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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (6,022,000) $ 5,155,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 3,468,000 3,499,000
Amortization of loan cost 341,000 259,000
Amortization of related party note (426,000) (426,000)
Gain from debt extinguishment (2,000,000) (453,000)
Gain on sale of real estate (12,043,000)
Deferred taxes (2,740,000) 1,658,000
Net unrealized loss (gain) on marketable securities 2,739,000 (9,604,000)
Impairment loss on other investments 41,000 119,000
Stock compensation expense 4,000 12,000
Changes in operating assets and liabilities:    
Investment in marketable securities 7,512,000 (21,214,000)
Other assets (1,433,000) (1,199,000)
Accounts payable and other liabilities - Hotel 321,000 (1,447,000)
Accounts payable and other liabilities (317,000) (1,042,000)
Due to securities broker (5,197,000) 7,445,000
Obligations for securities sold (5,162,000) 4,967,000
Net cash used in operating activities (8,871,000) (24,314,000)
Cash flows from investing activities:    
Payments for hotel investments (1,694,000) (491,000)
Payments for real estate investments (1,716,000) (830,000)
Payments for investment in Justice (344,000) (206,000)
Payments for investment in Portsmouth (17,000)
Proceeds from sale of real estate 15,178,000
Proceeds from other investments 118,000
Distribution to NCI (979,000)
Net cash (used in) provided by investing activities (3,771,000) 12,790,000
Cash flows from financing activities:    
Payments of mortgage and other notes payable (2,857,000) (3,040,000)
Proceeds from refinance of mortgage notes payable 16,099,000 5,384,000
Issuance costs of refinancing mortgage and other notes payable (91,000) (255,000)
Purchase of treasury stock (1,625,000) (1,338,000)
Payments of LOC (2,985,000)
Issuance cost from renewing line of credit (5,000)
Proceeds from SBA loan 2,000,000
Net cash provided by (used in) financing activities 11,526,000 (239,000)
Net decrease in cash, cash equivalents and restricted cash (1,116,000) (11,763,000)
Cash, cash equivalents and restricted cash at the beginning of the period 15,392,000 28,286,000
Cash, cash equivalents and restricted cash at the end of the period 14,276,000 16,523,000
Supplemental information:    
Interest paid 5,921,000 6,914,000
Taxes paid 679,000 2,745,000
Non-cash transaction:    
Additions to Hotel equipment through finance lease $ 30,000