0000079661 2025-07-01 2026-03-31 0000079661 2026-05-11 0000079661 2026-03-31 0000079661 2025-06-30 0000079661 srt:HotelMember 2026-03-31 0000079661 srt:HotelMember 2025-06-30 0000079661 us-gaap:NonrelatedPartyMember 2026-03-31 0000079661 us-gaap:NonrelatedPartyMember 2025-06-30 0000079661 us-gaap:RelatedPartyMember 2026-03-31 0000079661 us-gaap:RelatedPartyMember 2025-06-30 0000079661 2026-01-01 2026-03-31 0000079661 2025-01-01 2025-03-31 0000079661 2024-07-01 2025-03-31 0000079661 us-gaap:CommonStockMember 2025-06-30 0000079661 us-gaap:RetainedEarningsMember 2025-06-30 0000079661 us-gaap:CommonStockMember 2025-09-30 0000079661 us-gaap:RetainedEarningsMember 2025-09-30 0000079661 2025-09-30 0000079661 us-gaap:CommonStockMember 2025-12-31 0000079661 us-gaap:RetainedEarningsMember 2025-12-31 0000079661 2025-12-31 0000079661 us-gaap:CommonStockMember 2024-06-30 0000079661 us-gaap:RetainedEarningsMember 2024-06-30 0000079661 2024-06-30 0000079661 us-gaap:CommonStockMember 2024-09-30 0000079661 us-gaap:RetainedEarningsMember 2024-09-30 0000079661 2024-09-30 0000079661 us-gaap:CommonStockMember 2024-12-31 0000079661 us-gaap:RetainedEarningsMember 2024-12-31 0000079661 2024-12-31 0000079661 us-gaap:CommonStockMember 2025-07-01 2025-09-30 0000079661 us-gaap:RetainedEarningsMember 2025-07-01 2025-09-30 0000079661 2025-07-01 2025-09-30 0000079661 us-gaap:CommonStockMember 2025-10-01 2025-12-31 0000079661 us-gaap:RetainedEarningsMember 2025-10-01 2025-12-31 0000079661 2025-10-01 2025-12-31 0000079661 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0000079661 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0000079661 us-gaap:CommonStockMember 2024-07-01 2024-09-30 0000079661 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0000079661 2024-07-01 2024-09-30 0000079661 us-gaap:CommonStockMember 2024-10-01 2024-12-31 0000079661 us-gaap:RetainedEarningsMember 2024-10-01 2024-12-31 0000079661 2024-10-01 2024-12-31 0000079661 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000079661 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000079661 us-gaap:CommonStockMember 2026-03-31 0000079661 us-gaap:RetainedEarningsMember 2026-03-31 0000079661 us-gaap:CommonStockMember 2025-03-31 0000079661 us-gaap:RetainedEarningsMember 2025-03-31 0000079661 2025-03-31 0000079661 PRSI:InterGroupCorporationMember 2025-03-31 0000079661 PRSI:InterGroupCorporationMember 2025-03-01 2025-03-31 0000079661 srt:MinimumMember 2025-05-01 2025-05-31 0000079661 srt:MaximumMember 2025-05-01 2025-05-31 0000079661 us-gaap:ObligationsMember PRSI:MortgageNotesPayableMember 2026-03-31 0000079661 us-gaap:ObligationsMember PRSI:HiltonAndAimbridgeOtherPotesPayableMember 2026-03-31 0000079661 us-gaap:ObligationsMember PRSI:RelatedPartyNotesPayableMember 2026-03-31 0000079661 us-gaap:ObligationsMember PRSI:InterestMortgageNotesPayableMember 2026-03-31 0000079661 us-gaap:ObligationsMember PRSI:InterestRelatedPartyNotePayableMember 2026-03-31 0000079661 us-gaap:ObligationsMember 2026-03-31 0000079661 PRSI:HotelRoomsMember 2026-01-01 2026-03-31 0000079661 PRSI:HotelRoomsMember 2025-01-01 2025-03-31 0000079661 us-gaap:FoodAndBeverageMember 2026-01-01 2026-03-31 0000079661 us-gaap:FoodAndBeverageMember 2025-01-01 2025-03-31 0000079661 PRSI:GarageMember 2026-01-01 2026-03-31 0000079661 PRSI:GarageMember 2025-01-01 2025-03-31 0000079661 PRSI:OtherOperatingDepartmentsMember 2026-01-01 2026-03-31 0000079661 PRSI:OtherOperatingDepartmentsMember 2025-01-01 2025-03-31 0000079661 PRSI:HotelRoomsMember 2025-07-01 2026-03-31 0000079661 PRSI:HotelRoomsMember 2024-07-01 2025-03-31 0000079661 us-gaap:FoodAndBeverageMember 2025-07-01 2026-03-31 0000079661 us-gaap:FoodAndBeverageMember 2024-07-01 2025-03-31 0000079661 PRSI:GarageMember 2025-07-01 2026-03-31 0000079661 PRSI:GarageMember 2024-07-01 2025-03-31 0000079661 PRSI:OtherOperatingDepartmentsMember 2025-07-01 2026-03-31 0000079661 PRSI:OtherOperatingDepartmentsMember 2024-07-01 2025-03-31 0000079661 2025-07-01 0000079661 2024-07-01 0000079661 us-gaap:LandMember 2026-03-31 0000079661 PRSI:FinanceLeaseRightOfUseAssetsMember 2026-03-31 0000079661 us-gaap:FurnitureAndFixturesMember 2026-03-31 0000079661 us-gaap:BuildingImprovementsMember 2026-03-31 0000079661 us-gaap:LandMember 2025-06-30 0000079661 PRSI:FinanceLeaseRightOfUseAssetsMember 2025-06-30 0000079661 us-gaap:FurnitureAndFixturesMember 2025-06-30 0000079661 us-gaap:BuildingImprovementsMember 2025-06-30 0000079661 srt:MinimumMember us-gaap:FurnitureAndFixturesMember 2026-03-31 0000079661 srt:MaximumMember us-gaap:FurnitureAndFixturesMember 2026-03-31 0000079661 srt:MinimumMember us-gaap:BuildingAndBuildingImprovementsMember 2026-03-31 0000079661 srt:MaximumMember us-gaap:BuildingAndBuildingImprovementsMember 2026-03-31 0000079661 us-gaap:EquitySecuritiesMember 2026-03-31 0000079661 us-gaap:EquitySecuritiesMember 2025-07-01 2026-03-31 0000079661 us-gaap:EquitySecuritiesMember 2025-06-30 0000079661 us-gaap:EquitySecuritiesMember 2024-07-01 2025-06-30 0000079661 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember PRSI:REITsAndRealEstateCompaniesMember 2026-03-31 0000079661 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember PRSI:REITsAndRealEstateCompaniesMember 2025-06-30 0000079661 PRSI:MortgageLoanMember PRSI:InterestRateCapAgreementMember 2025-03-31 0000079661 us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel2Member 2026-03-31 0000079661 us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel2Member

us-gaap:OtherAssets

2026-03-31 0000079661 PRSI:HotelOperationsMember 2026-01-01 2026-03-31 0000079661 PRSI:InvestmentTransactionsMember 2026-01-01 2026-03-31 0000079661 us-gaap:CorporateMember 2026-01-01 2026-03-31 0000079661 PRSI:HotelOperationsMember 2026-03-31 0000079661 PRSI:InvestmentTransactionsMember 2026-03-31 0000079661 us-gaap:CorporateMember 2026-03-31 0000079661 PRSI:HotelOperationsMember 2025-01-01 2025-03-31 0000079661 PRSI:InvestmentTransactionsMember 2025-01-01 2025-03-31 0000079661 us-gaap:CorporateMember 2025-01-01 2025-03-31 0000079661 PRSI:HotelOperationsMember 2025-03-31 0000079661 PRSI:InvestmentTransactionsMember 2025-03-31 0000079661 us-gaap:CorporateMember 2025-03-31 0000079661 PRSI:HotelOperationsMember 2025-07-01 2026-03-31 0000079661 PRSI:InvestmentTransactionsMember 2025-07-01 2026-03-31 0000079661 us-gaap:CorporateMember 2025-07-01 2026-03-31 0000079661 PRSI:HotelOperationsMember 2024-07-01 2025-03-31 0000079661 PRSI:InvestmentTransactionsMember 2024-07-01 2025-03-31 0000079661 us-gaap:CorporateMember 2024-07-01 2025-03-31 0000079661 us-gaap:RelatedPartyMember PRSI:RelatedPartyNotePayableInterGroupMember 2026-03-31 0000079661 us-gaap:RelatedPartyMember PRSI:RelatedPartyNotePayableInterGroupMember 2025-06-30 0000079661 us-gaap:RelatedPartyMember PRSI:OtherNotePayableHiltonMember 2026-03-31 0000079661 us-gaap:RelatedPartyMember PRSI:OtherNotePayableHiltonMember 2025-06-30 0000079661 us-gaap:RelatedPartyMember PRSI:OtherNotePayableAimbridgeMember 2026-03-31 0000079661 us-gaap:RelatedPartyMember PRSI:OtherNotePayableAimbridgeMember 2025-06-30 0000079661 us-gaap:UnsecuredDebtMember 2014-07-02 0000079661 us-gaap:UnsecuredDebtMember 2014-07-02 2014-07-02 0000079661 us-gaap:UnsecuredDebtMember 2020-12-16 0000079661 us-gaap:UnsecuredDebtMember 2021-12-31 0000079661 us-gaap:UnsecuredDebtMember 2023-07-01 2023-07-31 0000079661 us-gaap:UnsecuredDebtMember 2023-07-31 0000079661 us-gaap:UnsecuredDebtMember 2024-03-01 2024-03-31 0000079661 us-gaap:UnsecuredDebtMember 2024-03-31 0000079661 us-gaap:UnsecuredDebtMember 2025-03-01 2025-03-31 0000079661 us-gaap:UnsecuredDebtMember 2025-05-31 0000079661 us-gaap:UnsecuredDebtMember 2026-03-31 0000079661 PRSI:InterestFreeDevelopmentIncentiveNoteMember PRSI:HiltonMember 2025-07-01 2026-03-31 0000079661 2017-02-01 2017-02-01 0000079661 2017-02-01 0000079661 srt:ParentCompanyMember PRSI:InterGroupCorporationMember 2026-03-31 0000079661 srt:ParentCompanyMember PRSI:JohnVWinfieldMember 2026-03-31 0000079661 PRSI:JohnVWinfieldMember PRSI:InterGroupCorporationMember 2026-03-31 0000079661 PRSI:RelatedPartyNotesPayableMember 2026-03-31 0000079661 PRSI:MortgageLoanAgreementMember 2025-03-28 0000079661 PRSI:MortgageLoanAgreementMember 2025-03-28 2025-03-28 0000079661 PRSI:MezzanineLoanAgreementMember 2025-03-28 iso4217:USD shares iso4217:USD shares PRSI:Segments pure false Q3 --06-30 0000079661

