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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (5,089,000) $ 2,814,000
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net unrealized loss on marketable securities 1,272,000 927,000
Deferred taxes (2,915,000) (1,713,000)
Loss on disposal of assets 398,000
Impairment loss on other investments 219,000 98,000
Depreciation and amortization 4,715,000 4,777,000
Stock compensation expense 142,000 76,000
Changes in assets and liabilities:    
Investment in marketable securities 2,246,000 3,218,000
Other assets, net 377,000 2,823,000
Accounts payable and other liabilities - Justice (3,831,000) 1,352,000
Accounts payable and other liabilities 394,000 467,000
Due to securities broker (53,000) (258,000)
Obligations for securities sold (931,000) (710,000)
Net cash (used in) provided by operating activities (3,454,000) 14,269,000
Cash flows from investing activities:    
Investment in Hotel, net (1,292,000) (1,397,000)
Investment in real estate, net (1,048,000) (833,000)
Proceeds from other investments 115,000 103,000
Investment in Santa Fe (1,037,000) (123,000)
Investment in Portsmouth (99,000)
Investment in Woodland 913,000
Investment in Justice (150,000)
Net cash used in investing activities (2,448,000) (2,400,000)
Cash flows from financing activities:    
Proceeds from other notes payable - SBA Loans 5,172,000
Net proceeds from (payments of) mortgage and other notes payable 5,303,000 (5,992,000)
Issuance cost from refinance of long-term debt (771,000) (162,000)
Proceeds from line of credit 2,985,000
Purchase of treasury stock (648,000) (1,079,000)
Net cash provided by (used in) financing activities 9,056,000 (4,248,000)
Net increase in cash, cash equivalents and restricted cash: 3,154,000 7,621,000
Cash, cash equivalents and restricted cash at the beginning of the year 25,132,000 17,511,000
Cash, cash equivalents and restricted cash at the end of the year 28,286,000 25,132,000
Supplemental information:    
Income taxes paid (refunds received) 41,000 (1,239,000)
Interests paid 9,440,000 10,011,000
Non-cash transactions:    
Additions to Hotel equipment through finance leases $ 30,000 $ 382,000