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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]        
Revenue - Hotel $ 12,210,000 $ 10,758,000 $ 33,995,000 $ 32,076,000
Costs and operating expenses        
Hotel operating expenses (9,685,000) (9,239,000) (27,532,000) (27,925,000)
Hotel depreciation and amortization expense (874,000) (860,000) (2,655,000) (2,522,000)
General and administrative expense (387,000) (301,000) (1,038,000) (1,054,000)
Total costs and operating expenses (10,946,000) (10,400,000) (31,225,000) (31,501,000)
Income from operations 1,264,000 358,000 2,770,000 575,000
Other income (expense)        
Interest expense - mortgage (2,459,000) (2,591,000) (8,128,000) (5,796,000)
Interest expense - related party (861,000) (590,000) (2,542,000) (1,617,000)
Net unrealized loss on marketable securities (9,000) (12,000) (15,000) (46,000)
Net realized loss on marketable securities (25,000) (11,000)
Gain on debt extinguishment 1,416,000 1,416,000
Dividend and interest income 3,000 4,000 10,000 10,000
Trading and margin interest expense (41,000) (40,000) (119,000) (122,000)
Total other expense, net (1,976,000) (3,229,000) (9,389,000) (7,571,000)
Loss before income taxes (712,000) (2,871,000) (6,619,000) (6,996,000)
Income tax expense     (1,000) (1,000)
Net Loss $ (712,000) $ (2,871,000) $ (6,620,000) $ (6,997,000)
Basic net loss per share $ (0.97) $ (3.91) $ (9.02) $ (9.53)
Diluted net loss per share $ (0.97) $ (3.91) $ (9.02) $ (9.53)
Weighted average number of common shares outstanding - basic 734,187 734,187 734,187 734,187
Weighted average number of common shares outstanding - diluted 734,187 734,187 734,187 734,187