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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 1,088,000 $ 596,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net unrealized gain on marketable securities (305,000) (201,000)
Unrealized loss on other investments 0 37,000
Impairment loss on other investments 10,000 0
Loss on disposal of assets 0 30,000
Depreciation and amortization 712,000 756,000
Changes in assets and liabilities:    
Investment in marketable securities (1,077,000) 218,000
Accounts receivable 206,000 4,562,000
Other assets 436,000 250,000
Accounts payable and other liabilities (3,063,000) (2,134,000)
Due to securities broker 534,000 0
Obligations for securities sold 421,000 0
Deferred tax asset 705,000 443,000
Net cash (used in) provided by operating activities (333,000) 4,557,000
Cash flows from investing activities:    
Payments for hotel and real estate investments (336,000) (1,351,000)
Net cash used in investing activities (336,000) (1,351,000)
Cash flows from financing activities:    
Restricted cash - payments to mortgage impounds, net (788,000) (264,000)
Net payments of related party and other notes payable (536,000) (140,000)
Net cash used in financing activities (1,324,000) (404,000)
Net (decrease) increase in cash and cash equivalents: (1,993,000) 2,802,000
Cash and cash equivalents at the beginning of the period 3,397,000 1,146,000
Cash and cash equivalents at the end of the period 1,404,000 3,948,000
Supplemental information:    
Interest paid 2,038,000 1,976,000
Non-cash transaction:    
Conversion of other investments to marketable securities $ 0 $ 6,659,000