SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2013

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information below represents reported segments for the three months ended September 30, 2013 and 2012. Operating income from hotel operations consist of the operation of the hotel and operation of the garage. Operating income for rental properties consist of rental income. Operating loss for investment transactions consist of net investment gain (loss) and dividend and interest income.

As of and for the three months	Hotel		Real Estate		Investment
ended September 30, 2013	Operations		Operations		Transactions		Other		Total
Revenues	$	13,305,000	$	4,078,000	$	-	$	-	$	17,383,000
Segment operating expenses		(9,532,000)		(2,278,000)		-		(527,000)		(12,337,000)
Segment income (loss) from operations		3,773,000		1,800,000		-		(527,000)		5,046,000
Interest expense		(635,000)		(772,000)		-		-		(1,407,000)
Depreciation and amortization expense		(649,000)		(535,000)						(1,184,000)
Loss from investments		-		-		(303,000)		-		(303,000)
Income tax expense		-		-		-		(460,000)		(460,000)
Net income (loss)	$	2,489,000	$	493,000	$	(303,000)	$	(987,000)	$	1,692,000
Total assets	$	41,582,000	$	65,089,000	$	29,004,000	$	10,394,000	$	146,069,000

As of and for the three months	Hotel		Real Estate		Investment
ended September 30, 2012	Operations		Operations		Transactions		Other		Subtotal
Revenues	$	12,136,000	$	3,675,000	$	-	$	-	$	15,811,000
Segment operating expenses		(9,164,000)		(2,162,000)		-		(563,000)		(11,889,000)
Segment income (loss) from operations		2,972,000		1,513,000		-		(563,000)		3,922,000
Interest expense		(664,000)		(1,035,000)		-		-		(1,699,000)
Depreciation and amortization expense		(608,000)		(524,000)		-		-		(1,132,000)
Income from investments		-		-		970,000		-		970,000
Income tax expense		-		-		-		(374,000)		(374,000)
Net income (loss)	$	1,700,000	$	(46,000)	$	970,000	$	(937,000)	$	1,687,000
Total assets	$	40,765,000	$	65,460,000	$	31,184,000	$	10,735,000	$	148,144,000

- 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.

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