SEGMENT INFORMATION (Tables)

9 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

As of and for the three months	Hotel			Real Estate			Investment
ended March 31, 2022	Operations			Operations			Transactions		Corporate			Total
Revenues	$	6,632,000		$	3,826,000		$	-	$	-		$	10,458,000
Segment operating expenses		(6,544,000	)		(2,270,000	)		-		(580,000	)		(9,394,000	)
Segment income (loss)		88,000			1,556,000			-		(580,000	)		1,064,000
Interest expense - mortgage		(1,624,000	)		(564,000	)		-		-			(2,188,000	)
Depreciation and amortization expense		(576,000	)		(609,000	)		-		-			(1,185,000	)
Gain from investments		-			-			725,000		-			725,000
Income tax benefit		-			-			-		711,000			711,000
Net (loss) income	$	(2,112,000	)	$	383,000		$	725,000	$	131,000		$	(873,000	)
Total assets	$	46,385,000		$	47,625,000		$	25,541,000	$	13,502,000		$	133,053,000

For the three months	Hotel			Real Estate			Investment
ended March 31, 2021	Operations			Operations			Transactions		Corporate			Total
Revenues	$	2,902,000		$	3,465,000		$	-	$	-		$	6,367,000
Segment operating expenses		(3,990,000	)		(1,944,000	)		-		(704,000	)		(6,638,000	)
Segment (loss) income		(1,088,000	)		1,521,000			-		(704,000	)		(271,000	)
Interest expense - mortgage		(1,642,000	)		(538,000	)		-		-			(2,180,000	)
Depreciation and amortization expense		(529,000	)		(598,000	)		-		-			(1,127,000	)
Gain from debt extinguishment		-			-			-		453,000			453,000
Gain from investments		-			-			5,404,000		-			5,404,000
Income tax expense		-			-			-		(880,000	)		(880,000	)
Net (loss) income	$	(3,259,000	)	$	385,000		$	5,404,000	$	(1,131,000	)	$	1,399,000

As of and for the nine months	Hotel			Real Estate			Investment
ended March 31, 2022	Operations			Operations			Transactions			Corporate			Total
Revenues	$	19,785,000		$	11,808,000		$	-		$	-		$	31,593,000
Segment operating expenses		(19,356,000	)		(6,620,000	)		-			(1,966,000	)		(27,942,000	)
Segment income (loss)		429,000			5,188,000			-			(1,966,000	)		3,651,000
Interest expense - mortgage		(4,939,000	)		(1,773,000	)		-			-			(6,712,000	)
Depreciation and amortization expense		(1,669,000	)		(1,799,000	)		-			-			(3,468,000	)
Gain (loss) from debt extinguishment		2,000,000			(335,000	)		-			-			1,665,000
Loss from investments		-			-			(3,900,000	)		-			(3,900,000	)
Income tax benefit		-			-			-			2,742,000			2,742,000
Net (loss) income	$	(4,179,000	)	$	1,281,000		$	(3,900,000	)	$	776,000		$	(6,022,000	)
Total assets	$	46,385,000		$	47,625,000		$	25,541,000		$	13,502,000		$	133,053,000

As of and for the nine months	Hotel			Real Estate			Investment
ended March 31, 2021	Operations			Operations			Transactions		Corporate			Total
Revenues	$	9,436,000		$	10,503,000		$	-	$	-		$	19,939,000
Segment operating expenses		(14,156,000	)		(5,932,000	)		-		(2,630,000	)		(22,718,000	)
Segment (loss) income		(4,720,000	)		4,571,000			-		(2,630,000	)		(2,779,000	)
Interest expense - mortgage		(5,010,000	)		(1,726,000	)		-		-			(6,736,000	)
Gain from debt extinguishment		-			-			-		453,000			453,000
Depreciation and amortization expense		(1,690,000	)		(1,809,000	)		-		-			(3,499,000	)
Gain from sale of real estate		-			12,043,000			-		-			12,043,000
Gain from investments		-			-			8,263,000		-			8,263,000
Income tax expense		-			-			-		(2,590,000	)		(2,590,000	)
Net (loss) income	$	(11,420,000	)	$	13,079,000		$	8,263,000	$	(4,767,000	)	$	5,155,000