XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENDSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (1,180,000) $ (979,000)
Adjustments to reconcile net loss to net cash privided by (used in) operating activities:    
Net unrealized loss on marketable securities 1,749,000 1,089,000
Unrealized loss (gain) on other investments 41,000 (4,000)
Impairment loss on other investments 82,000 0
Loss on disposal of assets 30,000 51,000
Depreciation and amortization 1,422,000 1,306,000
Changes in assets and liabilities:    
Investment in marketable securities (50,000) 132,000
Accounts receivable 5,662,000 596,000
Other assets (328,000) (367,000)
Accounts payable and other liabilities (1,143,000) (3,368,000)
Due to securities broker 0 (280,000)
Obligations for securities sold 0 95,000
Deferred tax asset (782,000) (729,000)
Net cash provided by (used in) operating activities 5,503,000 (2,458,000)
Cash flows from investing activities:    
Payments for hotel furniture, equipment and building improvements (2,899,000) (2,916,000)
Net cash provided used in investing activities (2,899,000) (2,916,000)
Cash flows from financing activities:    
Restricted cash - (payments to) withdrawal of mortgage impounds, net (98,000) 116,000
Net (payments) proceeds from mortgage and other notes payable (262,000) 4,676,000
Net cash (used in) provided by financing activities (360,000) 4,792,000
Net increase (decrease) in cash and cash equivalents 2,244,000 (582,000)
Cash and cash equivalents at the beginning of the period 1,077,000 1,058,000
Cash and cash equivalents at the end of the period 3,321,000 476,000
Supplemental information:    
Interest paid 3,882,000 3,985,000
Non-cash transaction:    
Conversion of other investments to marketable securities $ 4,410,000 $ 0