v3.22.2.2
RELATED PARTY AND OTHER FINANCING TRANSACTIONS (Tables)
12 Months Ended
Jun. 30, 2022
Related Party And Other Financing Transactions  
SCHEDULE OF RELATED PARTY AND OTHER NOTES PAYABLE

The following summarizes the balances of related party and other notes payable as of June 30, 2022 and 2021, respectively.

 

As of June 30,  2022   2021 
Note payable - InterGroup  $14,200,000   $6,650,000 
Note payable - Hilton   2,375,000    2,692,000 
Note payable - Aimbridge   1,146,000    1,396,000 
SBA Loan - Justice   -    2,000,000 
Total related party and other notes payable  $17,721,000   $12,738,000 
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,    
     
2023  $567,000 
2024   14,767,000 
2025   567,000 
2026   567,000 
2027   462,000 
Thereafter   791,000 
Long term debt  $17,721,000