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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 5,155,000 $ (2,035,000)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 3,332,000 3,594,000
Gain from sale of real estate (12,043,000)
Gain on Extinguishment of Debt (453,000)
Deferred taxes 1,658,000 (688,000)
Net unrealized (gain) loss on marketable securities (9,604,000) 1,771,000
Impairment loss on other investments 119,000 103,000
Stock compensation expense 12,000 138,000
Changes in operating assets and liabilities:    
Investment in marketable securities (21,214,000) 5,072,000
Other assets (1,199,000) 233,000
Accounts payable and other liabilities - Justice (1,447,000) (3,182,000)
Accounts payable and other liabilities (1,042,000) 96,000
Due to securities broker 7,445,000 (1,606,000)
Obligations for securities sold 4,967,000 (1,225,000)
Net cash (used in) provided by operating activities (24,314,000) 2,271,000
Cash flows from investing activities:    
Proceeds from sale of real estate 15,178,000
Proceeds from other investments 118,000 115,000
Investment in Justice (206,000)
Payments for hotel investments (491,000) (1,207,000)
Payments for real estate investments (830,000) (848,000)
Distribution to NCI (979,000)
Payments for investment in Santa Fe (1,023,000)
Payments for investment in Portsmouth (62,000)
Investment in Woodland 913,000
Net cash provided by (used in) investing activities 12,790,000 (2,112,000)
Cash flows from financing activities:    
Proceeds from refinance of mortgage notes paybles 5,384,000
Proceeds from SBA loan 2,000,000
Payments of mortgage and other notes payable (3,040,000) (3,236,000)
Payment of LOC (2,985,000)
Purchase of treasury stock (1,338,000) (568,000)
Issuance cost from refinance of mortgage notes payable - real estate (255,000)
Issuance cost from renewing line of credit (5,000)
Net cash used in financing activities (239,000) (3,804,000)
Net decrease in cash, cash equivalents and restricted cash (11,763,000) (3,645,000)
Cash, cash equivalents and restricted cash at the beginning of the period 28,286,000 25,132,000
Cash, cash equivalents and restricted cash at the end of the period 16,523,000 21,487,000
Supplemental information:    
Interest paid 6,914,000 7,083,000
Taxes paid 2,745,000 41,000
Non-cash transaction:    
Additions to Hotel equipment through capital lease $ 30,000 $ 30,000