XML 67 R41.htm IDEA: XBRL DOCUMENT v3.24.3
BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Jul. 15, 2021
Jun. 30, 2022
Dec. 31, 2013
Jun. 30, 2024
Jun. 30, 2023
Jul. 01, 2023
Feb. 19, 2021
Property, Plant and Equipment [Line Items]              
Impairment loss on investments in real estate       $ 0 $ 0    
Impairment losses related to other investments       5,000 0    
Cash equivalents          
Accounts receivable       654,000 631,000 $ 632,000  
Allowance for doubtful accounts       $ 653,000 $ 486,000    
Acquisition of treasury stock       26,972 30,253    
Advertising cost       $ 150,000 $ 130,000    
Unrecognized tax benefits       1,665,000 1,665,000    
Mortgage notes payable - Hotel       100,783,000 $ 107,117,000    
Accumulated deficit       $ 117,102,000      
Partnership redemption adjustment     $ 64,100,000        
Revenue par available room rate description       Even during the renovation that took out between 2-4 floors or 50-100 guest rooms of inventory at a time, the Hotel maintained an index of over 100%. At the end of the renovation in June 2024, the Hotel’s trailing 12-month index was 109.6%. During the fiscal year ending June 30, 2024, the Hotel’s CompSet achieved a RevPAR of $161.47 while the Hotel had a RevPAR of $176.99. An excellent achievement for our property while it had roughly 13%-18% of its inventory unavailable over this time period. Since the completion of the renovation, the Hotel has increased its lead in RevPAR on the CompSet dramatically. In the two months since completing the renovation, the Hotel has achieved an average RevPAR index of over 150% for both months. While the CompSet has lost over 15% RevPAR; in these two months, the Hotel has grown over 15% in this metric.      
Revenue par available room compset amount       $ 161.47      
Revenue par available room amount       $ 176.99      
Buildings Improvements [Member] | Minimum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       3 years      
Buildings Improvements [Member] | Maximum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       39 years      
Furniture and Fixtures [Member] | Minimum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       3 years      
Furniture and Fixtures [Member] | Maximum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       7 years      
Rental Property [Member] | Minimum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       5 years      
Rental Property [Member] | Maximum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       40 years      
Building and Improvements [Member] | Minimum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       5 years      
Building and Improvements [Member] | Maximum [Member]              
Property, Plant and Equipment [Line Items]              
Estimated useful lives       10 years      
Santa Fe Financial Corporation [Member]              
Property, Plant and Equipment [Line Items]              
Minority interest ownership percentage             83.70%
Cash received distribtion   $ 1,159,000          
Portsmouth Square, Inc. [Member]              
Property, Plant and Equipment [Line Items]              
Minority interest ownership percentage       75.70%     68.80%
Non-controlling interest percentage 0.70%            
Limited liability interest percentage 100.00%            
Portsmouth Square, Inc. [Member] | John V. Winfield [Member]              
Property, Plant and Equipment [Line Items]              
Non-controlling interest percentage       2.50%