CONCENTRATION OF CREDIT RISK |
12 Months Ended |
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Jun. 30, 2026 | |
| Risks and Uncertainties [Abstract] | |
| CONCENTRATION OF CREDIT RISK | NOTE 12 – CONCENTRATION OF CREDIT RISK
As of June 30, 2026 and 2025, the Company had accounts receivable related to Hotel customers and tenants of its rental properties. As of June 30, 2026 and 2025, receivables related to Hotel customers were $250,000 and $396,000, respectively. Gross accounts receivable from the Company’s rental properties were $744,000 and $906,000, respectively, with related allowances for credit losses of $503,000 and $772,000, respectively. Credit extended to tenants is generally limited by the duration of the applicable leases, and the Company pursues available remedies when amounts become delinquent.
The Company maintains its cash and cash equivalents and restricted cash with various financial institutions that are monitored regularly for credit quality. At times, these balances may exceed Federal Deposit Insurance Corporation (“FDIC”) or other federally insured limits. Additionally, certain cash and securities are held in brokerage accounts and may exceed Securities Investor Protection Corporation (“SIPC”) protection limits. The Company monitors counterparty creditworthiness, but balances in excess of applicable insurance or protection limits are subject to counterparty credit risk.
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