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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 5,813,000 $ (1,676,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Net unrealized (gain) loss on marketable securities (3,598,000) 3,852,000
Deferred taxes 4,352,000 (122,000)
Unrealized loss on other investments 42,000 0
Impairment loss on other investments 200,000 178,000
Depreciation and amortization 4,776,000 5,389,000
Stock compensation expense 184,000 268,000
Changes in assets and liabilities:    
Investment in marketable securities 6,934,000 (6,747,000)
Other assets, net (1,820,000) 2,806,000
Accounts payable and other liabilities (2,535,000) (2,720,000)
Due to securities broker (1,125,000) 1,519,000
Obligations for securities sold (1,775,000) 3,547,000
Net cash provided by operating activities 11,448,000 6,294,000
Cash flows from investing activities:    
Investment in Hotel, net (212,000) (328,000)
Investment in real estate, net (732,000) (875,000)
Proceeds from (purchase of) other investments 156,000 (360,000)
Investment in Santa Fe (4,000) (83,000)
Investment in Portsmouth 0 (36,000)
Net cash used in investing activities (792,000) (1,682,000)
Cash flows from financing activities:    
Net payments of mortgage and other notes payable (2,776,000) (2,420,000)
Restricted cash for capital improvements and mortgage impounds (2,056,000) (4,181,000)
Purchase of treasury stock (642,000) (544,000)
Net cash used in financing activities (5,474,000) (7,145,000)
Net increase (decrease) in cash and cash equivalents 5,182,000 (2,533,000)
Cash and cash equivalents at the beginning of the year 2,871,000 5,404,000
Cash and cash equivalents at the end of the year 8,053,000 2,871,000
Supplemental information:    
Income tax paid 171,000 1,063,000
Interest paid 10,399,000 10,256,000
Non-cash transactions:    
Additions to Hotel equipment through capital lease $ 1,364,000 $ 0