v3.26.1
SEGMENT INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION, BY SEGMENT

 

As of and for the three months  Hotel   Investment         
ended March 31, 2026  Operations   Transactions   Corporate   Total 
Revenues  $16,497,000   $-   $-   $16,497,000 
Operating expenses   (10,120,000)   -    -    (10,120,000)
Utilities   (496,000)   -    -    (496,000)
Real estate taxes   (540,000)   -    -    (540,000)
Insurance   (218,000)   -    -    (218,000)
General & administrative   -    -    (267,000)   (267,000)
Segment income (loss)   5,123,000    -    (267,000)   4,856,000 
Interest expense - mortgage   (2,476,000)   -    -    (2,476,000)
Interest expense - related party   (846,000)   -    -    (846,000)
Depreciation and amortization expense   (917,000)   -    -    (917,000)
Loss from investments   -    (46,000)   -    (46,000)
Net income (loss)  $884,000   $(46,000)  $(267,000)  $571,000 
Total assets  $46,307,000   $139,000   $166,000   $46,612,000 

 

 

As of and for the three months  Hotel   Investment         
ended March 31, 2025  Operations   Transactions   Corporate   Total 
Revenues  $12,210,000   $-   $-   $12,210,000 
Operating expenses   (8,587,000)   -    -    (8,587,000)
Utilities   (398,000)   -    -    (398,000)
Real estate taxes   (478,000)   -    -    (478,000)
Insurance   (222,000)   -    -    (222,000)
General & administrative   -    -    (387,000)   (387,000)
Segment icome (loss)   2,525,000    -    (387,000)   2,138,000 
Interest expense - mortgage   (2,459,000)   -    -    (2,459,000)
Interest expense - related party   (861,000)   -    -    (861,000)
Depreciation and amortization expense   (874,000)   -    -    (874,000)
Gain on extinguishment of debt   1,416,000    -    -    1,416,000 
Loss from investments   -    (72,000)   -    (72,000)
Net loss  $(253,000)  $(72,000)  $(387,000)  $(712,000)
Total assets  $45,099,000   $99,000   $167,000   $45,365,000 

 

As of and for the nine months  Hotel   Investment         
ended March 31, 2026  Operations   Transactions   Corporate   Total 
Revenues  $41,576,000   $-   $-   $41,576,000 
Operating expenses   (28,495,000)   -    -    (28,495,000)
Utilities   (1,439,000)   -    -    (1,439,000)
Real estate taxes   (1,620,000)   -    -    (1,620,000)
Insurance   (728,000)   -    -    (728,000)
General & administrative   -    -    (849,000)   (849,000)
Segment income (loss)   9,294,000    -    (849,000)   8,445,000 
Interest expense - mortgage   (7,354,000)   -    -    (7,354,000)
Interest expense - related party   (2,582,000)   -    -    (2,582,000)
Depreciation and amortization expense   (2,705,000)   -    -    (2,705,000)
Loss from investments   -    (108,000)   -    (108,000)
Income tax expense   -    -    (1,000)   (1,000)
Net loss  $(3,347,000)  $(108,000)  $(850,000)  $(4,305,000)
Total assets  $46,307,000   $139,000   $166,000   $46,612,000 

 

As of and for the nine months  Hotel   Investment         
ended March 31, 2025  Operations   Transactions   Corporate   Total 
Revenues  $33,995,000   $-   $-   $33,995,000 
Operating expenses   (24,039,000)   -    -    (24,039,000)
Utilities   (1,415,000)   -    -    (1,415,000)
Real estate taxes   (1,434,000)   -    -    (1,434,000)
Insurance   (644,000)   -    -    (644,000)
General & administrative   -    -    (1,038,000)   (1,038,000)
Segment income (loss)   6,463,000    -    (1,038,000)   5,425,000 
Interest expense - mortgage   (8,128,000)   -    -    (8,128,000)
Interest expense - related party   (2,542,000)   -    -    (2,542,000)
Depreciation and amortization expense   (2,655,000)   -    -    (2,655,000)
Gain on extinguishment of debt   1,416,000    -    -    1,416,000 
Loss from investments   -    (135,000)   -    (135,000)
Income tax expense   -    -    (1,000)   (1,000)
Net loss  $(5,446,000)  $(135,000)  $(1,039,000)  $(6,620,000)
Total assets  $45,099,000   $99,000   $167,000   $45,365,000