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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 1,595,000 $ 713,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,268,000 1,236,000
Net loss on disposal of assets 0 30,000
Net unrealized gain on marketable securities (735,000) (440,000)
Unrealized loss on other investments 0 74,000
Impairment loss on other investments 20,000 0
Stock compensation expense 72,000 211,000
Changes in assets and liabilities:    
Investment in marketable securities (4,293,000) 1,764,000
Other assets 558,000 4,399,000
Accounts payable and other liabilities (2,189,000) (3,832,000)
Due to securities broker 1,544,000 (345,000)
Obligations for securities sold 944,000 (22,000)
Deferred taxes 1,052,000 443,000
Net cash (used in) provided by operating activities (164,000) 4,231,000
Cash flows from investing activities:    
Investment in hotel, net (272,000) (1,291,000)
Investment in real estate, net (483,000) (2,243,000)
Investment in Santa Fe 0 (120,000)
Net cash used in investing activities (755,000) (3,654,000)
Cash flows from financing activities:    
Restricted cash - withdrawal of mortgage impounds (747,000) (175,000)
Net proceeds from (payments of) mortgage and other notes payable 319,000 (465,000)
Purchase of treasury stock 0 (122,000)
Net cash used in financing activities (428,000) (762,000)
Net decrease in cash and cash equivalents (1,347,000) (185,000)
Cash and cash equivalents at the beginning of the period 5,404,000 8,529,000
Cash and cash equivalents at the end of the period 4,057,000 8,344,000
Supplemental information:    
Interest paid 2,606,000 2,563,000
Non-cash transaction:    
Conversion of other investments to marketable securities $ 0 $ 13,231,000