The InterGroup Corporation (INTG) 10-Q 25 Oct 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2019	Oct. 24, 2019
Cover [Abstract]
Entity Registrant Name	INTERGROUP CORP
Entity Central Index Key	0000069422
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,304,753
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
ASSETS
Investment in Hotel, net	$ 39,866,000	$ 39,836,000
Investment in real estate, net	51,421,000	51,773,000
Investment in marketable securities	8,537,000	9,696,000
Other investments, net	564,000	612,000
Cash and cash equivalents	12,194,000	11,837,000
Restricted cash	13,230,000	13,295,000
Other assets, net	2,581,000	2,362,000
Deferred tax asset	1,468,000	1,468,000
Total assets	129,861,000	130,879,000
Liabilities:
Accounts payable and other liabilities - Justice	10,758,000	11,298,000
Accounts payable and other liabilities	4,695,000	3,766,000
Due to securities broker	1,400,000	1,629,000
Obligations for securities sold	1,000,000	1,225,000
Related party and other notes payable	5,106,000	5,261,000
Finance leases	1,385,000	1,486,000
Line of credit payable	2,985,000	2,985,000
Mortgage notes payable - Hotel, net	112,349,000	113,087,000
Mortgage notes payable - real estate, net	58,189,000	58,571,000
Total liabilities	197,867,000	199,308,000
Shareholders' deficit:
Preferred stock, $.01 par value, 100,000 shares authorized; none issued
Common stock, $.01 par value, 4,000,000 shares authorized; 3,404,982 and 3,404,982 issued; 2,304,753 and 2,309,962 outstanding, respectively	33,000	33,000
Additional paid-in capital	10,203,000	10,342,000
Accumulated deficit	(39,424,000)	(39,760,000)
Treasury stock, at cost, 1,100,229 and 1,095,020 shares, respectively	(14,503,000)	(14,347,000)
Total InterGroup shareholders' deficit	(43,691,000)	(43,732,000)
Noncontrolling interest	(24,315,000)	(24,697,000)
Total shareholders' deficit	(68,006,000)	(68,429,000)
Total liabilities and shareholders' equity	$ 129,861,000	$ 130,879,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ .01	$ .01
Preferred stock, shares authorized	100,000	100,000
Preferred stock , shares issued
Common stock, par value	$ .01	$ .01
Common stock, shares authorized	4,000,000	4,000,000
Common stock, shares issued	3,404,982	3,404,982
Common stock, shares outstanding	2,304,753	2,309,962
Treasury stock, shares	1,100,229	1,095,020

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Total revenues	$ 19,146,000	$ 19,489,000
Costs and operating expenses:
Depreciation and amortization expenses	(1,213,000)	(1,243,000)
General and administrative expenses	(760,000)	(643,000)
Total costs and operating expenses	(15,271,000)	(14,708,000)
Income from operations	3,875,000	4,781,000
Other income (expense):
Interest expense - mortgages	(2,397,000)	(2,565,000)
Net (loss) gain on marketable securities	(145,000)	209,000
Net loss on marketable securities - Comstock	(304,000)	(380,000)
Dividend and interest income	130,000	97,000
Trading and margin interest expense	(293,000)	(304,000)
Total other expense, net	(3,009,000)	(2,943,000)
Income before income taxes	866,000	1,838,000
Income tax expense	(222,000)	(710,000)
Net income	644,000	1,128,000
Less: Net income attributable to the noncontrolling interest	(308,000)	(498,000)
Net income attributable to InterGroup Corporation	$ 336,000	$ 630,000
Net income per share
Basic	$ 0.28	$ 0.48
Diluted	0.24	0.43
Net income per share attributable to InterGroup Corporation
Basic	0.15	0.27
Diluted	$ 0.13	$ 0.24
Weighted average number of basic common shares outstanding	2,309,393	2,333,419
Weighted average number of diluted common shares outstanding	2,639,788	2,651,419
Hotel [Member]
Revenues:
Total revenues	$ 15,429,000	$ 15,810,000
Costs and operating expenses:
Total costs and operating expenses	(11,348,000)	(10,810,000)
Real Estate [Member]
Revenues:
Total revenues	3,717,000	3,679,000
Costs and operating expenses:
Total costs and operating expenses	$ (1,950,000)	$ (2,012,000)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	InterGroup Shareholders' Deficit [Member]	Noncontrolling Interest [Member]	Total
Beginning balance at Jun. 30, 2018	$ 33,000	$ 10,522,000	$ (41,217,000)	$ (13,268,000)	$ (43,930,000)	$ (26,037,000)	$ (69,967,000)
Beginning balance, shares at Jun. 30, 2018	3,395,616
Stock options expense		30,000			30,000		30,000
Purchase of treasury stock				(198,000)	(198,000)		(198,000)
Net Income			630,000		630,000	498,000	1,128,000
Ending balance at Sep. 30, 2018	$ 33,000	10,552,000	(40,587,000)	(13,466,000)	(43,468,000)	(25,539,000)	(69,007,000)
Ending balance, shares at Sep. 30, 2018	3,395,616
Beginning balance at Jun. 30, 2019	$ 33,000	10,342,000	(39,760,000)	(14,347,000)	(43,732,000)	(24,697,000)	(68,429,000)
Beginning balance, shares at Jun. 30, 2019	3,404,982
Stock options expense		8,000			8,000		8,000
Purchase of treasury stock				(156,000)	(156,000)		(156,000)
Investment in Santa Fe		(147,000)			(147,000)	74,000	(73,000)
Net Income			336,000		336,000	308,000	644,000
Ending balance at Sep. 30, 2019	$ 33,000	$ 10,203,000	$ (39,424,000)	$ (14,503,000)	$ (43,691,000)	$ (24,315,000)	$ (68,006,000)
Ending balance, shares at Sep. 30, 2019	3,404,982

Condensed Consolidated Statem_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	$ 644,000	$ 1,128,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,224,000	1,230,000
Deferred taxes		710,000
Net unrealized loss on marketable securities	375,000	163,000
Stock compensation expense	8,000	30,000
Changes in operating assets and liabilities:
Investment in marketable securities	784,000	(327,000)
Other assets	(219,000)	445,000
Accounts payable and other liabilities - Justice	(540,000)	(547,000)
Accounts payable and other liabilities	929,000	395,000
Due to securities broker	(229,000)	1,040,000
Obligations for securities sold	(225,000)	(271,000)
Net cash provided by operating activities	2,751,000	3,996,000
Cash flows from investing activities:
Payments for hotel investments	(624,000)	(282,000)
Payments for real estate investments	(267,000)	(212,000)
Payments for investment in Santa Fe	(73,000)
Proceeds from other investments	48,000	80,000
Net cash used in investing activities	(916,000)	(414,000)
Cash flows from financing activities:
Net payments of mortgage and other notes payable	(1,387,000)	(518,000)
Purchase of treasury stock	(156,000)	(198,000)
Net cash used in financing activities	(1,543,000)	(716,000)
Net increase in cash, cash equivalents and restricted cash	292,000	2,866,000
Cash, cash equivalents and restricted cash at the beginning of the period	25,132,000	17,511,000
Cash, cash equivalents and restricted cash at the end of the period	25,424,000	20,377,000
Supplemental information:
Interest paid	2,445,000	2,633,000
Taxes paid		$ 129,000

