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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 $ (5,908,000) $ (4,126,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net unrealized loss on marketable securities 6,000 34,000
Depreciation and amortization 1,781,000 1,662,000
Amortization of loan costs 680,000 122,000
Amortization of other notes payable (125,000) (283,000)
Changes in operating assets and liabilities:    
Investment in marketable securities 65,000
Accounts receivable 198,000 (28,000)
Other assets (362,000) (244,000)
Accounts payable and other liabilities - Hotel 2,342,000 269,000
Accounts payable and other liabilities (1,090,000) 53,000
Accounts payable related party 2,390,000 1,958,000
Net cash used in operating activities (23,000) (583,000)
Cash flows from investing activities:    
Payments for hotel furniture, equipment and building improvements (614,000) (1,919,000)
Net cash used in investing activities (614,000) (1,919,000)
Cash flows from financing activities:    
Proceeds from related party note payable 1,129,000 2,500,000
Payments of mortgage notes payable (1,174,000) (736,000)
Net cash (used in) provided by financing activities (45,000) 1,764,000
Net decrease in cash, cash equivalents, and restricted cash (682,000) (738,000)
Cash, cash equivalents, and restricted cash at the beginning of the period 4,775,000 5,206,000
Cash, cash equivalents, and restricted cash at the end of the period 4,093,000 4,468,000
Supplemental information:    
Interest paid $ 2,051,000 $ 3,205,000