SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

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

Information below represents reported segments for the three months ended September 30, 2015 and 2014. Operating income (loss) 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 income (loss) for investment transactions consist of net investment gain (loss), impairment loss on other investments, net unrealized gain (loss) on other investments, dividend and interest income and trading and margin interest expense.

As of and for the three months	Hotel			Real Estate			Investment
ended September 30, 2015	Operations			Operations			Transactions		Other			Total
Revenues	$	15,138,000		$	3,582,000		$	-	$	-		$	18,720,000
Segment operating expenses		(11,193,000	)		(1,736,000	)		-		(809,000	)		(13,738,000	)
Segment income (loss) from operations		3,945,000			1,846,000			-		(809,000	)		4,982,000
Interest expense - mortgage		(1,814,000	)		(650,000	)		-		-			(2,464,000	)
Loss on disposal of assets		(30,000	)		-			-		-			(30,000	)
Depreciation and amortization expense		(762,000	)		(474,000	)		-		-			(1,236,000	)
Income from investments		-			-			79,000		-			79,000
Income tax expense		-			-			-		(618,000	)		(618,000	)
Net income (loss)	$	1,339,000		$	722,000		$	79,000	$	(1,427,000	)	$	713,000
Total assets	$	50,525,000		$	57,537,000		$	19,511,000	$	12,307,000		$	139,880,000

As of and for the three months	Hotel			Real Estate			Investment
ended September 30, 2014	Operations			Operations			Transactions			Other			Total
Revenues	$	14,830,000		$	4,197,000		$	-		$	-		$	19,027,000
Segment operating expenses		(11,838,000	)		(2,140,000	)		-			(781,000	)		(14,759,000	)
Segment income (loss) from operations		2,992,000			2,057,000			-			(781,000	)		4,268,000
Interest expense		(1,896,000	)		(762,000	)		-			-			(2,658,000	)
Depreciation and amortization expense		(691,000	)		(535,000	)								(1,226,000	)
Loss from investments		-			-			(1,987,000	)		-			(1,987,000	)
Other real estate income		-			458,000			-			-			458,000
Income tax benefit		-			-			-			241,000			241,000
Net income (loss)	$	405,000		$	1,218,000		$	(1,987,000	)	$	(540,000	)	$	(904,000	)
Total assets	$	42,492,000		$	63,373,000		$	25,111,000		$	34,675,000		$	165,651,000