SEGMENT INFORMATION (Tables)

9 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

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

Information below represents reporting segments for the three and nine months ended March 31, 2018 and 2017, 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 March 31, 2018	Operations		Operations		Transactions		Corporate		Total
Revenues	$	14,344,000	$	86,000	$	-	$	-	$	14,430,000
Segment operating expenses		(10,573,000)		(55,000)		-		(448,000)		(11,076,000)
Segment income (loss)		3,771,000		31,000		-		(448,000)		3,354,000
Interest expense - mortgage		(1,918,000)		(21,000)		-		-		(1,939,000)
Depreciation and amortization expense		(643,000)		(27,000)		-		-		(670,000)
Loss from investments		-		-		(283,000)		-		(283,000)
Income tax benefit		-		-		-		101,000		101,000
Net income (loss)	$	1,210,000	$	(17,000)	$	(283,000)	$	(347,000)	$	563,000
Total assets	$	46,755,000	$	4,981,000	$	3,269,000	$	9,011,000	$	64,016,000

As of and for the three months	Hotel		Real Estate		Investment
ended March 31, 2017	Operations		Operations		Transactions		Corporate		Total
Revenues	$	13,495,000	$	85,000	$	-	$	-	$	13,580,000
Segment operating expenses		(10,333,000)		(43,000)		-		(236,000)		(10,612,000)
Segment income (loss)		3,162,000		42,000		-		(236,000)		2,968,000
Interest expense - mortgage		(2,005,000)		(22,000)		-		-		(2,027,000)
Depreciation and amortization expense		(664,000)		(26,000)		-		-		(690,000)
Loss from investments		-		-		(486,000)		-		(486,000)
Income tax expense		-		-		-		(18,000)		(18,000)
Net income (loss)	$	493,000	$	(6,000)	$	(486,000)	$	(254,000)	$	(253,000)
Total assets	$	48,728,000	$	5,033,000	$	6,749,000	$	13,925,000	$	74,435,000

As of and for the nine months	Hotel		Real Estate		Investment
ended March 31, 2018	Operations		Operations		Transactions		Corporate		Total
Revenues	$	41,968,000	$	257,000	$	-	$	-	$	42,225,000
Segment operating expenses		(31,905,000)		(148,000)		-		(1,077,000)		(33,130,000)
Segment income (loss)		10,063,000		109,000		-		(1,077,000)		9,095,000
Interest expense - mortgage		(5,885,000)		(66,000)		-		-		(5,951,000)
Depreciation and amortization expense		(1,974,000)		(78,000)		-		-		(2,052,000)
Loss from investments		-		-		(1,833,000)		-		(1,833,000)
Income tax expense		-		-		-		(3,063,000)		(3,063,000)
Net income (loss)	$	2,204,000	$	(35,000)	$	(1,833,000)	$	(4,140,000)	$	(3,804,000)
Total assets	$	46,755,000	$	4,981,000	$	3,269,000	$	9,011,000	$	64,016,000

As of and for the nine months	Hotel		Real Estate		Investment
ended March 31, 2017	Operations		Operations		Transactions		Corporate		Total
Revenues	$	40,937,000	$	262,000	$	-	$	-	$	41,199,000
Segment operating expenses		(30,515,000)		(135,000)		-		(719,000)		(31,369,000)
Segment income (loss)		10,422,000		127,000		-		(719,000)		9,830,000
Interest expense - mortgage		(5,902,000)		(68,000)		-		-		(5,970,000)
Depreciation and amortization expense		(2,137,000)		(76,000)		-		-		(2,213,000)
Loss from investments		-		-		(1,732,000)		-		(1,732,000)
Income tax expense		-		-		-		(346,000)		(346,000)
Net income (loss)	$	2,383,000	$	(17,000)	$	(1,732,000)	$	(1,065,000)	$	(431,000)
Total assets	$	48,728,000	$	5,033,000	$	6,749,000	$	13,925,000	$	74,435,000