Related Party and Other Financing Transactions (Tables)

6 Months Ended

Dec. 31, 2020

Related Party Transactions [Abstract]

Schedule of Related Party and Other Notes Payable

The following summarizes the balances of related party and other notes payable as of December 31, 2020 and June 30, 2020, respectively.

As of	December 31, 2020		June 30, 2020
Note payable - InterGroup	$	3,700,000	$	3,000,000
Note payable - Hilton		2,850,000		3,008,000
Note payable - Interstate		1,521,000		1,646,000
SBA Loan - Justice		4,719,000		4,719,000
Total related party and other notes payable	$	12,790,000	$	12,373,000

Schedule of Minimum Future Lease Payments

As of December 31, 2020, the Company had finance lease obligations outstanding of $901,000. These finance leases expire in various years through 2023 at rates ranging from 4.62% to 6.25% per annum. Minimum future lease payments for assets under finance leases as of December 31, 2020 are as follows:

For the year ending June 30,
2021	$	262,000
2022		508,000
2023		188,000
Total minimum lease payments		958,000
Less interest on finance lease		(57,000	)
Present value of future minimum lease payments	$	901,000

Schedule of Future Minimum Principal Payments

Future minimum principal payments for all related party and other financing transactions are as follows:

For the year ending June 30,
2021	$	520,000
2022		9,467,000
2023		750,000
2024		567,000
2025		567,000
Thereafter		1,819,000
	$	13,690,000