Segment Information (Tables)

9 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Loss from Investments of Net Investment Loss, Dividend and Interest Income

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, 2020	Operations			Operations			Transactions			Corporate			Total
Revenues	$	11,259,000		$	79,000		$	-		$	-		$	11,338,000
Segment operating expenses		(10,060,000	)		(53,000	)		-			(440,000	)		(10,553,000	)
Segment income (loss)		1,199,000			26,000			-			(440,000	)		785,000
Interest expense - mortgage and related party		(1,793,000	)		(28,000	)		-			-			(1,821,000	)
Depreciation and amortization expense		(571,000	)		(27,000	)		-			-			(598,000	)
Loss from investments		-			-			(542,000	)		-			(542,000	)
Income tax benefit		-			-			-			582,000			582,000
Net income (loss)	$	(1,165,000	)	$	(29,000	)	$	(542,000	)	$	142,000		$	(1,594,000	)
Total assets	$	54,284,000		$	4,786,000		$	756,000		$	7,534,000		$	67,360,000

For the three months	Hotel			Real Estate			Investment
ended March 31, 2019	Operations			Operations			Transactions		Corporate			Total
Revenues	$	15,469,000		$	81,000		$	-	$	-		$	15,550,000
Segment operating expenses		(11,378,000	)		(52,000	)		-		(364,000	)		(11,794,000	)
Segment income (loss)		4,091,000			29,000			-		(364,000	)		3,756,000
Interest expense - mortgage and related party		(1,941,000	)		(26,000	)		-		-			(1,967,000	)
Loss on disposal of assets		(398,000	)		-			-		-			(398,000	)
Depreciation and amortization expense		(585,000	)		(28,000	)		-		-			(613,000	)
Gain from investments		-			-			248,000		-			248,000
Income tax expense		-			-			-		(280,000	)		(280,000	)
Net income (loss)	$	1,167,000		$	(25,000	)	$	248,000	$	(644,000	)	$	746,000

As of and for the nine months	Hotel			Real Estate			Investment
ended March 31, 2020	Operations			Operations			Transactions			Corporate			Total
Revenues	$	41,589,000		$	237,000		$	-		$	-		$	41,826,000
Segment operating expenses		(33,138,000	)		(135,000	)		-			(1,050,000	)		(34,323,000	)
Segment income (loss)		8,451,000			102,000			-			(1,050,000	)		7,503,000
Interest expense - mortgage and related party		(5,541,000	)		(72,000	)		-			-			(5,613,000	)
Depreciation and amortization expense		(1,725,000	)		(82,000	)		-			-			(1,807,000	)
Loss from investments		-			-			(943,000	)		-			(943,000	)
Income tax benefit		-			-			-			244,000			244,000
Net income (loss)	$	1,185,000		$	(52,000	)	$	(943,000	)	$	(806,000	)	$	(616,000	)
Total assets	$	54,284,000		$	4,786,000		$	756,000		$	7,534,000		$	67,360,000

As of and for the nine months	Hotel			Real Estate			Investment
ended March 31, 2019	Operations			Operations			Transactions			Corporate			Total
Revenues	$	45,276,000		$	242,000		$	-		$	-		$	45,518,000
Segment operating expenses		(33,424,000	)		(170,000	)		-			(843,000	)		(34,437,000	)
Segment income (loss)		11,852,000			72,000			-			(843,000	)		11,081,000
Interest expense - mortgage and related party		(5,733,000	)		(204,000	)		-			-			(5,937,000	)
Loss on disposal of assets		(398,000	)		-			-			-			(398,000	)
Depreciation and amortization expense		(1,820,000	)		(82,000	)		-			-			(1,902,000	)
Loss from investments		-			-			(632,000	)		-			(632,000	)
Income tax expense		-			-			-			(769,000	)		(769,000	)
Net income (loss)	$	3,901,000		$	(214,000	)	$	(632,000	)	$	(1,612,000	)	$	1,443,000