INVESTMENT IN HOTEL, NET

6 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
December 31, 2018	Cost		Depreciation			Value
Land	$	1,124,000	$	-		$	1,124,000
Furniture and equipment		29,932,000		(26,418,000	)		3,514,000
Building and improvements		55,945,000		(26,909,000	)		29,036,000
	$	87,001,000	$	(53,327,000	)	$	33,674,000

			Accumulated			Net Book
June 30, 2018	Cost		Depreciation			Value
Land	$	1,124,000	$	-		$	1,124,000
Furniture and equipment		29,350,000		(25,877,000	)		3,473,000
Building and improvements		55,945,000		(26,264,000	)		29,681,000
	$	86,419,000	$	(52,141,000	)	$	34,278,000