v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ 398,000 $ (5,299,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,064,000 4,967,000
Amortization of loan costs 869,000 840,000
Amortization of other notes payable (425,000) (267,000)
Gain on insurance recovery (124,000)
Gain on debt extinguishment (1,416,000)
Gain from sale of real estate (3,508,000)
Deferred taxes 1,613,000
Net unrealized (gain) loss on marketable securities (29,000) 1,236,000
Stock compensation expense 36,000 85,000
Changes in operating assets and liabilities:    
Investment in marketable securities (98,000) 5,467,000
Other assets, net (855,000) 319,000
Accounts payable and other liabilities - Hotel 158,000 (2,650,000)
Accounts payable and other liabilities (429,000) (1,369,000)
Obligations for securities sold (188,000)
Net cash provided by operating activities 2,670,000 1,725,000
Cash flows from investing activities:    
Payments for hotel investments (1,786,000) (912,000)
Payments for real estate investments (685,000) (1,329,000)
Proceeds from sale of real estate, net 4,472,000
Insurance proceeds for property damage claims 270,000
Payments for investment in Portsmouth (1,000)
Net cash provided by (used in) investing activities 2,271,000 (2,242,000)
Cash flows from financing activities:    
Payments of mortgage (906,000) (80,883,000)
Payoff mortgage indebtedness (1,834,000)
Proceeds from refinance of mortgage notes payable 88,600,000
Issuance costs of refinancing mortgage and other notes payable (2,106,000)
Purchase of treasury stock (73,000) (394,000)
Net cash (used in) provided by financing activities (2,813,000) 5,217,000
Net increase in cash, cash equivalents and restricted cash 2,128,000 4,700,000
Cash, cash equivalents and restricted cash at the beginning of the period 15,195,000 8,694,000
Cash, cash equivalents and restricted cash at the end of the period 17,323,000 13,394,000
Supplemental information:    
Interest paid 10,444,000 10,444,000
Taxes paid $ 25,000 $ 25,000