OTHER ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2013

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets [Table Text Block]

Other assets consist of the following as of June 30:

	2013		2012
Accounts receivable, net	$	1,957,000	$	1,641,000
Prepaid expenses		581,000		945,000
Inventory - hotel		918,000		907,000
Miscellaneous assets, net		2,435,000		1,880,000
Total other assets	$	5,891,000	$	5,373,000