OTHER ASSETS, NET

12 Months Ended

Jun. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets Disclosure [Text Block]

NOTE 8 – OTHER ASSETS, NET

Other assets consist of the following as of June 30:

	2016		2015
Accounts receivable, net	$	3,250,000	$	6,791,000
Inventory - Hotel		248,000		256,000
Prepaid expenses		1,298,000		781,000
Occupancy tax deposit - Hotel		-		1,061,000
Miscellaneous assets, net		2,216,000		2,616,000
Total other assets	$	7,012,000	$	11,505,000

Amortization expense of loan fees and franchise costs for the years ended June 30, 2016 and 2015 was $159,000 and $131,000, respectively.