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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (9,932,000) $ (10,616,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Net unrealized (gain) loss on marketable securities (2,838,000) 5,408,000
Deferred taxes 8,539,000 (1,472,000)
Gain on insurance recovery (2,692,000)
Gain from debt forgiveness (2,000,000)
Impairment loss on other investments 41,000
Depreciation and amortization 5,464,000 4,754,000
Amortization of loan cost 352,000 432,000
Amortization of other notes payable (567,000) (567,000)
Stock compensation expense 4,000
Changes in assets and liabilities:    
Investment in marketable securities (4,458,000) 19,335,000
Other assets (20,000) (1,123,000)
Accounts payable and other liabilities (141,000) (642,000)
Accounts payable and other liabilities – Hotel 4,108,000 764,000
Due to securities broker 1,111,000 (7,427,000)
Obligations for securities sold 967,000 (5,970,000)
Net cash (used in) provided by operating activities (107,000) 921,000
Cash flows from investing activities:    
Capital expenditures for property and equipment - Hotel (5,866,000) (1,926,000)
Capital expenditures for property and equipment - real estate (2,314,000) (2,760,000)
Distribution from Santa Fe 1,159,000
Investment in Portsmouth (198,000) (17,000)
Investment in Justice (344,000)
Insurance proceeds for property damage claims 2,325,000
Net cash used in investing activities (6,053,000) (3,888,000)
Cash flows from financing activities:    
Payments of mortgage, finance leases and other notes payable (8,205,000) (3,698,000)
Proceeds from mortgage and other notes payable 5,360,000 16,683,000
Issuance cost from refinance of long-term debt (107,000)
Purchase of treasury stock (1,470,000) (1,954,000)
Net cash provided by (used in) financing activities (4,315,000) 10,924,000
Net (decrease) increase in cash, cash equivalents and restricted cash: (10,475,000) 7,957,000
Cash, cash equivalents and restricted cash at the beginning of the year 23,349,000 15,392,000
Cash, cash equivalents and restricted cash at the end of the year 12,874,000 23,349,000
Supplemental information:    
Income taxes paid 74,000 1,975,000
Interests paid $ 7,708,000 $ 7,663,000