The InterGroup Corporation (INTG) 10-K 9 Sep 20 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2020	Sep. 09, 2020	Dec. 31, 2019
Cover [Abstract]
Entity Registrant Name	INTERGROUP CORP
Entity Central Index Key	0000069422
Document Type	10-K
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 29,720,000
Entity Common Stock, Shares Outstanding		2,287,147
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Jun. 30, 2019
ASSETS
Investment in Hotel, net	$ 38,769,000	$ 39,836,000
Investment in real estate, net	50,338,000	51,773,000
Investment in marketable securities	6,178,000	9,696,000
Other investments, net	278,000	612,000
Cash and cash equivalents	14,163,000	11,837,000
Restricted cash	14,123,000	13,295,000
Other assets, net	1,985,000	2,362,000
Deferred tax asset	4,383,000	1,468,000
Total assets	130,217,000	130,879,000
Liabilities:
Accounts payable and other liabilities	4,213,000	3,819,000
Accounts payable and other liabilities - Hotel	7,414,000	11,245,000
Due to securities broker	1,576,000	1,629,000
Obligations for securities sold	294,000	1,225,000
Related party and other notes payable	4,654,000	5,261,000
Other notes payable - SBA Loans	5,172,000
Finance leases	1,098,000	1,486,000
Line of credit payable	2,985,000	2,985,000
Mortgage notes payable - Hotel	111,446,000	113,087,000
Mortgage notes payable - real estate	65,612,000	58,571,000
Total liabilities	204,464,000	199,308,000
Commitments and contingencies - Note 18
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 issued; 2,288,809 and 2,309,962 outstanding as of June 30, 2020 and 2019	33,000	33,000
Additional paid-in capital	6,626,000	10,342,000
Accumulated deficit	(43,541,000)	(39,760,000)
Treasury stock, at cost, 1,116,173 and 1,095,020 shares as of June 30, 2020 and 2019	(14,995,000)	(14,347,000)
Total Intergroup shareholders' deficit	(51,877,000)	(43,732,000)
Noncontrolling interest	(22,370,000)	(24,697,000)
Total shareholders' deficit	(74,247,000)	(68,429,000)
Total liabilities and shareholders' deficit	$ 130,217,000	$ 130,879,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	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	$ 0.01	$ 0.01
Common stock, shares authorized	4,000,000	4,000,000
Common stock, shares issued	3,404,982	3,404,982
Common stock, shares outstanding	2,288,809	2,309,962
Treasury stock, shares	1,116,173	1,095,020

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 58,017,000	$ 74,753,000
Costs and operating expenses:
Depreciation and amortization expense	(4,872,000)	(4,935,000)
General and administrative expense	(2,870,000)	(2,346,000)
Total costs and operating expenses	(53,126,000)	(59,557,000)
Income from operations	4,891,000	15,196,000
Other income (expense):
Interest expense - mortgage	(9,321,000)	(9,788,000)
Loss on disposal of assets		(398,000)
Net loss on marketable securities	(1,913,000)	(1,733,000)
Loss on debt extinguishment	(687,000)
Impairment loss on other investments	(219,000)	(98,000)
Dividend and interest income	363,000	484,000
Trading and margin interest expense	(997,000)	(1,150,000)
Net other expense	(12,774,000)	(12,683,000)
(Loss) Income before income taxes	(7,883,000)	2,513,000
Income tax benefit	2,794,000	301,000
Net (loss) income	(5,089,000)	2,814,000
Less: Net loss (income) attributable to the noncontrolling interest	1,308,000	(1,357,000)
Net (loss) income attributable to InterGroup	$ (3,781,000)	$ 1,457,000
Net (loss) income per share
Basic	$ (2.21)	$ 1.21
Diluted	(2.21)	1.06
Net (loss) income per share attributable to InterGroup
Basic	(1.64)	0.63
Diluted	$ (1.64)	$ 0.55
Weighted average number of common shares outstanding	2,300,059	2,328,156
Weighted average number of diluted shares outstanding	2,623,254	2,658,551
Hotel [Member]
Revenues:
Total revenues	$ 42,839,000	$ 59,881,000
Costs and operating expenses:
Total costs and operating expenses	(37,333,000)	(44,466,000)
Real Estate [Member]
Revenues:
Total revenues	15,178,000	14,872,000
Costs and operating expenses:
Total costs and operating expenses	$ (8,051,000)	$ (7,810,000)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	InterGroup Shareholder' 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
Net income (loss)			1,457,000		1,457,000	1,357,000	2,814,000
Issuance of stock
Issuance of stock, shares	9,366
Stock options expense		76,000			76,000		76,000
Investment in Santa Fe		(256,000)			(256,000)	133,000	(123,000)
Investment in Justice						(150,000)	(150,000)
Purchase of treasury stock				(1,079,000)	(1,079,000)		(1,079,000)
Ending 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)
Ending balance, shares at Jun. 30, 2019	3,404,982
