v3.26.1
OTHER NOTES PAYABLE (Tables)
9 Months Ended
Mar. 31, 2026
Other Notes Payable  
SUMMARY OF OTHER NOTES PAYABLE

The following summarizes the balances of other notes payable as of March 31, 2026 and June 30, 2025, respectively:

  

As of 

March 31,

2026

  

June 30,

2025

 
Note payable - Hilton  $1,346,000   $1,583,000 
Note payable - Aimbridge   208,000    396,000 
Total other notes payable  $1,554,000   $1,979,000 
SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS

Future expected reductions of the carrying amounts of other notes payable (including amortization of the Aimbridge key money and the scheduled reductions of the Hilton development incentive) are as follows:

  

For the year ending June 30,    
2026 (3 months)  $142,000 
2027   463,000 
2028   317,000 
2029   317,000 
2030   315,000 
Thereafter   - 
Long term debt  $1,554,000