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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (12,556,000) $ (9,932,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Net unrealized loss (gain) on marketable securities 1,736,000 (2,838,000)
Deferred taxes (203,000) 8,539,000
Gain on insurance recovery (2,692,000)
Impairment loss on other investments 5,000
Depreciation and amortization 6,320,000 5,464,000
Amortization of loan cost 1,066,000 352,000
Amortization of other notes payable (566,000) (567,000)
Stock compensation expense 1,309,000
Changes in assets and liabilities:    
Investment in marketable securities 9,155,000 (4,458,000)
Other assets (456,000) (20,000)
Accounts payable and other liabilities 1,691,000 (141,000)
Accounts payable and other liabilities – Hotel 2,141,000 4,108,000
Due to securities broker (1,601,000) 1,111,000
Obligations for securities sold (1,228,000) 967,000
Net cash provided by (used in) operating activities 6,813,000 (107,000)
Cash flows from investing activities:    
Capital expenditures for property and equipment - Hotel (4,079,000) (5,866,000)
Capital expenditures for property and equipment - real estate (2,309,000) (2,314,000)
Investment in Portsmouth (22,000) (198,000)
Insurance proceeds for property damage claims 2,325,000
Net cash used in investing activities (6,410,000) (6,053,000)
Cash flows from financing activities:    
Issuance costs from forbearance (1,477,000)
Payments of mortgage, finance leases and other notes payable (11,496,000) (8,205,000)
Proceeds from mortgage and other notes payable 8,989,000 5,360,000
Purchase of treasury stock (599,000) (1,470,000)
Net cash used in financing activities (4,583,000) (4,315,000)
Net decrease in cash, cash equivalents and restricted cash: (4,180,000) (10,475,000)
Cash, cash equivalents and restricted cash at the beginning of the year 12,874,000 23,349,000
Cash, cash equivalents and restricted cash at the end of the year 8,694,000 12,874,000
Supplemental information:    
Income taxes paid 130,000 74,000
Interests paid $ 6,081,000 $ 7,708,000