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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net (loss) income $ (10,616,000) $ 10,545,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Net unrealized loss (gain) on marketable securities 5,408,000 (10,761,000)
Deferred taxes (1,472,000) 2,243,000
Gain on disposal of assets (12,000)
Gain from sale of real estate (12,043,000)
Gain from debt forgiveness (2,000,000) (5,172,000)
Impairment loss on other investments 41,000 119,000
Depreciation and amortization 4,754,000 4,639,000
Amortization of loan cost 432,000 340,000
Amortization of related party notes (567,000) (567,000)
Stock compensation expense 4,000 14,000
Reclassifying non-controlling interest (2,055,000)
Changes in assets and liabilities:    
Investment in marketable securities 19,335,000 (18,853,000)
Other assets (1,123,000) 364,000
Accounts payable and other liabilities (642,000) (856,000)
Accounts payable and other liabilities – Hotel 764,000 (236,000)
Due to securities broker (7,427,000) 6,341,000
Obligations for securities sold (5,970,000) 6,125,000
Net cash provided by (used in) operating activities 921,000 (19,825,000)
Cash flows from investing activities:    
Capital expenditures for property and equipment - Hotel (1,926,000) (1,068,000)
Capital expenditures for property and equipment - real estate (2,760,000) (2,917,000)
Distribution from Santa Fe 1,159,000
Investment in Portsmouth (17,000) (1,443,000)
Investment in Justice (344,000) (696,000)
Proceeds from other investments 118,000
Proceeds from sale of real estate 15,178,000
Distribution to non-controlling interest (979,000)
Net cash (used in) provided by investing activities (3,888,000) 8,193,000
Cash flows from financing activities:    
Payments of mortgage, finance leases and other notes payable (3,698,000) (4,380,000)
Proceeds from mortgage and other notes payable 16,683,000 6,762,000
Issuance cost from refinance of long-term debt (107,000) (279,000)
Purchase of treasury stock (1,954,000) (2,375,000)
Proceeds from other notes payable – SBA Loans 2,000,000
Issuance cost from renewing line of credit (5,000)
Payments of line of credit (2,985,000)
Net cash provided by (used in) financing activities 10,924,000 (1,262,000)
Net increase (decrease) in cash, cash equivalents and restricted cash: 7,957,000 (12,894,000)
Cash, cash equivalents and restricted cash at the beginning of the year 15,392,000 28,286,000
Cash, cash equivalents and restricted cash at the end of the year 23,349,000 15,392,000
Supplemental information:    
Income taxes paid 1,975,000 3,076,000
Interests paid 7,663,000 8,677,000
Supplemental non-cash investing and financing transactions:    
Additions to Hotel equipment through finance leases $ 30,000