10-Q true 2026-03-31 2026 false 000-04057 PORTSMOUTH SQUARE, INC. CA 94-1674111 1516 S. Bundy Dr. Suite 200 Los Angeles CA 90025 (310) 889-2500 Yes Yes Non-accelerated Filer true false false 734187

32865000

33783000

139000

127000

5849000

4470000

5955000

7252000

282000

397000

1522000

891000

46612000

46920000

12829000

12671000

114000

129000

20144000

16634000

38108000

1554000

1979000

102288000 101519000

175037000

171040000

750000

734187

2092000

-130517000

-126212000

-128425000

-124120000

46612000

46920000

16497000

12210000

11374000

9685000

917000

874000

267000

387000

12558000

10946000

3939000

1264000

2476000

2459000

-846000

-861000

-5000

-9000

-25000

1416000

3000

41000 41000

-3368000

-1976000

571000

-712000

0.78

-0.97

734187

41576000

33995000

32282000

27532000

2705000

2655000

849000

1038000

35836000

31225000

5740000

2770000

7354000

8128000

-2582000

-2542000

12000

-15000

-11000

1416000

10000

120000 119000

-10044000

-9389000

-4304000

-6619000

1000

-4305000

-6620000

-5.86

-9.02

734187

2092000

-126212000

-124120000

-2585000

734187

2092000

-128797000

-126705000

-2291000

734187

2092000

-131088000

-128996000

571000

734187

2092000

-130517000

-128425000

734187

2092000

-117102000

-115010000

-1872000

734187

2092000

-118974000

-116882000

-4036000

734187

2092000

-123010000

-120918000

734187

2092000

-123010000

-120918000

-712000

734187

2092000

-123722000

-121630000

734187

2092000

-123722000

-121630000

-4305000

-6620000

12000

-15000

1416000

2705000

2655000

769000 679000 425000 267000

-95000

-115000

-119000

631000

257000

158000 -2650000

-15000

-1302000

3510000

3714000

1869000

-5235000

1787000

911000

-1787000

-911000

11615000

2106000

78800000

76962000

11347000

82000

5201000

11722000

4775000

11804000

9976000

4469000

7594000

2000

NOTE 1 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements of Portsmouth Square, Inc. (“Portsmouth”, the “Company”, “we”, “our”, or “us”) have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance U.S. GAAP have been condensed or omitted. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. The results of operations for the interim periods presented are not necessarily indicative of results expected for the full fiscal year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements of Portsmouth and the notes therein included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. The June 30, 2025, condensed consolidated balance sheet was derived from the audited condensed consolidated balance sheet included in the Company’s Form 10-K for the year ended June 30, 2025. The unaudited condensed consolidated financial statements include the accounts of our wholly owned and controlled subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. There have been no material changes to the Company’s significant accounting policies during the nine months ended March 31, 2026. Please refer to the Company’s Annual Report on Form 10-K for the year ended June 30, 2025 for a summary of the significant accounting policies. Recently Issued and Adopted Accounting Pronouncements The Company’s Annual Report on Form 10-K for the year ended June 30, 2025 contains a discussion on the recently issued accounting pronouncements. As of March 31, 2026, there was no material impact from the recent adoption of new accounting pronouncements, nor expected material impact from recently issued accounting pronouncements yet to be adopted, on the Company’s condensed consolidated financial statements. Going Concern The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and on a going concern basis, which assumes the Company will continue to operate in the normal course of business. Management evaluates going concern in accordance with Accounting Standards Codification (“ASC”) 205-40 for the twelve months following the issuance of these condensed consolidated financial statements. As disclosed in the Company’s Annual Report on Form 10-K for the year ended June 30, 2025, management concluded that the conditions and events that had raised substantial doubt were alleviated as of that date as a result of the Company’s March 28, 2025 refinancing of its senior mortgage and mezzanine debt, which resulted in extended maturities, favorable interest terms, and improved covenant compliance. Since closing, the Company has remained current on all required debt service and continued property enhancements (See Note 10 – Mortgage Notes Payable and Mezzanine Financing). In addition, the Company maintains access to a related-party revolving credit facility with The InterGroup Corporation, which provides a contingency source of liquidity without required monthly principal or interest payments prior to maturity (See Note 9 – Related Party and Other Financing Transactions). Management re-evaluated the Company’s liquidity as of March 31, 2026, and concluded that no conditions or events exist that raise substantial doubt about the Company’s ability to continue as a going concern for at least the next twelve months following issuance.

Recently Issued and Adopted Accounting Pronouncements The Company’s Annual Report on Form 10-K for the year ended June 30, 2025 contains a discussion on the recently issued accounting pronouncements. As of March 31, 2026, there was no material impact from the recent adoption of new accounting pronouncements, nor expected material impact from recently issued accounting pronouncements yet to be adopted, on the Company’s condensed consolidated financial statements.

Going Concern The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and on a going concern basis, which assumes the Company will continue to operate in the normal course of business. Management evaluates going concern in accordance with Accounting Standards Codification (“ASC”) 205-40 for the twelve months following the issuance of these condensed consolidated financial statements. As disclosed in the Company’s Annual Report on Form 10-K for the year ended June 30, 2025, management concluded that the conditions and events that had raised substantial doubt were alleviated as of that date as a result of the Company’s March 28, 2025 refinancing of its senior mortgage and mezzanine debt, which resulted in extended maturities, favorable interest terms, and improved covenant compliance. Since closing, the Company has remained current on all required debt service and continued property enhancements (See Note 10 – Mortgage Notes Payable and Mezzanine Financing). In addition, the Company maintains access to a related-party revolving credit facility with The InterGroup Corporation, which provides a contingency source of liquidity without required monthly principal or interest payments prior to maturity (See Note 9 – Related Party and Other Financing Transactions). Management re-evaluated the Company’s liquidity as of March 31, 2026, and concluded that no conditions or events exist that raise substantial doubt about the Company’s ability to continue as a going concern for at least the next twelve months following issuance. NOTE 2 – LIQUIDITY See Note 1 – Basis of Presentation and Significant Accounting Policies (Going Concern) for management’s going concern assessment under ASC 205-40. Historically, the Company has relied primarily on cash flows generated from operations at its hotel property, the Hilton San Francisco Financial District (the “Hotel”), as its primary source of liquidity. However, the pace of recovery in the San Francisco hospitality market remains slower than anticipated due to several factors, including a sustained decline in business travel driven by remote work trends, as well as broader municipal challenges such as safety concerns, homelessness, and increased crime. These conditions have limited demand in key customer segments and shifted the Hotel’s revenue base toward lower-yielding leisure travel. The Company experienced net cash provided by operating activities of approximately $1,869,000 for the nine months ended March 31, 2026. In response to ongoing market pressures, the Company has adopted several capital preservation initiatives, including deferral of non-essential capital projects, temporary suspension of certain Hotel services, renegotiation of vendor agreements, and reduction of controllable operating expenses. During the nine months ended March 31, 2026, the Company continued to invest in property enhancements, incurring capital expenditures totaling approximately $1,787,000. These expenditures included the renovation of 14 guest rooms, which had previously been utilized as administrative offices and were returned to the Company’s available room inventory upon completion in September 2025 (see Note 4). As of March 31, 2026, the Company had: <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in">●</td> <td style="text-align: justify">Cash and cash equivalents of $5,849,000 (compared to $4,470,000 as of June 30, 2025);</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in">●</td> <td style="text-align: justify">Restricted cash of $5,955,000 (compared to $7,252,000 as of June 30, 2025); and</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in">●</td> <td style="text-align: justify">Marketable securities, net of margin balances, of $139,000 (compared to $127,000 as of June 30, 2025).</td></tr> </table> These securities are considered liquid and available for short-term needs (See Note 5). Summary of Related Party Financing (See Note 9 for full details) To supplement its liquidity position, the Company maintains access to an unsecured loan facility with its parent company, The InterGroup Corporation (“InterGroup”), a related party. In March 2025, the facility was amended to (i) increase the available borrowing capacity to $40,000,000, and (ii) extend the maturity date to July 31, 2027. In May 2025, the facility was amended to reduce the interest rate to 9% from 12%. During the nine months ended March 31, 2026, the Company had no additional borrowings under this facility. As of March 31, 2026, the outstanding loan balance was $38,108,000, with no principal repayments made to date. See Note 9 – Related Party and Other Financing Transactions for additional terms and activity. The Company remains current on its debt service obligations as of March 31, 2026. For management’s going concern evaluation under ASC 205-40, including the assessment conclusion, see Note 1 (Going Concern). The following table provides a summary as of March 31, 2026, the Company’s material financial obligations including interest payments: SCHEDULE OF FINANCIAL OBLIGATIONS INCLUDING INTEREST PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">3 Months</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2027</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2028</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2029</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2030</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Thereafter</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left">Mortgage notes payable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zyzc8KmZoyrl" style="width: 5%; text-align: right" title="Long-term Debt">103,300,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zhcux77CZRSi" style="width: 5%; text-align: right" title="2026">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zCYXELH3Fb8k" style="width: 5%; text-align: right" title="2027">103,300,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zZO531gGtP9b" style="width: 5%; text-align: right" title="2028">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zlqFdvpSCpBl" style="width: 5%; text-align: right" title="2029">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zCRKKx6d4vsh" style="width: 5%; text-align: right" title="2030"> -</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zsBMAOXjvLTd" style="width: 5%; text-align: right" title="Thereafter"> -</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Hilton/Aimbridge other notes payable</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z85mLtS6cLBh" style="text-align: right" title="Long-term Debt">1,554,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zOdN4Zp6G8ta" style="text-align: right" title="2026">142,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zhEpGxOkiKp2" style="text-align: right" title="2027">463,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zuEQOPhFqhjj" style="text-align: right" title="2028">317,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zJDyDAj0NL6a" style="text-align: right" title="2029">317,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zRutpvdenBI5" style="text-align: right" title="2030">315,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zK5r1cXPdK3e" style="text-align: right" title="Thereafter">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Related party notes payable</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zWvbwTlJvj2b" style="text-align: right" title="Long-term Debt">38,108,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zC42clEAiP9j" style="text-align: right" title="2026">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z7b3DbKwpb97" style="text-align: right" title="2027">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zgisBfRGgmgg" style="text-align: right" title="2028">38,108,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z875qr9zR4N8" style="text-align: right" title="2029">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zrkP1PYJ4Guf" style="text-align: right" title="2030">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zULNziY5eUuj" style="text-align: right" title="Thereafter">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest mortgage notes payable</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zXieEChcFAy7" style="text-align: right" title="Long-term Debt">15,023,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zVCCu65snBdk" style="text-align: right" title="2026">2,242,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z6jlH9xPi0ge" style="text-align: right" title="2027">12,781,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zCTB9nROsSef" style="text-align: right" title="2028">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zB7Yl2fHS2N6" style="text-align: right" title="2028">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zPgVxnN7dfs8" style="text-align: right" title="2030">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zNs9QqnkHWj6" style="text-align: right" title="Thereafter">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Interest related party note payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z5jMUP9ymPHj" style="border-bottom: Black 1pt solid; text-align: right" title="Long-term Debt">16,203,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zA3hJOOcaAMh" style="border-bottom: Black 1pt solid; text-align: right" title="2026">1,143,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z21J67OkMxlk" style="border-bottom: Black 1pt solid; text-align: right" title="2027">4,573,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zh3IIhDXtJ0k" style="border-bottom: Black 1pt solid; text-align: right" title="2028">10,487,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zndcHXM0Q58f" style="border-bottom: Black 1pt solid; text-align: right" title="2028">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zGBFx962qmL" style="border-bottom: Black 1pt solid; text-align: right" title="2030">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zsxyTOMsgNlh" style="border-bottom: Black 1pt solid; text-align: right" title="Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zf2jZhNmWL6h" style="border-bottom: Black 2.5pt double; text-align: right" title="Long-term Debt">174,188,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zRjXlfXgfi66" style="border-bottom: Black 2.5pt double; text-align: right" title="3 Months 2026">3,527,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zwLn5xAwNlR5" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2027">121,117,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zUlHG7XuPv1l" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2028">48,912,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zNPuj1X6T5rc" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2028">317,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zDnTUTs2Th4j" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2030">315,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zlg4abgRfcwe" style="border-bottom: Black 2.5pt double; text-align: right" title="Thereafter">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Mortgage Notes Payable See Note 10 – Mortgage Notes Payable and Mezzanine Financing for current facility terms, maturities, covenants, and cash-management provisions. Related Party Notes Payable See Note 9 – Related Party and Other Financing Transactions for additional information on the InterGroup revolving credit facility.

