XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Significant Accounting Policies (Details Narrative) - USD ($)
9 Months Ended
Feb. 03, 2017
Mar. 31, 2021
Cash received in liquidation   $ 5,013,000
Agreement description   Justice entered into a Hotel management agreement ("HMA") with Interstate Management Company, LLC ("Interstate") to manage the Hotel, along with its five-level parking garage, with an effective takeover date of February 3, 2017. The term of the management agreement is for an initial period of ten years commencing on the takeover date and automatically renews for successive one (1) year periods, to not exceed five years in the aggregate, subject to certain conditions. Under the terms on the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. On October 25, 2019, Interstate merged with Aimbridge Hospitality, North America's largest independent hotel management firm. With the completion of the merger, the newly combined company will be positioned under the Aimbridge Hospitality name in the Americas.
Mortgage Note Payable [Member]    
Bears interest percentage 1.70%  
Portsmouth [Member]    
Equity investment interest   71.30%
Ownership interest percentage   68.80%
Santa Fe [Member]    
Equity investment interest   83.70%
Santa Fe [Member] | Chairman and CEO [Member]    
Equity investment interest   3.70%
Cash received in liquidation   $ 221,000
Shares received in liquidation   18,641
Portsmouth [Member]    
Shares received in liquidation   422,998
Portsmouth [Member] | President, Chairman of the Board and Chief Executive Officer, John Winfield [Member]    
Equity investment interest   2.50%
Justice Investors Limited Partnership and Intergroup [Member]    
Equity investment interest   97.50%