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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (6,322,000) $ (2,757,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Net unrealized loss on marketable securities 2,987,000 1,975,000
Unrealized loss on other investments 63,000 64,000
Impairment loss on other investments 312,000 248,000
Loss on disposal of assets 30,000 51,000
Depreciation and amortization 2,288,000 2,120,000
Changes in assets and liabilities:    
Investment in marketable securities (258,000) 195,000
Accounts receivable 3,882,000 301,000
Other assets 1,093,000 (182,000)
Accounts payable and other liabilities 1,242,000 (1,234,000)
Due to securities broker 43,000 (126,000)
Obligations for securities sold 37,000 (102,000)
Deferred tax asset (2,752,000) (1,232,000)
Net cash provided by (used in) operating activities 2,645,000 (679,000)
Cash flows from investing activities:    
Payments for hotel and real estate investments (3,627,000) (4,081,000)
Payments for other investments 0 (50,000)
Net cash used in investing activities (3,627,000) (4,131,000)
Cash flows from financing activities:    
Restricted cash - withdrawal of mortgage impounds, net 182,000 340,000
Net increase in mortgage and other notes payable, net 5,007,000 4,462,000
Redemption payment to noncontrolling interest (50,000) 0
Net cash provided by financing activities 5,139,000 4,802,000
Net increase (decrease) in cash and cash equivalents: 4,157,000 (8,000)
Cash and cash equivalents at the beginning of the period 1,146,000 1,139,000
Cash and cash equivalents at the end of the period 5,303,000 1,131,000
Supplemental information:    
Interest paid 5,906,000 6,032,000
Non-cash transaction:    
Conversion of other investments to marketable securities $ 6,659,000 $ 0