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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ 713,000 $ (904,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,236,000 1,226,000
Loss on disposal of assets 30,000 0
Net unrealized (gain) loss on marketable securities (440,000) 1,646,000
Unrealized loss on other investments 74,000 42,000
Stock compensation expense 211,000 325,000
Changes in assets and liabilities:    
Investment in marketable securities 1,764,000 458,000
Other assets 4,399,000 (289,000)
Accounts payable and other liabilities (3,832,000) (3,468,000)
Due to securities broker (345,000) (2,009,000)
Obligations for securities sold (22,000) 2,376,000
Deferred taxes 443,000 (241,000)
Net cash provided by (used in) operating activities 4,231,000 (838,000)
Cash flows from investing activities:    
Investment in hotel, net (1,291,000) (1,313,000)
Investment in real estate, net (2,243,000) (211,000)
Investment in Santa Fe (120,000) 0
Net cash used in investing activities (3,654,000) (1,524,000)
Cash flows from financing activities:    
Restricted cash - (payments to) withdrawal of mortgage impounds (175,000) 553,000
Net payments on mortgage and other notes payable (465,000) (276,000)
Purchase of treasury stock (122,000) 0
Net cash (used in) provided by financing activities (762,000) 277,000
Net decrease in cash and cash equivalents (185,000) (2,085,000)
Cash and cash equivalents at the beginning of the period 8,529,000 4,705,000
Cash and cash equivalents at the end of the period 8,344,000 2,620,000
Supplemental information:    
Interest paid 2,563,000 2,815,000
Non-cash transaction:    
Conversion of other investments to marketable securities $ 13,231,000 $ 0