v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (6,565,000) $ (5,286,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net unrealized gain on marketable securities (1,348,000) (1,939,000)
Gain on disposal of assets (12,000)
Gain on forgiveness of debt (2,000,000) (4,719,000)
Deferred income taxes 144,000 (2,081,000)
Impairment loss on other investments 20,000 38,000
Depreciation and amortization 2,209,000 2,079,000
Amortization of loan cost 295,000 335,000
Amortization of related party notes payable (567,000) (567,000)
Changes in operating assets and liabilities:    
Investment in marketable securities 4,343,000 (1,032,000)
Accounts receivable - Hotel, net (183,000) 57,000
Other assets (151,000) 130,000
Accounts payable and other liabilities - Hotel 867,000 (148,000)
Accounts payable and other liabilities 45,000 (65,000)
Accounts payable related party 1,715,000 808,000
Due to securities broker (1,585,000) 1,715,000
Net cash used in operating activities (2,761,000) (10,687,000)
Cash flows from investing activities:    
Payments for hotel furniture, equipment and building improvements (1,926,000) (1,068,000)
Investment in Justice (344,000) (696,000)
Investment in real estate 980,000
Proceeds from other investments 29,000
Net cash used in investing activities (2,270,000) (755,000)
Cash flows from financing activities:    
Proceeds from related party note payable 7,550,000 3,650,000
Payments of mortgage and finance leases (2,113,000) (2,011,000)
Issuance cost from refinance of related party loan (50,000) (50,000)
Proceeds from SBA Loan - Justice 2,000,000
Net cash provided by financing activities 5,387,000 3,589,000
Net increase (decrease) in cash, cash equivalents, and restricted cash 356,000 (7,853,000)
Cash, cash equivalents, and restricted cash at the beginning of the period 8,532,000 16,385,000
Cash, cash equivalents, and restricted cash at the end of the period 8,888,000 8,532,000
Supplemental information:    
Interest paid 6,590,000 6,720,000
Taxes paid 27,000 23,000
Supplemental non-cash investing and financing transactions:    
Additions to Hotel equipment through finance leases $ 30,000