v3.25.2
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]    
Revenue - Hotel $ 46,363,000 $ 41,886,000
Costs and operating expenses    
Hotel operating expenses (37,631,000) (36,139,000)
Hotel depreciation and amortization expense (3,534,000) (3,394,000)
General and administrative expense (1,327,000) (1,682,000)
Total costs and operating expenses (42,492,000) (41,215,000)
Income from operations 3,871,000 671,000
Other income (expense)    
Interest expense - mortgage (10,680,000) (9,407,000)
Interest expense - related party (3,570,000) (2,369,000)
Net realized loss on marketable securities (10,000) (39,000)
Net unrealized gain (loss) on marketable securities 13,000 (83,000)
Gain on extinguishment of debt 1,416,000
Dividend and interest income 10,000 13,000
Trading and margin interest expense (159,000) (160,000)
Total other expense, net (12,980,000) (12,045,000)
Loss before income taxes (9,109,000) (11,374,000)
Income tax expense (1,000) (1,000)
Net loss $ (9,110,000) $ (11,375,000)
Basic net loss per share $ (12.41) $ (15.49)
Diluted net loss per share $ (12.41) $ (15.49)
Weighted average number of common shares outstanding - basic 734,187 734,187
Weighted average number of common shares outstanding - diluted 734,187 734,187