INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 30, 2022

Investment In Hotel Net

SCHEDULE OF INVESTMENT IN HOTEL, NET

Investment in Hotel consisted of the following as of:

			Accumulated			Net Book
September 30, 2022	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(1,002,000	)		803,000
Furniture and equipment		34,492,000		(28,792,000	)		5,700,000
Building and improvements		64,665,000		(35,658,000	)		29,007,000
Investment in Hotel, net	$	103,700,000	$	(65,452,000	)	$	38,248,000

			Accumulated			Net Book
June 30, 2022	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(922,000	)		883,000
Furniture and equipment		32,860,000		(28,567,000	)		4,293,000
Building and improvements		64,665,000		(35,312,000	)		29,353,000
Investment in Hotel, net	$	102,068,000	$	(64,801,000	)	$	37,267,000