Net income (loss)			(3,781,000)		(3,781,000)	(1,308,000)	(5,089,000)
Stock options expense		142,000			142,000		142,000
Investment in Santa Fe		(4,505,000)			(4,505,000)	3,468,000	(1,037,000)
Purchase of treasury stock				(648,000)	(648,000)		(648,000)
Investment in Portsmouth		(266,000)			(266,000)	167,000	(99,000)
Investment in Woodland		913,000			913,000		913,000
Ending balance at Jun. 30, 2020	$ 33,000	$ 6,626,000	$ (43,541,000)	$ (14,995,000)	$ (51,877,000)	$ (22,370,000)	$ (74,247,000)
Ending balance, shares at Jun. 30, 2020	3,404,982

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net (loss) income	$ (5,089,000)	$ 2,814,000
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Net unrealized loss on marketable securities	1,272,000	927,000
Deferred taxes	(2,915,000)	(1,713,000)
Loss on disposal of assets		398,000
Impairment loss on other investments	219,000	98,000
Depreciation and amortization	4,715,000	4,777,000
Stock compensation expense	142,000	76,000
Changes in assets and liabilities:
Investment in marketable securities	2,246,000	3,218,000
Other assets, net	377,000	2,823,000
Accounts payable and other liabilities - Justice	(3,831,000)	1,352,000
Accounts payable and other liabilities	394,000	467,000
Due to securities broker	(53,000)	(258,000)
Obligations for securities sold	(931,000)	(710,000)
Net cash (used in) provided by operating activities	(3,454,000)	14,269,000
Cash flows from investing activities:
Investment in Hotel, net	(1,292,000)	(1,397,000)
Investment in real estate, net	(1,048,000)	(833,000)
Proceeds from other investments	115,000	103,000
Investment in Santa Fe	(1,037,000)	(123,000)
Investment in Portsmouth	(99,000)
Investment in Woodland	913,000
Investment in Justice		(150,000)
Net cash used in investing activities	(2,448,000)	(2,400,000)
Cash flows from financing activities:
Proceeds from other notes payable - SBA Loans	5,172,000
Net proceeds from (payments of) mortgage and other notes payable	5,303,000	(5,992,000)
Issuance cost from refinance of long-term debt	(771,000)	(162,000)
Proceeds from line of credit		2,985,000
Purchase of treasury stock	(648,000)	(1,079,000)
Net cash provided by (used in) financing activities	9,056,000	(4,248,000)
Net increase in cash, cash equivalents and restricted cash:	3,154,000	7,621,000
Cash, cash equivalents and restricted cash at the beginning of the year	25,132,000	17,511,000
Cash, cash equivalents and restricted cash at the end of the year	28,286,000	25,132,000
Supplemental information:
Income taxes paid (refunds received)	41,000	(1,239,000)
Interests paid	9,440,000	10,011,000
Non-cash transactions:
Additions to Hotel equipment through finance leases	$ 30,000	$ 382,000

Business and Significant Accoun

Business and Significant Accounting Policies and Practices	12 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Business and Significant Accounting Policies and Practices	NOTE 1 - BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES Description of the Business The InterGroup Corporation, a Delaware corporation, (“InterGroup” or the “Company”) was formed to buy, develop, operate and dispose of real property and to engage in various investment activities to benefit the Company and its shareholders. As of June 30, 2020, the Company had the power to vote 87.4% 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 3.7% interest in the common stock in Santa Fe owned by the Company’s Chairman and CEO, John V. Winfield, pursuant to a voting trust agreement entered into on June 30, 1998. Mr. Winfield, Chairman of the Board of both Santa Fe and InterGroup, is a control person of both entities. 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 has a 93.3% limited partnership interest in Justice Investors, a California limited partnership (“Justice” or the “Partnership”) and is the sole general partner. Justice was formed in 1967 to acquire real property in San Francisco, California. As of June 30, 2020, the Partnership has approximately 23 voting limited partners. InterGroup also directly owns approximately 13.7% 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 of the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the form of a self-exhausting, interest free note payable in the amount of $2,000,000 in a separate key money agreement. As of June 30, 2020 and 2019, balance of the key money including accrued interests are $1,009,000 and $2,049,000, respectively, and are included in restricted cash in the consolidated balance sheets. As of June 30, 2020 and 2019, balance of the unamortized portion of the key money are $1,646,000 and $1,896,000, respectively, and