RELATED PARTY AND OTHER FINANCING TRANSACTIONS (Tables)

12 Months Ended

Jun. 30, 2022

Related Party And Other Financing Transactions

SUMMARY OF RELATED PARTY AND OTHER NOTES PAYABLE

The following summarizes the balances of related party and other notes payable as of June 30, 2022 and 2021, respectively.

As of June 30,		2022		2021
Note payable – Hilton	$	2,375,000	$	2,692,000
Note payable – Aimbridge		1,146,000		1,396,000
Other notes payable - SBA Loans		-		2,000,000
Total related party and other notes payable	$	3,521,000	$	6,088,000

SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS

Future minimum principal payments for all related party and other financing transactions are as follows:

For the year ending June 30,
2023	$	567,000
2024		567,000
2025		567,000
2026		567,000
2027		462,000
Thereafter		791,000
	$	3,521,000