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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net (loss) income $ (7,634,000) $ 752,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,691,000 4,012,000
Amortization of loan costs 210,000 265,000
Amortization of other notes payable (425,000) (425,000)
Gain on insurance recovery (2,692,000)
Deferred taxes (294,000)
Net unrealized loss (gain) on marketable securities 1,210,000 (2,459,000)
Stock compensation expense 1,263,000
Changes in operating assets and liabilities:    
Investment in marketable securities 2,451,000 (3,459,000)
Accounts receivable (11,000)
Other assets, net (1,241,000) (738,000)
Accounts payable and other liabilities - Hotel 1,536,000 9,019,000
Accounts payable and other liabilities 65,000 (6,585,000)
Due to securities broker 1,343,000 (314,000)
Obligations for securities sold (1,393,000) 208,000
Net cash provided by (used in) operating activities 1,782,000 (2,427,000)
Cash flows from investing activities:    
Payments for hotel investments (2,649,000) (4,131,000)
Payments for real estate investments (1,944,000) (1,940,000)
Insurance proceeds for property damage claims 2,325,000
Payments for investment in Portsmouth (22,000) (175,000)
Net cash used in investing activities (4,615,000) (3,921,000)
Cash flows from financing activities:    
Payments of mortgage, financed leases and other notes payable (2,113,000) (2,312,000)
Proceeds from refinance of mortgage notes payable 4,489,000
Purchase of treasury stock (429,000) (1,432,000)
Payments of finance leases (158,000)
Net cash provided by (used in) financing activities 1,947,000 (3,902,000)
Net decrease in cash, cash equivalents and restricted cash (886,000) (10,250,000)
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 11,988,000 13,099,000
Supplemental information:    
Interest paid 4,750,000 5,862,000
Taxes paid $ 44,000