (6,320,000)  
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