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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 10,545,000 $ (5,089,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Net unrealized (gain) loss on marketable securities (10,761,000) 1,272,000
Deferred taxes 2,243,000 (2,915,000)
Gain on disposal of assets (12,000)
Gain from sale of real estate (12,043,000)
Gain from debt forgiveness (5,172,000)
Impairment loss on other investments 119,000 219,000
Depreciation and amortization 4,412,000 4,715,000
Stock compensation expense 14,000 142,000
Reclassifying non-controlling interest (2,055,000)
Changes in assets and liabilities:    
Investment in marketable securities (18,853,000) 2,246,000
Other assets, net 364,000 377,000
Accounts payable and other liabilities - Justice (670,000) (3,831,000)
Accounts payable and other liabilities (856,000) 394,000
Due to securities broker 6,341,000 (53,000)
Obligations for securities sold 6,125,000 (931,000)
Net cash used in operating activities (20,259,000) (3,454,000)
Cash flows from investing activities:    
Investment in Hotel, net (1,068,000) (1,292,000)
Investment in real estate, net (2,917,000) (1,048,000)
Proceeds from other investments 118,000 115,000
Investment in Santa Fe (1,037,000)
Investment in Portsmouth (1,443,000) (99,000)
Investment in Woodland 913,000
Investment in Justice (696,000)
Proceeds from sale of real estate 15,178,000
Distribution to non-controlling interest (979,000)
Net cash provided by (used in) investing activities 8,193,000 (2,448,000)
Cash flows from financing activities:    
Proceeds from other notes payable - SBA Loans 2,000,000 5,172,000
Payments of mortgage and other notes payable (3,946,000) (2,655,000)
Proceeds from mortgage and other notes payable 6,762,000 7,958,000
Issuance cost from refinance of long-term debt (279,000) (771,000)
Issuance cost from renewing line of credit (5,000)
Payments of line of credit (2,985,000)
Purchase of treasury stock (2,375,000) (648,000)
Net cash (used in) provided by financing activities (828,000) 9,056,000
Net (decrease) increase in cash, cash equivalents and restricted cash: (12,894,000) 3,154,000
Cash, cash equivalents and restricted cash at the beginning of the year 28,286,000 25,132,000
Cash, cash equivalents and restricted cash at the end of the year 15,392,000 28,286,000
Supplemental information:    
Income taxes paid 3,076,000 41,000
Interests paid 8,677,000 9,440,000
Non-cash transactions:    
Additions to Hotel equipment through finance leases $ 30,000 $ 30,000