SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION, BY SEGMENT

As of and for the three months	Hotel			Investment
ended December 31, 2023	Operations			Transactions		Corporate			Total
Revenues	$	10,225,000		$	-	$	-		$	10,225,000
Segment operating expenses		(9,405,000	)		-		(434,000	)		(9,839,000	)
Segment income (loss)		820,000			-		(434,000	)		386,000
Interest expense - mortgage		(1,599,000	)		-		-			(1,599,000	)
Interest expense - related party		(525,000	)		-		-			(525,000	)
Depreciation and amortization expense		(841,000	)		-		-			(841,000	)
Income from investments		-			13,000		-			13,000
Income tax benefit		-			-		-			-
Net (loss) income	$	(2,145,000	)	$	13,000	$	(434,000	)	$	(2,566,000	)
Total assets	$	40,209,000		$	325,000	$	323,000		$	40,857,000

As of and for the three months		Hotel			Investment
ended December 31, 2022		Operations			Transactions		Corporate			Total
Revenues	$	9,892,000		$	-	$	-		$	9,892,000
Segment operating expenses		(8,726,000	)		-		(517,000	)		(9,243,000	)
Segment income (loss)		1,166,000			-		(517,000	)		649,000
Interest expense - mortgage		(1,655,000	)		-		-			(1,655,000	)
Interest expense - related party		(429,000	)							(429,000	)
Depreciation and amortization expense		(635,000	)		-		-			(635,000	)
Income from investments					32,000		-			32,000
Income tax benefit		-			-		718,000			718,000
Net (loss) income	$	(1,553,000	)	$	32,000	$	201,000		$	(1,320,000	)
Total assets	$	39,673,000		$	302,000	$	9,030,000		$	49,005,000

As of and for the six months	Hotel			Investment
ended December 31, 2023	Operations			Transactions			Corporate			Total
Revenues	$	21,318,000		$	-		$	-		$	21,318,000
Segment operating expenses		(18,686,000	)		-			(753,000	)		(19,439,000	)
Segment income (loss)		2,632,000			-			(753,000	)		1,879,000
Interest expense - mortgage		(3,205,000	)		-			-			(3,205,000	)
Interest expense - related party		(1,027,000	)		-			-			(1,027,000	)
Depreciation and amortization expense		(1,662,000	)		-			-			(1,662,000	)
Loss from investments		-			(110,000	)		-			(110,000	)
Income tax expense		-			-			(1,000	)		(1,000	)
Net loss	$	(3,262,000	)	$	(110,000	)	$	(754,000	)	$	(4,126,000	)
Total assets	$	40,209,000		$	325,000		$	323,000		$	40,857,000

As of and for the six months	Hotel			Investment
ended December 31, 2022	Operations			Transactions		Corporate			Total
Revenues	$	22,202,000		$	-	$	-		$	22,202,000
Segment operating expenses		(18,032,000	)		-		(826,000	)		(18,858,000	)
Segment income (loss)		4,170,000			-		(826,000	)		3,344,000
Interest expense - mortgage		(3,287,000	)		-		-			(3,287,000	)
Interest expense - related party		(859,000	)		-		-			(859,000	)
Depreciation and amortization expense		(1,262,000	)		-		-			(1,262,000	)
Income from investments		-			14,000		-			14,000
Income tax benefit		-			-		721,000			721,000
Net (loss) income	$	(1,238,000	)	$	14,000	$	(105,000	)	$	(1,329,000	)
Total assets	$	39,673,000		$	302,000	$	9,030,000		$	49,005,000