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	NOTE 1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The condensed consolidated financial statements included herein have been prepared by The InterGroup Corporation (“InterGroup” or the “Company”), without audit, according to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in the condensed consolidated financial statements prepared in accordance with generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations, although the Company believes the disclosures that are made are adequate to make the information presented not misleading. Further, the condensed consolidated financial statements reflect, in the opinion of management, all adjustments (which included only normal recurring adjustments) necessary for a fair statement of the financial position, cash flows and results of operations as of and for the periods indicated. It is suggested that these financial statements be read in conjunction with the audited financial statements of InterGroup and the notes therein included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2019. The September 30, 2019 Condensed Consolidated Balance Sheet was derived from the Consolidated Balance Sheet as included in the Company’s Form 10-K for the year ended June 30, 2019. The results of operations for the three months ended September 30, 2019 are not necessarily indicative of results to be expected for the full fiscal year ending June 30, 2020. Basic and diluted income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding. The computation of diluted income per share is similar to the computation of basic earnings per share except that the weighted-average number of common shares is increased to include the number of additional common shares that would have been outstanding if potential dilutive common shares had been issued. The Company’s only potentially dilutive common shares are stock options. As of September 30, 2019, the Company had the power to vote 86.3% of the voting shares of Santa Fe Financial Corporation (“Santa Fe”), a public company (OTCBB: SFEF). This percentage includes the power to vote an approximately 4% interest in the common stock in Santa Fe owned by the Company’s Chairman and President pursuant to a voting trust agreement entered into on June 30, 1998. Santa Fe’s primary business is conducted through the management of its 68.8% owned subsidiary, Portsmouth Square, Inc. (“Portsmouth”), a public company (OTCBB: PRSI). Portsmouth’s primary business is conducted through its general and limited partnership interest in Justice Investors Limited Partnership; a California limited partnership (“Justice” or the “Partnership”). InterGroup also directly owns approximately 13.4% of the common stock of Portsmouth. Justice, through its subsidiaries Justice Operating Company, LLC (“Operating”) and Justice Mezzanine Company, LLC (“Mezzanine”) owns and operates a 544-room hotel property located at 750 Kearny Street, San Francisco California, known as the Hilton San Francisco Financial District (the “Hotel”) and related facilities including a five-level underground parking garage. Mezzanine is a wholly-owned subsidiary of the Partnership; Operating is a wholly-owned subsidiary of Mezzanine. Mezzanine is the borrower under certain mezzanine indebtedness of Justice, and in December 2013, the Partnership conveyed ownership of the Hotel to Operating. The Hotel is operated by the partnership as a full-service Hilton brand hotel pursuant to a Franchise License Agreement with HLT Franchise Holding LLC (Hilton) through January 31, 2030. Justice entered into a Hotel management agreement (“HMA”) with Interstate Management Company, LLC (“Interstate”) to manage the Hotel, along with its five-level parking garage, with an effective takeover date of February 3, 2017. The term of the management agreement is for an initial period of ten years commencing on the takeover date and automatically renews for successive one (1) year periods, to not exceed five years in the aggregate, subject to certain conditions. Under the terms on the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. On August 29, 2019, Interstate announced that it entered into a definitive agreement to merge with Aimbridge Hospitality. The transaction is subject to regulatory and customary closing conditions and is expected to be completed by the end of calendar year 2019. In addition to the operations of the Hotel, the Company also generates income from the ownership, management and, when appropriate, sale of real estate. Properties include sixteen apartment complexes, one commercial real estate property and three single-family houses. The properties are located throughout the United States, but are concentrated in Dallas, Texas and Southern California. The Company also has an investment in unimproved real property. As of September 30, 2019, all of the Company’s residential and commercial rental properties are managed in-house. Due to Securities Broker Various securities brokers have advanced funds to the Company for the purchase of marketable securities under standard margin agreements. These advanced funds are recorded as a liability. Obligations for Securities Sold Obligation for securities sold represents the fair market value of shares sold with the promise to deliver that security at some future date and the fair market value of shares underlying the written call options with the obligation to deliver that security when and if the option is exercised. The obligation may be satisfied with current holdings of the same security or by subsequent purchases of that security. Unrealized gains and losses from changes in the obligation are included in the condensed consolidated statements of operations. Income Tax The Company consolidates Justice (“Hotel”) for financial reporting purposes and is not taxed on its non-controlling interest in the Hotel. The income tax expense during the three months ended September 30, 2019 and 2018 represent the income tax effect on the Company’s pretax income which includes its share in the net income of the Hotel. For the three months ended September 30, 2018, the income tax expense includes adjustments relating to the changes in the deferred tax assets as a result of tax law changes. Financial Condition and Liquidity The Company’s cash flows are primarily generated from the ownership and management of real estate. To fund the redemption of limited partnership interests and to repay the prior mortgage of $42,940,000, Justice obtained a $97,000,000 mortgage loan and a $20,000,000 mezzanine loan in December 2013. The mortgage loan is secured by the Partnership’s principal asset, the Hotel. The mortgage loan bears an interest rate of 5.275% per annum with interest only payments due through January 2017. Beginning in February 2017, the loan began to amortize over a thirty-year period through its maturity date of January 2024. Outstanding principal balance on the loan was $93,397,000 and $93,746,000 as of September 30, 2019 and June 30, 2019, respectively. As additional security for the mortgage loan, there is a limited guaranty executed by Portsmouth in favor of the mortgage lender. The mezzanine loan is secured by the Operating membership interest held by Mezzanine and is subordinated to the Mortgage Loan. The mezzanine interest only loan had an interest rate of 9.75% per annum and a maturity date of January 1, 2024. As additional security for the mezzanine loan, there is a limited guaranty executed by Portsmouth in favor of the mezzanine lender. Effective as of May 11, 2017, InterGroup agreed to become an additional guarantor under the limited guaranty and an additional indemnitor under the environmental indemnity for Justice Investors limited partnership’s $97,000,000 mortgage loan and the $20,000,000 mezzanine loan. Pursuant to the agreement, InterGroup is required to maintain a certain net worth and liquidity. As of September 30, 2019, InterGroup is in compliance with both requirements. On July 31, 2019, Mezzanine refinanced the mezzanine loan by entering into a new mezzanine loan agreement (“New Mezzanine Loan Agreement”) with Cred Reit Holdco LLC in the amount of $20,000,000. The prior Mezzanine Loan which had a 9.75% per annum interest rate was paid off. Interest rate on the new mezzanine loan is 7.25% and the loan matures on January 1, 2024. Interest only payments are due monthly. In July 2018, InterGroup obtained a revolving $5,000,000 line of credit (“RLOC”) from CIBC Bank USA (“CIBC”). On July 31, 2018, $2,969,000 was drawn from the RLOC to pay off the mortgage note payable at Intergroup Woodland Village, Inc. (“Woodland Village”) and a new mortgage note payable was established at Woodland Village due to InterGroup for the amount drawn. Woodland Village holds a three-story apartment complex in Santa Monica, California and is 55.4% and 44.6% owned by Santa Fe and the Company, respectively. The RLOC carries a variable interest rate of 30-day LIBOR plus 3%. Interest is paid on a monthly basis. The RLOC and all accrued and unpaid interest were due in July 2019. In July 2019, the Company obtained a modification from CIBC which increased the RLOC by $3,000,000 and extended the maturity date from July 24, 2019 to July 23, 2020. The $2,969,000 mortgage due to InterGroup carries same terms as InterGroup’s RLOC. On August 31, 2018, $1,005,000 was drawn from the RLOC to pay off a mortgage note payable on a single-family house located in Los Angeles, California. On September 28, 2018, the Company obtained a new mortgage in the amount of $1,000,000 on the same property. The interest rate on the new loan is fixed at 4.75% per annum for the first five years and variable for the remaining of the term. The note matures in October 2048. Net proceeds of $995,000 received as a result of the refinance was used to pay down the RLOC. The Hotel has continued to generate positive operating income. While the debt service requirements related to the loans may create some additional risk for the Company and its ability to generate cash flows in the future, management believes that cash flows from the operations of the Hotel and the garage will continue to be sufficient to meet all of the Partnership’s current and future obligations and financial requirements. The Company has invested in short-term, income-producing instruments and in equity and debt securities when deemed appropriate. The Company’s marketable securities are classified as trading with unrealized gains and losses recorded through the consolidated statements of operations. Management believes that its cash, marketable securities, and the cash flows generated from its real estate assets, will be adequate to meet the Company’s current and future obligations. Additionally, management believes there is significant appreciated value in the Hotel property to support additional borrowings, if necessary. The following table provides a summary as of September 30, 2019, the Company’s material financial obligations which also including interest payments. 9 Months Year Year Year Year Total 2020 2021 2022 2023 2024 Thereafter Mortgage and subordinated notes payable $ 171,849,000 $ 2,315,000 $ 12,483,000 $ 3,095,000 $ 37,812,000 $ 107,655,000 $ 8,489,000 Other notes payable 9,476,000 764,000 3,991,000 1,022,000 744,000 567,000 2,388,000 Interest 35,825,000 6,748,000 8,601,000 8,148,000 7,013,000 3,401,000 1,914,000 Total $ 217,150,000 $ 9,827,000 $ 25,075,000 $ 12,265,000 $ 45,569,000 $ 111,623,000 $ 12,791,000 Recently Issued and Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-02, Leases (Topic 842) Leases (Topic 842): Targeted Improvements On June 16, 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Revenue

Revenue	3 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 2 – REVENUE Our revenue from real estate is primarily rental income from residential and commercial property leases which is recorded when due from residents and is recognized monthly as earned. The following table present our Hotel revenue disaggregated by revenue streams. For the three months ended September 30, 2019 2018 Hotel revenues: Hotel rooms $ 13,314,000 $ 13,522,000 Food and beverage 1,222,000 1,449,000 Garage 736,000 774,000 Other operating departments 157,000 65,000 Total hotel revenue $ 15,429,000 $ 15,810,000 Performance obligations We identified the following performance obligations, for which revenue is recognized as the respective performance obligations are satisfied, which results in recognizing the amount we expect to be entitled to for providing the goods or services: ● Cancelable room reservations or ancillary services Noncancelable room reservations and banquet or conference reservations Other ancillary goods and services Components of package reservations Hotel revenue primarily consists of hotel room rentals, revenue from accommodations sold in conjunction with other services (e.g., package reservations), food and beverage sales and other ancillary goods and services (e.g., parking). Revenue is recognized when rooms are occupied or goods and services have been delivered or rendered, respectively. Payment terms typically align with when the goods and services are provided. For package reservations, the transaction price is allocated to the performance obligations within the package based on the estimated standalone selling prices of each component. We do not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. Due to the nature of our business, our revenue is not significantly impacted by refunds. Cash payments received in advance of guests staying at our hotel are refunded to hotel guests if the guest cancels within the specified time period, before any services are rendered. Refunds related to service are generally recognized as an adjustment to the transaction price at the time the hotel stay occurs or services are rendered. Contract assets and liabilities We do not have any material contract assets as of September 30, 2019 and June 30, 2019 other than trade and other receivables, net on our condensed consolidated balance sheets. Our receivables are primarily the result of contracts with customers, which are reduced by an allowance for doubtful accounts that reflects our estimate of amounts that will not be collected. We record contract liabilities when cash payments are received or due in advance of guests staying at our hotel, which are presented within accounts payable and other liabilities on our condensed consolidated balance sheets. Contract liabilities increased to $1,161,000 as of September 30, 2019 from $1,215,000 as of June 30, 2019. The increase for the three months ended September 30, 2019 was primarily driven by deposits received from upcoming groups, offset by $620,000 revenue recognized that was included in the advanced deposits balance as of June 30, 2019. Contract costs We consider sales commissions earned to be incremental costs of obtaining a contract with our customers. As a practical expedient, we expense these costs as incurred as our contracts with customers and lease agreements do not extend beyond one year.

