SEGMENT INFORMATION

3 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 7 – SEGMENT INFORMATION

The Company operates in four reportable segments, the operation of the hotel (“Hotel Operations”), its multi-family residential properties (“Real Estate Operations) and the investment of its cash in marketable securities and other investments (“Investment Transactions”). These three operating segments, as presented in the financial statements, reflect how management internally reviews each segment’s performance. Management also makes operational and strategic decisions based on this same information. Information below represents reporting segments for the three months ended September 30, 2016 and 2015, respectively. Operating income for rental properties consist of rental income. Operating income from hotel operations consists of the operation of the hotel and operation of the garage. Income (loss) from investment transactions consist of net investment gain (loss), impairment loss on other investments, net unrealized gain (loss) on other investments, dividend and interest income and trading and margin interest expense. The other segment consists of corporate general and administrative expenses and the income tax expense for the entire Company.

As of and for the three months	Hotel		Real Estate		Investment
ended September 30, 2016	Operations		Operations		Transactions		Other		Total
Revenues	$	14,605,000	$	90,000	$	-	$	-	$	14,695,000
Segment operating expenses		(10,256,000)		(48,000)		-		(245,000)		(10,549,000)
Segment income (loss)		4,349,000		42,000		-		(245,000)		4,146,000
Interest expense - mortgage		(1,988,000)		(23,000)		-		-		(2,011,000)
Depreciation and amortization expense		(688,000)		(24,000)		-		-		(712,000)
Income from investments		-		-		370,000		-		370,000
Income tax expense		-		-		-		(705,000)		(705,000)
Net income (loss)	$	1,673,000	$	(5,000)	$	370,000	$	(950,000)	$	1,088,000
Total assets	$	47,207,000	$	5,091,000	$	8,351,000	$	11,685,000	$	72,334,000

As of and for the three months	Hotel		Real Estate		Investment
ended September 30, 2015	Operations		Operations		Transactions		Other		Total
Revenues	$	15,138,000	$	123,000	$	-	$	-	$	15,261,000
Segment operating expenses		(11,193,000)		(64,000)		-		(298,000)		(11,555,000)
Segment income (loss)		3,945,000		59,000		-		(298,000)		3,706,000
Loss on disposal of assets		(30,000)		-		-		-		(30,000)
Interest expense - mortgage		(1,941,000)		(24,000)		-		-		(1,965,000)
Depreciation and amortization expense		(737,000)		(19,000)		-		-		(756,000)
Income from investments		-		-		84,000		-		84,000
Income tax expense		-		-		-		(443,000)		(443,000)
Net income (loss)	$	1,237,000	$	16,000	$	84,000	$	(741,000)	$	596,000
Total assets	$	48,321,000	$	5,015,000	$	9,612,000	$	11,260,000	$	74,208,000