INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 30, 2021

Investment In Hotel Net

SCHEDULE OF INVESTMENT IN HOTEL

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
September 30, 2021	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(685,000	)		1,120,000
Furniture and equipment		31,254,000		(28,087,000	)		3,167,000
Building and improvements		64,587,000		(34,273,000	)		30,314,000
Investment in Hotel, net	$	100,384,000	$	(63,045,000	)	$	37,339,000

			Accumulated			Net Book
June 30, 2021	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(606,000	)		1,199,000
Furniture and equipment		31,014,000		(27,957,000	)		3,057,000
Building and improvements		64,585,000		(33,928,000	)		30,657,000
Investment in Hotel, net	$	100,142,000	$	(62,491,000	)	$	37,651,000