Investment in Hotel, Net

Investment in Hotel, Net	3 Months Ended
	Sep. 30, 2019
Investments, All Other Investments [Abstract]
Investment in Hotel, Net	NOTE 3 – INVESTMENT IN HOTEL, NET Investment in hotel consisted of the following as of: Accumulated Net Book September 30, 2019 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 521,000 (61,000 ) 460,000 Furniture and equipment 31,209,000 (27,041,000 ) 4,168,000 Building and improvements 63,879,000 (31,379,000 ) 32,500,000 Investment in Hotel, net $ 98,347,000 $ (58,481,000 ) $ 39,866,000 Accumulated Net Book June 30, 2019 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 521,000 (35,000 ) 486,000 Furniture and equipment 30,585,000 (26,842,000 ) 3,743,000 Building and improvements 63,879,000 (31,010,000 ) 32,869,000 Investment in Hotel, net $ 97,723,000 $ (57,887,000 ) $ 39,836,000

Investment in Real Estate, Net

Investment in Real Estate, Net	3 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
Investment in Real Estate, Net	NOTE 4 – INVESTMENT IN REAL ESTATE, NET The Company’s investment in real estate includes sixteen apartment complexes, one commercial real estate property and three single-family houses. The properties are located throughout the United States, but are concentrated in Dallas, Texas and Southern California. The Company also has an investment in unimproved real property. Investment in real estate consisted of the following: As of September 30, 2019 June 30, 2019 Land $ 23,566,000 $ 23,566,000 Buildings, improvements and equipment 68,636,000 68,369,000 Accumulated depreciation (42,248,000 ) (41,629,000 ) 49,954,000 50,306,000 Land held for development 1,467,000 1,467,000 Investment in real estate, net $ 51,421,000 $ 51,773,000

Investment in Marketable Securi

Investment in Marketable Securities	3 Months Ended
	Sep. 30, 2019
Investment In Marketable Securities
Investment in Marketable Securities	NOTE 5 – INVESTMENT IN MARKETABLE SECURITIES The Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested in corporate bonds and income producing securities, which may include interests in real estate-based companies and REITs, where financial benefit could transfer to its shareholders through income and/or capital gain. At September 30, 2019 and June 30, 2019, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments are included in earnings. Trading securities are summarized as follows: Gross Gross Net Fair Investment Cost Unrealized Gain Unrealized Loss Unrealized Loss Value As of September 30, 2019 Corporate Equities $ 10,846,000 $ 1,786,000 $ (4,095,000 ) $ (2,309,000 ) $ 8,537,000 As of June 30, 2019 Corporate Equities $ 19,204,000 $ 1,753,000 $ (11,261,000 ) $ (9,508,000 ) $ 9,696,000 As of September 30, 2019 and June 30, 2019, approximately 5% and 7%, respectively, of the investment in marketable securities balance above is comprised of the common stock of Comstock Mining Inc (“Comstock”). As of September 30, 2019 and June 30, 2019, the Company had $3,829,000 and $11,088,000, respectively, of unrealized losses related to securities held for over one year; of which $3,616,000 and $10,900,000 are related to its investment in Comstock, respectively. The decrease in unrealized losses is a result of reclassing $7,586,000 of unrealized gain related to Comstock that was included in the cost basis as of June 30, 2019. Net gains (losses) on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of net loss on marketable securities for the three months ended September 30, 2019 and 2018, respectively: For the three months ended September 30, 2019 2018 Realized loss on marketable securities $ (74,000 ) $ (8,000 ) Unrealized (loss) gain on marketable securities (71,000 ) 217,000 Unrealized loss on marketable securities related to Comstock (304,000 ) (380,000 ) Net loss on marketable securities $ (449,000 ) $ (171,000 )

Other Investments, Net

Other Investments, Net	3 Months Ended
	Sep. 30, 2019
Other Investments [Abstract]
Other Investments, Net	NOTE 6 – OTHER INVESTMENTS, NET The Company may also invest, with the approval of the securities investment committee and other Company guidelines, in private investment equity funds and other unlisted securities, such as convertible notes through private placements. Those investments in non-marketable securities are carried at cost on the Company’s balance sheet as part of other investments, net of other than temporary impairment losses. Other investments also include non-marketable warrants carried at fair value. Other investments, net consist of the following: Type September 30, 2019 June 30, 2019 Private equity hedge fund, at cost $ 376,000 $ 376,000 Other preferred stock, at cost 188,000 236,000 $ 564,000 $ 612,000

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 7 - FAIR VALUE MEASUREMENTS The carrying values of the Company’s financial instruments not required to be carried at fair value on a recurring basis approximate fair value due to their short maturities (i.e., accounts receivable, other assets, accounts payable and other liabilities and obligations for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable). The assets measured at fair value on a recurring basis are as follows: 9/30/2019 6/30/2019 As of Total - Level 1 Total - Level 1 Assets: Investment in marketable securities: REITs and real estate companies $ 3,061,000 $ 3,069,000 Energy 1,364,000 950,000 Consumer cyclical 1,320,000 1,448,000 Corporate bonds 1,214,000 1,420,000 Financial services 602,000 951,000 Basic material 543,000 829,000 Technology 224,000 651,000 Healthcare 114,000 185,000 Industrials 95,000 193,000 $ 8,537,000 $ 9,696,000 The fair values of investments in marketable securities are determined by the most recently traded price of each security at the balance sheet date. Financial assets that are measured at fair value on a non-recurring basis and are not included in the tables above include “Other investments in non-marketable securities,” that were initially measured at cost and have been written down to fair value as a result of impairment. The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows: Net loss for the three months Assets Level 3 September 30, 2019 ended September 30, 2019 Other non-marketable investments $ 564,000 $ 564,000 $ - Net loss for the three months Assets Level 3 June 30, 2019 ended September 30, 2018 Other non-marketable investments $ 612,000 $ 612,000 $ - For the three months ended September 30, 2019 and 2018, we received distribution from other non-marketable investments of $48,000 and $80,000, respectively. Other investments in non-marketable securities are carried at cost net of any impairment loss. The Company has no significant influence or control over the entities that issue these investments and holds less than 20% ownership in each of the investments. These investments are reviewed on a periodic basis for other-than-temporary impairment. The Company reviews several factors to determine whether a loss is other-than-temporary. These factors include but are not limited to: (i) the length of time an investment is in an unrealized loss position, (ii) the extent to which fair value is less than cost, (iii) the financial condition and near term prospects of the issuer and (iv) our ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	3 Months Ended
	Sep. 30, 2019
Restricted 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 $ 12,194,000 $ 11,837,000 Restricted cash 13,230,000 13,295,000 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 25,424,000 $ 25,132,000 Restricted cash is comprised of amounts held by lenders for payment of real estate taxes, insurance, replacement and capital addition reserves. It also includes key money received from Interstate that is restricted for capital improvements for the Hotel.

Stock Based Compensation Plans

Stock Based Compensation Plans	3 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock Based Compensation Plans	NOTE 9 – STOCK BASED COMPENSATION PLANS The Company follows Accounting Standard Codification (ASC) Topic 718 “Compensation – Stock Compensation”, which addresses accounting for equity-based compensation arrangements, including employee stock options and restricted stock units. Please refer to Note 16 – Stock Based Compensation Plans in the Company’s Form 10-K for the year ended June 30, 2019 for more detailed information on the Company’s stock-based compensation plans. During the three months ended September 30, 2019 and 2018, the Company recorded stock option compensation cost of $8,000 and $30,000, respectively, related to stock options that were previously issued. As of September 30, 2019, there was a total of $36,000 of unamortized compensation related to stock options which is expected to be recognized over the weighted-average period of 2.42 years. In December 2018, the Company’s President and Chief Executive Officer, John V. Winfield exercised 26,805 vested Incentive Stock Options by surrendering 17,439 shares of the Company’s common stock at fair value as payment of the exercise price, resulting in a net issuance to him of 9,366 shares. No additional compensation expense was recorded related to the issuance. Option-pricing models require the input of various subjective assumptions, including the option’s expected life and the price volatility of the underlying stock. The expected stock price volatility is based on analysis of the Company’s stock price history. The Company has selected to use the simplified method for estimating the expected term. The risk-free interest rate is based on the U.S. Treasury interest rates whose term is consistent with the expected life of the stock options. No dividend yield is included as the Company has not issued any dividends and does not anticipate issuing any dividends in the future. The following table summarizes the stock options activity from July 1, 2018 through September 30, 2019: Number of Weighted Average Weighted Average Aggregate Shares Exercise Price Remaining Life Intrinsic Value Oustanding at July 1, 2018 368,000 $ 17.21 4.17 $ 3,505,000 Granted - - Exercised (26,805 ) 20.52 Forfeited - - Exchanged - - Outstanding at June 30, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Exercisable at June 30, 2019 330,395 $ 16.62 2.92 years $ 4,643,000 Vested and Expected to vest at June 30, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Oustanding at July 1, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Granted - - Exercised - - Forfeited - - Exchanged - - Outstanding at September 30, 2019 341,195 $ 16.95 2.82 years $ 4,369,000 Exercisable at September 30, 2019 330,395 $ 16.62 2.67 years $ 4,342,000 Vested and Expected to vest at September 30, 2019 341,195 $ 16.95 2.82 years $ 4,369,000

