XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 711,000 $ 1,067,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Net unrealized loss on marketable securities 287,000 318,000
Deferred taxes 630,000
Depreciation and amortization 586,000 621,000
Changes in assets and liabilities:    
Investment in marketable securities 40,000 (348,000)
Accounts receivable (95,000) 679,000
Other assets 237,000 145,000
Accounts payable and other liabilities - Justice (540,000) (547,000)
Accounts payable and other liabilities 272,000 12,000
Accounts payable to related party 242,000 121,000
Due to securities broker (83,000) 316,000
Obligations for securities sold 48,000 13,000
Net cash provided by operating activities 1,705,000 3,027,000
Cash flows from investing activities:    
Payments for hotel and real estate investments (623,000) (282,000)
Proceeds from other investments 23,000 50,000
Net cash used in investing activities (600,000) (232,000)
Cash flows from financing activities:    
Net payments of mortgage and other notes payable (973,000) (146,000)
Net cash used in financing activities (973,000) (146,000)
Net increase in cash, cash equivalents and restricted cash: 132,000 2,649,000
Cash, cash equivalents and restricted cash at the beginning of the period 20,827,000 14,766,000
Cash, cash equivalents and restricted cash at the end of the period 20,959,000 17,415,000
Supplemental information:    
Interest paid 1,966,000 2,095,000
Tax refund received $ (17,000)