CONCENTRATION OF CREDIT RISK	12 Months Ended
Jun. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATION OF CREDIT RISK	NOTE 12 – CONCENTRATION OF CREDIT RISK As of June 30, 2022 and 2021, receivables related to Hotel customers were $377,000 and $194,000, respectively. Usually, credit extended to the Company’s tenants at its rental properties is of low risk as leases do not extend beyond one year and if tenants become delinquent, local eviction laws are used to evict tenants. However, as of June 30, 2021 accounts receivable from the Company’s rental properties was $660,000 and allowance for doubtful accounts was $514,000, for a net receivable of $146,000. This unusual large gross receivable amount from our rental properties was due to temporary eviction moratorium imposed by the federal and state governmental authorities since the beginning of the COVID19 pandemic. Under the eviction moratorium, the Company was not allowed to evict tenants for non-payment of rent. Since the eviction moratorium was lifted, accounts receivable from the Company’s rental properties was $366,000 and allowance for doubtful accounts was $110,000, for a net receivable of $256,000 as of June 30, 2022. The Company continues to work with its delinquent tenants and some tenants have received governmental assistance to pay for their delinquent balances. The Company maintains its cash and cash equivalents and restricted cash with various financial institutions that are monitored regularly for credit quality. At times, such cash and cash equivalents holdings may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) or other federally insured limits; however, the Company has never suffered any losses as a result of such high balances.

CONCENTRATION OF CREDIT RISK

12 Months Ended

Jun. 30, 2022

NOTE 12 – CONCENTRATION OF CREDIT RISK

As of June 30, 2022 and 2021, receivables related to Hotel customers were $377,000 and $194,000, respectively. Usually, credit extended to the Company’s tenants at its rental properties is of low risk as leases do not extend beyond one year and if tenants become delinquent, local eviction laws are used to evict tenants. However, as of June 30, 2021 accounts receivable from the Company’s rental properties was $660,000 and allowance for doubtful accounts was $514,000, for a net receivable of $146,000. This unusual large gross receivable amount from our rental properties was due to temporary eviction moratorium imposed by the federal and state governmental authorities since the beginning of the COVID19 pandemic. Under the eviction moratorium, the Company was not allowed to evict tenants for non-payment of rent. Since the eviction moratorium was lifted, accounts receivable from the Company’s rental properties was $366,000 and allowance for doubtful accounts was $110,000, for a net receivable of $256,000 as of June 30, 2022. The Company continues to work with its delinquent tenants and some tenants have received governmental assistance to pay for their delinquent balances.

The Company maintains its cash and cash equivalents and restricted cash with various financial institutions that are monitored regularly for credit quality. At times, such cash and cash equivalents holdings may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) or other federally insured limits; however, the Company has never suffered any losses as a result of such high balances.