XML 32 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (7,547,000) $ (12,556,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Net unrealized loss on marketable securities 1,018,000 1,736,000
Deferred taxes 624,000 (203,000)
Gain on extinguishment of debt (1,416,000)
Impairment loss on other investments 5,000
Depreciation and amortization 6,624,000 6,320,000
Amortization of loan cost 1,239,000 1,066,000
Amortization of other notes payable (409,000) (566,000)
Stock compensation expense 105,000 1,309,000
Changes in assets and liabilities:    
Investment in marketable securities 5,467,000 9,155,000
Other assets 1,018,000 (456,000)
Accounts payable and other liabilities (973,000) 1,691,000
Accounts payable and other liabilities – Hotel 331,000 2,141,000
Due to securities broker (1,601,000)
Obligations for securities sold (188,000) (1,228,000)
Net cash provided by operating activities 5,893,000 6,813,000
Cash flows from investing activities:    
Capital expenditures for property and equipment - Hotel (2,252,000) (4,079,000)
Capital expenditures for property and equipment - real estate (1,739,000) (2,309,000)
Investment in Portsmouth (1,000) (22,000)
Insurance proceeds for property damage claims 75,000
Net cash used in investing activities (3,917,000) (6,410,000)
Cash flows from financing activities:    
Issuance costs from Hotel refinance (2,106,000) (1,477,000)
Payments of mortgage, finance leases and other notes payable (81,575,000) (11,496,000)
Proceeds from mortgage and other notes payable 88,600,000 8,989,000
Purchase of treasury stock (394,000) (599,000)
Net cash provided by (used in) financing activities 4,525,000 (4,583,000)
Net increase (decrease) in cash, cash equivalents and restricted cash: 6,501,000 (4,180,000)
Cash, cash equivalents and restricted cash at the beginning of the year 8,694,000 12,874,000
Cash, cash equivalents and restricted cash at the end of the year 15,195,000 8,694,000
Supplemental information:    
Income taxes paid 142,000 130,000
Interest paid 12,366,000 $ 6,081,000
Cash, cash equivalents and restricted cash 15,142,000  
Cash included in assets held for sale 53,000  
Total cash, cash equivalents, and restricted cash $ 15,195,000