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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net loss $ (2,802,000) $ (414,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,597,000 2,638,000
Net unrealized loss on marketable securities 2,081,000 2,448,000
Impairment loss on other investments 200,000 44,000
Stock compensation expense 122,000 140,000
Deferred taxes 419,000 227,000
Changes in assets and liabilities:    
Investment in marketable securities 1,887,000 (5,210,000)
Other assets 290,000 2,648,000
Accounts payable and other liabilities (939,000) (3,406,000)
Due to securities broker (220,000) 2,530,000
Obligations for securities sold (1,639,000) 867,000
Net cash provided by operating activities 1,996,000 2,512,000
Cash flows from investing activities:    
Investment in hotel, net (109,000) (317,000)
Investment in real estate, net (578,000) (615,000)
Investment in Santa Fe 0 (30,000)
Proceeds from other investments 48,000 0
Net cash used in investing activities (639,000) (962,000)
Cash flows from financing activities:    
Restricted cash - payment of mortgage impounds (284,000) (962,000)
Net payments of mortgage and other notes payable (1,526,000) (1,869,000)
Purchase of treasury stock (109,000) (352,000)
Net cash used in financing activities (1,919,000) (3,183,000)
Net decrease in cash and cash equivalents (562,000) (1,633,000)
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 2,309,000 3,771,000
Supplemental information:    
Interest paid $ 5,336,000 $ 5,167,000