CASH, CASH EQUIVALENTS AND RESTRICTED CASH

6 Months Ended

Dec. 31, 2018

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

NOTE 8 – CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statement of cash flows.

As of	12/31/2018		6/30/2018
Cash and cash equivalents	$	8,256,000	$	7,647,000
Restricted cash		8,140,000		7,119,000
Total cash, cash equivalents, and restricted cash shown in the  condensed consolidated statement of cash flows	$	16,396,000	$	14,766,000

Restricted cash is comprised of amounts held by lenders for payment of real estate taxes, insurance, replacement and capital addition reserves for the Hotel. It also includes key money received from Interstate that is restricted for capital improvements.