Segment Information

Segment Information	3 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	NOTE 10 – SEGMENT INFORMATION The Company operates in three reportable segments, the operation of the hotel (“Hotel Operations”), the operation of its multi-family residential properties (“Real Estate Operations”) and the investment of its cash in marketable securities and other investments (“Investment Transactions”). These three operating segments, as presented in the financial statements, reflect how management internally reviews each segment’s performance. Management also makes operational and strategic decisions based on this information. Information below represents reported segments for the three months ended September 30, 2019 and 2018. Operating income from hotel operations consist of the operation of the hotel and operation of the garage. Operating income for rental properties consists of rental income. Operating loss for investment transactions consist of net investment gains (losses), impairment loss on other investments, net unrealized gain (loss) on other investments, dividend and interest income and trading and margin interest expense. The other segment consists of corporate general and administrative expenses and the income tax expense for the entire Company. As of and for the three months Hotel Real Estate Investment ended September 30, 2019 Operations Operations Transactions Corporate Total Revenues $ 15,429,000 $ 3,717,000 $ - $ - $ 19,146,000 Segment operating expenses (11,348,000 ) (1,950,000 ) - (760,000 ) (14,058,000 ) Segment income (loss) from operations 4,081,000 1,767,000 - (760,000 ) 5,088,000 Interest expense (1,792,000 ) (605,000 ) - - (2,397,000 ) Depreciation and amortization expense (593,000 ) (620,000 ) - - (1,213,000 ) Loss from investments - - (612,000 ) - (612,000 ) Income tax expense - - - (222,000 ) (222,000 ) Net income (loss) $ 1,696,000 $ 542,000 $ (612,000 ) $ (982,000 ) $ 644,000 Total assets $ 62,071,000 $ 51,421,000 $ 9,101,000 $ 7,268,000 $ 129,861,000 For the three months Hotel Real Estate Investment ended September 30, 2018 Operations Operations Transactions Corporate Total Revenues $ 15,810,000 $ 3,679,000 $ - $ - $ 19,489,000 Segment operating expenses (10,810,000 ) (2,012,000 ) - (643,000 ) (13,465,000 ) Segment income (loss) from operations 5,000,000 1,667,000 - (643,000 ) 6,024,000 Interest expense (1,814,000 ) (751,000 ) - - (2,565,000 ) Depreciation and amortization expense (642,000 ) (601,000 ) - - (1,243,000 ) Loss from investments - - (378,000 ) - (378,000 ) Income tax expense - - - (710,000 ) (710,000 ) Net income (loss) $ 2,544,000 $ 315,000 $ (378,000 ) $ (1,353,000 ) $ 1,128,000

Related Party and Other Financi

Related Party and Other Financing Transactions	3 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party and Other Financing Transactions	NOTE 11 – RELATED PARTY AND OTHER FINANCING TRANSACTIONS The following summarizes the balances of related party and other notes payable as of September 30, 2019 and June 30, 2019, respectively. As of 9/30/2019 6/30/2019 Note payable - Hilton $ 3,246,000 $ 3,325,000 Note payable - Interstate 1,833,000 1,896,000 Other notes payable 27,000 40,000 Total related party and other notes payable $ 5,106,000 $ 5,261,000 Note payable to Hilton (Franchisor) is a self-exhausting, interest free development incentive note which is reduced by approximately $316,000 annually through 2030 by Hilton if the Partnership is still a Franchisee with Hilton. On February 1, 2017, Justice entered into an HMA with Interstate to manage the Hotel with an effective takeover date of February 3, 2017. The term of the management agreement is for an initial period of 10 years commencing on the takeover date and automatically renews for an additional year not to exceed five years in aggregate subject to certain conditions. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the amount of $2,000,000 under certain terms and conditions described in a separate key money agreement. The key money contribution shall be amortized in equal monthly amounts over an eight (8) year period commencing on the second (2 nd As of September 30, 2019, the Company had finance lease obligations outstanding of $1,385,000. These finance leases expire in various years through 2023 at rates ranging from 5.77% to 6.25% per annum. Minimum future lease payments for assets under finance leases as of September 30, 2019 are as follows: For the year ending June 30, 2020 $ 369,000 2021 492,000 2022 482,000 2023 183,000 Total minimum lease payments 1,526,000 Less interest on finance lease (141,000 ) Present value of future minimum lease payments $ 1,385,000 Future minimum principal payments for all related party and other financing transactions are as follows: For the year ending June 30, 2020 $ 764,000 2021 3,991,000 2022 1,022,000 2023 744,000 2024 567,000 Thereafter 2,388,000 $ 9,476,000 In July 2018, InterGroup obtained a revolving $5,000,000 line of credit (“RLOC”) from CIBC Bank USA (“CIBC”). On July 31, 2018, $2,969,000 was drawn from the RLOC to pay off the mortgage note payable at Intergroup Woodland Village, Inc. (“Woodland Village”) and a new mortgage note payable was established at Woodland Village due to InterGroup for the amount drawn. Woodland Village holds a three-story apartment complex in Santa Monica, California and is 55.4% and 44.6% owned by Santa Fe and the Company, respectively. The RLOC carries a variable interest rate of 30-day LIBOR plus 3%. Interest is paid on a monthly basis. The RLOC and all accrued and unpaid interest were due in July 2019. In July 2019, the Company obtained a modification from CIBC which increased the RLOC by $3,000,000 and extended the maturity date from July 24, 2019 to July 23, 2020. The $2,969,000 mortgage due to InterGroup carries same terms as InterGroup’s RLOC. Effective May 12, 2017, InterGroup agreed to become an additional guarantor under the limited guaranty and an additional indemnitor under environmental indemnity for Justice Investors limited partnership’s $97,000,000 mortgage loan and the $20,000,000 mezzanine loan, in order to maintain certain minimum net worth and liquidity guarantor covenant requirements that Portsmouth was unable to satisfy independently as of March 31, 2017. All of the Portsmouth directors serve as directors of InterGroup. Three of those directors also serve as directors of Santa Fe. The three Santa Fe directors also serve as directors of InterGroup. As Chairman of the Securities Investment Committee, the Company’s President and Chief Executive Officer (CEO), John V. Winfield, directs the investment activity of the Company in public and private markets pursuant to authority granted by the Board of Directors. Mr. Winfield also serves as Chief Executive Officer and Chairman of the Portsmouth and Santa Fe and oversees the investment activity of those companies. Depending on certain market conditions and various risk factors, the Chief Executive Officer, Portsmouth and Santa Fe may, at times, invest in the same companies in which the Company invests. Such investments align the interests of the Company with the interests of related parties because it places the personal resources of the Chief Executive Officer and the resources of the Portsmouth and Santa Fe, at risk in substantially the same manner as the Company in connection with investment decisions made on behalf of the Company.

Accounts Payable and Other Liab

Accounts Payable and Other Liabilities - Justice	3 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Accounts Payable and Other Liabilities - Justice	NOTE 12 – ACCOUNTS PAYABLE AND OTHER LIABILITIES - JUSTICE The following summarizes the balances of accounts payable and other liabilities – Justice as of September 30, 2019 and June 30, 2019. As of 9/30/2019 6/30/2019 Trade payable $ 1,581,000 $ 1,792,000 Advance deposits 1,161,000 1,215,000 Property tax payable 1,538,000 1,046,000 Payroll and related accruals 2,639,000 2,584,000 Interest payable 411,000 412,000 Withholding and other taxes payable 1,193,000 1,831,000 Security deposit 52,000 52,000 Other payables 2,183,000 2,366,000 Total accounts payable and other liabilities - Justice $ 10,758,000 $ 11,298,000

Accounts Payable and Other Li_2

Accounts Payable and Other Liabilities	3 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Accounts Payable and Other Liabilities	NOTE 13 – ACCOUNTS PAYABLE AND OTHER LIABILITIES The following summarizes the balances of accounts payable and other liabilities as of September 30, 2019 and June 30, 2019. As of 9/30/2019 6/30/2019 Trade payable $ 760,000 $ 521,000 Advance deposits 354,000 378,000 Property tax payable 1,038,000 595,000 Payroll and related accruals 50,000 47,000 Interest payable 219,000 221,000 Withholding and other taxes payable 1,329,000 1,108,000 Security deposit 751,000 736,000 Other payables 194,000 160,000 Total accounts payable and other liabilities $ 4,695,000 $ 3,766,000

