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SEGMENT INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION

 

As of and for the three months  Hotel   Real Estate   Investment         
ended March 31, 2025  Operations   Operations   Transactions   Corporate   Total 
Revenues  $12,210,000   $4,614,000   $-   $-   $16,824,000 
Segment operating expenses   (9,685,000)   (2,431,000)   -    (707,000)   (12,823,000)
Segment income (loss)   2,525,000    2,183,000    -    (707,000)   4,001,000 
Interest expense - mortgage   (2,459,000)   (693,000)   -    -    (3,152,000)
Depreciation and amortization expense   (899,000)   (752,000)   -    -    (1,651,000)
Gain on extinguishment of debt   1,416,000              -    1,416,000 
Loss from investments   -    -    (1,379,000)   -    (1,379,000)
Income tax benefit   -    -    -    15,000    15,000 
Net income (loss)  $583,000   $738,000   $(1,379,000)  $(692,000)  $(750,000)
Total assets  $50,860,000   $46,635,000   $751,000   $4,995,000   $103,241,000 

 

As of and for the three months  Hotel   Real Estate   Investment         
ended March 31, 2024  Operations   Operations   Transactions   Corporate   Total 
Revenues  $10,758,000   $4,125,000   $-   $-   $14,883,000 
Segment operating expenses   (9,239,000)   (2,612,000)   -    (716,000)   (12,567,000)
Segment income (loss)   1,519,000    1,513,000    -    (716,000)   2,316,000 
Interest expense - mortgage   (2,591,000)   (643,000)   -    -    (3,234,000)
Depreciation and amortization expense   (886,000)   (721,000)   -    (453,000)   (2,060,000)
Loss from investments   -    -    (1,178,000)   -    (1,178,000)
Income tax benefit   -    -    -    295,000    295,000 
Net (loss) income  $(1,958,000)  $149,000   $(1,178,000)  $(874,000)  $(3,861,000)
Total assets  $46,804,000   $47,907,000   $14,684,000   $9,560,000   $118,955,000 

 

As of and for the nine months  Hotel   Real Estate   Investment         
ended March 31, 2025  Operations   Operations   Transactions   Corporate   Total 
Revenues  $33,995,000   $14,176,000   $-   $-   $48,171,000 
Segment operating expenses   (27,532,000)   (7,096,000)   -    (2,244,000)   (36,872,000)
Segment income (loss)   6,463,000    7,080,000    -    (2,244,000)   11,299,000 
Interest expense - mortgage   (8,128,000)   (2,068,000)   -    -    (10,196,000)
Depreciation and amortization expense   (2,731,000)   (2,236,000)   -    -    (4,967,000)
Gain on extinguishment of debt   1,416,000    -    -    -    1,416,000 
Loss from investments   -    -    (2,388,000)   -    (2,388,000)
Income tax expense   -    -    -    (463,000)   (463,000)
Net (loss) income  $(2,980,000)  $2,776,000   $(2,388,000)  $(2,707,000)  $(5,299,000)
Total assets  $50,860,000   $46,635,000   $751,000   $4,995,000   $103,241,000 

 

As of and for the nine months  Hotel   Real Estate   Investment         
ended March 31, 2024  Operations   Operations   Transactions   Corporate   Total 
Revenues  $32,076,000   $12,638,000   $-   $-   $44,714,000 
Segment operating expenses   (27,925,000)   (7,774,000)   -    (3,365,000)   (39,064,000)
Segment income (loss)   4,151,000    4,864,000    -    (3,365,000)   5,650,000 
Interest expense - mortgage   (5,796,000)   (1,899,000)   -    -    (7,695,000)
Depreciation and amortization expense   (2,597,000)   (2,094,000)   -    (453,000)   (5,144,000)
Loss from investments   -    -    (636,000)   -    (636,000)
Income tax benefit   -    -    -    191,000    191,000 
Net (loss) income  $(4,242,000)  $871,000   $(636,000)  $(3,627,000)  $(7,634,000)
Total assets  $46,804,000   $47,907,000   $14,684,000   $9,560,000   $118,955,000