1869000

1787000

5849000

4470000

5955000

7252000

139000

127000

40000000

2027-07-31

0.09 0.12

38108000

The following table provides a summary as of March 31, 2026, the Company’s material financial obligations including interest payments: SCHEDULE OF FINANCIAL OBLIGATIONS INCLUDING INTEREST PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">3 Months</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Year</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2027</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2028</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2029</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2030</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Thereafter</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left">Mortgage notes payable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zyzc8KmZoyrl" style="width: 5%; text-align: right" title="Long-term Debt">103,300,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zhcux77CZRSi" style="width: 5%; text-align: right" title="2026">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zCYXELH3Fb8k" style="width: 5%; text-align: right" title="2027">103,300,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zZO531gGtP9b" style="width: 5%; text-align: right" title="2028">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zlqFdvpSCpBl" style="width: 5%; text-align: right" title="2029">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zCRKKx6d4vsh" style="width: 5%; text-align: right" title="2030"> -</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--MortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zsBMAOXjvLTd" style="width: 5%; text-align: right" title="Thereafter"> -</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Hilton/Aimbridge other notes payable</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z85mLtS6cLBh" style="text-align: right" title="Long-term Debt">1,554,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zOdN4Zp6G8ta" style="text-align: right" title="2026">142,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zhEpGxOkiKp2" style="text-align: right" title="2027">463,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zuEQOPhFqhjj" style="text-align: right" title="2028">317,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zJDyDAj0NL6a" style="text-align: right" title="2029">317,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zRutpvdenBI5" style="text-align: right" title="2030">315,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--HiltonAndAimbridgeOtherPotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zK5r1cXPdK3e" style="text-align: right" title="Thereafter">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Related party notes payable</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zWvbwTlJvj2b" style="text-align: right" title="Long-term Debt">38,108,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zC42clEAiP9j" style="text-align: right" title="2026">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z7b3DbKwpb97" style="text-align: right" title="2027">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zgisBfRGgmgg" style="text-align: right" title="2028">38,108,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z875qr9zR4N8" style="text-align: right" title="2029">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zrkP1PYJ4Guf" style="text-align: right" title="2030">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zULNziY5eUuj" style="text-align: right" title="Thereafter">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest mortgage notes payable</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zXieEChcFAy7" style="text-align: right" title="Long-term Debt">15,023,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zVCCu65snBdk" style="text-align: right" title="2026">2,242,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z6jlH9xPi0ge" style="text-align: right" title="2027">12,781,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zCTB9nROsSef" style="text-align: right" title="2028">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zB7Yl2fHS2N6" style="text-align: right" title="2028">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zPgVxnN7dfs8" style="text-align: right" title="2030">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestMortgageNotesPayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zNs9QqnkHWj6" style="text-align: right" title="Thereafter">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Interest related party note payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z5jMUP9ymPHj" style="border-bottom: Black 1pt solid; text-align: right" title="Long-term Debt">16,203,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zA3hJOOcaAMh" style="border-bottom: Black 1pt solid; text-align: right" title="2026">1,143,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_z21J67OkMxlk" style="border-bottom: Black 1pt solid; text-align: right" title="2027">4,573,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zh3IIhDXtJ0k" style="border-bottom: Black 1pt solid; text-align: right" title="2028">10,487,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zndcHXM0Q58f" style="border-bottom: Black 1pt solid; text-align: right" title="2028">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zGBFx962qmL" style="border-bottom: Black 1pt solid; text-align: right" title="2030">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--LongtermDebtTypeAxis__custom--InterestRelatedPartyNotePayableMember__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zsxyTOMsgNlh" style="border-bottom: Black 1pt solid; text-align: right" title="Thereafter">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebt_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zf2jZhNmWL6h" style="border-bottom: Black 2.5pt double; text-align: right" title="Long-term Debt">174,188,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zRjXlfXgfi66" style="border-bottom: Black 2.5pt double; text-align: right" title="3 Months 2026">3,527,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zwLn5xAwNlR5" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2027">121,117,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zUlHG7XuPv1l" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2028">48,912,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zNPuj1X6T5rc" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2028">317,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zDnTUTs2Th4j" style="border-bottom: Black 2.5pt double; text-align: right" title="Year 2030">315,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_pp0p0_c20260331__us-gaap--FairValueByLiabilityClassAxis__us-gaap--ObligationsMember_zlg4abgRfcwe" style="border-bottom: Black 2.5pt double; text-align: right" title="Thereafter">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

103300000

1554000

142000

463000

317000

315000

38108000

15023000

2242000

12781000

16203000

1143000

4573000

10487000

174188000

3527000

121117000

48912000

317000

315000

NOTE 3 – REVENUE The following table presents our revenues disaggregated by revenue streams. SCHEDULE OF REVENUE DISAGGREGATION BY REVENUE STREAMS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the three months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260101__20260331_zKJziU8y7Ag2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250101__20250331_zjRJsunM9y84" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Hotel revenues:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--HotelRoomsMember_zkPOBMl1hiPf" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Hotel rooms</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">14,424,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">10,534,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__us-gaap--FoodAndBeverageMember_z8h9DTuuTM8i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Food and beverage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">980,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">728,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--GarageMember_zVS7cI0vA3F6" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Garage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">764,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">760,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--OtherOperatingDepartmentsMember_zZnzsddmtffb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Other operating departments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">329,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">188,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zsV7Ha3fD7ai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total hotel revenue</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">16,497,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,210,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the nine months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250701__20260331_zN6XkI535ar2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240701__20250331_zX7Gsrw5tIt" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Hotel revenues:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--HotelRoomsMember_zbGCfDVoMOa7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Hotel rooms</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">35,907,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">29,045,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__us-gaap--FoodAndBeverageMember_z4GAOysUtTza" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Food and beverage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,512,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,115,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--GarageMember_zk1vMGMnkYhk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Garage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,486,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,415,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--OtherOperatingDepartmentsMember_zzjjChdD03S9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Other operating departments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">671,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">420,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zo3wke6fVFeb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total hotel revenue</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">41,576,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">33,995,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Performance Obligations We identified the following performance obligations for which revenue is recognized when (or as) the performance obligations are satisfied, in an amount that reflects the consideration we expect to be entitled to in exchange for providing the goods or services: ● Cancelable room reservations or ancillary services are typically satisfied as the good or service is transferred to the Hotel guest, which is generally when the room stay occurs. ● Non-cancelable room reservations and banquet or conference reservations represent a series of distinct goods or services provided over time and satisfied as each distinct good or service is provided, generally recognized daily over the stay or as banquet/conference services are rendered. ● Other ancillary goods and services are purchased independently of the room reservation at standalone selling prices and are considered separate performance obligations, which are satisfied when the related good or service is provided to the Hotel guest. ● Components of package reservations for which each component could be sold separately to other Hotel guests are considered separate performance obligations and are satisfied as set forth above. Hotel revenue primarily consists of Hotel room rentals, revenue from accommodations sold in conjunction with other services (e.g., package reservations), food and beverage sales and other ancillary goods and services (e.g., parking). Revenue is recognized when rooms are occupied or goods and services have been delivered or rendered, respectively. Payment terms typically align with when the goods and services are provided. For package reservations, the transaction price is allocated to the performance obligations within the package based on the estimated standalone selling prices of each component. We do not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. Due to the nature of our business, our revenue is not significantly impacted by refunds. Cash payments received in advance of guests staying at our Hotel are refunded if the guest cancels within the specified time period before any services are rendered. Refunds related to service are generally recognized as an adjustment to the transaction price at the time the Hotel stay occurs or services are rendered. Contract Assets and Liabilities The Company does not have any material contract assets as of March 31, 2026 and June 30, 2025, other than trade and other receivables, net on our condensed consolidated balance sheets. Our receivables are primarily the result of contracts with customers, which are reduced by an allowance for doubtful accounts that reflects our estimate of amounts that will not be collected. The Company records contract liabilities when cash payments are received or due in advance of guests staying at our Hotel, which are presented within accounts payable and other liabilities—hotel on our condensed consolidated balance sheets. Contract liabilities had on opening balance of $505,000 at July 1, 2025. Contract liabilities were $623,000 as of March 31, 2026. The increase as of March 31, 2026, was primarily driven by an increase in advance deposits received from customers for services to be performed after March 31, 2026. During the nine months ended March 31, 2026, we recognized $505,000 of revenue that was included in the contract liability balance at July 1, 2025. Contract liabilities were $370,000 as of July 1, 2024 and decreased to $290,000 as of March 31, 2025. During the nine months ended March 31, 2025, we recognized $370,000 of revenue that was included in the contract liability balance at July 1, 2024. Contract Costs We consider sales commissions earned to be incremental costs of obtaining a contract with our customers. As a practical expedient, we expense these costs as incurred as our contracts with customers are less than one year.