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Due to Securities Broker	Due to Securities Broker Various securities brokers have advanced funds to the Company for the purchase of marketable securities under standard margin agreements. These advanced funds are recorded as a liability.
Obligations for Securities Sold	Obligations for Securities Sold Obligation for securities sold represents the fair market value of shares sold with the promise to deliver that security at some future date and the fair market value of shares underlying the written call options with the obligation to deliver that security when and if the option is exercised. The obligation may be satisfied with current holdings of the same security or by subsequent purchases of that security. Unrealized gains and losses from changes in the obligation are included in the condensed consolidated statements of operations.
Income Tax	Income Tax The Company consolidates Justice (“Hotel”) for financial reporting purposes and is not taxed on its non-controlling interest in the Hotel. The income tax expense during the three months ended September 30, 2019 and 2018 represent the income tax effect on the Company’s pretax income which includes its share in the net income of the Hotel. For the three months ended September 30, 2018, the income tax expense includes adjustments relating to the changes in the deferred tax assets as a result of tax law changes.
Financial Condition and Liquidity	Financial Condition and Liquidity The Company’s cash flows are primarily generated from the ownership and management of real estate. To fund the redemption of limited partnership interests and to repay the prior mortgage of $42,940,000, Justice obtained a $97,000,000 mortgage loan and a $20,000,000 mezzanine loan in December 2013. The mortgage loan is secured by the Partnership’s principal asset, the Hotel. The mortgage loan bears an interest rate of 5.275% per annum with interest only payments due through January 2017. Beginning in February 2017, the loan began to amortize over a thirty-year period through its maturity date of January 2024. Outstanding principal balance on the loan was $93,397,000 and $93,746,000 as of September 30, 2019 and June 30, 2019, respectively. As additional security for the mortgage loan, there is a limited guaranty executed by Portsmouth in favor of the mortgage lender. The mezzanine loan is secured by the Operating membership interest held by Mezzanine and is subordinated to the Mortgage Loan. The mezzanine interest only loan had an interest rate of 9.75% per annum and a maturity date of January 1, 2024. As additional security for the mezzanine loan, there is a limited guaranty executed by Portsmouth in favor of the mezzanine lender. Effective as of May 11, 2017, InterGroup agreed to become an additional guarantor under the limited guaranty and an additional indemnitor under the environmental indemnity for Justice Investors limited partnership’s $97,000,000 mortgage loan and the $20,000,000 mezzanine loan. Pursuant to the agreement, InterGroup is required to maintain a certain net worth and liquidity. As of September 30, 2019, InterGroup is in compliance with both requirements. On July 31, 2019, Mezzanine refinanced the mezzanine loan by entering into a new mezzanine loan agreement (“New Mezzanine Loan Agreement”) with Cred Reit Holdco LLC in the amount of $20,000,000. The prior Mezzanine Loan which had a 9.75% per annum interest rate was paid off. Interest rate on the new mezzanine loan is 7.25% and the loan matures on January 1, 2024. Interest only payments are due monthly. In July 2018, InterGroup obtained a revolving $5,000,000 line of credit (“RLOC”) from CIBC Bank USA (“CIBC”). On July 31, 2018, $2,969,000 was drawn from the RLOC to pay off the mortgage note payable at Intergroup Woodland Village, Inc. (“Woodland Village”) and a new mortgage note payable was established at Woodland Village due to InterGroup for the amount drawn. Woodland Village holds a three-story apartment complex in Santa Monica, California and is 55.4% and 44.6% owned by Santa Fe and the Company, respectively. The RLOC carries a variable interest rate of 30-day LIBOR plus 3%. Interest is paid on a monthly basis. The RLOC and all accrued and unpaid interest were due in July 2019. In July 2019, the Company obtained a modification from CIBC which increased the RLOC by $3,000,000 and extended the maturity date from July 24, 2019 to July 23, 2020. The $2,969,000 mortgage due to InterGroup carries same terms as InterGroup’s RLOC. On August 31, 2018, $1,005,000 was drawn from the RLOC to pay off a mortgage note payable on a single-family house located in Los Angeles, California. On September 28, 2018, the Company obtained a new mortgage in the amount of $1,000,000 on the same property. The interest rate on the new loan is fixed at 4.75% per annum for the first five years and variable for the remaining of the term. The note matures in October 2048. Net proceeds of $995,000 received as a result of the refinance was used to pay down the RLOC. The Hotel has continued to generate positive operating income. While the debt service requirements related to the loans may create some additional risk for the Company and its ability to generate cash flows in the future, management believes that cash flows from the operations of the Hotel and the garage will continue to be sufficient to meet all of the Partnership’s current and future obligations and financial requirements. The Company has invested in short-term, income-producing instruments and in equity and debt securities when deemed appropriate. The Company’s marketable securities are classified as trading with unrealized gains and losses recorded through the consolidated statements of operations. Management believes that its cash, marketable securities, and the cash flows generated from its real estate assets, will be adequate to meet the Company’s current and future obligations. Additionally, management believes there is significant appreciated value in the Hotel property to support additional borrowings, if necessary. The following table provides a summary as of September 30, 2019, the Company’s material financial obligations which also including interest payments. 9 Months Year Year Year Year Total 2020 2021 2022 2023 2024 Thereafter Mortgage and subordinated notes payable $ 171,849,000 $ 2,315,000 $ 12,483,000 $ 3,095,000 $ 37,812,000 $ 107,655,000 $ 8,489,000 Other notes payable 9,476,000 764,000 3,991,000 1,022,000 744,000 567,000 2,388,000 Interest 35,825,000 6,748,000 8,601,000 8,148,000 7,013,000 3,401,000 1,914,000 Total $ 217,150,000 $ 9,827,000 $ 25,075,000 $ 12,265,000 $ 45,569,000 $ 111,623,000 $ 12,791,000
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-02, Leases (Topic 842) Leases (Topic 842): Targeted Improvements On June 16, 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Financial Obligations Including Interest Payments	The following table provides a summary as of September 30, 2019, the Company’s material financial obligations which also including interest payments. 9 Months Year Year Year Year Total 2020 2021 2022 2023 2024 Thereafter Mortgage and subordinated notes payable $ 171,849,000 $ 2,315,000 $ 12,483,000 $ 3,095,000 $ 37,812,000 $ 107,655,000 $ 8,489,000 Other notes payable 9,476,000 764,000 3,991,000 1,022,000 744,000 567,000 2,388,000 Interest 35,825,000 6,748,000 8,601,000 8,148,000 7,013,000 3,401,000 1,914,000 Total $ 217,150,000 $ 9,827,000 $ 25,075,000 $ 12,265,000 $ 45,569,000 $ 111,623,000 $ 12,791,000

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table present our Hotel revenue disaggregated by revenue streams. For the three months ended September 30, 2019 2018 Hotel revenues: Hotel rooms $ 13,314,000 $ 13,522,000 Food and beverage 1,222,000 1,449,000 Garage 736,000 774,000 Other operating departments 157,000 65,000 Total hotel revenue $ 15,429,000 $ 15,810,000

Investment in Hotel, Net (Table

Investment in Hotel, Net (Tables)	3 Months Ended
	Sep. 30, 2019
Investments, All Other Investments [Abstract]
Schedule of Investment in Hotel	Investment in hotel consisted of the following as of: Accumulated Net Book September 30, 2019 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 521,000 (61,000 ) 460,000 Furniture and equipment 31,209,000 (27,041,000 ) 4,168,000 Building and improvements 63,879,000 (31,379,000 ) 32,500,000 Investment in Hotel, net $ 98,347,000 $ (58,481,000 ) $ 39,866,000 Accumulated Net Book June 30, 2019 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 521,000 (35,000 ) 486,000 Furniture and equipment 30,585,000 (26,842,000 ) 3,743,000 Building and improvements 63,879,000 (31,010,000 ) 32,869,000 Investment in Hotel, net $ 97,723,000 $ (57,887,000 ) $ 39,836,000

Investment in Real Estate, Net

Investment in Real Estate, Net (Tables)	3 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
Schedule of Investment in Real Estate	Investment in real estate consisted of the following: As of September 30, 2019 June 30, 2019 Land $ 23,566,000 $ 23,566,000 Buildings, improvements and equipment 68,636,000 68,369,000 Accumulated depreciation (42,248,000 ) (41,629,000 ) 49,954,000 50,306,000 Land held for development 1,467,000 1,467,000 Investment in real estate, net $ 51,421,000 $ 51,773,000

Investment in Marketable Secu_2

Investment in Marketable Securities (Tables)	3 Months Ended
	Sep. 30, 2019
Investment In Marketable Securities
Schedule of Trading Securities	Trading securities are summarized as follows: Gross Gross Net Fair Investment Cost Unrealized Gain Unrealized Loss Unrealized Loss Value As of September 30, 2019 Corporate Equities $ 10,846,000 $ 1,786,000 $ (4,095,000 ) $ (2,309,000 ) $ 8,537,000 As of June 30, 2019 Corporate Equities $ 19,204,000 $ 1,753,000 $ (11,261,000 ) $ (9,508,000 ) $ 9,696,000
Schedule of Net Loss on Marketable Securities Comprising of Realized and Unrealized Gains (Losses)	Below is the composition of net loss on marketable securities for the three months ended September 30, 2019 and 2018, respectively: For the three months ended September 30, 2019 2018 Realized loss on marketable securities $ (74,000 ) $ (8,000 ) Unrealized (loss) gain on marketable securities (71,000 ) 217,000 Unrealized loss on marketable securities related to Comstock (304,000 ) (380,000 ) Net loss on marketable securities $ (449,000 ) $ (171,000 )

