SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information below represents reporting segments for the three months ended September 30, 2017 and 2016, respectively. Segment income from Hotel operations consists of the operation of the Hotel and operation of the garage. Segment income from real estate operations consists of the operation of the rental properties. Segment (loss) gain from investments consists of net investment gain (loss), dividend and interest income and investment related expenses.

As of and for the three months	Hotel		Real Estate		Investment
ended September 30, 2017	Operations		Operations		Transactions		Other		Total
Revenues	$	14,437,000	$	85,000	$	-	$	-	$	14,522,000
Segment operating expenses		(10,589,000)		(48,000)		-		(326,000)		(10,963,000)
Segment income (loss)		3,848,000		37,000		-		(326,000)		3,559,000
Interest expense - mortgage		(1,987,000)		(22,000)		-		-		(2,009,000)
Depreciation and amortization expense		(673,000)		(25,000)		-		-		(698,000)
Loss from investments		-		-		(505,000)		-		(505,000)
Income tax expense		-		-		-		(262,000)		(262,000)
Net income (loss)	$	1,188,000	$	(10,000)	$	(505,000)	$	(588,000)	$	85,000
Total assets	$	47,021,000	$	4,989,000	$	5,748,000	$	12,695,000	$	70,453,000

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