XML 60 R49.htm IDEA: XBRL DOCUMENT v3.25.1
SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Mar. 31, 2025
Mar. 31, 2024
Jun. 30, 2024
Segment Reporting Information [Line Items]                  
Revenues $ 16,824,000     $ 14,883,000     $ 48,171,000 $ 44,714,000  
Segment operating expenses (14,474,000)     (14,174,000)     (41,839,000) (43,755,000)  
Segment income (loss) 2,350,000     709,000     6,332,000 959,000  
Interest expense - mortgage (3,152,000)     (3,234,000)     (10,196,000) (7,695,000)  
Depreciation and amortization expense (1,651,000)     (1,607,000)     (4,967,000) (4,691,000)  
Gain on extinguishment of debt 1,416,000     (453,000)     1,416,000 (453,000)  
Income tax benefit (15,000)     (295,000)     463,000 (191,000)  
Net (loss) income (750,000) $ (3,697,000) $ (852,000) (3,861,000) $ (2,151,000) $ (1,622,000) (5,299,000) (7,634,000)  
Total assets 103,241,000           103,241,000   $ 107,811,000
Operating Segments [Member]                  
Segment Reporting Information [Line Items]                  
Revenues 16,824,000     14,883,000     48,171,000 44,714,000  
Segment operating expenses (12,823,000)     (12,567,000)     (36,872,000) (39,064,000)  
Segment income (loss) 4,001,000     2,316,000     11,299,000 5,650,000  
Interest expense - mortgage (3,152,000)     (3,234,000)     (10,196,000) (7,695,000)  
Depreciation and amortization expense (1,651,000)     (2,060,000)     (4,967,000) (5,144,000)  
Gain on extinguishment of debt 1,416,000           1,416,000    
Gain (loss) from investments (1,379,000)     (1,178,000)     (2,388,000) (636,000)  
Income tax benefit 15,000     295,000     (463,000) 191,000  
Net (loss) income (750,000)     (3,861,000)     (5,299,000) (7,634,000)  
Total assets 103,241,000     118,955,000     103,241,000 118,955,000  
Hotel Operations [Member]                  
Segment Reporting Information [Line Items]                  
Revenues 12,210,000     10,758,000     33,995,000 32,076,000  
Segment operating expenses (9,685,000)     (9,239,000)     (27,532,000) (27,925,000)  
Segment income (loss) 2,525,000     1,519,000     6,463,000 4,151,000  
Interest expense - mortgage (2,459,000)     (2,591,000)     (8,128,000) (5,796,000)  
Depreciation and amortization expense (899,000)     (886,000)     (2,731,000) (2,597,000)  
Gain on extinguishment of debt 1,416,000           1,416,000    
Gain (loss) from investments          
Income tax benefit          
Net (loss) income 583,000     (1,958,000)     (2,980,000) (4,242,000)  
Total assets 50,860,000     46,804,000     50,860,000 46,804,000  
Real Estate Operations [Member]                  
Segment Reporting Information [Line Items]                  
Revenues 4,614,000     4,125,000     14,176,000 12,638,000  
Segment operating expenses (2,431,000)     (2,612,000)     (7,096,000) (7,774,000)  
Segment income (loss) 2,183,000     1,513,000     7,080,000 4,864,000  
Interest expense - mortgage (693,000)     (643,000)     (2,068,000) (1,899,000)  
Depreciation and amortization expense (752,000)     (721,000)     (2,236,000) (2,094,000)  
Gain on extinguishment of debt                
Gain (loss) from investments          
Income tax benefit          
Net (loss) income 738,000     149,000     2,776,000 871,000  
Total assets 46,635,000     47,907,000     46,635,000 47,907,000  
Investment Transactions [Member]                  
Segment Reporting Information [Line Items]                  
Revenues          
Segment operating expenses          
Segment income (loss)          
Interest expense - mortgage          
Depreciation and amortization expense          
Gain on extinguishment of debt                
Gain (loss) from investments (1,379,000)     (1,178,000)     (2,388,000) (636,000)  
Income tax benefit          
Net (loss) income (1,379,000)     (1,178,000)     (2,388,000) (636,000)  
Total assets 751,000     14,684,000     751,000 14,684,000  
Corporate Segment [Member]                  
Segment Reporting Information [Line Items]                  
Revenues          
Segment operating expenses (707,000)     (716,000)     (2,244,000) (3,365,000)  
Segment income (loss) (707,000)     (716,000)     (2,244,000) (3,365,000)  
Interest expense - mortgage          
Depreciation and amortization expense     (453,000)     (453,000)  
Gain on extinguishment of debt              
Gain (loss) from investments          
Income tax benefit 15,000     295,000     (463,000) 191,000  
Net (loss) income (692,000)     (874,000)     (2,707,000) (3,627,000)  
Total assets $ 4,995,000     $ 9,560,000     $ 4,995,000 $ 9,560,000