| SCHEDULE OF INVESTMENT, NET |
Investment
in Hotel consisted of the following as of:
SCHEDULE OF INVESTMENT, NET
| | |
| | |
Accumulated | | |
Net
Book | |
| March
31, 2026 | |
Cost | | |
Depreciation | | |
Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 1,124,000 | | |
$ | - | | |
$ | 1,124,000 | |
| Finance
lease ROU assets | |
| 1,805,000 | | |
| (1,749,000 | ) | |
| 56,000 | |
| Furniture
and equipment | |
| 41,065,000 | | |
| (34,651,000 | ) | |
| 6,414,000 | |
| Building
and improvements | |
| 62,054,000 | | |
| (36,783,000 | ) | |
| 25,271,000 | |
| Investment
in Hotel, net | |
$ | 106,048,000 | | |
$ | (73,183,000 | ) | |
$ | 32,865,000 | |
| | |
| | |
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 | |
|