INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 30, 2023

Investment In Hotel Net

SCHEDULE OF INVESTMENT IN HOTEL. NET

Investment in Hotel consisted of the following as of:

			Accumulated			Net Book
September 30, 2023	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(1,318,000	)		487,000
Furniture and equipment		39,481,000		(30,087,000	)		9,394,000
Building and improvements		64,665,000		(37,057,000	)		27,608,000
Investment in Hotel, net	$	108,689,000	$	(68,462,000	)	$	40,227,000
				Accumulated			Net Book
June 30, 2023		Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(1,239,000	)		566,000
Furniture and equipment		38,727,000		(29,682,000	)		9,045,000
Building and improvements		64,665,000		(36,696,000	)		27,969,000
Investment in Hotel, net	$	107,935,000	$	(67,617,000	)	$	40,318,000