The following table presents our revenues disaggregated by revenue streams. SCHEDULE OF REVENUE DISAGGREGATION BY REVENUE STREAMS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the three months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260101__20260331_zKJziU8y7Ag2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250101__20250331_zjRJsunM9y84" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Hotel revenues:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--HotelRoomsMember_zkPOBMl1hiPf" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Hotel rooms</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">14,424,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">10,534,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__us-gaap--FoodAndBeverageMember_z8h9DTuuTM8i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Food and beverage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">980,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">728,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--GarageMember_zVS7cI0vA3F6" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Garage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">764,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">760,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--OtherOperatingDepartmentsMember_zZnzsddmtffb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Other operating departments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">329,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">188,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zsV7Ha3fD7ai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total hotel revenue</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">16,497,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,210,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the nine months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250701__20260331_zN6XkI535ar2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240701__20250331_zX7Gsrw5tIt" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Hotel revenues:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--HotelRoomsMember_zbGCfDVoMOa7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Hotel rooms</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">35,907,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">29,045,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__us-gaap--FoodAndBeverageMember_z4GAOysUtTza" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Food and beverage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,512,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,115,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--GarageMember_zk1vMGMnkYhk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Garage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,486,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,415,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--OtherOperatingDepartmentsMember_zzjjChdD03S9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Other operating departments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">671,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">420,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zo3wke6fVFeb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total hotel revenue</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">41,576,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">33,995,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

14424000

10534000

980000

728000

764000

760000

329000

188000

16497000

12210000

35907000

29045000

2512000

2115000

2486000

2415000

671000

420000

41576000

33995000

505000

623000

505000

370000

290000

370000

NOTE 4 – INVESTMENT IN HOTEL, NET Investment in Hotel consisted of the following as of: SCHEDULE OF INVESTMENT, NET <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated</td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book</td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">March 31, 2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Value</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%">Land</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zAViwIibHLmf" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Cost">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zjmHrQupNJk1" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Accumulated Depreciation">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zEt2588Y8dP7" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Net Book Value">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Finance lease ROU assets</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_ziXLwpl9wc3e" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">1,805,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_z3ggRN91S367" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(1,749,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_zeIGBuLEvevb" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">56,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Furniture and equipment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_z42JDLTVzNGd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">41,065,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zJByILgVTLMh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(34,651,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zcGZrZ5qnfv1" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">6,414,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Building and improvements</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zGDjK70fqhG9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">62,054,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zonSwJvAbhB2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(36,783,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zPG119zXd6xi" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">25,271,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Investment in Hotel, net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331_z8e2i3p7bdQ3" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">106,048,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98D_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331_zqA7us94b4t5" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(73,183,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98E_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331_zc550A4pyaFb" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">32,865,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">June 30, 2025</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Value</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%">Land</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zUqrjgvRrH5j" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Cost">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_z9DmOV3Ix4xd" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Accumulated Depreciation">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zLDSWkBRpmV7" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Net Book Value">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Finance lease ROU assets</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_zzt5MeHmFqk7" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">1,805,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_z5HnGJ1CRZJi" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(1,665,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_zPTotpoFHzec" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">140,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Furniture and equipment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zKZgWQ9oU6U7" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">41,195,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zLCaCVc8Y429" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(33,248,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zjunxiz76K1l" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">7,947,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Building and improvements</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zXAJaDzbr7Vk" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">60,136,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zEvmfD6Onaak" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(35,564,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zVd0dBs0PRT4" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">24,572,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Investment in Hotel, net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630_z4TXC93p7nQc" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">104,260,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630_zR8xJAOPZlEe" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(70,477,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630_zNsytTYZFGR2" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">33,783,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Finance lease right-of-use assets related to equipment are recorded at cost and amortized on a straight-line basis over the term. Furniture and equipment are recorded at cost and depreciated on a straight-line basis over their estimated useful lives, which generally range from <span id="xdx_900_eus-gaap--RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MinimumMember_zgaVOVD70h7d" title="Finance lease ROU assets useful life">3 to <span id="xdx_90C_eus-gaap--RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MaximumMember_zZeQi6g2SVtg" title="Finance lease ROU assets useful life">7 years. Building and improvements are recorded at cost and depreciated on a straight-line basis over estimated useful lives ranging from <span id="xdx_901_eus-gaap--RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember__srt--RangeAxis__srt--MinimumMember_zSoyhmkdF4X4" title="Finance lease ROU assets useful life">15 to <span id="xdx_904_eus-gaap--RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember__srt--RangeAxis__srt--MaximumMember_zk2tRum2bAej" title="Finance lease ROU assets useful life">39 years. Construction-in-progress is not depreciated until the assets are placed in service. Depreciation expense for the nine months ended March 31, 2026 and 2025 was $2,705,000 and $2,655,000, respectively, and is included in depreciation and amortization expense in the condensed consolidated statements of operations. As discussed in Note 2 – Liquidity, the Company continued property enhancements during the nine months ended March 31, 2026, including the renovation of 14 guest rooms that were returned to available room inventory upon completion in September 2025.

Investment in Hotel consisted of the following as of: SCHEDULE OF INVESTMENT, NET <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated</td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book</td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">March 31, 2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Value</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%">Land</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zAViwIibHLmf" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Cost">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zjmHrQupNJk1" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Accumulated Depreciation">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zEt2588Y8dP7" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Net Book Value">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Finance lease ROU assets</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_ziXLwpl9wc3e" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">1,805,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_z3ggRN91S367" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(1,749,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_zeIGBuLEvevb" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">56,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Furniture and equipment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_z42JDLTVzNGd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">41,065,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zJByILgVTLMh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(34,651,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zcGZrZ5qnfv1" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">6,414,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Building and improvements</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zGDjK70fqhG9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">62,054,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zonSwJvAbhB2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(36,783,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zPG119zXd6xi" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">25,271,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Investment in Hotel, net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20260331_z8e2i3p7bdQ3" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">106,048,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98D_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20260331_zqA7us94b4t5" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(73,183,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98E_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20260331_zc550A4pyaFb" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">32,865,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">June 30, 2025</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Value</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 49%">Land</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zUqrjgvRrH5j" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Cost">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_z9DmOV3Ix4xd" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Accumulated Depreciation">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zLDSWkBRpmV7" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Net Book Value">1,124,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Finance lease ROU assets</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_zzt5MeHmFqk7" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">1,805,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_z5HnGJ1CRZJi" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(1,665,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FinanceLeaseRightOfUseAssetsMember_zPTotpoFHzec" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">140,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Furniture and equipment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zKZgWQ9oU6U7" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">41,195,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zLCaCVc8Y429" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(33,248,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zjunxiz76K1l" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">7,947,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Building and improvements</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98B_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zXAJaDzbr7Vk" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">60,136,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zEvmfD6Onaak" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(35,564,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingImprovementsMember_zVd0dBs0PRT4" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">24,572,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Investment in Hotel, net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--RealEstateInvestmentPropertyAtCost_iI_pp0p0_c20250630_z4TXC93p7nQc" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost">104,260,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_989_eus-gaap--RealEstateInvestmentPropertyAccumulatedDepreciation_iNI_pp0p0_di_c20250630_zR8xJAOPZlEe" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accumulated Depreciation">(70,477,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--RealEstateInvestmentPropertyNet_iI_pp0p0_c20250630_zNsytTYZFGR2" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Net Book Value">33,783,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

1124000

1805000

1749000

56000

41065000

34651000

6414000

62054000

36783000

25271000

106048000

73183000

32865000

1124000

1805000

1665000

140000

41195000

33248000

7947000

60136000

35564000

24572000

104260000

70477000

33783000

P3Y

P7Y

P15Y

P39Y

2705000

2655000

<p id="xdx_80A_eus-gaap--InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_ztzaLgewWcX6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">NOTE 5 - INVESTMENT IN MARKETABLE SECURITIES, NET The Company’s investment in marketable securities consists primarily of corporate equity securities. The Company has also periodically invested in income-producing securities, which may include interests in real estate-based companies and REITs, where financial benefit could transfer to its shareholders through income and/or capital gain. As of March 31, 2026, and June 30, 2025, all the Company’s marketable equity securities are measured at fair value with changes recognized in earnings (ASC 321). The changes in unrealized gains and losses on these investments are included in earnings. The portfolio is held in a brokerage account and may be subject to margin; see Note 2 for amounts “net of margin balances.” SCHEDULE OF TRADING SECURITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Gross</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Gross</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Net</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left">Investment</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Cost</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Unrealized Gain</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Unrealized Loss</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Unrealized Gain</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Fair Value</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">As of March 31, 2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Corporate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35%; padding-bottom: 2.5pt">Equities</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--TradingSecuritiesDebtAmortizedCost_iI_c20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z1Et3U75uWya" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Cost">112,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--DebtSecuritiesTradingUnrealizedGain_pp0p0_c20250701__20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zfouxlQ5OQj9" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Gross Unrealized Gain">27,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--DebtSecuritiesTradingUnrealizedLoss_iN_pp0p0_di_c20250701__20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z1R0b31d0xzc" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Gross Unrealized Loss">-</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--DebtSecuritiesTradingUnrealizedGainLoss_pp0p0_c20250701__20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zcpoqTxCTgl1" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Net Unrealized Gain">27,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--TradingSecuritiesDebt_iI_c20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zyAhoecwKVA7" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Fair Value">139,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">As of June 30, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Corporate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Equities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--TradingSecuritiesDebtAmortizedCost_iI_c20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zfAhUYIJY7r8" style="border-bottom: Black 2.5pt double; text-align: right" title="Cost">112,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--DebtSecuritiesTradingUnrealizedGain_pp0p0_c20240701__20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z04AmmVgJR42" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Unrealized Gain">15,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--DebtSecuritiesTradingUnrealizedLoss_iN_pp0p0_di_c20240701__20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z5lpiQW4h6H9" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Unrealized Loss">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--DebtSecuritiesTradingUnrealizedGainLoss_pp0p0_c20240701__20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zGelhXLMpxmk" style="border-bottom: Black 2.5pt double; text-align: right" title="Net Unrealized Gain">15,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--TradingSecuritiesDebt_iI_c20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zu1rq23jSEsk" style="border-bottom: Black 2.5pt double; text-align: right" title="Fair Value">127,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Net (loss) gain on marketable securities on the condensed consolidated statements of operations is comprised of both realized and unrealized gains (losses). The breakdown of these components for the three and nine months ended March 31, 2026 and 2025 is as follows: SCHEDULE OF NET (LOSS) GAIN ON MARKETABLE SECURITIES COMPRISING OF REALIZED AND UNREALIZED LOSSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the three months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260101__20260331_zUtc8cQmH4Jd" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20250331_z497fXN12N2b" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments_maMSGLIz6ir_zlwdnNWan5Cf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Realized loss on marketable securities, net</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(25,000</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--MarketableSecuritiesUnrealizedGainLoss_maMSGLIz6ir_zDhJjGGsf4Li" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Unrealized loss on marketable securities, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments_iT_mtMSGLIz6ir_zhLCayT2gwc8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss on marketable securities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(34,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the nine months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250701__20260331_z7wlannPJPM5" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20240701__20250331_zxPnm9NTd8f9" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments_maMSGLIz6ir_z490ojgW9k6e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Realized loss on marketable securities, net</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(11,000</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--MarketableSecuritiesUnrealizedGainLoss_maMSGLIz6ir_zOg3GofnTF03" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Unrealized gain (loss) on marketable securities, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(15,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments_iT_mtMSGLIz6ir_zxs5RYpjMHNe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net gain (loss) on marketable securities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(26,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

