OTHER ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2015

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:

	2015		2014
Accounts receivable, net	$	6,791,000	$	1,964,000
Inventory - Hotel		256,000		653,000
Prepaid expenses		781,000		1,120,000
Occupancy tax deposit - Hotel		1,061,000		1,061,000
Miscellaneous assets, net		2,616,000		2,961,000
Total other assets	$	11,505,000	$	7,759,000