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INVESTMENT IN HOTEL, NET (Tables)
 9 Months Ended
Mar. 31, 2025
Investment In Hotel Net  
SCHEDULE OF INVESTMENT IN HOTEL

Investment in Hotel consisted of the following as of:

 

       Accumulated   Net Book 
March 31, 2025  Cost   Depreciation   Value 
             
Land  $2,738,000   $-   $2,738,000 
Finance lease ROU assets   1,805,000    (1,635,000)   170,000 
Furniture and equipment   39,854,000    (32,785,000)   7,069,000 
Building and improvements   68,527,000    (39,422,000)   29,105,000 
Investment in Hotel, net  $112,924,000   $(73,842,000)  $39,082,000 

 

       Accumulated   Net Book 
June 30, 2024  Cost   Depreciation   Value 
             
Land  $2,738,000   $-   $2,738,000 
Finance lease ROU assets   1,805,000    (1,521,000)   284,000 
Furniture and equipment   40,310,000    (31,396,000)   8,914,000 
Building and improvements   67,159,000    (38,194,000)   28,965,000 
Investment in Hotel, net  $112,012,000   $(71,111,000)  $40,901,000