OTHER ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2016

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:

	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