Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Sep. 30, 2019

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

NOTE 8 – CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statement of cash flows.

As of	9/30/2019		6/30/2019
Cash and cash equivalents	$	9,964,000	$	9,800,000
Restricted cash		10,995,000		11,027,000
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$	20,959,000	$	20,827,000

Restricted cash is comprised of amounts held by lenders for payment of real estate taxes, insurance, replacement and capital addition reserves for the Hotel. It also includes key money received from Interstate that is restricted for capital improvements for the Hotel.