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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 752,000 $ (6,022,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,012,000 3,468,000
Amortization of loan cost 265,000 341,000
Amortization of related party note payable (425,000) (426,000)
Gain on insurance recovery (2,692,000)
Gain from debt extinguishment (2,000,000)
Deferred taxes (2,740,000)
Net unrealized loss (gain) on marketable securities (2,459,000) 2,739,000
Impairment loss on other investments 41,000
Stock compensation expense 4,000
Change in operating assets and liabilities:    
Investment in marketable securities (3,459,000) 7,512,000
Accounts receivable (11,000)
Other assets (738,000) (1,433,000)
Accounts payable and other liabilities - Hotel 9,019,000 321,000
Accounts payable and other liabilities (6,585,000) (317,000)
Due to securities broker (314,000) (5,197,000)
Obligations for securities sold 208,000 (5,162,000)
Net cash used in operating activities (2,427,000) (8,871,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments for hotel investments (4,131,000) (1,694,000)
Payments for real estate investments (1,940,000) (1,716,000)
Insurance proceeds for property damage claims 2,325,000
Payments for investment in Justice (344,000)
Payments for investment in Portsmouth (175,000) (17,000)
Net cash used in investing activities (3,921,000) (3,771,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments of mortgage and other notes payable (2,312,000) (2,857,000)
Proceeds from refinance of mortgage notes payable 16,099,000
Issuance costs of refinancing mortgage and other notes payable (91,000)
Purchase of treasury stock (1,432,000) (1,625,000)
Payments of finance leases (158,000)
Net cash provided by (used in) financing activities (3,902,000) 11,526,000
Net change in cash, cash equivalents, and restricted cash (10,250,000) (1,116,000)
Cash, cash equivalents, and restricted cash at the beginning of the period 23,349,000 15,392,000
Cash, cash equivalents, and restricted cash at the end of the period 13,099,000 14,276,000
Supplemental information:    
Interest paid 5,862,000 5,921,000
Taxes paid $ 679,000