SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

As of and for the year ended	Hotel			Real Estate			Investment
June 30, 2022	Operations			Operations			Transactions			Other			Total
Revenues	$	31,534,000		$	15,685,000		$	-		$	-		$	47,219,000
Segment operating expenses		(27,451,000	)		(8,694,000	)		-			(2,651,000	)		(38,796,000	)
Segment income (loss) from operations		4,083,000			6,991,000			-			(2,651,000	)		8,423,000
Interest expense - mortgages		(6,549,000	)		(2,332,000	)		-			-			(8,881,000	)
Gain (loss) on debt extinguishment		2,000,000			(335,000	)		-			-			1,665,000
Depreciation and amortization expense		(2,310,000	)		(2,444,000	)		-			-			(4,754,000	)
Loss from investments		-			-			(8,101,000	)		-			(8,101,000	)
Income tax benefit		-			-						1,030,000			1,030,000
Net income (loss)	$	(2,776,000	)	$	1,880,000		$	(8,101,000	)	$	(1,621,000	)	$	(10,618,000	)
Total assets	$	46,847,000		$	48,025,000		$	11,049,000		$	21,125,000		$	126,046,000

As of and for the year ended	Hotel			Real Estate			Investment
June 30, 2021	Operations			Operations			Transactions		Other			Total
Revenues	$	14,668,000		$	13,990,000		$	-	$	-		$	28,658,000
Segment operating expenses		(17,911,000	)		(7,869,000	)		-		(3,109,000	)		(28,889,000	)
Segment income (loss) from operations		(3,243,000	)		6,121,000			-		(3,109,000	)		(231,000	)
Interest expense - mortgage		(6,710,000	)		(2,204,000	)		-		-			(8,914,000	)
Gain on disposal of assets		12,000			-			-		-			12,000
Gain on debt forgiveness		4,719,000			-			-		453,000			5,172,000
Gain on sale of real estate					12,043,000			-		-			12,043,000
Depreciation and amortization expense		(2,228,000	)		(2,411,000	)		-		-			(4,639,000	)
Gain from investments		-			-			10,705,000		-			10,705,000
Income tax expense		-			-					(3,603,000	)		(3,603,000	)
Net income (loss)	$	(7,450,000	)	$	13,549,000		$	10,705,000	$	(6,259,000	)	$	10,545,000
Total assets	$	46,505,000		$	47,709,000		$	35,833,000	$	10,299,000		$	140,346,000