Other Investments, Net (Tables)

Other Investments, Net (Tables)	3 Months Ended
	Sep. 30, 2019
Other Investments [Abstract]
Schedule of Other Investments, Net	Other investments, net consist of the following: Type September 30, 2019 June 30, 2019 Private equity hedge fund, at cost $ 376,000 $ 376,000 Other preferred stock, at cost 188,000 236,000 $ 564,000 $ 612,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement on Recurring Basis	The assets measured at fair value on a recurring basis are as follows: 9/30/2019 6/30/2019 As of Total - Level 1 Total - Level 1 Assets: Investment in marketable securities: REITs and real estate companies $ 3,061,000 $ 3,069,000 Energy 1,364,000 950,000 Consumer cyclical 1,320,000 1,448,000 Corporate bonds 1,214,000 1,420,000 Financial services 602,000 951,000 Basic material 543,000 829,000 Technology 224,000 651,000 Healthcare 114,000 185,000 Industrials 95,000 193,000 $ 8,537,000 $ 9,696,000
Schedule of Fair Value Measurements on Non-recurring Basis	The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows: Net loss for the three months Assets Level 3 September 30, 2019 ended September 30, 2019 Other non-marketable investments $ 564,000 $ 564,000 $ - Net loss for the three months Assets Level 3 June 30, 2019 ended September 30, 2018 Other non-marketable investments $ 612,000 $ 612,000 $ -

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	3 Months Ended
	Sep. 30, 2019
Restricted Cash and Cash Equivalents [Abstract]
Schedule of 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 $ 12,194,000 $ 11,837,000 Restricted cash 13,230,000 13,295,000 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 25,424,000 $ 25,132,000

Stock Based Compensation Plans

Stock Based Compensation Plans (Tables)	3 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following table summarizes the stock options activity from July 1, 2018 through September 30, 2019: Number of Weighted Average Weighted Average Aggregate Shares Exercise Price Remaining Life Intrinsic Value Oustanding at July 1, 2018 368,000 $ 17.21 4.17 $ 3,505,000 Granted - - Exercised (26,805 ) 20.52 Forfeited - - Exchanged - - Outstanding at June 30, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Exercisable at June 30, 2019 330,395 $ 16.62 2.92 years $ 4,643,000 Vested and Expected to vest at June 30, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Oustanding at July 1, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Granted - - Exercised - - Forfeited - - Exchanged - - Outstanding at September 30, 2019 341,195 $ 16.95 2.82 years $ 4,369,000 Exercisable at September 30, 2019 330,395 $ 16.62 2.67 years $ 4,342,000 Vested and Expected to vest at September 30, 2019 341,195 $ 16.95 2.82 years $ 4,369,000

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	As of and for the three months Hotel Real Estate Investment ended September 30, 2019 Operations Operations Transactions Corporate Total Revenues $ 15,429,000 $ 3,717,000 $ - $ - $ 19,146,000 Segment operating expenses (11,348,000 ) (1,950,000 ) - (760,000 ) (14,058,000 ) Segment income (loss) from operations 4,081,000 1,767,000 - (760,000 ) 5,088,000 Interest expense (1,792,000 ) (605,000 ) - - (2,397,000 ) Depreciation and amortization expense (593,000 ) (620,000 ) - - (1,213,000 ) Loss from investments - - (612,000 ) - (612,000 ) Income tax expense - - - (222,000 ) (222,000 ) Net income (loss) $ 1,696,000 $ 542,000 $ (612,000 ) $ (982,000 ) $ 644,000 Total assets $ 62,071,000 $ 51,421,000 $ 9,101,000 $ 7,268,000 $ 129,861,000 For the three months Hotel Real Estate Investment ended September 30, 2018 Operations Operations Transactions Corporate Total Revenues $ 15,810,000 $ 3,679,000 $ - $ - $ 19,489,000 Segment operating expenses (10,810,000 ) (2,012,000 ) - (643,000 ) (13,465,000 ) Segment income (loss) from operations 5,000,000 1,667,000 - (643,000 ) 6,024,000 Interest expense (1,814,000 ) (751,000 ) - - (2,565,000 ) Depreciation and amortization expense (642,000 ) (601,000 ) - - (1,243,000 ) Loss from investments - - (378,000 ) - (378,000 ) Income tax expense - - - (710,000 ) (710,000 ) Net income (loss) $ 2,544,000 $ 315,000 $ (378,000 ) $ (1,353,000 ) $ 1,128,000

Related Party and Other Finan_2

Related Party and Other Financing Transactions (Tables)	3 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Summary of Related Party and Other Notes Payable	The following summarizes the balances of related party and other notes payable as of September 30, 2019 and June 30, 2019, respectively. As of 9/30/2019 6/30/2019 Note payable - Hilton $ 3,246,000 $ 3,325,000 Note payable - Interstate 1,833,000 1,896,000 Other notes payable 27,000 40,000 Total related party and other notes payable $ 5,106,000 $ 5,261,000
Schedule of Minimum Future Lease Payments	Minimum future lease payments for assets under finance leases as of September 30, 2019 are as follows: For the year ending June 30, 2020 $ 369,000 2021 492,000 2022 482,000 2023 183,000 Total minimum lease payments 1,526,000 Less interest on finance lease (141,000 ) Present value of future minimum lease payments $ 1,385,000
Schedule of Future Minimum Principal Payments	Future minimum principal payments for all related party and other financing transactions are as follows: For the year ending June 30, 2020 $ 764,000 2021 3,991,000 2022 1,022,000 2023 744,000 2024 567,000 Thereafter 2,388,000 $ 9,476,000

Accounts Payable and Other Li_3

Accounts Payable and Other Liabilities - Justice (Tables)	3 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Other Liabilities Justice	The following summarizes the balances of accounts payable and other liabilities – Justice as of September 30, 2019 and June 30, 2019. As of 9/30/2019 6/30/2019 Trade payable $ 1,581,000 $ 1,792,000 Advance deposits 1,161,000 1,215,000 Property tax payable 1,538,000 1,046,000 Payroll and related accruals 2,639,000 2,584,000 Interest payable 411,000 412,000 Withholding and other taxes payable 1,193,000 1,831,000 Security deposit 52,000 52,000 Other payables 2,183,000 2,366,000 Total accounts payable and other liabilities - Justice $ 10,758,000 $ 11,298,000

Accounts Payable and Other Li_4

Accounts Payable and Other Liabilities (Tables)	3 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Other Liabilities	The following summarizes the balances of accounts payable and other liabilities as of September 30, 2019 and June 30, 2019. As of 9/30/2019 6/30/2019 Trade payable $ 760,000 $ 521,000 Advance deposits 354,000 378,000 Property tax payable 1,038,000 595,000 Payroll and related accruals 50,000 47,000 Interest payable 219,000 221,000 Withholding and other taxes payable 1,329,000 1,108,000 Security deposit 751,000 736,000 Other payables 194,000 160,000 Total accounts payable and other liabilities $ 4,695,000 $ 3,766,000

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies (Details Narrative) - USD ($)	Jul. 31, 2019	Sep. 28, 2018	Aug. 31, 2018	Jul. 31, 2018	Jul. 31, 2018	Jul. 31, 2019	Dec. 31, 2013	Sep. 30, 2019	Jun. 30, 2019	May 12, 2017	May 11, 2017
Agreement description								Justice entered into a Hotel management agreement ("HMA") with Interstate Management Company, LLC ("Interstate") to manage the Hotel, along with its five-level parking garage, with an effective takeover date of February 3, 2017. The term of the management agreement is for an initial period of ten years commencing on the takeover date and automatically renews for successive one (1) year periods, to not exceed five years in the aggregate, subject to certain conditions. Under the terms on the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. On August 29, 2019, Interstate announced that it entered into a definitive agreement to merge with Aimbridge Hospitality. The transaction is subject to regulatory and customary closing conditions and is expected to be completed by the end of calendar year 2019.
Repayment of prior mortgage amount							$ 42,940,000
Loan amount		$ 1,000,000
Bears interest percentage		4.75%
Loan outstanding amount								$ 93,397,000	$ 93,746,000
Drawn to pay off mortgage note payable			$ 1,005,000
Maturity date description		The note matures in October 2048
Debt instrument term		5 years
Net proceeds from line of credit		$ 995,000
Mortgage Loan [Member]
Loan amount							$ 97,000,000
Bears interest percentage							5.275%
Debt maturity date							Jan. 31, 2024
Mezzanine Loan [Member]
Loan amount							$ 20,000,000
Bears interest percentage							9.75%
Debt maturity date							Jan. 1, 2024
InterGroup [Member]
Power to vote percentage interest				44.60%	44.60%
Variable interest rate LIBOR				The RLOC carries a variable interest rate of 30-day LIBOR plus 3%.
Mortgage due to related party amount	$ 2,969,000					$ 2,969,000
Maturity date description						July 24, 2019 to July 23, 2020
Increase in line of credit facility						$ 3,000,000
InterGroup [Member] | CIBC Bank [Member]
Revolving lie of credit amount				$ 5,000,000	$ 5,000,000
InterGroup [Member] | Mortgage Loan [Member]
Loan amount										$ 97,000,000	$ 97,000,000
InterGroup [Member] | Mezzanine Loan [Member]
Loan amount										$ 20,000,000	$ 20,000,000
Portsmouth [Member]
Ownership interest percentage								68.80%
Portsmouth [Member] | InterGroup [Member]
Ownership interest percentage								13.40%
Santa Fe [Member]
Power to vote percentage interest				55.40%	55.40%			86.30%
Santa Fe [Member] | Chairman and President [Member]
Power to vote percentage interest								4.00%
Cred Reit Holdco LLC [Member] | New Mezzanine Loan Agreement [Member]
Loan amount	$ 20,000,000					$ 20,000,000
Bears interest percentage	7.25%
Debt maturity date	Jan. 1, 2024
Annum interest rate paid off percentage	9.75%					9.75%
Intergroup Woodland Village, Inc [Member]
Drawn to pay off mortgage note payable					$ 2,969,000

