v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (4,305,000) $ (6,620,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Net unrealized (gain) loss on marketable securities (12,000) 15,000
Gain on debt extinguishment (1,416,000)
Depreciation and amortization 2,705,000 2,655,000
Amortization of loan costs 769,000 679,000
Amortization of other notes payable (425,000) (267,000)
Changes in operating assets and liabilities:    
Investment in marketable securities 95,000
Accounts receivable 115,000 119,000
Other assets, net (631,000) (257,000)
Accounts payable and other liabilities - Hotel 158,000 (2,650,000)
Accounts payable and other liabilities (15,000) (1,302,000)
Accounts payable related party 3,510,000 3,714,000
Net cash provided by (used in) operating activities 1,869,000 (5,235,000)
Cash flows from investing activities:    
Payments for hotel furniture, equipment and building improvements (1,787,000) (911,000)
Net cash used in investing activities (1,787,000) (911,000)
Cash flows from financing activities:    
Proceeds from related party note payable 11,615,000
Issuance cost from refinance of mortgage note payable (2,106,000)
Proceeds from mortgage note payable 78,800,000
Payments of mortgage and other notes payable (76,962,000)
Net cash provided by financing activities 11,347,000
Net increase in cash, cash equivalents, and restricted cash 82,000 5,201,000
Cash, cash equivalents, and restricted cash at the beginning of the period 11,722,000 4,775,000
Cash, cash equivalents, and restricted cash at the end of the period 11,804,000 9,976,000
Supplemental information:    
Interest paid 4,469,000 7,594,000
Taxes paid $ 2,000