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

All long-lived assets and revenues are attributable to operations in the United States.

  

As of and for the three months ended  Hotel   Real Estate   Investment         
March 31, 2026  Operations   Operations   Transactions   Corporate   Total 
Revenues  $16,497,000   $3,875,000   $-   $-   $20,372,000 
Property operating expenses   (10,120,000)   (1,063,000)   -    -    (11,183,000)
Utilities   (496,000)   (344,000)   -    -    (840,000)
Real estate taxes   (540,000)   (579,000)   -    -    (1,119,000)
Insurance   (218,000)   (369,000)   -    -    (587,000)
General and administrative   -    -    -    (675,000)   (675,000)
Segment income (loss)   5,123,000    1,520,000    -    (675,000)   5,968,000 
Interest expense - mortgage   (2,476,000)   (717,000)   -    -    (3,193,000)
Depreciation and amortization expense   (941,000)   (767,000)   -    -    (1,708,000)
Gain on insurance recovery   -    124,000    -    -    124,000 
Loss from investments   -    -    (342,000)   -    (342,000)
Income tax expense   -    -    -    (254,000)   (254,000)
Net income (loss)  $1,706,000   $160,000   $(342,000)  $(929,000)  $595,000 
Total assets  $51,967,000   $43,507,000   $1,096,000   $6,938,000   $103,508,000 

 

As of and for the three months ended   Hotel    Real Estate    Investment           
March 31, 2025   Operations    Operations    Transactions    Corporate    Total 
Revenues  $12,210,000   $4,614,000   $-   $-   $16,824,000 
Property operating expenses   (8,587,000)   (1,029,000)   -    -    (9,616,000)
Utilities   (398,000)   (333,000)   -    -    (731,000)
Real estate taxes   (478,000)   (601,000)   -    -    (1,079,000)
Insurance   (222,000)   (468,000)   -    -    (690,000)
General and administrative   -    -    -    (707,000)   (707,000)
Segment income (loss)   2,525,000    2,183,000    -    (707,000)   4,001,000 
Interest expense - mortgage   (2,459,000)   (693,000)   -    -    (3,152,000)
Depreciation and amortization expense   (899,000)   (752,000)   -    -    (1,651,000)
Gain on extinguishment of debt   1,416,000    -    -    -    1,416,000 
Loss from investments   -    -    (1,379,000)   -    (1,379,000)
Income tax benefit   -    -    -    15,000    15,000 
Net income (loss)  $583,000   $738,000   $(1,379,000)  $(692,000)  $(750,000)
Total assets  $50,860,000   $46,635,000   $751,000   $4,995,000   $103,241,000 
 

As of and for the nine months ended  Hotel   Real Estate   Investment         
March 31, 2026  Operations   Operations   Transactions   Corporate   Total 
Revenues  $41,576,000   $14,010,000   $-   $-   $55,586,000 
Property operating expenses   (28,495,000)   (3,215,000)   -    -    (31,710,000)
Utilities   (1,439,000)   (1,020,000)   -    -    (2,459,000)
Real estate taxes   (1,620,000)   (1,732,000)   -    -    (3,352,000)
Insurance   (728,000)   (1,145,000)   -    -    (1,873,000)
General and administrative   -    -    -    (2,121,000)   (2,121,000)
Segment income (loss)   9,294,000    6,898,000    -    (2,121,000)   14,071,000 
Interest expense - mortgage   (7,354,000)   (2,253,000)   -    -    (9,607,000)
Depreciation and amortization expense   (2,780,000)   (2,284,000)   -    -    (5,064,000)
Gain from sale of real estate   -    3,508,000    -    -    3,508,000 
Gain on insurance recovery   -    124,000    -    -    124,000 
Loss from investments   -    -    (841,000)   -    (841,000)
Income tax expense   -    -    -    (1,793,000)   (1,793,000)
Net (loss) income  $(840,000)  $5,993,000   $(841,000)  $(3,914,000)  $398,000 
Total assets  $51,967,000   $43,507,000   $1,096,000   $6,938,000   $103,508,000 

 

As of and for the nine months ended   Hotel    Real Estate    Investment           
March 31, 2025   Operations    Operations    Transactions    Corporate    Total 
Revenues  $33,995,000   $14,176,000   $-   $-   $48,171,000 
Property operating expenses   (24,039,000)   (3,032,000)   -    -    (27,071,000)
Utilities   (1,415,000)   (1,012,000)   -    -    (2,427,000)
Real estate taxes   (1,434,000)   (1,709,000)   -    -    (3,143,000)
Insurance   (644,000)   (1,343,000)   -    -    (1,987,000)
General and administrative   -    -    -    (2,244,000)   (2,244,000)
Segment income (loss)   6,463,000    7,080,000    -    (2,244,000)   11,299,000 
Interest expense - mortgage   (8,128,000)   (2,068,000)   -    -    (10,196,000)
Depreciation and amortization expense   (2,731,000)   (2,236,000)   -    -    (4,967,000)
Gain on extinguishment of debt   1,416,000    -    -    -    1,416,000 
Loss from investments   -    -    (2,388,000)   -    (2,388,000)
Income tax expense   -    -    -    (463,000)   (463,000)
Net (loss) income  $(2,980,000)  $2,776,000   $(2,388,000)  $(2,707,000)  $(5,299,000)
Total assets  $50,860,000   $46,635,000   $751,000   $4,995,000   $103,241,000