OTHER ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets [Table Text Block]

Other assets consist of the following as of June 30:

	2016		2015
Inventory - Hotel	$	248,000	$	256,000
Prepaid expenses		690,000		781,000
Occupancy tax deposit - Hotel		-		1,061,000
Note receivable - related party		614,000		624,000
Miscellaneous assets, net		1,433,000		1,644,000
Total other assets	$	2,985,000	$	4,366,000