SEGMENT INFORMATION

6 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 6 - SEGMENT INFORMATION

The Company operates in two reportable segments, the operation of the hotel (“Hotel Operations”) and the investment of its cash in marketable securities and other investments (“Investment Transactions”). These two operating segments, as presented in the consolidated financial statements, reflect how management internally reviews each segment’s performance. Management also makes operational and strategic decisions based on this same information.

Information below represents reporting segments for the three months December 31, 2015 and 2014, respectively. Operating income from Hotel operations consists of the operation of the hotel and operation of the garage. Income (loss) from investment transactions consist of net investment gain (loss), impairment loss on other investments, net unrealized gain (loss) on other investments, dividend and interest income and trading and margin interest expense.

As of and for the three months	Hotel		Investment
ended December 31, 2015	Operations		Transactions		Other		Total
Revenues	$	13,713,000	$	-	$	-	$	13,713,000
Segment operating expenses		(11,969,000)		-		(170,000)		(12,139,000)
Segment income (loss)		1,744,000		-		(170,000)		1,574,000
Interest expense - mortgage		(1,941,000)		-		-		(1,941,000)
Depreciation and amortization expense		(709,000)		-		-		(709,000)
Loss from investments		-		(1,999,000)		-		(1,999,000)
Income tax benefit		-		-		1,225,000		1,225,000
Net income (loss)	$	(906,000)	$	(1,999,000)	$	1,055,000	$	(1,850,000)
Total assets	$	46,511,000	$	4,482,000	$	10,471,000	$	61,464,000

As of and for the three months	Hotel		Investment
ended December 31, 2014	Operations		Transactions		Other		Total
Revenues	$	14,044,000	$	-	$	-	$	14,044,000
Segment operating expenses		(12,033,000)		-		(157,000)		(12,190,000)
Segment income (loss)		2,011,000		-		(157,000)		1,854,000
Interest expense - mortgage		(1,939,000)		-		-		(1,939,000)
Loss on disposal of assets		(51,000)		-		-		(51,000)
Depreciation and amortization expense		(664,000)		-		-		(664,000)
Loss from investments		-		(454,000)		-		(454,000)
Income tax benefit		-		-		547,000		547,000
Net income (loss)	$	(643,000)	$	(454,000)	$	390,000	$	(707,000)
Total assets	$	44,307,000	$	7,335,000	$	9,096,000	$	60,738,000

As of and for the six months	Hotel		Investment
ended December 31, 2015	Operations		Transactions		Other		Total
Revenues	$	28,851,000	$	-	$	-	$	28,851,000
Segment operating expenses		(23,162,000)		-		(373,000)		(23,535,000)
Segment income (loss)		5,689,000		-		(373,000)		5,316,000
Interest expense - mortgage		(3,882,000)		-		-		(3,882,000)
Loss on disposal of assets		(30,000)		-		-		(30,000)
Depreciation and amortization expense		(1,422,000)		-		-		(1,422,000)
Loss from investments		-		(1,944,000)		-		(1,944,000)
Income tax benefit		-		-		782,000		782,000
Net income (loss)	$	355,000	$	(1,944,000)	$	409,000	$	(1,180,000)
Total assets	$	46,511,000	$	4,482,000	$	10,471,000	$	61,464,000

As of and for the six months	Hotel		Investment
ended December 31, 2014	Operations		Transactions		Other		Total
Revenues	$	28,874,000	$	-	$	-	$	28,874,000
Segment operating expenses		(23,871,000)		-		(345,000)		(24,216,000)
Segment income (loss)		5,003,000		-		(345,000)		4,658,000
Interest expense - mortgage		(3,963,000)		-		-		(3,963,000)
Loss on disposal of assets		(51,000)		-		-		(51,000)
Depreciation and amortization expense		(1,306,000)		-		-		(1,306,000)
Loss from investments		-		(1,046,000)		-		(1,046,000)
Income tax benefit		-		-		729,000		729,000
Net income (loss)	$	(317,000)	$	(1,046,000)	$	384,000	$	(979,000)
Total assets	$	44,307,000	$	7,335,000	$	9,096,000	$	60,738,000