Related Party and Other Financing Transactions (Tables)

6 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

Summary of Related Party and Other Notes Payable

The following summarizes the balances of related party and other notes payable as of December 31, 2019 and June 30, 2019, respectively.

As of	12/31/2019		06/30/2019
Note payable - Hilton	$	3,167,000	$	3,325,000
Note payable - Interstate		1,771,000		1,896,000
Other notes payable		12,000		40,000
Total related party and other notes payable	$	4,950,000	$	5,261,000

Schedule of Minimum Future Lease Payments

Minimum future lease payments for assets under finance leases as of December 31, 2019 are as follows:

For the year ending June 30,
2020	$	246,000
2021		492,000
2022		482,000
2023		182,000
Total minimum lease payments		1,402,000
Less interest on finance lease		(120,000	)
Present value of future minimum lease payments	$	1,282,000

Schedule of Future Minimum Principal Payments

Future minimum principal payments for all related party and other financing transactions are as follows:

For the year ending June 30,
2020	$	585,000
2021		3,991,000
2022		1,022,000
2023		744,000
2024		567,000
Thereafter		2,308,000