As of March 31, 2026, and June 30, 2025, all the Company’s marketable equity securities are measured at fair value with changes recognized in earnings (ASC 321). The changes in unrealized gains and losses on these investments are included in earnings. The portfolio is held in a brokerage account and may be subject to margin; see Note 2 for amounts “net of margin balances.” SCHEDULE OF TRADING SECURITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Gross</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Gross</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">Net</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"> </td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left">Investment</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Cost</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Unrealized Gain</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Unrealized Loss</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Unrealized Gain</td><td style="text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Fair Value</td><td style="text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">As of March 31, 2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Corporate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35%; padding-bottom: 2.5pt">Equities</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--TradingSecuritiesDebtAmortizedCost_iI_c20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z1Et3U75uWya" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Cost">112,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--DebtSecuritiesTradingUnrealizedGain_pp0p0_c20250701__20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zfouxlQ5OQj9" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Gross Unrealized Gain">27,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--DebtSecuritiesTradingUnrealizedLoss_iN_pp0p0_di_c20250701__20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z1R0b31d0xzc" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Gross Unrealized Loss">-</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--DebtSecuritiesTradingUnrealizedGainLoss_pp0p0_c20250701__20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zcpoqTxCTgl1" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Net Unrealized Gain">27,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--TradingSecuritiesDebt_iI_c20260331__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zyAhoecwKVA7" style="border-bottom: Black 2.5pt double; width: 9%; text-align: right" title="Fair Value">139,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">As of June 30, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Corporate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Equities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--TradingSecuritiesDebtAmortizedCost_iI_c20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zfAhUYIJY7r8" style="border-bottom: Black 2.5pt double; text-align: right" title="Cost">112,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--DebtSecuritiesTradingUnrealizedGain_pp0p0_c20240701__20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z04AmmVgJR42" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Unrealized Gain">15,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--DebtSecuritiesTradingUnrealizedLoss_iN_pp0p0_di_c20240701__20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_z5lpiQW4h6H9" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Unrealized Loss">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--DebtSecuritiesTradingUnrealizedGainLoss_pp0p0_c20240701__20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zGelhXLMpxmk" style="border-bottom: Black 2.5pt double; text-align: right" title="Net Unrealized Gain">15,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--TradingSecuritiesDebt_iI_c20250630__us-gaap--FinancialInstrumentAxis__us-gaap--EquitySecuritiesMember_zu1rq23jSEsk" style="border-bottom: Black 2.5pt double; text-align: right" title="Fair Value">127,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

112000

27000

139000

112000

15000

127000

Net (loss) gain on marketable securities on the condensed consolidated statements of operations is comprised of both realized and unrealized gains (losses). The breakdown of these components for the three and nine months ended March 31, 2026 and 2025 is as follows: SCHEDULE OF NET (LOSS) GAIN ON MARKETABLE SECURITIES COMPRISING OF REALIZED AND UNREALIZED LOSSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the three months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260101__20260331_zUtc8cQmH4Jd" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20250331_z497fXN12N2b" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments_maMSGLIz6ir_zlwdnNWan5Cf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Realized loss on marketable securities, net</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(25,000</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--MarketableSecuritiesUnrealizedGainLoss_maMSGLIz6ir_zDhJjGGsf4Li" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Unrealized loss on marketable securities, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments_iT_mtMSGLIz6ir_zhLCayT2gwc8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss on marketable securities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(34,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the nine months ended March 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250701__20260331_z7wlannPJPM5" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20240701__20250331_zxPnm9NTd8f9" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments_maMSGLIz6ir_z490ojgW9k6e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Realized loss on marketable securities, net</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(11,000</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--MarketableSecuritiesUnrealizedGainLoss_maMSGLIz6ir_zOg3GofnTF03" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Unrealized gain (loss) on marketable securities, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(15,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments_iT_mtMSGLIz6ir_zxs5RYpjMHNe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net gain (loss) on marketable securities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(26,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

-25000

-5000

-9000

-5000

-34000

-11000

12000

-15000

12000

-26000

NOTE 6 - FAIR VALUE MEASUREMENTS The carrying values of the Company’s financial instruments that are not required to be carried at fair value on a recurring basis approximate fair value due to their short maturities (i.e., accounts receivable, other assets, accounts payable and other liabilities, due to securities broker and obligations for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable). See Note 9 and Note 10 for additional information on these obligations. The assets measured at fair value on a recurring basis are as follows: SCHEDULE OF FAIR VALUE, ASSETS MEASURED ON RECURRING BASIS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20260331__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zolqYe9k1uD2" style="text-align: center; font-weight: bold">March 31, 2026</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_494_20250630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zZ8iWup9Cx44" style="text-align: center; font-weight: bold">June 30, 2025</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Total - Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Total - Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Investment in marketable securities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--TradingSecurities_iI_pp0p0_hus-gaap--FinancialInstrumentAxis__custom--REITsAndRealEstateCompaniesMember_zM2AeOPJCbXa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 52%; text-align: left; padding-bottom: 2.5pt">REITs and real estate companies</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 20%; text-align: right">139,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 20%; text-align: right">127,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--TradingSecurities_iI_pp0p0_hus-gaap--FinancialInstrumentAxis__custom--REITsAndRealEstateCompaniesMember_zVvkBYjai5t" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Investment in marketable securities</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">139,000</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">127,000</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Recurring fair value measurements include the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Marketable equity securities (Level 1): Quoted prices in active markets for identical assets.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Interest rate cap (Level 2): Valued using observable inputs including forward Term SOFR curves and implied volatilities from third-party pricing services; incorporates counterparty nonperformance risk where applicable.</td></tr></table> In March 2025, the Company, through its affiliate Justice Operating Company, LLC, entered into an interest rate cap agreement (the “Interest Rate Cap”) with Goldman Sachs Bank USA in connection with a variable-rate mortgage loan. The Interest Rate Cap limits Term SOFR to <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_c20250331__us-gaap--DebtInstrumentAxis__custom--MortgageLoanMember__us-gaap--TypeOfArrangementAxis__custom--InterestRateCapAgreementMember_zzhGl83dQaxa" title="Interest rate">4.50% and has a notional amount equal to or greater than the outstanding principal balance of the loan. The Company paid a premium of approximately $<span id="xdx_903_eus-gaap--DerivativePremiumPaid_iI_c20250331__us-gaap--DebtInstrumentAxis__custom--MortgageLoanMember__us-gaap--TypeOfArrangementAxis__custom--InterestRateCapAgreementMember_zQ3IA6xDMC55" title="Debt premium paid">136,000 at inception. Changes in the fair value of the Interest Rate Cap are recorded in Other Income (Expense) in the condensed consolidated statements of operations. The Interest Rate Cap is not designated as a hedging instrument under ASC 815 and is accounted for at fair value, with changes in fair value recognized in earnings each reporting period. The Interest Rate Cap is classified as a Level 2 within the ASC 820 fair value hierarchy (See Note 10). The following table summarizes the fair value of the derivative instrument as of March 31, 2026: SCHEDULE OF DERIVATIVE INSTRUMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derivative Type</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Notional Amount</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balance Sheet Classification</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value Hierarchy</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 15%">Interest Rate</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--DerivativeNotionalAmount_iI_c20260331__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateCapMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zhP4kTHYB0W3" style="width: 17%; text-align: right" title="Derivative notional amount">67,000,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="text-align: center; width: 24%">Other Assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--DerivativeFairValueOfDerivativeNet_iI_c20260331__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateCapMember__us-gaap--StatementOfFinancialPositionLocationBalanceAxis__us-gaap--OtherAssets__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zDACpcT5M3D8" style="width: 14%; text-align: right" title="Derivative fair value">23,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="text-align: justify; width: 18%">Level 2</td></tr> </table> The Company did not record any material nonrecurring fair value measurements (e.g., long-lived asset impairments) during the nine months ended March 31, 2026 or 2025. See Note 4 for discussion of long-lived assets. There have been no material changes to the Company’s fair value measurement methodologies or classification of instruments during the periods presented, and there were no transfers between levels 1, 2, and 3 during the nine months ended March 31, 2026 or 2025.

The assets measured at fair value on a recurring basis are as follows: SCHEDULE OF FAIR VALUE, ASSETS MEASURED ON RECURRING BASIS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20260331__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zolqYe9k1uD2" style="text-align: center; font-weight: bold">March 31, 2026</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_494_20250630__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zZ8iWup9Cx44" style="text-align: center; font-weight: bold">June 30, 2025</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Total - Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Total - Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Investment in marketable securities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--TradingSecurities_iI_pp0p0_hus-gaap--FinancialInstrumentAxis__custom--REITsAndRealEstateCompaniesMember_zM2AeOPJCbXa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 52%; text-align: left; padding-bottom: 2.5pt">REITs and real estate companies</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 20%; text-align: right">139,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 20%; text-align: right">127,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--TradingSecurities_iI_pp0p0_hus-gaap--FinancialInstrumentAxis__custom--REITsAndRealEstateCompaniesMember_zVvkBYjai5t" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Investment in marketable securities</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">139,000</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">127,000</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

139000

127000

139000

127000

0.0450

136000

The following table summarizes the fair value of the derivative instrument as of March 31, 2026: SCHEDULE OF DERIVATIVE INSTRUMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derivative Type</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Notional Amount</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balance Sheet Classification</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value Hierarchy</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 15%">Interest Rate</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--DerivativeNotionalAmount_iI_c20260331__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateCapMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zhP4kTHYB0W3" style="width: 17%; text-align: right" title="Derivative notional amount">67,000,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="text-align: center; width: 24%">Other Assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--DerivativeFairValueOfDerivativeNet_iI_c20260331__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateCapMember__us-gaap--StatementOfFinancialPositionLocationBalanceAxis__us-gaap--OtherAssets__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zDACpcT5M3D8" style="width: 14%; text-align: right" title="Derivative fair value">23,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="text-align: justify; width: 18%">Level 2</td></tr> </table>

67000000

23000

NOTE 7 – CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows: SCHEDULE OF CASH EQUIVALENTS AND RESTRICTED CASH <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260331_zcevR2azmQja" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250630_zKGgN8dYLtNi" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_maCCERCzcOu_zMBt7CO3MFs9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 60%; text-align: left">Cash and cash equivalents</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">5,849,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,470,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--RestrictedCash_iI_maCCERCzcOu_zTJRZxMWBvvb" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Restricted cash</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,955,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,252,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_iTI_mtCCERCzcOu_zWTMS1zpOvZb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">11,804,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">11,722,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Cash and cash equivalents include cash on hand and highly liquid investments with original maturities of three months or less at the date of purchase. Amounts are recorded within “cash and cash equivalents” on the condensed consolidated balance sheets. Restricted cash consists primarily of funds held in lender-controlled accounts (lockbox/cash-management structure) related to the Hotel’s mortgage and mezzanine financing, including escrows and reserves for real estate taxes and insurance, replacement/FF&E and capital additions, and other amounts required by the loan agreements. Restricted cash is presented within current or noncurrent assets on the condensed consolidated balance sheets based on the expected timing of use, when applicable. See Note 10 – Mortgage Notes Payable and Mezzanine Financing for additional information about the cash-management/lockbox provisions. Accordingly, the total of cash, cash equivalents and restricted cash presented in the condensed consolidated statements of cash flows equals the sum of cash and cash equivalents and restricted cash presented in the condensed consolidated balance sheets.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows: SCHEDULE OF CASH EQUIVALENTS AND RESTRICTED CASH <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20260331_zcevR2azmQja" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250630_zKGgN8dYLtNi" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_maCCERCzcOu_zMBt7CO3MFs9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 60%; text-align: left">Cash and cash equivalents</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">5,849,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,470,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--RestrictedCash_iI_maCCERCzcOu_zTJRZxMWBvvb" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Restricted cash</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,955,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,252,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_iTI_mtCCERCzcOu_zWTMS1zpOvZb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">11,804,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">11,722,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

