SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The other segment consists of corporate general and administrative expenses and the income tax expense for the entire Company.

As of and for the three months ended December 31, 2018	Hotel Operations			Investment T ransactions			Corporate			T otal
Revenues	$	13,997,000		$	-		$	-		$	13,997,000
Segment operating expenses		(11,236,000	)		-			(158,000	)		(11,394,000	)
Segment income (loss)		2,761,000			-			(158,000	)		2,603,000
Interest expense - mortgage		(1,887,000	)		-			-			(1,887,000	)
Depreciation and amortization expense		(594,000	)		-			-			(594,000	)
Loss from investments		-			(302,000	)		-			(302,000	)
Income tax benefit		-			-			141,000			141,000
Net income (loss)	$	280,000		$	(302,000	)	$	(17,000	)	$	(39,000	)
T otal assets	$	51,796,000		$	1,292,000		$	5,767,000		$	58,855,000

For the three months ended December 31, 2017	Hotel  Operations			Investment T ransactions			Corporate			Total
Revenues	$	13,187,000		$	-		$	-		$	13,187,000
Segment operating expenses		(10,743,000	)		-			(164,000	)		(10,907,000	)
Segment income (loss)		2,444,000			-			(164,000	)		2,280,000
Interest expense - mortgage		(1,980,000	)		-			-			(1,980,000	)
Depreciation and amortization expense		(634,000	)		-			-			(634,000	)
Loss from investments		-			(710,000	)		-			(710,000	)
Income tax expense		-			-			(2,902,000	)		(2,902,000	)
Net loss	$	(170,000	)	$	(710,000	)	$	(3,066,000	)	$	(3,946,000	)

As of and for the six months ended December 31, 2018	Hotel Operations			Investment Transactions			Corporate			Total
Revenues	$	29,807,000		$	-		$	-		$	29,807,000
Segment operating expenses		(22,046,000	)		-			(322,000	)		(22,368,000	)
Segment income (loss)		7,761,000			-			(322,000	)		7,439,000
Interest expense - mortgage		(3,792,000	)		-			-			(3,792,000	)
Depreciation and amortization expense		(1,187,000	)		-			-			(1,187,000	)
Loss from investments		-			(528,000	)		-			(528,000	)
Income tax expense		-			-			(489,000	)		(489,000	)
Net income (loss)	$	2,782,000		$	(528,000	)	$	(811,000	)	$	1,443,000
T otal assets	$	51,796,000		$	1,292,000		$	5,767,000		$	58,855,000

For the six months ended December 31, 2017	Hotel Operations			Investment Transactions			Corporate			Total
Revenues	$	27,624,000		$	-		$	-		$	27,624,000
Segment operating expenses		(21,332,000	)		-			(362,000	)		(21,694,000	)
Segment income (loss)		6,292,000			-			(362,000	)		5,930,000
Interest expense - mortgage		(3,967,000	)		-			-			(3,967,000	)
Depreciation and amortization expense		(1,283,000	)		-			-			(1,283,000	)
Loss from investments		-			(1,055,000	)		-			(1,055,000	)
Income tax expense		-			-			(3,164,000	)		(3,164,000	)
Net income (loss)	$	1,042,000		$	(1,055,000	)	$	(3,526,000	)	$	(3,539,000	)