ACCOUNTS PAYABLE AND OTHER LIABILITIES

6 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND OTHER LIABILITIES

NOTE 13 – ACCOUNTS PAYABLE AND OTHER LIABILITIES

The following summarizes the balances of accounts payable and other liabilities as of December 31, 2021 and June 30, 2021.

As of	December 31, 2021		June 30, 2021
Trade payable	$	545,000	$	485,000
Advance deposits		312,000		282,000
Property tax payable		942,000		559,000
Payroll and related accruals		48,000		42,000
Interest payable		239,000		142,000
Withholding and other taxes payable		263,000		867,000
Tenant security deposit		803,000		789,000
Other payables		364,000		191,000
Total accounts payable and other liabilities	$	3,516,000	$	3,357,000