Segment Information (Tables)

6 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Information below represents reported segments for the three months ended September 30, 2020 and 2019. Operating income (loss) from hotel operations consists of the operation of the hotel and the garage. Operating income from real estate operations consists of the operation of rental properties

As of and for the three months	Hotel			Real Estate			Investment
ended September 30, 2020	Operations			Operations			Transactions			Corporate			Total
Revenues	$	3,425,000		$	3,484,000		$	-		$	-		$	6,909,000
Segment operating expenses		(5,033,000	)		(1,887,000	)		-			(1,366,000	)		(8,286,000	)
Segment income (loss)		(1,608,000	)		1,597,000			-			(1,366,000	)		(1,377,000	)
Interest expense - mortgage and related party		(1,700,000	)		(615,000	)		-			-			(2,315,000	)
Depreciation and amortization expense		(579,000	)		(612,000	)		-			-			(1,191,000	)
Gain from sale of real estate		-			12,043,000			-			-			12,043,000
Loss from investments		-			-			(365,000	)		-			(365,000	)
Income tax expense		-			-			-			(1,975,000	)		(1,975,000	)
Net income (loss)	$	(3,887,000	)	$	12,413,000		$	(365,000	)	$	(3,341,000	)	$	4,820,000
Total assets	$	50,854,000		$	46,885,000		$	8,764,000		$	22,871,000		$	129,374,000

For the three months	Hotel			Real Estate			Investment
ended September 30, 2019	Operations			Operations			Transactions			Corporate			Total
Revenues	$	15,429,000		$	3,717,000		$	-		$	-		$	19,146,000
Segment operating expenses		(11,348,000	)		(1,950,000	)		-			(760,000	)		(14,058,000	)
Segment income (loss)		4,081,000			1,767,000			-			(760,000	)		5,088,000
Interest expense - mortgage and related party		(1,792,000	)		(605,000	)		-			-			(2,397,000	)
Depreciation and amortization expense		(593,000	)		(620,000	)		-			-			(1,213,000	)
Loss from investments		-			-			(612,000	)		-			(612,000	)
Income tax expense		-			-			-			(222,000	)		(222,000	)
Net income (loss)	$	1,696,000		$	542,000		$	(612,000	)	$	(982,000	)	$	644,000