are included in the related party notes payable in the consolidated balance sheets. On October 25, 2019, Interstate merged with Aimbridge Hospitality, North America’s largest independent hotel management firm. With the completion of the merger, the newly combined company will be positioned under the Aimbridge Hospitality name in the Americas. In addition to the operations of the Hotel, the Company also generates income from the ownership of real estate. Properties include apartment complexes, commercial real estate, and three single-family houses as strategic investments. The properties are located throughout the United States, but are concentrated in Texas and Southern California. The Company also has investments in unimproved real property. All of the Company’s residential rental properties are managed in-house. Principles of Consolidation The consolidated financial statements include the accounts of the Company and Santa Fe. All significant inter-company transactions and balances have been eliminated. Investment in Hotel, Net Property and equipment are stated at cost. Building improvements are depreciated on a straight-line basis over their useful lives ranging from 3 to 39 years. Furniture, fixtures, and equipment are depreciated on a straight-line basis over their useful lives ranging from 3 to 7 years. Repairs and maintenance are charged to expense as incurred. Costs of significant renewals and improvements are capitalized and depreciated over the shorter of its remaining estimated useful life or life of the asset. The cost of assets sold or retired, and the related accumulated depreciation are removed from the accounts; any resulting gain or loss is included in other income (expenses). The Company reviews property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with generally accepted accounting principles (“GAAP”). If the carrying amount of the asset, including any intangible assets associated with that asset, exceeds its estimated undiscounted net cash flow, before interest, the Partnership will recognize an impairment loss equal to the difference between the asset’s carrying amount and its estimated fair value. If impairment is recognized, the reduced carrying amount of the asset will be accounted for as its new cost. For a depreciable asset, the new cost will be depreciated over the asset’s remaining useful life. Generally, fair values are estimated using discounted cash flow, replacement cost or market comparison analyses. The process of evaluating for impairment requires estimates as to future events and conditions, which are subject to varying market and economic factors. Therefore, it is reasonably possible that a change in estimate resulting from judgments as to future events could occur which would affect the recorded amounts of the property. No impairment losses were recorded for the years ended June 30, 2020 and 2019. Investment in Real Estate, Net Rental properties are stated at cost less accumulated depreciation. Depreciation of rental property is provided on the straight-line method based upon estimated useful lives of 5 to 40 years for buildings and improvements and 5 to 10 years for equipment. Expenditures for repairs and maintenance are charged to expense as incurred and major improvements are capitalized. The Company also reviews its rental property assets for impairment. No impairment losses on the investment in real estate have been recorded for the years ended June 30, 2020 and 2019. The fair value of the tangible assets of an acquired property, which includes land, building and improvements, is determined by valuing the property as if they were vacant, and incorporates costs during the lease-up periods considering current market conditions and costs to execute similar leases such lost rental revenue and tenant improvements. The value of tangible assets is depreciated using straight-line method based upon the assets estimated useful lives. Investment in Marketable Securities Marketable securities are stated at fair value as determined by the most recently traded price of each security at the balance sheet date. Marketable securities are classified as trading securities with all unrealized gains and losses on the Company’s investment portfolio recorded through the consolidated statements of operations. Other Investments, Net Other investments include non-marketable securities (carried at cost, net of any impairments loss) and non-marketable debt instruments. The Company has no significant influence or control over the entities that issue these 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. For the years ended June 30, 2020 and 2019, the Company recorded impairment losses related to other investments of $219,000 and $98,000, respectively. As of June 30, 2020 and 2019, the allowance for impairment losses was $6,270,000 and $6,367,000, respectively. Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with an original maturity of three months or less when purchased and are carried at cost, which approximates fair value. As of June 30, 2020 and 2019, the Company does not have any cash equivalents. Restricted Cash 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. Other Assets, Net Other assets include prepaid insurance, accounts receivable, franchise fees, tax refund receivable, and other miscellaneous assets. Franchise fees are stated at cost and amortized over the life of the agreement (15 years). Accounts receivable from the Hotel and rental property customers are carried at cost less an allowance for doubtful accounts that is based on management’s assessment of the collectability of accounts receivable. As of June 30, 2020, and 2019, the allowance for doubtful accounts was $79,000 and $71,000, respectively. The Company extends unsecured credit to its customers but mitigates the associated credit risk by performing ongoing credit evaluations of its customers. Due to Securities Broker The Company may utilize margin for its marketable securities purchases through the use of standard margin agreements with national brokerage firms. 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. Obligation 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 statement of operations. Accounts Payable and Other Liabilities Accounts payable and other liabilities include trade payables, advance customer deposits, accrued wages, accrued real estate taxes, and other liabilities. Treasury Stock The Company records the acquisition of treasury stock under the cost method. During the years ended June 30, 2020 and 2019, the Company purchased 21,153 and 33,601 shares of treasury stock, respectively. Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. Accounting standards for fair value measurement establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows: Level 1 Level 2 Level 3 Revenue Recognition On July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers Advertising Costs Advertising costs are expensed as incurred and are included in Hotel operating expenses in the consolidated statements of operations. Advertising costs were $176,000 and $282,000 for the years ended June 30, 2020 and 2019, respectively. Income Taxes Deferred income taxes are calculated under the liability method. Deferred income tax assets and liabilities are based on differences between the financial statement and tax basis of assets and liabilities at the current enacted tax rates. Changes in deferred income tax assets and liabilities are included as a component of income tax expense. Changes in deferred income tax assets and liabilities attributable to changes in enacted tax rates are charged or credited to income tax expense in the period of enactment. Valuation allowances are established for certain deferred tax assets where realization is not likely. We have considered the income tax accounting and disclosure implications of the relief provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act enacted on March 27, 2020. The effect of tax law changes is required to be recognized either in the interim period in which the legislation is enacted or reflected in the computation of the annual effective tax rate, depending on the nature of the change. As of June 30, 2020, we evaluated the income tax provisions of the CARES Act and have determined there to be no material effect on the fiscal year tax provision. We will continue to evaluate the income tax provisions of the CARES Act and monitor the tax law changes that could have income tax accounting and disclosure implications. Assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the “more-likely-than-not” threshold based on the technical merits of the positions. Earnings Per Share Basic net (loss) income per share is computed by dividing net (loss) income available to common stockholders by the weighted average number of common shares outstanding. The computation of diluted net income per share is similar to the computation of basic net income 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. As of June 30, 2020, the Company’s only potentially dilutive common shares are 323,195 shares that Mr. Winfield has a right to acquire pursuant to vested stock options. The basic and diluted earnings per share are the same for the fiscal year ended June 30, 2020 because the Company had a net loss. