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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 1,128,000 $ (295,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,230,000 1,302,000
Deferred taxes 710,000 74,000
Net unrealized loss on marketable securities 163,000 722,000
Stock compensation expense 30,000 62,000
Changes in operating assets and liabilities:    
Investment in marketable securities (327,000) 1,956,000
Other assets 445,000 (1,127,000)
Accounts payable and other liabilities (152,000) 402,000
Due to securities broker 1,040,000 (1,385,000)
Obligations for securities sold (271,000) (252,000)
Net cash provided by operating activities 3,996,000 1,459,000
Cash flows from investing activities:    
Investment in hotel, net (282,000) (44,000)
Investment in real estate, net (212,000) (272,000)
Proceeds from other investments 80,000 0
Net cash used in investing activities (414,000) (316,000)
Cash flows from financing activities:    
Net payments of mortgage and other notes payable (518,000) (752,000)
Purchase of treasury stock (198,000) 0
Net cash used in financing activities (716,000) (752,000)
Net increase in cash, cash equivalents and restricted cash 2,866,000 391,000
Cash, cash equivalents and restricted cash at the beginning of the period 17,511,000 10,273,000
Cash, cash equivalents and restricted cash at the end of the period 20,377,000 10,664,000
Supplemental information:    
Interest paid $ 2,633,000 $ 2,682,000