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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (2,023,000) $ (584,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,840,000 3,977,000
Net unrealized loss on marketable securities 2,723,000 3,040,000
Unrealized loss on other investments 42,000 0
Impairment loss on other investments 200,000 165,000
Stock compensation expense 153,000 206,000
Deferred taxes 430,000 386,000
Changes in assets and liabilities:    
Investment in marketable securities 5,012,000 (3,980,000)
Other assets 789,000 2,752,000
Accounts payable and other liabilities (916,000) (2,548,000)
Due to securities broker (2,592,000) 1,802,000
Obligations for securities sold (2,826,000) 1,656,000
Net cash provided by operating activities 4,832,000 6,872,000
Cash flows from investing activities:    
Investment in hotel, net (192,000) (207,000)
Investment in real estate, net (722,000) (705,000)
Investment in Santa Fe 0 (34,000)
Investment in Portsmouth 0 (36,000)
Proceeds from other investments 76,000 0
Payments for other investments 0 (360,000)
Net cash used in investing activities (838,000) (1,342,000)
Cash flows from financing activities:    
Restricted cash - payment of mortgage impounds (634,000) (1,096,000)
Net payments of mortgage and other notes payable (2,336,000) (3,103,000)
Purchase of treasury stock (224,000) (452,000)
Net cash used in financing activities (3,194,000) (4,651,000)
Net increase in cash and cash equivalents 800,000 879,000
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 3,671,000 6,283,000
Supplemental information:    
Interest paid 7,835,000 7,801,000
Non-cash transaction:    
Key Money Incentive Fee $ 0 $ 2,000,000