v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (9,110,000) $ (11,375,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Net unrealized (gain) loss on marketable securities (13,000) 83,000
Amortization of other notes payable (409,000) (566,000)
Gain on extinguishment of debt (1,416,000)
Depreciation and amortization 3,534,000 3,394,000
Amortization of loan cost 1,004,000 920,000
Changes in operating assets and liabilities:    
Investment in marketable securities 95,000 67,000
Accounts receivable - Hotel, net 122,000 (100,000)
Other assets (57,000) (99,000)
Accounts payable and other liabilities - Hotel 331,000 2,141,000
Accounts payable and other liabilities (1,348,000) 1,411,000
Accounts payable related party 5,119,000 4,232,000
Net cash (used in) provided by operating activities (2,148,000) 108,000
Cash flows from investing activities:    
Payments for hotel furniture, equipment and building improvements (2,252,000) (4,078,000)
Net cash used in investing activities (2,252,000) (4,078,000)
Cash flows from financing activities:    
Issuance costs from refinance (2,106,000) (1,477,000)
Proceeds from mortgage note payable 78,800,000 4,500,000
Proceeds from related party note payable 11,615,000 10,793,000
Payments of mortgage and finance leases (76,962,000) (10,277,000)
Net cash provided by financing activities 11,347,000 3,539,000
Net increase (decrease) in cash, cash equivalents, and restricted cash 6,947,000 (431,000)
Cash, cash equivalents, and restricted cash at the beginning of the period 4,775,000 5,206,000
Cash, cash equivalents, and restricted cash at the end of the period 11,722,000 4,775,000
Supplemental information:    
Interest paid 8,519,000 4,837,000
Taxes paid $ 31,000 $ 1,000