SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

As of and for the three months	Hotel			Real Estate			Investment
ended December 31, 2022	Operations			Operations			Transactions		Corporate			Total
Revenues	$	9,892,000		$	3,980,000		$	-	$	-		$	13,872,000
Segment operating expenses		(8,726,000	)		(2,672,000	)		-		(975,000	)		(12,373,000	)
Segment (loss) income		1,166,000			1,308,000			-		(975,000	)		1,499,000
Interest expense - mortgage		(1,655,000	)		(505,000	)		-		-			(2,160,000	)
Depreciation and amortization expense		(660,000	)		(642,000	)		-		-			(1,302,000	)
Gain on insurance recovery		-			2,692,000			-		-			2,692,000
Gain from investments		-			-			1,062,000		-			1,062,000
Income tax expense		-			-			-		(224,000	)		(224,000	)
Net (loss) income	$	(1,149,000	)	$	2,853,000		$	1,062,000	$	(1,199,000	)	$	1,567,000
Total assets	$	45,660,000		$	48,525,000		$	22,089,000	$	16,025,000			132,299,000

As of and for the three months	Hotel			Real Estate			Investment
ended December 31, 2021	Operations			Operations			Transactions			Corporate			Total
Revenues	$	6,348,000		$	3,866,000		$	-		$	-		$	10,214,000
Segment operating expenses		(6,479,000	)		(2,276,000	)		-			(576,000	)		(9,331,000	)
Segment (loss) income		(131,000	)		1,590,000			-			(576,000	)		883,000
Interest expense - mortgage		(1,654,000	)		(628,000	)		-			-			(2,282,000	)
Depreciation and amortization expense		(539,000	)		(596,000	)		-			-			(1,135,000	)
Gain (loss) from extinguishment of debt		2,000,000			(335,000	)		-			-			1,665,000
Loss from investments		-			-			(2,290,000	)		-			(2,290,000	)
Income tax benefit		-			-			-			916,000			916,000
Net (loss) income	$	(324,000	)	$	31,000		$	(2,290,000	)	$	340,000		$	(2,243,000	)
Total assets	$	45,741,000		$	47,173,000		$	21,148,000		$	19,581,000		$	133,643,000

As of and for the six months	Hotel			Real Estate			Investment
ended December 31, 2022	Operations			Operations			Transactions		Corporate			Total
Revenues	$	22,202,000		$	8,058,000		$	-				$	30,260,000
Segment operating expenses		(18,032,000	)		(4,863,000	)		-		(1,674,000	)		(24,569,000	)
Segment (loss) income		4,170,000			3,195,000			-		(1,674,000	)		5,691,000
Interest expense - mortgage		(3,287,000	)		(1,095,000	)		-		-			(4,382,000	)
Depreciation and amortization expense		(1,311,000	)		(1,320,000	)		-		-			(2,631,000	)
Gain on insurance recovery		-			2,692,000			-		-			2,692,000
Gain from investments		-			-			162,000		-			162,000
Income tax expense		-			-			-		(166,000	)		(166,000	)
Net (loss) income	$	(428,000	)	$	3,472,000		$	162,000	$	(1,840,000	)	$	1,366,000
Total assets	$	45,660,000		$	48,525,000		$	22,089,000	$	16,025,000		$	132,299,000

As of and for the three months	Hotel			Real Estate			Investment
ended December 31, 2021	Operations			Operations			Transactions			Corporate			Total
Revenues	$	13,153,000		$	7,982,000		$	-		$	-		$	21,135,000
Segment operating expenses		(12,812,000	)		(4,350,000	)		-			(1,386,000	)		(18,548,000	)
Segment income (loss)		341,000			3,632,000			-			(1,386,000	)		2,587,000
Interest expense - mortgage		(3,315,000	)		(1,209,000	)		-			-			(4,524,000	)
Depreciation and amortization expense		(1,093,000	)		(1,190,000	)		-			-			(2,283,000	)
Gain (loss) from extinguishment of debt		2,000,000			(335,000	)		-			-			1,665,000
Loss from investments		-			-			(4,625,000	)		-			(4,625,000	)
Income tax benefit		-			-			-			2,031,000			2,031,000
Net (loss) income	$	(2,067,000	)	$	898,000		$	(4,625,000	)	$	645,000		$	(5,149,000	)
Total assets	$	45,741,000		$	47,173,000		$	21,148,000		$	19,581,000		$	133,643,000