OTHER ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2014

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:

	2014		2013
Accounts receivable, net	$	1,964,000	$	1,957,000
Prepaid expenses		1,120,000		581,000
Occupancy tax deposit		1,061,000		-
Inventory - hotel		653,000		918,000
Miscellaneous assets, net		2,961,000		2,435,000
Total other assets	$	7,759,000	$	5,891,000