ACCOUNTS PAYABLE AND OTHER LIABILITIES

6 Months Ended

Dec. 31, 2024

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND OTHER LIABILITIES

NOTE 12 – ACCOUNTS PAYABLE AND OTHER LIABILITIES

The following summarizes the balances of accounts payable and other liabilities as of December 31, 2024 and June 30, 2024:

As of	December 31, 2024		June 30, 2024
Trade payable	$	2,214,000	$	2,999,000
Advance deposits		663,000		557,000
Property tax payable		998,000		563,000
Payroll and related accruals		3,370,000		3,183,000
Mortgage interest payable		6,863,000		3,930,000
Withholding and other taxes payable		1,263,000		1,382,000
Security deposit		982,000		952,000
Franchise fees		1,820,000		1,418,000
Management fees payable		963,000		2,688,000
Other		418,000		350,000
Total accounts payable and other liabilities	$	19,554,000	$	18,022,000