5849000

4470000

5955000

7252000

11804000

11722000

NOTE 8 - SEGMENT INFORMATION The Company operates in two reportable segments, the operation of the Hotel (“Hotel Operations”) and the investment of its cash in marketable securities and other investments (“Investment Transactions”). These two operating segments, as presented in the condensed consolidated financial statements, reflect how management internally reviews each segment’s performance. Corporate expenses that are not allocated to segments are presented in “Corporate”. The chief operating decision maker (“CODM”) is a group of senior executives who collectively use segment income (loss) before interest expense, gain on extinguishment of debt, depreciation and amortization, and income taxes as the primary measure reviewed for evaluating performance and allocating resources. The significant expense categories regularly provided for Hotel operations include labor and related benefits, utilities, repairs and maintenance, marketing, and general and administrative costs. These expenses are included in “Segment operating expenses” in the table below. Information below represents reporting segments for the three and nine months ended March 31, 2026 and 2025, respectively. SCHEDULE OF SEGMENT REPORTING INFORMATION, BY SEGMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the three months</td><td> </td> <td colspan="2" id="xdx_498_20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_z5Zf3lDpQoH" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_498_20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zYyvEoOFOnZa" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_49E_20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zuhkKO9ufb17"> </td><td> </td><td> </td> <td colspan="2" id="xdx_490_20260101__20260331_zp70iK9psdC8"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_z0jKJUSiDEu9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">16,497,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">16,497,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingExpenses_iN_pp0p0_di_ztGpOhoGFGX9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,120,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,120,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_ecustom--Utilities_iN_pp0p0_di_zFUiXt6a8mb7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(496,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(496,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_ecustom--RealEstateTaxes_iN_pp0p0_di_zN4aKgMjfCZ7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(540,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(540,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--Insurance_iN_pp0p0_di_z6QS2WV5QW16" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(218,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(218,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_ecustom--GeneralAndAdministrative_iN_pp0p0_di_zuwqJIcVTdG1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(267,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(267,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zgdzqi0oP091" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment income (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,123,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(267,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,856,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zykceAuCLuSb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,476,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,476,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zaFdyse4dtW4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(846,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(846,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zyLqZlemFsjc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(917,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(917,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_z4DVeA1uYW67" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Gain on extinguishment of debt</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_zZVYPzWR6a09" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Loss from investments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(46,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(46,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zM1KCTxdKR76" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Income tax expense</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_zjGSkoTwNR4i" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net income (loss)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">884,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(46,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(267,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">571,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--Assets_iE_pp0p0_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zccwBnxj4yRg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,307,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eus-gaap--Assets_iE_pp0p0_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zDZNdojZoULc" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">139,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--Assets_iE_pp0p0_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zEsxPJF5G8Gc" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">166,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--Assets_iE_pp0p0_c20260101__20260331_zfQ3eeazSSF8" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,612,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the three months</td><td> </td> <td colspan="2" id="xdx_49E_20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zhudjfJg1Lhd" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_498_20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zgUQmbbqc4s" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_492_20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zuxhKN2f6wT4"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49B_20250101__20250331_zeOx5mslGZB3"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zDVJLmeOSxZg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">12,210,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">12,210,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpenses_iN_pp0p0_di_zwDPEv5ujCq6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,587,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,587,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--Utilities_iN_pp0p0_di_z8ey1yodHU1g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(398,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(398,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--RealEstateTaxes_iN_pp0p0_di_zk7lui22ephi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(478,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(478,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--Insurance_iN_pp0p0_di_ziPy9zsojInc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(222,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(222,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--GeneralAndAdministrative_iN_pp0p0_di_zxnJDm68XQqa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(387,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(387,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zt2W8c7NR9G4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment icome (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(387,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,138,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zm2CSHvVPF0c" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,459,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,459,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zruYKmWXHage" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(861,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(861,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zx6ggabGTnGd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(874,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(874,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_zCFQtEbfbI2a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain on extinguishment of debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_zgos77wSujbf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Loss from investments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(72,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(72,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_zeuywCgEPX72" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(253,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(72,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(387,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(712,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_iE_pp0p0_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_z6Cc585y4hAf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,099,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--Assets_iE_pp0p0_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zoVhi6LfBfIg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">99,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_iE_pp0p0_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zibQj1Xsp3ej" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">167,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--Assets_iE_pp0p0_c20250101__20250331_zTHephzzTyAg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,365,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the nine months</td><td> </td> <td colspan="2" id="xdx_49D_20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_z0IICC1qkD48" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_497_20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zZLleS7v8YT" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_49C_20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zAErqcfotaMk"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49A_20250701__20260331_zt9ZvFFoT2fh"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_z4SUyYDonxm4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">41,576,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">41,576,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpenses_iN_pp0p0_di_z3bcVsv86eTf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,495,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,495,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--Utilities_iN_pp0p0_di_zjbZuHePHHvl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,439,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,439,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--RealEstateTaxes_iN_pp0p0_di_z4gDkqNzjkbh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,620,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,620,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--Insurance_iN_pp0p0_di_zv69CHPWRcCe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(728,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(728,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--GeneralAndAdministrative_iN_pp0p0_di_z4xifWkOdEAj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(849,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(849,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zYGEzOYMV6He" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment income (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,294,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(849,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,445,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zEIgPtcqX9W1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,354,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,354,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zWnB5kUVYJg7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,582,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,582,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zdVmmnoBiQU2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,705,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,705,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z64X1OXvpREh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(108,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(108,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zwVtA4HKguG6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_ztFtxLtMTloe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Net loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(3,347,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(108,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(850,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(4,305,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--Assets_iE_pp0p0_c20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zgG5ZZGs1D16" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,307,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--Assets_iE_pp0p0_c20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zNq4p5imysTf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">139,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--Assets_iE_pp0p0_c20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_z4HtcP6bw3U7" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">166,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--Assets_iE_pp0p0_c20250701__20260331_zhqOQse0Pgc3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,612,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the nine months</td><td> </td> <td colspan="2" id="xdx_49D_20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zbXCp7R2rSul" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_493_20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zTtmJaRzzE63" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_497_20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_znAkkcipMEW7"> </td><td> </td><td> </td> <td colspan="2" id="xdx_495_20240701__20250331_zoSRa6Bpzot2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zTyXs6AOrxp1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">33,995,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">33,995,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpenses_iN_pp0p0_di_zwTS1kpDdg0j" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,039,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,039,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--Utilities_iN_pp0p0_di_zuuItpWZ2ubi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,415,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,415,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--RealEstateTaxes_iN_pp0p0_di_z1XHsQBlX4ab" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,434,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,434,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--Insurance_iN_pp0p0_di_zJ5oxXCXNnM1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(644,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(644,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--GeneralAndAdministrative_iN_pp0p0_di_zQSdHPqEhWsc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,038,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,038,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zBhgg7xTWTSi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment income (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,463,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,038,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,425,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zuZvkanjolul" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,128,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,128,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zvZ6TNLhcwr9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,542,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,542,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zqGPsTaaoSH4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,655,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,655,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_zQfGeFn2hzV3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain on extinguishment of debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_zv7qdwu1GDof" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss from investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(135,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(135,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zCVgWyBizTJh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_zp8CJOH0Tfxk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5,446,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(135,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,039,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(6,620,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_iE_pp0p0_c20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zH0W2xg3fgPa" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,099,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--Assets_iE_pp0p0_c20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zXWObAw3yDli" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">99,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--Assets_iE_pp0p0_c20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zv8OJS1ekwbj" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">167,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--Assets_iE_pp0p0_c20240701__20250331_zQrH70sRGq3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,365,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

