ACCOUNTS PAYABLE AND OTHER LIABILITIES

6 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND OTHER LIABILITIES

NOTE 12 – ACCOUNTS PAYABLE AND OTHER LIABILITIES

The following summarizes the balances of accounts payable and other liabilities as of December 31, 2023 and June 30, 2023:

As of	December 31, 2023		June 30, 2023
Trade payable	$	3,351,000	$	3,240,000
Advance deposits		718,000		560,000
Property tax payable		58,000		617,000
Payroll and related accruals		3,157,000		2,918,000
Mortgage interest payable		775,000		214,000
Withholding and other taxes payable		1,202,000		1,204,000
Security deposit		915,000		925,000
Franchise fees		1,375,000		2,510,000
Management fees payable		2,189,000		1,683,000
Other		349,000		319,000
Total accounts payable and other liabilities	$	14,089,000	$	14,190,000