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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net (loss) income $ (295,000) $ 1,595,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 1,274,000 1,240,000
Amortization 28,000 28,000
Net unrealized (loss) gain on marketable securities 722,000 (735,000)
Deferred taxes 74,000 1,052,000
Impairment loss on other investments 0 20,000
Stock compensation expense 62,000 72,000
Changes in operating assets and liabilities:    
Investment in marketable securities 1,956,000 (4,293,000)
Other assets (1,127,000) 558,000
Accounts payable and other liabilities 402,000 (2,189,000)
Due to securities broker (1,385,000) 1,544,000
Obligations for securities sold (252,000) 944,000
Net cash provided by (used in) operating activities 1,459,000 (164,000)
Cash flows from investing activities:    
Investment in hotel, net (44,000) (272,000)
Investment in real estate, net (272,000) (483,000)
Net cash used in investing activities (316,000) (755,000)
Cash flows from financing activities:    
Payments of mortgage and other notes payable (752,000) (747,000)
Restricted cash - (payments to) withdrawal of mortgage impounds (449,000) 319,000
Net cash used in financing activities (1,201,000) (428,000)
Net decrease in cash and cash equivalents (58,000) (1,347,000)
Cash and cash equivalents at the beginning of the period 2,871,000 5,404,000
Cash and cash equivalents at the end of the period 2,813,000 4,057,000
Supplemental information:    
Interest paid $ 2,682,000 $ 2,606,000