SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

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

Information below represents reporting segments for the three and six months ended December 31, 2018 and 2017, respectively. Segment income from Hotel operations consists of the operation of the Hotel and operation of the garage. Segment income (loss) 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 December 31, 2018	Operations			Operations			Transactions			Corporate			Total
Revenues	$	13,997,000		$	84,000		$	-		$	-		$	14,081,000
Segment operating expenses		(11,236,000	)		(61,000	)		-			(223,000	)		(11,520,000	)
Segment income (loss)		2,761,000			23,000			-			(223,000	)		2,561,000
Interest expense - mortgage		(1,887,000	)		(25,000	)		-			-			(1,912,000	)
Depreciation and amortization expense		(618,000	)		(27,000	)		-			-			(645,000	)
Loss from investments		-			-			(515,000	)		-			(515,000	)
Income tax benefit		-			-			-			141,000			141,000
Net income (loss)	$	256,000		$	(29,000	)	$	(515,000	)	$	(82,000	)	$	(370,000	)
Total assets	$	54,829,000		$	4,914,000		$	2,227,000		$	5,609,000		$	67,579,000

For the three months	Hotel			Real Estate			Investment
ended December 31, 2017	Operations			Operations			Transactions			Corporate			Total
Revenues	$	13,187,000		$	86,000		$	-		$	-		$	13,273,000
Segment operating expenses		(10,743,000	)		(45,000	)		-			(303,000	)		(11,091,000	)
Segment income (loss)		2,444,000			41,000			-			(303,000	)		2,182,000
Interest expense - mortgage		(1,980,000	)		(23,000	)		-			-			(2,003,000	)
Depreciation and amortization expense		(658,000	)		(26,000	)		-			-			(684,000	)
Loss from investments		-			-			(1,045,000	)		-			(1,045,000	)
Income tax expense		-			-			-			(2,902,000	)		(2,902,000	)
Net loss	$	(194,000	)	$	(8,000	)	$	(1,045,000	)	$	(3,205,000	)	$	(4,452,000	)

As of and for the six months	Hotel			Real Estate			Investment
ended December 31, 2018	Operations			Operations			Transactions			Corporate			Total
Revenues	$	29,807,000		$	161,000		$	-		$	-		$	29,968,000
Segment operating expenses		(22,046,000	)		(118,000	)		-			(479,000	)		(22,643,000	)
Segment income (loss)		7,761,000			43,000			-			(479,000	)		7,325,000
Interest expense - mortgage		(3,792,000	)		(178,000	)		-			-			(3,970,000	)
Depreciation and amortization expense		(1,235,000	)		(54,000	)		-			-			(1,289,000	)
Loss from investments		-			-			(880,000	)		-			(880,000	)
Income tax expense		-			-			-			(489,000	)		(489,000	)
Net income (loss)	$	2,734,000		$	(189,000	)	$	(880,000	)	$	(968,000	)	$	697,000
Total assets	$	54,829,000		$	4,914,000		$	2,227,000		$	5,609,000		$	67,579,000

For the six months	Hotel			Real Estate			Investment
ended December 31, 2017	Operations			Operations			Transactions			Corporate			Total
Revenues	$	27,624,000		$	171,000		$	-		$	-		$	27,795,000
Segment operating expenses		(21,332,000	)		(93,000	)		-			(629,000	)		(22,054,000	)
Segment income (loss)		6,292,000			78,000			-			(629,000	)		5,741,000
Interest expense - mortgage		(3,967,000	)		(45,000	)		-			-			(4,012,000	)
Depreciation and amortization expense		(1,331,000	)		(51,000	)		-			-			(1,382,000	)
Loss from investments		-			-			(1,550,000	)		-			(1,550,000	)
Income tax expense		-			-			-			(3,164,000	)		(3,164,000	)
Net income (loss)	$	994,000		$	(18,000	)	$	(1,550,000	)	$	(3,793,000	)	$	(4,367,000	)