| SCHEDULE OF INVESTMENT IN HOTEL, NET |
Investment
in hotel consisted of the following as of:
SCHEDULE
OF INVESTMENT IN HOTEL, NET
| | |
| | |
Accumulated | | |
Net Book | |
| September 30, 2022 | |
Cost | | |
Depreciation | | |
Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 1,124,000 | | |
$ | - | | |
$ | 1,124,000 | |
| Finance lease ROU assets | |
| 1,805,000 | | |
| (1,002,000 | ) | |
| 803,000 | |
| Furniture and equipment | |
| 34,492,000 | | |
| (28,793,000 | ) | |
| 5,699,000 | |
| Building and improvements | |
| 56,274,000 | | |
| (31,665,000 | ) | |
| 24,609,000 | |
| Investment in Hotel, net | |
$ | 93,695,000 | | |
$ | (61,460,000 | ) | |
$ | 32,235,000 | |
| | |
| | |
Accumulated | | |
Net Book | |
| June 30, 2022 | |
Cost | | |
Depreciation | | |
Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 1,124,000 | | |
$ | - | | |
$ | 1,124,000 | |
| Finance lease ROU assets | |
| 1,805,000 | | |
| (922,000 | ) | |
| 883,000 | |
| Furniture and equipment | |
| 32,860,000 | | |
| (28,567,000 | ) | |
| 4,293,000 | |
| Building and improvements | |
| 56,274,000 | | |
| (31,344,000 | ) | |
| 24,930,000 | |
| Investment in Hotel, net | |
$ | 92,063,000 | | |
$ | (60,833,000 | ) | |
$ | 31,230,000 | |
|