v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (5,414,000) $ (9,110,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Net unrealized gain on marketable securities (73,000) (13,000)
Amortization of other notes payable (566,000) (409,000)
Gain on extinguishment of debt (1,416,000)
Depreciation and amortization 3,640,000 3,534,000
Amortization of debt issuance costs 1,016,000 1,004,000
Changes in operating assets and liabilities:    
Investment in marketable securities 95,000
Accounts receivable - Hotel, net 147,000 122,000
Other assets 171,000 (57,000)
Accounts payable and other liabilities - Hotel 330,000 331,000
Accounts payable and other liabilities (18,000) (1,348,000)
Accounts payable to related party 4,666,000 5,119,000
Net cash provided by (used in) operating activities 3,899,000 (2,148,000)
Cash flows from investing activities:    
Payments for hotel furniture, equipment and building improvements (2,199,000) (2,252,000)
Net cash used in investing activities (2,199,000) (2,252,000)
Cash flows from financing activities:    
Issuance costs from refinance (2,106,000)
Proceeds from mortgage and mezzanine notes payable 78,800,000
Proceeds from related party note payable 11,615,000
Payments of mortgage and finance leases (76,962,000)
Net cash provided by financing activities 11,347,000
Net increase in cash, cash equivalents, and restricted cash 1,700,000 6,947,000
Cash, cash equivalents, and restricted cash at the beginning of the period 11,722,000 4,775,000
Cash, cash equivalents, and restricted cash at the end of the period 13,422,000 11,722,000
Supplemental information:    
Interest paid 5,909,000 8,519,000
Income taxes paid 31,000
Cash, cash equivalents, and restricted cash presented in the consolidated statements of cash flows consist of the following:    
Cash and cash equivalents 4,982,000 4,470,000
Restricted cash 8,440,000 7,252,000
Total cash, cash equivalents, and restricted cash $ 13,422,000 $ 11,722,000