XML 46 R35.htm IDEA: XBRL DOCUMENT v3.25.4

SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

All long-lived assets and revenues are attributable to operations in the United States.

  SCHEDULE OF SEGMENT REPORTING INFORMATION

As of and for the three months		Hotel				Real Estate				Investment
ended December 31, 2025		Operations				Operations				Transactions				Corporate				Total
Revenues		$	12,661,000			$	4,640,000			$	-			$	-			$	17,301,000
Property operating expenses			(9,208,000	)			(1,114,000	)			-				-				(10,322,000	)
Utilities			(397,000	)			(354,000	)			-				-				(751,000	)
Real estate taxes			(588,000	)			(579,000	)			-				-				(1,167,000	)
Insurance			(234,000	)			(372,000	)			-				-				(606,000	)
General and administrative			-				-				-				(740,000	)			(740,000	)
Segment income (loss)			2,234,000				2,221,000				-				(740,000	)			3,715,000
Interest expense - mortgage			(2,385,000	)			(771,000	)			-				-				(3,156,000	)
Depreciation and amortization expense			(940,000	)			(760,000	)			-				-				(1,700,000	)
Gain from sale of real estate							3,508,000												3,508,000
Loss from investments			-				-				(340,000	)			-				(340,000	)
Income tax expense			-				-				-				(1,065,000	)			(1,065,000	)
Net (loss) income		$	(1,091,000	)		$	4,198,000			$	(340,000	)		$	(1,805,000	)		$	962,000
Total assets		$	48,969,000			$	44,171,000			$	926,000			$	7,071,000			$	101,137,000

As of and for the three months		Hotel				Real Estate				Investment
ended December 31, 2024		Operations				Operations				Transactions				Corporate				Total
Revenues		$	9,965,000			$	4,476,000			$	-			$	-			$	14,441,000
Property operating expenses			(7,973,000	)			(892,000	)			-				-				(8,865,000	)
Utilities			(432,000	)			(337,000	)			-				-				(769,000	)
Real estate taxes			(429,000	)			(565,000	)			-				-				(994,000	)
Insurance			(221,000	)			(414,000	)			-				-				(635,000	)
General and administrative			-				-				-				(677,000	)			(677,000	)
Segment income (loss)			910,000				2,268,000				-				(677,000	)			2,501,000
Interest expense - mortgage			(2,845,000	)			(685,000	)			-				-				(3,530,000	)
Depreciation and amortization expense			(903,000	)			(745,000	)			-				-				(1,648,000	)
Loss from investments			-				-				(901,000	)			-				(901,000	)
Income tax expense			-				-				-				(119,000	)			(119,000	)
Net (loss) income		$	(2,838,000	)		$	838,000			$	(901,000	)		$	(796,000	)		$	(3,697,000	)
Total assets		$	44,777,000			$	46,957,000			$	5,657,000			$	13,203,000			$	110,594,000

 

As of and for the six months		Hotel				Real Estate				Investment
ended December 31, 2025		Operations				Operations				Transactions				Corporate				Total
Revenues		$	25,079,000			$	10,135,000			$	-			$	-			$	35,214,000
Property operating expenses			(18,375,000	)			(2,152,000	)			-				-				(20,527,000	)
Utilities			(943,000	)			(676,000	)			-				-				(1,619,000	)
Real estate taxes			(1,080,000	)			(1,153,000	)			-				-				(2,233,000	)
Insurance			(510,000	)			(776,000	)			-				-				(1,286,000	)
General and administrative			-				-				-				(1,446,000	)			(1,446,000	)
Segment income (loss)			4,171,000				5,378,000				-				(1,446,000	)			8,103,000
Interest expense - mortgage			(4,878,000	)			(1,536,000	)			-				-				(6,414,000	)
Depreciation and amortization expense			(1,839,000	)			(1,517,000	)			-				-				(3,356,000	)
Gain from sale of real estate							3,508,000				-				-				3,508,000
Loss from investments			-				-				(499,000	)			-				(499,000	)
Income tax expense			-				-				-				(1,539,000	)			(1,539,000	)
Net (loss) income		$	(2,546,000	)		$	5,833,000			$	(499,000	)		$	(2,985,000	)		$	(197,000	)
Total assets		$	48,969,000			$	44,171,000			$	926,000			$	7,071,000			$	101,137,000

As of and for the six months		Hotel				Real Estate				Investment
ended December 31, 2024		Operations				Operations				Transactions				Corporate				Total
Revenues		$	21,785,000			$	9,562,000			$	-			$	-			$	31,347,000
Property operating expenses			(15,452,000	)			(2,003,000	)			-				-				(17,455,000	)
Utilities			(1,017,000	)			(679,000	)			-				-				(1,696,000	)
Real estate taxes			(956,000	)			(1,108,000	)			-				-				(2,064,000	)
Insurance			(422,000	)			(875,000	)			-				-				(1,297,000	)
General and administrative			-				-				-				(1,537,000	)			(1,537,000	)
Segment income (loss)			3,938,000				4,897,000				-				(1,537,000	)			7,298,000
Interest expense - mortgage			(5,669,000	)			(1,375,000	)			-				-				(7,044,000	)
Depreciation and amortization expense			(1,832,000	)			(1,484,000	)			-				-				(3,316,000	)
Loss from investments			-				-				(1,009,000	)			-				(1,009,000	)
Income tax expense			-				-				-				(478,000	)			(478,000	)
Net (loss) income		$	(3,563,000	)		$	2,038,000			$	(1,009,000	)		$	(2,015,000	)		$	(4,549,000	)
Total assets		$	44,777,000			$	46,957,000			$	5,657,000			$	13,203,000			$	110,594,000

 

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration