SEGMENT INFORMATION

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 9 - SEGMENT INFORMATION

The Company operates in two reportable segments, the operation of the hotel (“Hotel Operations”) and the investment of its cash in marketable securities and other investments (“Investment Transactions”). These two operating segments, as presented in the consolidated financial statements, reflect how management internally reviews each segment’s performance. Management also makes operational and strategic decisions based on this same information.

Information below represents reporting segments for the three and six months ended December 31, 2018 and 2017, respectively. Operating income (loss) from Hotel operations consists of the operation of the hotel and operation of the garage. Income (loss) from investment transactions consist of net investment gain (loss), impairment loss on other investments, net unrealized gain (loss) on other investments, dividend and interest income and trading and margin interest expense. The other segment consists of corporate general and administrative expenses and the income tax expense for the entire Company.

As of and for the three months ended December 31, 2018	Hotel Operations			Investment T ransactions			Corporate			T otal
Revenues	$	13,997,000		$	-		$	-		$	13,997,000
Segment operating expenses		(11,236,000	)		-			(158,000	)		(11,394,000	)
Segment income (loss)		2,761,000			-			(158,000	)		2,603,000
Interest expense - mortgage		(1,887,000	)		-			-			(1,887,000	)
Depreciation and amortization expense		(594,000	)		-			-			(594,000	)
Loss from investments		-			(302,000	)		-			(302,000	)
Income tax benefit		-			-			141,000			141,000
Net income (loss)	$	280,000		$	(302,000	)	$	(17,000	)	$	(39,000	)
T otal assets	$	51,796,000		$	1,292,000		$	5,767,000		$	58,855,000

For the three months ended December 31, 2017	Hotel  Operations			Investment T ransactions			Corporate			Total
Revenues	$	13,187,000		$	-		$	-		$	13,187,000
Segment operating expenses		(10,743,000	)		-			(164,000	)		(10,907,000	)
Segment income (loss)		2,444,000			-			(164,000	)		2,280,000
Interest expense - mortgage		(1,980,000	)		-			-			(1,980,000	)
Depreciation and amortization expense		(634,000	)		-			-			(634,000	)
Loss from investments		-			(710,000	)		-			(710,000	)
Income tax expense		-			-			(2,902,000	)		(2,902,000	)
Net loss	$	(170,000	)	$	(710,000	)	$	(3,066,000	)	$	(3,946,000	)

As of and for the six months ended December 31, 2018	Hotel Operations			Investment Transactions			Corporate			Total
Revenues	$	29,807,000		$	-		$	-		$	29,807,000
Segment operating expenses		(22,046,000	)		-			(322,000	)		(22,368,000	)
Segment income (loss)		7,761,000			-			(322,000	)		7,439,000
Interest expense - mortgage		(3,792,000	)		-			-			(3,792,000	)
Depreciation and amortization expense		(1,187,000	)		-			-			(1,187,000	)
Loss from investments		-			(528,000	)		-			(528,000	)
Income tax expense		-			-			(489,000	)		(489,000	)
Net income (loss)	$	2,782,000		$	(528,000	)	$	(811,000	)	$	1,443,000
T otal assets	$	51,796,000		$	1,292,000		$	5,767,000		$	58,855,000

For the six months ended December 31, 2017	Hotel Operations			Investment Transactions			Corporate			Total
Revenues	$	27,624,000		$	-		$	-		$	27,624,000
Segment operating expenses		(21,332,000	)		-			(362,000	)		(21,694,000	)
Segment income (loss)		6,292,000			-			(362,000	)		5,930,000
Interest expense - mortgage		(3,967,000	)		-			-			(3,967,000	)
Depreciation and amortization expense		(1,283,000	)		-			-			(1,283,000	)
Loss from investments		-			(1,055,000	)		-			(1,055,000	)
Income tax expense		-			-			(3,164,000	)		(3,164,000	)
Net income (loss)	$	1,042,000		$	(1,055,000	)	$	(3,526,000	)	$	(3,539,000	)