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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 6,000 $ (2,802,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,461,000 2,597,000
Deferred taxes 270,000 419,000
Net unrealized loss on marketable securities 2,664,000 2,081,000
Impairment loss on other investments 0 200,000
Stock compensation expense 59,000 122,000
Changes in operating assets and liabilities:    
Investment in marketable securities 3,591,000 1,887,000
Other assets 449,000 290,000
Accounts payable and other liabilities (1,265,000) (939,000)
Due to securities broker (1,475,000) (220,000)
Obligations for securities sold (1,935,000) (1,639,000)
Net cash provided by operating activities 4,825,000 1,996,000
Cash flows from investing activities:    
Payments for hotel investments (583,000) (109,000)
Payments for real estate investments (399,000) (578,000)
Payments for investment in Santa Fe (15,000) 0
Proceeds from other investments 80,000 48,000
Net cash used in investing activities (917,000) (639,000)
Cash flows from financing activities:    
Net payments of mortgage and other notes payable (4,411,000) (1,526,000)
Proceeds from line of credit 2,985,000 0
Purchase of treasury stock (464,000) (109,000)
Net cash used in financing activities (1,890,000) (1,635,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 2,018,000 (278,000)
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 19,529,000 9,995,000
Supplemental information:    
Interest paid 5,081,000 5,336,000
Taxes paid $ 265,000 $ 489,000