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to the recording of allowance for doubtful accounts and allowance for impairment losses which are based on management’s assessment of the collectability of accounts receivable and the fair market value of nonmarketable securities, respectively, as of the end of the fiscal year. Actual results may differ from those estimates. Debt Issuance Costs Debt issuance costs related to a recognized debt liability are presented in the consolidated balance sheets as a direct deduction from the carrying amount of the debt liability and are amortized over the life of the debt. Loan amortization costs are included in interest expense in the consolidated statement of operations. Recent 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

Liquidity

Liquidity	12 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Liquidity	NOTE 2 - LIQUIDITY Historically, our cash flows have been primarily generated from our Hotel operations. However, the responses by federal, state, and local civil authorities to the COVID-19 pandemic has had a material detrimental impact on our liquidity. For the fiscal year ended June 30, 2020, our net cash flow used in operations was $3,454,000. For the fiscal year ended June 30, 2019, our net cash flow provided by operations was $14,269,000. We have taken several steps to preserve capital and increase liquidity at our Hotel, including implementing strict cost management measures to eliminate non-essential expenses, postponing capital expenditures, renegotiating certain reoccurring expenses, and temporarily closing certain hotel services and outlets. As of June 30, 2020, we had cash, cash equivalents, and restricted cash of $28,286,000 which included $10,666,000 of restricted cash held by our Hotel senior lender Wells Fargo Bank, N.A. (“Lender”). Of the $10,666,000 restricted cash, $7,486,000 was held for furniture, fixtures and equipment (“FF&E”) reserves and $2,432,000 was held for a possible future property improvement plan (“PIP”) requested by our franchisor, Hilton. However, Hilton has confirmed that it will not require a PIP for our Hotel until relicensing which shall occur at the earlier of (i) January 2030, which is six years after the maturity date of our current senior and mezzanine loans, or (ii) upon the sale of our Hotel. On August 19, 2020, Operating received PIP deposits in the amount of $2,379,000 held by Lender. The funds were utilized to fund operating expenses, including franchise and management fees and other expenses. On April 9, 2020, Justice entered into a loan agreement (“SBA Loan - Justice”) with CIBC Bank USA under the recently enacted CARES Act administered by the U.S. Small Business Administration. The Partnership received proceeds of $4,719,000 from the SBA Loan - Justice. In accordance with the requirements of the CARES Act, Justice has used proceeds from the loan primarily for payroll costs. As of June 30, 2020, Justice had used $3,568,000 in qualified expenses such as payroll expenses, mortgage interests, utilities, etc., and had a balance of $1,151,000 available for future qualified expenses. The SBA Loan - Justice is scheduled to mature on April 9, 2022 and has a 1.00% interest rate. On April 27, 2020, InterGroup entered into a loan agreement (“SBA Loan - InterGroup”) with CIBC Bank USA under the CARES Act and received loan proceeds in the amount of $453,000. As of June 30, 2020, InterGroup had used all of the $453,000 loan proceeds in qualified payroll expenses. The SBA Loan – InterGroup is scheduled to mature on April 27, 2022 and has a 1.00% interest rate. Both the SBA Loan – Justice and SBA Loan – InterGroup (collectively the “SBA Loans”) may be forgiven if the funds are used for payroll and other qualified expenses. All payments of principal and interests are deferred until October 2020. The SBA Loans are subject to the terms and conditions applicable to loans administered by the U.S. Small Business Administration under the CARES Act. We anticipate applying for loan forgiveness shortly. All unforgiven portion of the principal and accrued interest will be due at maturity. In order to increase our liquidity position, the Company refinanced its 151-unit apartment complex in Parsippany, New Jersey on April 30, 2020, generating net proceeds of $6,814,000. In June 2020, the Company refinanced one of its California properties and generated net proceeds of $1,144,000. We are currently evaluating other refinancing