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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net (loss) income $ (3,773,000) $ 1,366,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 3,084,000 2,631,000
Amortization of loan costs 181,000 177,000
Amortization of other notes payable (283,000) (283,000)
Gain on insurance recovery (2,692,000)
Deferred taxes (294,000)
Net unrealized loss (gain) on marketable securities 390,000 (2,096,000)
Changes in operating assets and liabilities:    
Investment in marketable securities (1,408,000) (8,944,000)
Other assets, net (1,043,000) (785,000)
Accounts payable and other liabilities - Hotel 269,000 2,422,000
Accounts payable and other liabilities (370,000) 71,000
Due to securities broker 1,576,000 5,950,000
Obligations for securities sold 416,000 (326,000)
Net cash used in operating activities (80,000) (2,509,000)
Cash flows from investing activities:    
Payments for hotel investments (1,918,000) (2,682,000)
Payments for real estate investments (1,500,000) (1,820,000)
Insurance proceeds for property damage claims 2,692,000
Payments for investment in Portsmouth (22,000) (166,000)
Net cash used in investing activities (3,440,000) (1,976,000)
Cash flows from financing activities:    
Payments of mortgage, financed leases and other notes payable (1,355,000) (1,716,000)
Proceeds from refinance of mortgage notes payable 4,489,000
Purchase of treasury stock (181,000) (1,242,000)
Net cash provided by (used in) financing activities 2,953,000 (2,958,000)
Net decrease in cash, cash equivalents and restricted cash (567,000) (7,443,000)
Cash, cash equivalents and restricted cash at the beginning of the period 12,874,000 23,349,000
Cash, cash equivalents and restricted cash at the end of the period 12,307,000 15,906,000
Supplemental information:    
Interest paid 3,877,000 3,528,000
Taxes paid $ 30,000