v3.26.1
SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Segment Reporting [Line Items]                  
Revenues $ 20,372,000     $ 16,824,000     $ 55,586,000 $ 48,171,000  
Property operating expenses (16,112,000)     (14,474,000)     (46,579,000) (41,839,000)  
General and administrative (675,000)     (707,000)     (2,121,000) (2,244,000)  
Interest expense - mortgage (3,193,000)     (3,152,000)     (9,607,000) (10,196,000)  
Depreciation and amortization expense (1,708,000)     (1,651,000)     (5,064,000) (4,967,000)  
Gain on extinguishment of debt     1,416,000     1,416,000  
Gain from sale of real estate             3,508,000  
Gain on insurance recovery 124,000         124,000  
Income tax expense 254,000     (15,000)     1,793,000 463,000  
Net (loss) income 595,000 $ 962,000 $ (1,159,000) (750,000) $ (3,697,000) $ (852,000) 398,000 (5,299,000)  
Total assets 103,508,000           103,508,000   $ 104,101,000
Operating Segments [Member]                  
Segment Reporting [Line Items]                  
Revenues 20,372,000     16,824,000     55,586,000 48,171,000  
Property operating expenses (11,183,000)     (9,616,000)     (31,710,000) (27,071,000)  
Utilities (840,000)     (731,000)     (2,459,000) (2,427,000)  
Real estate taxes (1,119,000)     (1,079,000)     (3,352,000) (3,143,000)  
Insurance (587,000)     (690,000)     (1,873,000) (1,987,000)  
General and administrative (675,000)     (707,000)     (2,121,000) (2,244,000)  
Segment income (loss) 5,968,000     4,001,000     14,071,000 11,299,000  
Interest expense - mortgage (3,193,000)     (3,152,000)     (9,607,000) (10,196,000)  
Depreciation and amortization expense (1,708,000)     (1,651,000)     (5,064,000) (4,967,000)  
Gain on extinguishment of debt       1,416,000       1,416,000  
Gain from sale of real estate             3,508,000    
Gain on insurance recovery 124,000           124,000    
Loss from investments (342,000)     (1,379,000)     (841,000) (2,388,000)  
Income tax expense (254,000)     15,000     (1,793,000) (463,000)  
Net (loss) income 595,000     (750,000)     398,000 (5,299,000)  
Total assets 103,508,000     103,241,000     103,508,000 103,241,000  
Hotel Operations [Member]                  
Segment Reporting [Line Items]                  
Revenues 16,497,000     12,210,000     41,576,000 33,995,000  
Property operating expenses (10,120,000)     (8,587,000)     (28,495,000) (24,039,000)  
Utilities (496,000)     (398,000)     (1,439,000) (1,415,000)  
Real estate taxes (540,000)     (478,000)     (1,620,000) (1,434,000)  
Insurance (218,000)     (222,000)     (728,000) (644,000)  
General and administrative          
Segment income (loss) 5,123,000     2,525,000     9,294,000 6,463,000  
Interest expense - mortgage (2,476,000)     (2,459,000)     (7,354,000) (8,128,000)  
Depreciation and amortization expense (941,000)     (899,000)     (2,780,000) (2,731,000)  
Gain on extinguishment of debt       1,416,000       1,416,000  
Gain from sale of real estate                
Gain on insurance recovery              
Loss from investments          
Income tax expense          
Net (loss) income 1,706,000     583,000     (840,000) (2,980,000)  
Total assets 51,967,000     50,860,000     51,967,000 50,860,000  
Real Estate Operations [Member]                  
Segment Reporting [Line Items]                  
Revenues 3,875,000     4,614,000     14,010,000 14,176,000  
Property operating expenses (1,063,000)     (1,029,000)     (3,215,000) (3,032,000)  
Utilities (344,000)     (333,000)     (1,020,000) (1,012,000)  
Real estate taxes (579,000)     (601,000)     (1,732,000) (1,709,000)  
Insurance (369,000)     (468,000)     (1,145,000) (1,343,000)  
General and administrative          
Segment income (loss) 1,520,000     2,183,000     6,898,000 7,080,000  
Interest expense - mortgage (717,000)     (693,000)     (2,253,000) (2,068,000)  
Depreciation and amortization expense (767,000)     (752,000)     (2,284,000) (2,236,000)  
Gain on extinguishment of debt              
Gain from sale of real estate             3,508,000    
Gain on insurance recovery 124,000           124,000    
Loss from investments          
Income tax expense          
Net (loss) income 160,000     738,000     5,993,000 2,776,000  
Total assets 43,507,000     46,635,000     43,507,000 46,635,000  
Investment Transactions [Member]                  
Segment Reporting [Line Items]                  
Revenues          
Property operating expenses          
Utilities          
Real estate taxes          
Insurance          
General and administrative          
Segment income (loss)          
Interest expense - mortgage          
Depreciation and amortization expense          
Gain on extinguishment of debt              
Gain from sale of real estate                
Gain on insurance recovery              
Loss from investments (342,000)     (1,379,000)     (841,000) (2,388,000)  
Income tax expense          
Net (loss) income (342,000)     (1,379,000)     (841,000) (2,388,000)  
Total assets 1,096,000     751,000     1,096,000 751,000  
Corporate Segment [Member]                  
Segment Reporting [Line Items]                  
Revenues          
Property operating expenses          
Utilities          
Real estate taxes          
Insurance          
General and administrative (675,000)     (707,000)     (2,121,000) (2,244,000)  
Segment income (loss) (675,000)     (707,000)     (2,121,000) (2,244,000)  
Interest expense - mortgage          
Depreciation and amortization expense          
Gain on extinguishment of debt              
Gain from sale of real estate                
Gain on insurance recovery              
Loss from investments          
Income tax expense (254,000)     15,000     (1,793,000) (463,000)  
Net (loss) income (929,000)     (692,000)     (3,914,000) (2,707,000)  
Total assets $ 6,938,000     $ 4,995,000     $ 6,938,000 $ 4,995,000