ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL (Tables)

9 Months Ended

Mar. 31, 2022

Accounts Payable And Other Liabilities - Hotel

SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL

The following summarizes the balances of accounts payable and other liabilities – Hotel as of March 31, 2022 and June 30, 2021.

As of	March 31, 2022		June 30, 2021
Payroll and related accruals	$	2,537,000	$	2,345,000
Trade payable		1,650,000		2,113,000
Withholding and other taxes payable		647,000		885,000
Advance deposits		492,000		161,000
Mortgage interest payable		407,000		582,000
Finance leases		298,000		664,000
Security deposit		52,000		52,000
Other payables		1,280,000		606,000
Total accounts payable and other liabilities - Hotel	$	7,363,000	$	7,408,000

SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS FOR ASSETS

For the year ending June 30,
2022	$	119,000
2023		188,000
Total minimum lease payments		307,000
Less interest on finance lease		(9,000	)
Present value of future minimum lease payments	$	298,000