| SCHEDULE OF INVESTMENT, NET |
Investment
in Hotel consisted of the following as of:
SCHEDULE OF INVESTMENT, NET
| | |
| | |
Accumulated | | |
Net Book | |
| June 30, 2025 | |
Cost | | |
Depreciation | | |
Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 1,124,000 | | |
$ | - | | |
$ | 1,124,000 | |
| Finance lease ROU assets | |
| 1,805,000 | | |
| (1,665,000 | ) | |
| 140,000 | |
| Furniture and equipment | |
| 41,195,000 | | |
| (33,248,000 | ) | |
| 7,947,000 | |
| Building and improvements | |
| 60,136,000 | | |
| (35,564,000 | ) | |
| 24,572,000 | |
| Investment in Hotel,
net | |
$ | 104,260,000 | | |
$ | (70,477,000 | ) | |
$ | 33,783,000 | |
| | |
| | |
Accumulated | | |
Net Book | |
| June 30, 2024 | |
Cost | | |
Depreciation | | |
Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 1,124,000 | | |
$ | - | | |
$ | 1,124,000 | |
| Finance lease ROU assets | |
| 1,805,000 | | |
| (1,521,000 | ) | |
| 284,000 | |
| Furniture and equipment | |
| 40,310,000 | | |
| (31,396,000 | ) | |
| 8,914,000 | |
| Building and improvements | |
| 58,769,000 | | |
| (34,026,000 | ) | |
| 24,743,000 | |
| Investment in Hotel,
net | |
$ | 102,008,000 | | |
$ | (66,943,000 | ) | |
$ | 35,065,000 | |
|