| ACCOUNTS PAYABLE AND OTHER LIABILITIES |
NOTE
11 – ACCOUNTS PAYABLE AND OTHER LIABILITIES
The
following summarizes the balances of accounts payable and other liabilities as of March 31, 2026 and June 30, 2025, respectively.
SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES
| As of | |
March
31, 2026 | | |
June
30, 2025 | |
| Trade payable | |
$ | 1,393,000 | | |
$ | 1,944,000 | |
| Advance deposits | |
| 652,000 | | |
| 519,000 | |
| Payroll and related accruals | |
| 3,395,000 | | |
| 2,975,000 | |
| Mortgage interest payable | |
| 5,401,000 | | |
| 3,283,000 | |
| Withholding and other taxes payable | |
| 1,136,000 | | |
| 1,597,000 | |
| Franchise fees | |
| 410,000 | | |
| 1,649,000 | |
| Management fees payable | |
| 250,000 | | |
| 604,000 | |
| Other payables | |
| 306,000 | | |
| 229,000 | |
| Total
accounts payable and other liabilities | |
$ | 12,943,000 | | |
$ | 12,800,000 | |
|