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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net (loss) income $ (578,000) $ 1,768,000
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net unrealized loss (gain) on marketable securities 792,000 (245,000)
Unrealized loss on other investments 36,000 0
Depreciation and amortization 681,000 640,000
Changes in assets and liabilities:    
Investment in marketable securities 143,000 (504,000)
Accounts receivable (383,000) (172,000)
Other assets 347,000 418,000
Accounts payable and other liabilities (3,365,000) (1,401,000)
Due to securities broker (998,000) (79,000)
Obligations for securities sold 1,075,000 729,000
Deferred tax asset (182,000) 471,000
Net cash (used in) provided by operating activities (2,432,000) 1,625,000
Cash flows from investing activities:    
Payments for hotel and real estate investments (1,313,000) (520,000)
Net cash used in investing activities (1,313,000) (520,000)
Cash flows from financing activities:    
Restriced cash - mortgage impounds 98,000 0
Proceeds from other notes payable 4,469,000 0
Payments on other notes payable (109,000) (228,000)
Payments on mortgage notes payable (15,000) (250,000)
Net cash provided by (used in) financing activities 4,443,000 (478,000)
Net increase in cash and cash equivalents: 698,000 627,000
Cash and cash equivalents at the beginning of the period 1,139,000 688,000
Cash and cash equivalents at the end of the period 1,837,000 1,315,000
Supplemental information:    
Interest paid $ 2,083,000 $ 711,000