ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL (Tables)

6 Months Ended

Dec. 31, 2021

Accounts Payable And Other Liabilities - Hotel

SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL

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

As of	December 31, 2021		June 30, 2021
Payroll and related accruals	$	2,458,000	$	2,345,000
Trade payable		2,083,000		2,113,000
Withholding and other taxes payable		536,000		885,000
Advance deposits		484,000		161,000
Finance leases		422,000		664,000
Security deposit		52,000		52,000
Mortgage interest payable		-		582,000
Other payables		914,000		606,000
Total accounts payable and other liabilities - Hotel	$	6,949,000	$	7,408,000

SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS FOR ASSETS

For the year ending June 30,
2022	$	249,000
2023		188,000
Total minimum lease payments		437,000
Less interest on finance lease		(15,000	)
Present value of future minimum lease payments	$	422,000