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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (4,549,000) $ (3,773,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,316,000 3,084,000
Amortization of loan costs 748,000 181,000
Amortization of other notes payable (125,000) (283,000)
Deferred taxes (294,000)
Net unrealized loss on marketable securities 214,000 390,000
Stock compensation expense 65,000 1,175,000
Changes in operating assets and liabilities:    
Investment in marketable securities 1,583,000 (1,408,000)
Other assets, net (690,000) (1,043,000)
Accounts payable and other liabilities - Hotel 2,342,000 269,000
Accounts payable and other liabilities (810,000) (370,000)
Due to securities broker 1,576,000
Obligations for securities sold 485,000 416,000
Net cash provided by (used in) operating activities 2,579,000 (80,000)
Cash flows from investing activities:    
Payments for hotel investments (615,000) (1,918,000)
Payments for real estate investments (899,000) (1,500,000)
Payments for investment in Portsmouth (1,000) (22,000)
Net cash used in investing activities (1,515,000) (3,440,000)
Cash flows from financing activities:    
Payments of mortgage, financed leases and other notes payable (4,789,000) (1,355,000)
Proceeds from refinance of mortgage notes payable 9,800,000 4,489,000
Purchase of treasury stock (383,000) (181,000)
Net cash provided by financing activities 4,628,000 2,953,000
Net increase (decrease) in cash, cash equivalents and restricted cash 5,692,000 (567,000)
Cash, cash equivalents and restricted cash at the beginning of the period 8,694,000 12,874,000
Cash, cash equivalents and restricted cash at the end of the period 14,386,000 12,307,000
Supplemental information:    
Interest paid 3,883,000 3,877,000
Taxes paid $ 25,000 $ 30,000