SCHEDULE OF SEGMENT REPORTING INFORMATION, BY SEGMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the three months</td><td> </td> <td colspan="2" id="xdx_498_20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_z5Zf3lDpQoH" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_498_20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zYyvEoOFOnZa" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_49E_20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zuhkKO9ufb17"> </td><td> </td><td> </td> <td colspan="2" id="xdx_490_20260101__20260331_zp70iK9psdC8"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_z0jKJUSiDEu9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">16,497,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">16,497,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingExpenses_iN_pp0p0_di_ztGpOhoGFGX9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,120,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,120,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_ecustom--Utilities_iN_pp0p0_di_zFUiXt6a8mb7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(496,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(496,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_ecustom--RealEstateTaxes_iN_pp0p0_di_zN4aKgMjfCZ7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(540,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(540,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--Insurance_iN_pp0p0_di_z6QS2WV5QW16" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(218,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(218,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_ecustom--GeneralAndAdministrative_iN_pp0p0_di_zuwqJIcVTdG1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(267,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(267,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zgdzqi0oP091" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment income (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,123,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(267,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,856,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zykceAuCLuSb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,476,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,476,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zaFdyse4dtW4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(846,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(846,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zyLqZlemFsjc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(917,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(917,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_z4DVeA1uYW67" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Gain on extinguishment of debt</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_zZVYPzWR6a09" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Loss from investments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(46,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(46,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zM1KCTxdKR76" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Income tax expense</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_zjGSkoTwNR4i" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net income (loss)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">884,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(46,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(267,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">571,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--Assets_iE_pp0p0_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zccwBnxj4yRg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,307,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eus-gaap--Assets_iE_pp0p0_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zDZNdojZoULc" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">139,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--Assets_iE_pp0p0_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zEsxPJF5G8Gc" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">166,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--Assets_iE_pp0p0_c20260101__20260331_zfQ3eeazSSF8" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,612,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the three months</td><td> </td> <td colspan="2" id="xdx_49E_20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zhudjfJg1Lhd" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_498_20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zgUQmbbqc4s" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_492_20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zuxhKN2f6wT4"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49B_20250101__20250331_zeOx5mslGZB3"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zDVJLmeOSxZg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">12,210,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">12,210,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpenses_iN_pp0p0_di_zwDPEv5ujCq6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,587,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,587,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--Utilities_iN_pp0p0_di_z8ey1yodHU1g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(398,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(398,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--RealEstateTaxes_iN_pp0p0_di_zk7lui22ephi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(478,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(478,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--Insurance_iN_pp0p0_di_ziPy9zsojInc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(222,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(222,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--GeneralAndAdministrative_iN_pp0p0_di_zxnJDm68XQqa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(387,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(387,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zt2W8c7NR9G4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment icome (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(387,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,138,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zm2CSHvVPF0c" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,459,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,459,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zruYKmWXHage" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(861,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(861,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zx6ggabGTnGd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(874,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(874,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_zCFQtEbfbI2a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain on extinguishment of debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_zgos77wSujbf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Loss from investments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(72,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(72,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_zeuywCgEPX72" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(253,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(72,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(387,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(712,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_iE_pp0p0_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_z6Cc585y4hAf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,099,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--Assets_iE_pp0p0_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zoVhi6LfBfIg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">99,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_iE_pp0p0_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zibQj1Xsp3ej" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">167,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--Assets_iE_pp0p0_c20250101__20250331_zTHephzzTyAg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,365,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the nine months</td><td> </td> <td colspan="2" id="xdx_49D_20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_z0IICC1qkD48" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_497_20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zZLleS7v8YT" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_49C_20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zAErqcfotaMk"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49A_20250701__20260331_zt9ZvFFoT2fh"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_z4SUyYDonxm4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">41,576,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">41,576,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpenses_iN_pp0p0_di_z3bcVsv86eTf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,495,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,495,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--Utilities_iN_pp0p0_di_zjbZuHePHHvl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,439,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,439,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--RealEstateTaxes_iN_pp0p0_di_z4gDkqNzjkbh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,620,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,620,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--Insurance_iN_pp0p0_di_zv69CHPWRcCe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(728,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(728,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--GeneralAndAdministrative_iN_pp0p0_di_z4xifWkOdEAj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(849,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(849,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zYGEzOYMV6He" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment income (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,294,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(849,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,445,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zEIgPtcqX9W1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,354,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,354,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zWnB5kUVYJg7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,582,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,582,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zdVmmnoBiQU2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,705,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,705,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_z64X1OXvpREh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(108,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(108,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zwVtA4HKguG6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_ztFtxLtMTloe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Net loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(3,347,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(108,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(850,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(4,305,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--Assets_iE_pp0p0_c20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zgG5ZZGs1D16" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,307,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--Assets_iE_pp0p0_c20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zNq4p5imysTf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">139,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--Assets_iE_pp0p0_c20250701__20260331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_z4HtcP6bw3U7" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">166,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--Assets_iE_pp0p0_c20250701__20260331_zhqOQse0Pgc3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">46,612,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">As of and for the nine months</td><td> </td> <td colspan="2" id="xdx_49D_20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zbXCp7R2rSul" style="text-align: center">Hotel</td><td> </td><td> </td> <td colspan="2" id="xdx_493_20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zTtmJaRzzE63" style="text-align: center">Investment</td><td> </td><td> </td> <td colspan="2" id="xdx_497_20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_znAkkcipMEW7"> </td><td> </td><td> </td> <td colspan="2" id="xdx_495_20240701__20250331_zoSRa6Bpzot2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">ended March 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Operations</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Corporate</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zTyXs6AOrxp1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">33,995,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">33,995,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpenses_iN_pp0p0_di_zwTS1kpDdg0j" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,039,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,039,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--Utilities_iN_pp0p0_di_zuuItpWZ2ubi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,415,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,415,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--RealEstateTaxes_iN_pp0p0_di_z1XHsQBlX4ab" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real estate taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,434,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,434,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--Insurance_iN_pp0p0_di_zJ5oxXCXNnM1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(644,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(644,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--GeneralAndAdministrative_iN_pp0p0_di_zQSdHPqEhWsc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General & administrative</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,038,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,038,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_ecustom--SegmentOperatingIncomeLoss_zBhgg7xTWTSi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Segment income (loss)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,463,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,038,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,425,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--InterestExpenseDebt_iN_pp0p0_di_zuZvkanjolul" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense - mortgage</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,128,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,128,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--InterestExpense_iN_pp0p0_di_zvZ6TNLhcwr9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense - related party</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,542,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,542,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--DepreciationAndAmortization_iN_pp0p0_di_zqGPsTaaoSH4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,655,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,655,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainsLossesOnExtinguishmentOfDebt_zQfGeFn2hzV3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain on extinguishment of debt</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,416,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeLossFromEquityMethodInvestments_zv7qdwu1GDof" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss from investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(135,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(135,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zCVgWyBizTJh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_zp8CJOH0Tfxk" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(5,446,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(135,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,039,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(6,620,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--Assets_iE_pp0p0_c20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--HotelOperationsMember_zH0W2xg3fgPa" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,099,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--Assets_iE_pp0p0_c20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--InvestmentTransactionsMember_zXWObAw3yDli" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">99,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--Assets_iE_pp0p0_c20240701__20250331__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateMember_zv8OJS1ekwbj" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">167,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--Assets_iE_pp0p0_c20240701__20250331_zQrH70sRGq3" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets">45,365,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

16497000

10120000

496000 496000 540000 540000 218000 218000 267000 267000 5123000 -267000 4856000

2476000

846000

917000

-46000

884000

-46000

-267000

571000

46307000

139000

166000

46612000

12210000

8587000

398000 398000 478000 478000 222000 222000 387000 387000 2525000 -387000 2138000

2459000

861000

874000

1416000

-72000

-253000

-72000

-387000

-712000

45099000

99000

167000

45365000

41576000

28495000

1439000 1439000 1620000 1620000 728000 728000 849000 849000 9294000 -849000 8445000

7354000

2582000

2705000

-108000

1000

-3347000

-108000

-850000

-4305000

46307000

139000

166000

46612000

33995000

24039000

1415000 1415000 1434000 1434000 644000 644000 1038000 1038000 6463000 -1038000 5425000

8128000

2542000

2655000

1416000

-135000

1000

-5446000

-135000

-1039000

-6620000

45099000

99000

167000

45365000

NOTE 9 - RELATED PARTY AND OTHER FINANCING TRANSACTIONS The following summarizes the balances of related party and other notes payable as of March 31, 2026 and June 30, 2025, respectively: SCHEDULE OF RELATED PARTY AND OTHER NOTES PAYABLE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260331_z3Z4xL60QZZ8" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250630_zPTXH2uGgax2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_ecustom--NotesPayableAndOtherNotePayable_iI_pp0p0_hdei--LegalEntityAxis__custom--RelatedPartyNotePayableInterGroupMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zBVpOSs92cjl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Note payable - InterGroup</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">38,108,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">38,108,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--NotesPayableAndOtherNotePayable_iI_pp0p0_hdei--LegalEntityAxis__custom--OtherNotePayableHiltonMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zrlcugkRyJtb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Note payable - Hilton</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,346,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,583,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--NotesPayableAndOtherNotePayable_iI_pp0p0_hdei--LegalEntityAxis__custom--OtherNotePayableAimbridgeMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zaO4O7uk5SJ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Note payable - Aimbridge</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">208,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--NotesPayableAndOtherNotePayable_iI_hus-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_z7yHVQCTeQx6" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Total related party and other notes payable</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,662,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">40,087,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> InterGroup Revolving Credit Facility (Related Party) On July 2, 2014, the Company (through its predecessor structure) secured an unsecured loan from The InterGroup Corporation (“InterGroup”), a related party, in the principal amount of $4,250,000, bearing a fixed annual interest rate of <span id="xdx_903_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20140702__us-gaap--LongtermDebtTypeAxis__us-gaap--UnsecuredDebtMember_zFZNtWxGh57l" title="Debt instrument, interest rate, stated percentage">12%, with no monthly principal or interest payments required prior to maturity. InterGroup also received a loan fee equal to 3% of the principal. The loan was prepayable at any time without penalty and was extended through July 31, 2023. On December 16, 2020, the borrowing capacity was increased to $10,000,000. On December 31, 2021, following dissolution of the Partnership, Portsmouth assumed the outstanding obligation and its borrowing limit increased to $16,000,000. In July 2023, maturity was extended to July 31, 2025, and capacity increased to $20,000,000 (<span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_uPure_c20230731__us-gaap--LongtermDebtTypeAxis__us-gaap--UnsecuredDebtMember_zGcW1ayDMrbf" title="Debt instrument, interest rate, stated percentage">0.5% modification fee). In March 2024, capacity increased to $30,000,000 (additional <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_uPure_c20240331__us-gaap--LongtermDebtTypeAxis__us-gaap--UnsecuredDebtMember_zONSJjFlE2ng" title="Debt instrument, interest rate, stated percentage">0.5% modification fee on the incremental $10,000,000). In March 2025, capacity increased to $40,000,000 and maturity was extended to July 31, 2027. In May 2025, the interest rate was reduced to <span id="xdx_90E_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20250531__us-gaap--LongtermDebtTypeAxis__us-gaap--UnsecuredDebtMember_zn22AGxrqKsg" title="Debt instrument interest rate, percentage">9%. Principal and accrued interest are due at maturity; no monthly principal or interest payments are required prior to that date. As of March 31, 2026, the outstanding balance was $38,108,000. To date, the Company has not made any principal repayments on this note payable. See Note 2 – Liquidity for a summary. See Note 10 – Mortgage Notes Payable and Mezzanine Financing for the cash-management/lockbox provisions related to the Hotel financing. Hilton Development Incentive (Other Financing) The note payable to Hilton (the franchisor) is a self-exhausting, interest-free development incentive that is reduced by approximately $<span id="xdx_907_eus-gaap--NotesReduction_pp0p0_c20250701__20260331__us-gaap--DebtInstrumentAxis__custom--InterestFreeDevelopmentIncentiveNoteMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HiltonMember_zJLbHDGlA0e6" title="Notes reduced">317,000 annually <span id="xdx_90C_eus-gaap--DebtInstrumentPaymentTerms_c20250701__20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HiltonMember__us-gaap--DebtInstrumentAxis__custom--InterestFreeDevelopmentIncentiveNoteMember_z4Mn3jkdEaIk" title="Debt instrument, payment terms">through January 2030 while the Company remains a Hilton franchisee. Hotel Management Key Money Under the February 1, 2017, Hotel Management Agreement (“HMA”) with Aimbridge Hospitality, Aimbridge advanced $2,000,000 of key money for capital improvements. The key money is amortized in equal monthly amounts over eight (8) years beginning on the second anniversary of the takeover date. The unamortized balance was $208,000 and $396,000 at March 31, 2026, and June 30, 2025, respectively, and is included in other notes payable in the condensed consolidated balance sheets. Future minimum principal payments for all related party and other financing transactions are as follows: SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">For the year ending June 30,</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_49E_20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember_zrhlOAzUkRQ2" style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_maLTDzPwJ_zA4SihP2B8yd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; width: 74%">2026 (3 months)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 22%; text-align: right">142,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_maLTDzPwJ_zQwFM2u2KxWc" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">463,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_maLTDzPwJ_zfa8CExxzxt2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,425,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_maLTDzPwJ_zy70Uz2uBHT" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">317,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_maLTDzPwJ_zdi4emH0kEy2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">315,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_maLTDzPwJ_zzSfqIEKrkm2" style="vertical-align: bottom; background-color: White"> <td style="text-align: center; padding-bottom: 1pt">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebt_iTI_mtLTDzPwJ_zJiLZKiddsU8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-bottom: 2.5pt">Total future minimum principal payments </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,662,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> As of March 31, 2026 and June 30, 2025, the Company had accounts payable to InterGroup of $<span id="xdx_90A_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zLskoJv0xNv3" title="Accounts payable to related party">20,144,000 and $<span id="xdx_904_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_c20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_z47ZNXOhipN8" title="Accounts payable to related party">16,634,000, respectively, representing accrued interest and certain shared costs and expenses, primarily general and administrative expenses, rent, insurance, and other expenses. Ownership and Governance As of March 31, 2026, InterGroup owned approximately <span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20260331__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--InterGroupCorporationMember_zQ90SvAYvt6" title="Ownership percentage">75.9% of the outstanding common shares of Portsmouth, and John V. Winfield owned approximately <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--JohnVWinfieldMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zYjliama3kP" title="Ownership percentage">2.5% of Portsmouth’s outstanding common shares. Mr. Winfield also serves as the President, Chairman of the Board and Chief Executive Officer of InterGroup and owns approximately <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--JohnVWinfieldMember__dei--LegalEntityAxis__custom--InterGroupCorporationMember_zDKDk9PYtVo5" title="Ownership percentage">68.8% of InterGroup’s outstanding common shares as of that date. At March 31, 2026, the members of Portsmouth’s Board of Directors — John V. Winfield, William J. Nance, Andrew J. Kaplan, Yvonne Murphy, and Steve Grunwald — also serve as directors of InterGroup. Mr. Winfield served as Managing Director of Justice until its dissolution in December 2021. The Company’s President David C. Gonzalez also serves as Chief Operating Officer of InterGroup. On January 6, 2026, John C. Love notified Portsmouth Square, Inc. of his resignation from the company’s Board of Directors, effective immediately. Mr. Love’s resignation was not the result of any disagreement with the company regarding its operations, policies, or practices. On the same date, the Company’s Board of Directors appointed Andrew Kaplan to serve as a director of the Company, effectively immediately. These matters were previously disclosed in a Current Report on Form 8-K filed by the Company on January 9, 2026. All related-party transactions are reviewed in accordance with the Company’s related-party transaction policy.

