SEGMENT INFORMATION (Tables)

9 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

As of and for the three months ended March 31, 2024	Hotel Operations			Real Estate Operations			Investment Transactions			Corporate			Total
Revenues	$	10,758,000		$	4,125,000		$	-		$	-		$	14,883,000
Segment operating expenses		(9,239,000	)		(2,612,000	)		-			(716,000	)		(12,567,000	)
Segment (loss) income		1,519,000			1,513,000			-			(716,000	)		2,316,000
Interest expense - mortgage		(2,591,000	)		(643,000	)		-			-			(3,234,000	)
Depreciation and amortization expense		(886,000	)		(721,000	)		-			-			(1,607,000	)
Loss on extinguishment of debt											(453,000	)		(453,000	)
Loss from investments		-			-			(1,178,000	)		-			(1,178,000	)
Income tax benefit		-			-			-			295,000			295,000
Net (loss) income	$	(1,958,000	)	$	149,000		$	(1,178,000	)	$	(874,000	)	$	(3,861,000	)
Total assets	$	46,804,000		$	47,907,000		$	14,684,000		$	9,560,000		$	118,955,000

As of and for the three months ended March 31, 2023	Hotel Operations			Real Estate Operations			Investment Transactions		Corporate			Total
Revenues	$	10,430,000		$	3,932,000		$	-	$	-		$	14,362,000
Segment operating expenses		(8,413,000	)		(2,770,000	)		-		(836,000	)		(12,019,000	)
Segment (loss) income		2,017,000			1,162,000			-		(836,000	)		2,343,000
Interest expense - mortgage		(1,584,000	)		(517,000	)		-		-			(2,101,000	)
Depreciation and amortization expense		(693,000	)		(687,000	)		-		-			(1,380,000	)
Income from investments		-			-			465,000		-			465,000
Income tax benefit		-			-			-		59,000			59,000
Net (loss) income	$	(260,000	)	$	(42,000	)	$	465,000	$	(777,000	)	$	(614,000	)
Total assets	$	49,162,000		$	48,349,000		$	16,967,000	$	10,411,000		$	124,889,000

As of and for the nine months ended March 31, 2024	Hotel Operations			Real Estate Operations			Investment Transactions			Corporate			Total
Revenues	$	32,076,000		$	12,638,000		$	-		$	-		$	44,714,000
Segment operating expenses		(27,925,000	)		(7,774,000	)		-			(3,365,000	)		(39,064,000	)
Segment (loss) income		4,151,000			4,864,000			-			(3,365,000	)		5,650,000
Interest expense - mortgage		(5,796,000	)		(1,899,000	)		-			-			(7,695,000	)
Depreciation and amortization expense		(2,597,000	)		(2,094,000	)		-			-			(4,691,000	)
Loss on extinguishment of debt		-			-			-			(453,000	)		(453,000	)
Loss from investments		-			-			(636,000	)		-			(636,000	)
Income tax benefit		-			-			-			191,000			191,000
Net (loss) income	$	(4,242,000	)	$	871,000		$	(636,000	)	$	(3,627,000	)	$	(7,634,000	)
Total assets	$	46,804,000		$	47,907,000		$	14,684,000		$	9,560,000		$	118,955,000

As of and for the nine months ended March 31, 2023	Hotel Operations			Real Estate Operations			Investment Transactions		Corporate			Total
Revenues	$	32,632,000		$	11,991,000		$	-	$	-		$	44,623,000
Segment operating expenses		(26,445,000	)		(7,695,000	)		-		(2,448,000	)		(36,588,000	)
Segment income (loss)		6,187,000			4,296,000			-		(2,448,000	)		8,035,000
Interest expense - mortgage		(4,871,000	)		(1,612,000	)		-		-			(6,483,000	)
Depreciation and amortization expense		(1,955,000	)		(2,057,000	)		-		-			(4,012,000	)
Gain on insurance recovery		-			2,692,000			-		-			2,692,000
Income from investments		-			-			627,000		-			627,000
Income tax expense		-			-			-		(107,000	)		(107,000	)
Net (loss) income	$	(639,000	)	$	3,319,000		$	627,000	$	(2,555,000	)	$	752,000
Total assets	$	49,162,000		$	48,349,000		$	16,967,000	$	10,411,000		$	124,889,000