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Summary of Financial Obligations Including Interest Payments (Details)	Sep. 30, 2019USD ($)
Mortgage and subordinated notes payable	$ 171,849,000
Other notes payable	9,476,000
Interest	35,825,000
Total	217,150,000
9 Months 2020 [Member]
Mortgage and subordinated notes payable	2,315,000
Other notes payable	764,000
Interest	6,748,000
Total	9,827,000
Year 2021 [Member]
Mortgage and subordinated notes payable	12,483,000
Other notes payable	3,991,000
Interest	8,601,000
Total	25,075,000
Year 2022 [Member]
Mortgage and subordinated notes payable	3,095,000
Other notes payable	1,022,000
Interest	8,148,000
Total	12,265,000
Year 2023 [Member]
Mortgage and subordinated notes payable	37,812,000
Other notes payable	744,000
Interest	7,013,000
Total	45,569,000
Year 2024 [Member]
Mortgage and subordinated notes payable	107,655,000
Other notes payable	567,000
Interest	3,401,000
Total	111,623,000
Thereafter [Member]
Mortgage and subordinated notes payable	8,489,000
Other notes payable	2,388,000
Interest	1,914,000
Total	$ 12,791,000

Revenue (Details Narrative)

Revenue (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Contract with customer, liability	$ 1,215,000	$ 1,161,000
Contract with customer, liability, revenue recognized	$ 620,000

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Total hotel revenue	$ 19,146,000	$ 19,489,000
Hotel Rooms [Member]
Total hotel revenue	13,314,000	13,522,000
Food and Beverage [Member]
Total hotel revenue	1,222,000	1,449,000
Garage [Member]
Total hotel revenue	736,000	774,000
Other Operating Departments [Member]
Total hotel revenue	157,000	65,000
Hotel [Member]
Total hotel revenue	$ 15,429,000	$ 15,810,000

Investment in Hotel, Net - Sche

Investment in Hotel, Net - Schedule of Investment in Hotel (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Cost	$ 98,347,000	$ 97,723,000
Accumulated Depreciation	(58,481,000)	(57,887,000)
Net Book Value	39,866,000	39,836,000
Land [Member]
Cost	2,738,000	2,738,000
Accumulated Depreciation
Net Book Value	2,738,000	2,738,000
Finance Lease ROU Assets [Member]
Cost	521,000	521,000
Accumulated Depreciation	(61,000)	(35,000)
Net Book Value	460,000	486,000
Furniture and Equipment [Member]
Cost	31,209,000	30,585,000
Accumulated Depreciation	(27,041,000)	(26,842,000)
Net Book Value	4,168,000	3,743,000
Building and Improvements [Member]
Cost	63,879,000	63,879,000
Accumulated Depreciation	(31,379,000)	(31,010,000)
Net Book Value	$ 32,500,000	$ 32,869,000

Investment in Real Estate, Ne_2

Investment in Real Estate, Net - Schedule of Investment in Real Estate (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Real estate investment, Gross	$ 49,954,000	$ 50,306,000
Real estate investment, Accumulated Depreciation	(42,248,000)	(41,629,000)
Real estate investment, land held for development	1,467,000	1,467,000
Real estate investment, Net	51,421,000	51,773,000
Land [Member]
Real estate investment, Gross	23,566,000	23,566,000
Buildings, Improvements and Equipment [Member]
Real estate investment, Gross	$ 68,636,000	$ 68,369,000

Investment in Marketable Secu_3

Investment in Marketable Securities (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Unrealized losses related to securities	$ 304,000	$ 380,000
Comstock [Member]
Investment marketable securities percentage	5.00%		7.00%
Unrealized losses related to securities	$ 3,829,000		$ 11,088,000
Unrealized losses related to investment	$ 3,616,000		10,900,000
Decrease in unrealized losses of reclassing			$ 7,586,000

Investment in Marketable Secu_4

Investment in Marketable Securities - Schedule of Trading Securities (Details) - Corporate Equities [Member] - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019
Cost	$ 10,846,000	$ 19,204,000
Gross unrealized gain	1,786,000	1,753,000
Gross unrealized loss	(4,095,000)	(11,261,000)
Net unrealized loss	(2,309,000)	(9,508,000)
Fair value	$ 8,537,000	$ 9,696,000

Investment in Marketable Secu_5

Investment in Marketable Securities - Schedule of Net Loss on Marketable Securities Comprising of Realized and Unrealized Gains (Losses) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Realized loss on marketable securities	$ (74,000)	$ (8,000)
Unrealized (loss) gain on marketable securities	(375,000)	(163,000)
Unrealized loss on marketable securities related to Comstock	(304,000)	(380,000)
Net loss on marketable securities	$ (449,000)	$ (171,000)

Other Investments, Net - Schedu

Other Investments, Net - Schedule of Other Investments, Net (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Other investments	$ 564,000	$ 612,000
Private Equity Hedge Fund, at Cost [Member]
Other investments	376,000	376,000
Other Preferred Stock, at Cost [Member]
Other investments	$ 188,000	$ 236,000

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Proceeds from other investments	$ 48,000	$ 80,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurement on Recurring Basis (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Investment in marketable securities	$ 8,537,000	$ 9,696,000
Level 1 [Member]
Investment in marketable securities	8,537,000	9,696,000
Level 1 [Member] | REITs and Real Estate Companies [Member]
Investment in marketable securities	3,061,000	3,069,000
Level 1 [Member] | Energy [Member]
Investment in marketable securities	1,364,000	950,000
Level 1 [Member] | Consumer Cyclical [Member]
Investment in marketable securities	1,320,000	1,448,000
Level 1 [Member] | Corporate Bonds [Member]
Investment in marketable securities	1,214,000	1,420,000
Level 1 [Member] | Financial Services [Member]
Investment in marketable securities	602,000	951,000
Level 1 [Member] | Basic Material [Member]
Investment in marketable securities	543,000	829,000
Level 1 [Member] | Technology [Member]
Investment in marketable securities	224,000	651,000
Level 1 [Member] | Healthcare [Member]
Investment in marketable securities	114,000	185,000
Level 1 [Member] | Industrials [Member]
Investment in marketable securities	$ 95,000	$ 193,000

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Measurements on Non-recurring Basis (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Other non-marketable investments	$ 564,000		$ 612,000
Net loss
Level 3 [Member]
Other non-marketable investments	$ 564,000		$ 612,000

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Restricted Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 12,194,000	$ 11,837,000
Restricted cash	13,230,000	13,295,000
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 25,424,000	$ 25,132,000

Stock Based Compensation Plan_2

Stock Based Compensation Plans (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Stock Based Compensation [Line Items]
Stock based compensation		$ 8,000	$ 30,000
Unamortized compensation related to stock option		$ 36,000
Recognised weighted average period		2 years 5 months 1 day
Share based compensation arrangement by share based payment awards exercised				26,805
John V. Winfield [Member] | Vested Incentive Stock Options [Member]
Stock Based Compensation [Line Items]
Share based compensation arrangement by share based payment awards exercised	26,805
Share based compensation arrangement by share based payment options surrendered	17,439
Share based compensation arrangement by share based payment option shares issued	9,366

