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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ 1,341,000 $ (2,023,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,626,000 3,840,000
Loss on disposal of assets 398,000 0
Deferred taxes 771,000 430,000
Net unrealized loss on marketable securities 1,534,000 2,723,000
Unrealized loss on other investments 0 42,000
Impairment loss on other investments 98,000 200,000
Stock compensation expense 68,000 153,000
Changes in operating assets and liabilities:    
Investment in marketable securities 1,473,000 5,012,000
Other assets 2,555,000 789,000
Accounts payable and other liabilities (2,740,000) (916,000)
Due to securities broker 137,000 (2,592,000)
Obligations for securities sold (1,231,000) (2,826,000)
Net cash provided by operating activities 8,030,000 4,832,000
Cash flows from investing activities:    
Payments for hotel investments (982,000) (192,000)
Payments for real estate investments (566,000) (722,000)
Payments for investment in Santa Fe (15,000) 0
Proceeds from other investments 103,000 76,000
Net cash used in investing activities (1,460,000) (838,000)
Cash flows from financing activities:    
Net payments of mortgage and other notes payable (5,174,000) (2,336,000)
Proceeds from line of credit 2,985,000 0
Purchase of treasury stock (538,000) (224,000)
Net cash used in financing activities (2,727,000) (2,560,000)
Net increase in cash, cash equivalents and restricted cash 3,843,000 1,434,000
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 21,354,000 11,707,000
Supplemental information:    
Interest paid 7,542,000 7,835,000
Taxes (refund received) paid (1,349,000) 73,000
Non-cash transaction:    
Additions to Hotel equipment through capital lease $ 71,000 $ 0