SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

As of and for the three months	Hotel			Real Estate			Investment
ended December 31, 2023	Operations			Operations			Transactions		Corporate			Total
Revenues	$	10,225,000		$	4,096,000		$	-	$	-		$	14,321,000
Segment operating expenses		(9,405,000	)		(2,806,000	)		-		(1,894,000	)		(14,105,000	)
Segment (loss) income		820,000			1,290,000			-		(1,894,000	)		216,000
Interest expense - mortgage		(1,599,000	)		(611,000	)		-		-			(2,210,000	)
Depreciation and amortization expense		(866,000	)		(696,000	)		-		-			(1,562,000	)
Gain from investments		-			-			1,523,000		-			1,523,000
Income tax expense		-			-			-		(118,000	)		(118,000	)
Net (loss) income	$	(1,645,000	)	$	(17,000	)	$	1,523,000	$	(2,012,000	)	$	(2,151,000	)
Total assets	$	46,096,000		$	48,184,000		$	19,363,000	$	10,543,000		$	124,186,000

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 six months	Hotel			Real Estate			Investment
ended December 31, 2023	Operations			Operations			Transactions		Corporate			Total
Revenues	$	21,318,000		$	8,513,000		$	-	$	-		$	29,831,000
Segment operating expenses		(18,686,000	)		(5,162,000	)		-		(2,649,000	)		(26,497,000	)
Segment (loss) income		2,632,000			3,351,000			-		(2,649,000	)		3,334,000
Interest expense - mortgage		(3,205,000	)		(1,256,000	)		-		-			(4,461,000	)
Depreciation and amortization expense		(1,711,000	)		(1,373,000	)		-		-			(3,084,000	)
Gain from investments		-			-			542,000		-			542,000
Income tax expense		-			-			-		(104,000	)		(104,000	)
Net (loss) income	$	(2,284,000	)	$	722,000		$	542,000	$	(2,753,000	)	$	(3,773,000	)
Total assets	$	46,096,000		$	48,184,000		$	19,363,000	$	10,543,000		$	124,186,000

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 income (loss)		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