Stock Based Compensation Plan_3

Stock Based Compensation Plans - Schedule of Stock Option Activity (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Number of Shares, Outstanding, Beginning Balance	341,195	368,000
Number of Shares, Granted
Number of Shares, Exercised		(26,805)
Number of Shares, Forfeited
Number of Shares, Exchanged
Number of Shares, Outstanding, Ending Balance	341,195	341,195
Number of Shares, Exercisable, Ending Balance	330,395	330,395
Number of Shares, Vested and expected to vest, Ending Balance	341,195	341,195
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 16.95	$ 17.21
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Exercised		20.52
Weighted Average Exercise Price, Forfeited
Weighted Average Exercise Price, Exchanged
Weighted Average Exercise Price, Outstanding, Ending Balance	16.95	16.95
Weighted Average Exercise Price, Exercisable, Ending Balance	16.62	16.62
Weighted Average Exercise Price, Vested and expected to vest, Ending Balance	$ 16.95	$ 16.95
Weighted Average Remaining Life, Outstanding, Beginning Balance	3 years 26 days	4 years 2 months 1 day
Weighted Average Remaining Life, Outstanding, Ending Balance	2 years 9 months 25 days	3 years 26 days
Weighted Average Remaining Life, Exercisable, Ending Balance	2 years 8 months 2 days	2 years 11 months 1 day
Weighted Average Remaining Life, Vested and expected to vestEnding Balance	2 years 9 months 25 days	3 years 26 days
Aggregate Intrinsic Value, Outstanding, Beginning Balance	$ 4,680,000	$ 3,505,000
Aggregate Intrinsic Value, Outstanding, Ending Balance	4,369,000	4,680,000
Aggregate Intrinsic Value, Exercisable, Ending Balance	4,342,000	4,643,000
Aggregate Intrinsic Value, Vested and expected to vest, Ending Balance	$ 4,369,000	$ 4,680,000

Segment Information (Details Na

Segment Information (Details Narrative)	3 Months Ended
	Sep. 30, 2019Integer
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 19,146,000	$ 19,489,000
Segment operating expenses	(14,058,000)	(13,465,000)
Segment income (loss) from operations	3,875,000	4,781,000
Interest expense	(2,397,000)	(2,565,000)
Depreciation and amortization expense	(1,213,000)	(1,243,000)
Loss from investments	(612,000)	(378,000)
Income tax expense	(222,000)	(710,000)
Net income (loss)	644,000	1,128,000
Total assets	129,861,000		$ 130,879,000
Hotel Operations [Member]
Segment Reporting Information [Line Items]
Revenues	15,429,000	15,810,000
Segment operating expenses	(11,348,000)	(10,810,000)
Segment income (loss) from operations	4,081,000	5,000,000
Interest expense	(1,792,000)	(1,814,000)
Depreciation and amortization expense	(593,000)	(642,000)
Loss from investments
Income tax expense
Net income (loss)	1,696,000	2,544,000
Total assets	62,071,000
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Revenues	3,717,000	3,679,000
Segment operating expenses	(1,950,000)	(2,012,000)
Segment income (loss) from operations	1,767,000	1,667,000
Interest expense	(605,000)	(751,000)
Depreciation and amortization expense	(620,000)	(601,000)
Loss from investments
Income tax expense
Net income (loss)	542,000	315,000
Total assets	51,421,000
Investment Transactions [Member]
Segment Reporting Information [Line Items]
Revenues
Segment operating expenses
Segment income (loss) from operations
Interest expense
Depreciation and amortization expense
Loss from investments	(612,000)	(378,000)
Income tax expense
Net income (loss)	(612,000)	(378,000)
Total assets	9,101,000
Corporate [Member]
Segment Reporting Information [Line Items]
Revenues
Segment operating expenses	(760,000)	(643,000)
Segment income (loss) from operations	(760,000)	(643,000)
Interest expense
Depreciation and amortization expense
Loss from investments
Income tax expense	(222,000)	(710,000)
Net income (loss)	(982,000)	$ (1,353,000)
Total assets	$ 7,268,000

Related Party and Other Finan_3

Related Party and Other Financing Transactions (Details Narrative) - USD ($)	Sep. 28, 2018	Aug. 31, 2018	Jul. 31, 2018	Jul. 31, 2018	Jul. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	May 12, 2017	May 11, 2017	Dec. 31, 2013
Agreement description						Justice entered into a Hotel management agreement ("HMA") with Interstate Management Company, LLC ("Interstate") to manage the Hotel, along with its five-level parking garage, with an effective takeover date of February 3, 2017. The term of the management agreement is for an initial period of ten years commencing on the takeover date and automatically renews for successive one (1) year periods, to not exceed five years in the aggregate, subject to certain conditions. Under the terms on the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. On August 29, 2019, Interstate announced that it entered into a definitive agreement to merge with Aimbridge Hospitality. The transaction is subject to regulatory and customary closing conditions and is expected to be completed by the end of calendar year 2019.
Key money plus accrued interest amount						$ 999,000	$ 2,049,000
Finance lease obligations						$ 1,385,000	$ 1,486,000
Lease descriptions						These finance leases expire in various years through 2023 at rates ranging from 5.77% to 6.25% per annum.
Drawn to pay off mortgage note payable		$ 1,005,000
Maturity date description	The note matures in October 2048
Mortgage and mezzanine amount	$ 1,000,000
Mortgage Loan [Member]
Mortgage and mezzanine amount										$ 97,000,000
Mezzanine Loan [Member]
Mortgage and mezzanine amount										$ 20,000,000
Intergroup Woodland Village, Inc [Member]
Drawn to pay off mortgage note payable				$ 2,969,000
Santa Fe [Member]
Ownership interest percentage			55.40%	55.40%		86.30%
InterGroup [Member]
Ownership interest percentage			44.60%	44.60%
Variable interest rate LIBOR			The RLOC carries a variable interest rate of 30-day LIBOR plus 3%.
Mortgage due to related party amount					$ 2,969,000
Maturity date description					July 24, 2019 to July 23, 2020
Increase in line of credit facility					$ 3,000,000
InterGroup [Member] | Mortgage Loan [Member]
Mortgage and mezzanine amount								$ 97,000,000	$ 97,000,000
InterGroup [Member] | Mezzanine Loan [Member]
Mortgage and mezzanine amount								$ 20,000,000	$ 20,000,000
InterGroup [Member] | CIBC Bank [Member]
Revolving line of credit			$ 5,000,000	$ 5,000,000
Minimum [Member]
Financial leases, rate per annum						5.77%
Maximum [Member]
Financial leases, rate per annum						6.25%
Hotel Management Agreement [Member]
Agreement description						The term of the management agreement is for an initial period of 10 years commencing on the takeover date and automatically renews for an additional year not to exceed five years in aggregate subject to certain conditions. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the amount of $2,000,000 under certain terms and conditions described in a separate key money agreement. The key money contribution shall be amortized in equal monthly amounts over an eight (8) year period commencing on the second (2nd) anniversary of the takeover date.
Key money incentive fee						$ 2,000,000
Hilton [Member]
Notes reduced						$ 316,000
Debt instrument, payment terms						through 2030

Related Party and Other Finan_4

Related Party and Other Financing Transactions - Summary of Related Party and Other Notes Payable (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Total related party and other notes payable	$ 5,106,000	$ 5,261,000
Note payable - Hilton [Member]
Total related party and other notes payable	3,246,000	3,325,000
Note payable - Interstate [Member]
Total related party and other notes payable	1,833,000	1,896,000
Other Notes Payable [Member]
Total related party and other notes payable	$ 27,000	$ 40,000

Related Party and Other Finan_5

Related Party and Other Financing Transactions - Schedule of Minimum Future Lease Payments (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Related Party Transactions [Abstract]
2020	$ 369,000
2021	492,000
2022	482,000
2023	183,000
Total minimum lease payments	1,526,000
Less interest on finance lease	(141,000)
Present value of future minimum lease payments	$ 1,385,000	$ 1,486,000

Related Party and Other Finan_6

Related Party and Other Financing Transactions - Schedule of Future Minimum Principal Payments (Details) - Related Party Debt and Other Notes Payable [Member]	Sep. 30, 2019USD ($)
2020	$ 764,000
2021	3,991,000
2022	1,022,000
2023	744,000
2024	567,000
Thereafter	2,388,000
Total	$ 9,476,000

Accounts Payable and Other Li_5

Accounts Payable and Other Liabilities - Justice - Schedule of Accounts Payable and Other Liabilities Justice (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Trade payable	$ 760,000	$ 521,000
Advance deposits	354,000	378,000
Property tax payable	1,038,000	595,000
Payroll and related accruals	50,000	47,000
Interest payable	219,000	221,000
Withholding and other taxes payable	1,329,000	1,108,000
Security deposit	751,000	736,000
Other payables	194,000	160,000
Total accounts payable and other liabilities - Justice	10,758,000	11,298,000
Justice [Member]
Trade payable	1,581,000	1,792,000
Advance deposits	1,161,000	1,215,000
Property tax payable	1,538,000	1,046,000
Payroll and related accruals	2,639,000	2,584,000
Interest payable	411,000	412,000
Withholding and other taxes payable	1,193,000	1,831,000
Security deposit	52,000	52,000
Other payables	2,183,000	2,366,000
Total accounts payable and other liabilities - Justice	$ 10,758,000	$ 11,298,000

Accounts Payable and Other Li_6

Accounts Payable and Other Liabilities - Schedule of Accounts Payable and Other Liabilities (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Payables and Accruals [Abstract]
Trade payable	$ 760,000	$ 521,000
Advance deposits	354,000	378,000
Property tax payable	1,038,000	595,000
Payroll and related accruals	50,000	47,000
Interest payable	219,000	221,000
Withholding and other taxes payable	1,329,000	1,108,000
Security deposit	751,000	736,000
Other payables	194,000	160,000
Total accounts payable and other liabilities	$ 4,695,000	$ 3,766,000