The following summarizes the balances of related party and other notes payable as of March 31, 2026 and June 30, 2025, respectively: SCHEDULE OF RELATED PARTY AND OTHER NOTES PAYABLE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260331_z3Z4xL60QZZ8" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250630_zPTXH2uGgax2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_ecustom--NotesPayableAndOtherNotePayable_iI_pp0p0_hdei--LegalEntityAxis__custom--RelatedPartyNotePayableInterGroupMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zBVpOSs92cjl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Note payable - InterGroup</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">38,108,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">38,108,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--NotesPayableAndOtherNotePayable_iI_pp0p0_hdei--LegalEntityAxis__custom--OtherNotePayableHiltonMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zrlcugkRyJtb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Note payable - Hilton</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,346,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,583,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--NotesPayableAndOtherNotePayable_iI_pp0p0_hdei--LegalEntityAxis__custom--OtherNotePayableAimbridgeMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zaO4O7uk5SJ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Note payable - Aimbridge</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">208,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--NotesPayableAndOtherNotePayable_iI_hus-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_z7yHVQCTeQx6" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Total related party and other notes payable</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,662,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">40,087,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

38108000 38108000 1346000 1583000 208000 396000 39662000 40087000

4250000

0.12

0.03

10000000

16000000

2025-07-31

20000000

0.005

30000000

0.005

10000000

40000000

2027-07-31

0.09

38108000

317000

through January 2030

2000000

P8Y

208000

396000

Future minimum principal payments for all related party and other financing transactions are as follows: SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">For the year ending June 30,</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_49E_20260331__us-gaap--LongtermDebtTypeAxis__custom--RelatedPartyNotesPayableMember_zrhlOAzUkRQ2" style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_iI_maLTDzPwJ_zA4SihP2B8yd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; width: 74%">2026 (3 months)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 22%; text-align: right">142,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_maLTDzPwJ_zQwFM2u2KxWc" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">463,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_maLTDzPwJ_zfa8CExxzxt2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,425,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_maLTDzPwJ_zy70Uz2uBHT" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">317,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_maLTDzPwJ_zdi4emH0kEy2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">315,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_iI_maLTDzPwJ_zzSfqIEKrkm2" style="vertical-align: bottom; background-color: White"> <td style="text-align: center; padding-bottom: 1pt">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebt_iTI_mtLTDzPwJ_zJiLZKiddsU8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-bottom: 2.5pt">Total future minimum principal payments </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,662,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

142000

463000

38425000

317000

315000

39662000

20144000

16634000

0.759

0.025

0.688

NOTE 10 – MORTGAGE NOTES PAYABLE AND MEZZANINE FINANCING See Note 1 (Going Concern) for management’s evaluation under ASC 205-40 and Note 9 – Related Party and Other Financing Transactions for the related-party credit facility with The InterGroup Corporation. The Company’s Annual Report on Form 10-K for the year ended June 30, 2025 and the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 include a detailed description of the Company’s prior senior mortgage and mezzanine loan, related forbearance agreements and default notices, and the refinancing completed on March 28, 2025. There were no material changes to the terms of the Company’s senior mortgage and mezzanine financing arrangements during the quarter ended March 31, 2026. Senior Mortgage and Mezzanine Financing (Current Facilities) On March 28, 2025, the Company refinanced the senior mortgage and amended and restated the mezzanine loan, fully retiring the prior facilities. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Senior Mortgage (Prime Finance): The Company, through Justice Operating Company, LLC (“Operating”), entered into a $67,000,000 <span id="xdx_907_eus-gaap--DebtInstrumentCovenantDescription_c20250328__20250328__us-gaap--TypeOfArrangementAxis__custom--MortgageLoanAgreementMember_zbz49F61M8Nj" title="Debt instrument covenant description">Mortgage Loan Agreement with Prime Finance (“Prime”). The loan bears interest at Term SOFR + 4.75% (with a Term SOFR cap of 4.50%) and is interest-only through maturity. The initial maturity date is April 9, 2027, with three one-year extension options subject to satisfaction of specified conditions. The loan is secured by the Hilton San Francisco Financial District (the “Hotel”). An interest rate cap was purchased at inception (premium approximately $136,000). See Note 6 for information regarding the interest rate cap.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Mezzanine Loan (CRED REIT Holdco LLC): Operating’s mezzanine lender executed an amended and restated mezzanine loan agreement in the principal amount of $36,300,000, bearing interest at a fixed rate of 7.25%, with maturity and potential extension terms matching the senior mortgage. The mezzanine loan is secured by the membership interest in Operating.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Guaranties and covenants: The loan agreements include customary covenants, representations and warranties, and events of default. Portsmouth provides a limited guaranty in connection with both facilities.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Status: As of March 31, 2026, the Company was current on required debt service and in compliance applicable covenants.</td></tr></table> Cash-Management/Lockbox and debt service coverage ratio (“DSCR”) Provisions The loan agreements include a lender-controlled cash-management/lockbox arrangement pursuant to which Hotel receipts are deposited into controlled accounts and disbursed in accordance with approved budgets and waterfall provisions. Distributions are subject to DSCR and other conditions specified in the Loan Agreements. These cash-management provisions remain in effect under the current facilities. Additional Information The Company’s Annual Report on Form 10-K for the year ended June 30, 2025 includes additional information regarding the terms of these arrangements.

67000000

Mortgage Loan Agreement with Prime Finance (“Prime”). The loan bears interest at Term SOFR + 4.75% (with a Term SOFR cap of 4.50%) and is interest-only through maturity. The initial maturity date is April 9, 2027, with three one-year extension options subject to satisfaction of specified conditions.

136000

36300000

0.0725

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 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260331_zhoS0OEJ3fY5" style="border-bottom: Black 1pt solid; font-weight: bold">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250630_zNNxEYYfeGDi" style="border-bottom: Black 1pt solid; font-weight: bold">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--AccountsPayableTradeCurrentAndNoncurrent_iI_maAPAALzzhx_zZ8w7HfQtn87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade payable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,393,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,944,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--AdvanceDeposits_iI_maAPAALzzhx_zicBsLs5PeE6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Advance deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">652,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">519,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--EmployeeRelatedLiabilitiesCurrentAndNoncurrent_iI_maAPAALzzhx_zBHxIS9U0uNd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Payroll and related accruals</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,395,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,975,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--MortgageInterestPayable_iI_maAPAALzzhx_zQ6nnqu5lfDc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mortgage interest payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,401,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,283,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--WithholdingAndOtherTaxesPayable_iI_maAPAALzzhx_zcReq3hAYK3l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Withholding and other taxes payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,136,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,597,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--FranchiseFeePayable_iI_maAPAALzzhx_zMOYlyqeede7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Franchise fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">410,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,649,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--ManagementFeePayable_iI_maAPAALzzhx_z71C1pFJeb1j" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Management fees payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">250,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">604,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableOtherCurrentAndNoncurrent_iI_maAPAALzzhx_zZEaFM5tOs68" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other payables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">306,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">229,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_iTI_mtAPAALzzhx_zNaCzTGdpKz7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Total accounts payable and other liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,943,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,800,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

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 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260331_zhoS0OEJ3fY5" style="border-bottom: Black 1pt solid; font-weight: bold">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250630_zNNxEYYfeGDi" style="border-bottom: Black 1pt solid; font-weight: bold">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--AccountsPayableTradeCurrentAndNoncurrent_iI_maAPAALzzhx_zZ8w7HfQtn87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade payable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,393,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,944,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--AdvanceDeposits_iI_maAPAALzzhx_zicBsLs5PeE6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Advance deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">652,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">519,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--EmployeeRelatedLiabilitiesCurrentAndNoncurrent_iI_maAPAALzzhx_zBHxIS9U0uNd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Payroll and related accruals</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,395,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,975,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--MortgageInterestPayable_iI_maAPAALzzhx_zQ6nnqu5lfDc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mortgage interest payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,401,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,283,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--WithholdingAndOtherTaxesPayable_iI_maAPAALzzhx_zcReq3hAYK3l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Withholding and other taxes payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,136,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,597,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--FranchiseFeePayable_iI_maAPAALzzhx_zMOYlyqeede7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Franchise fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">410,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,649,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--ManagementFeePayable_iI_maAPAALzzhx_z71C1pFJeb1j" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Management fees payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">250,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">604,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableOtherCurrentAndNoncurrent_iI_maAPAALzzhx_zZEaFM5tOs68" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other payables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">306,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">229,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_iTI_mtAPAALzzhx_zNaCzTGdpKz7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Total accounts payable and other liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,943,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">12,800,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

1393000

1944000

652000 519000

3395000

2975000

5401000 3283000 1136000 1597000 410000 1649000

250000

604000

306000

229000

12943000

12800000

NOTE 12 – SUBSEQUENT EVENTS The Company evaluated subsequent events through the date that the accompanying condensed consolidated financial statements were issued, and determined that no events occurred during the subsequent event evaluation period that require recognition or additional disclosure in the accompanying condensed consolidated financial statements. The evaluation period extended through the date of issuance, May 11, 2026.