Accounts Payable and Other Liabilities

6 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Accounts Payable and Other Liabilities

NOTE 13 – ACCOUNTS PAYABLE AND OTHER LIABILITIES

The following summarizes the balances of accounts payable and other liabilities as of December 31, 2019 and June 30, 2019.

As of	12/31/2019		06/30/2019
Trade payable	$	560,000	$	521,000
Advance deposits		324,000		378,000
Property tax payable		935,000		595,000
Payroll and related accruals		49,000		47,000
Interest payable		223,000		221,000
Withholding and other taxes payable		1,069,000		1,108,000
Security deposit		743,000		736,000
Other payables		151,000		160,000
Total accounts payable and other liabilities	$	4,054,000	$	3,766,000