SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION BY SEGMENT

Information below represents reporting segments for the three months ended September 30, 2024 and 2023, respectively. Segment loss from Hotel operations consists of the operation of the Hotel and operation of the garage. Loss from investments consists of net investment gain (loss), dividend and interest income and investment related expenses.

For the three months	Hotel			Investment
ended September 30, 2024	Operations			Transactions		Corporate			Total
Revenues	$	11,820,000		$	-	$	-		$	11,820,000
Segment operating expenses		(8,792,000	)		-		(355,000	)		(9,147,000	)
Segment income (loss)		3,028,000			-		(355,000	)		2,673,000
Interest expense - mortgage		(2,824,000	)		-		-			(2,824,000	)
Interest expense - related party		(824,000	)		-		-			(824,000	)
Depreciation and amortization expense		(903,000	)		-		-			(903,000	)
Income from investments		-			7,000		-			7,000
Income tax expense		-			-		(1,000	)		(1,000	)
Net (loss) income	$	(1,523,000	)	$	7,000	$	(356,000	)	$	(1,872,000	)
Total assets	$	42,244,000		$	207,000	$	387,000		$	42,838,000

As of and for the three months	Hotel			Investment
ended September 30, 2023	Operations			Transactions			Corporate			Total
Revenues	$	11,093,000		$	-		$	-		$	11,093,000
Segment operating expenses		(9,281,000	)		-			(319,000	)		(9,600,000	)
Segment income (loss)		1,812,000			-			(319,000	)		1,493,000
Interest expense - mortgage		(1,606,000	)		-			-			(1,606,000	)
Interest expense - related party		(502,000	)		-			-			(502,000	)
Depreciation and amortization expense		(821,000	)		-			-			(821,000	)
Loss from investments		-			(123,000	)		-			(123,000	)
Income tax expense		-			-			(1,000	)		(1,000	)
Net loss	$	(1,117,000	)	$	(123,000	)	$	(320,000	)	$	(1,560,000	)
Total assets	$	42,187,000		$	271,000		$	313,000		$	42,771,000