v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 336,000 $ (7,547,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net unrealized (gain) loss on marketable securities (786,000) 1,018,000
Deferred taxes 1,669,000 624,000
Gain on insurance recovery (124,000)
Gain from sale of real estate (3,508,000)
Gain on extinguishment of debt (1,416,000)
Depreciation and amortization 6,793,000 6,624,000
Amortization of loan cost 1,152,000 1,239,000
Amortization of other notes payable (566,000) (409,000)
Stock compensation expense 44,000 105,000
Changes in assets and liabilities:    
Investment in marketable securities (2,639,000) 5,467,000
Other assets 287,000 1,018,000
Accounts payable and other liabilities (236,000) (973,000)
Accounts payable and other liabilities – Hotel 329,000 331,000
Due to securities broker 427,000
Obligations for securities sold 272,000 (188,000)
Net cash provided by operating activities 3,450,000 5,893,000
Cash flows from investing activities:    
Capital expenditures for property and equipment - Hotel (2,198,000) (2,252,000)
Capital expenditures for property and equipment - real estate (968,000) (1,739,000)
Proceeds from sale of real estate, net 4,472,000
Investment in Portsmouth (1,000)
Insurance proceeds for property damage claims 456,000 75,000
Net cash provided by (used in) investing activities 1,762,000 (3,917,000)
Cash flows from financing activities:    
Issuance costs from Hotel refinance (2,106,000)
Payments of mortgage (1,201,000) (81,575,000)
Payoff mortgage indebtedness (1,834,000)
Proceeds from mortgage, mezzanine and other notes payable 88,600,000
Purchase of treasury stock (73,000) (394,000)
Net cash (used in) provided by financing activities (3,108,000) 4,525,000
Net increase in cash, cash equivalents and restricted cash: 2,104,000 6,501,000
Cash, cash equivalents and restricted cash at the beginning of the year 15,195,000 8,694,000
Cash, cash equivalents and restricted cash at the end of the year 17,299,000 15,195,000
Supplemental information:    
Federal income taxes paid 144,000 20,000
State income taxes paid 248,000 122,000
Interest paid 9,650,000 12,366,000
Cash and cash equivalents 6,356,000 5,084,000
Restricted cash 10,943,000 10,058,000
Cash included in assets held for sale 8,000
Restricted cash included in assets held for sale 45,000
Total cash, cash equivalents, and restricted cash $ 17,299,000 $ 15,195,000