XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]        
Revenue - Hotel $ 9,892,000 $ 6,348,000 $ 22,202,000 $ 13,153,000
Costs and operating expenses        
Hotel operating expenses (8,726,000) (6,479,000) (18,032,000) (12,812,000)
Hotel depreciation and amortization expense (635,000) (514,000) (1,262,000) (1,043,000)
General and administrative expense (517,000) (282,000) (826,000) (610,000)
Total costs and operating expenses (9,878,000) (7,275,000) (20,120,000) (14,465,000)
Income (Loss) from operations 14,000 (927,000) 2,082,000 (1,312,000)
Other income (expense)        
Interest expense - mortgage (1,655,000) (1,654,000) (3,287,000) (3,315,000)
Interest expense - related party (429,000) (303,000) (859,000) (540,000)
Net gain on marketable securities 107,000 1,467,000 97,000 1,199,000
Net loss on marketable securities - Comstock (1,879,000) (2,056,000)
Gain on debt extinguishment 2,000,000 2,000,000
Impairment loss on other investments (20,000) (20,000)
Dividend and interest income 6,000 30,000 32,000 64,000
Trading and margin interest expense (81,000) (52,000) (115,000) (108,000)
Total other expense, net (2,052,000) (411,000) (4,132,000) (2,776,000)
Loss before income taxes (2,038,000) (1,338,000) (2,050,000) (4,088,000)
Income tax benefit 718,000 378,000 721,000 1,153,000
Net Loss $ (1,320,000) $ (960,000) $ (1,329,000) $ (2,935,000)
Basic and diluted net loss per share $ (1.80) $ (1.31) $ (1.81) $ (4.00)
Weighted average number of common shares outstanding-basic and diluted 734,187 734,187 734,187 734,187