opportunities. We could refinance additional multifamily properties should the need arise; however, we do not deem it necessary at this time. The Company has an uncollateralized $8,000,000 revolving line of credit from CIBC Bank USA (“CIBC”) of which $5,000,000 was available to be drawn down as of June 30, 2020; however, the outstanding balance on the revolving line of credit was paid down fully on August 28, 2020, making the entire $8,000,000 available to be drawn down should additional liquidity be necessary. On August 28, 2020, Santa Fe sold its 27-unit apartment complex located in Santa Monica, California for $15,650,000 and realized a gain on the sale of approximately $12,026,000. Santa Fe will manage its federal and state income tax liability, and anticipates the utilization of its available net operating losses and capital loss carryforwards. Santa Fe received net proceeds of $12,163,000 after selling costs and repayment of InterGroup’s RLOC of $2,985,000 as InterGroup had drawn on its RLOC in July 2018 to pay off the previous Fannie Mae mortgage on the property. Furthermore, pursuant to the Contribution Agreement between Santa Fe and InterGroup, Santa Fe paid InterGroup $662,000 from the sale. Santa Fe will not seek a replacement property. As the sole general partner of Justice that controls approximately 93.3% of the voting interest in the Partnership, Portsmouth has the ability to amend the partnership agreement to allow for capital calls to the limited partners of Justice if needed. The majority of any capital calls will be met by Portsmouth. Portsmouth will have financing availability, upon the authorization of the respective board of directors, to borrow from InterGroup and/or Santa Fe to meet any capital calls and its other obligations during the next twelve months and beyond. On August 28, 2020, the Board of InterGroup and Santa Fe have passed resolutions, respectively, to provide funding to Portsmouth if necessary. The Partnership is also allowed to seek additional loans and sell partnership interests. Upon the consent of the general partner and a super majority in interest, the Partnership may sell additional classes or series of units of the Partnership under certain conditions in order to raise additional capital. Our known short-term liquidity requirements primarily consist of funds necessary to pay for operating and other expenditures, including management and franchise fees, corporate expenses, payroll and related costs, taxes, interest and principal payments on our outstanding indebtedness, and repairs and maintenance of the Hotel. Our long-term liquidity requirements primarily consist of funds necessary to pay for scheduled debt maturities and capital improvements of the Hotel and our real estate properties. We will continue to finance our business activities primarily with existing cash, including from the activities described above, and cash generated from our operations. After considering our approach to liquidity and accessing our available sources of cash, we believe that our cash position, after giving effect to the transactions discussed above, will be adequate to meet anticipated requirements for operating and other expenditures, including corporate expenses, payroll and related benefits, taxes and compliance costs and other commitments, for at least twelve months from the date of issuance of these financial statements, even if current levels of low occupancy were to persist. The objectives of our cash management policy are to maintain existing leverage levels and the availability of liquidity, while minimizing operational costs. We believe that our cash on hand, along with other potential aforementioned sources of liquidity that management may be able to obtain, will be sufficient to fund our working capital needs, as well as our capital lease and debt obligations for at least the next twelve months and beyond. However, there can be no guarantee that management will be successful with its plan.

Revenue

Revenue	12 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 3 - 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 year ended June 30, 2020 2019 Hotel revenues: Hotel rooms $ 36,465,000 $ 51,243,000 Food and beverage 3,529,000 5,353,000 Garage 2,368,000 2,875,000 Other operating departments 477,000 410,000 Total Hotel revenue $ 42,839,000 $ 59,881,000 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 June 30, 2020 and 2019, other than trade and other receivables, net on our 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 consolidated balance sheets. Contract liabilities decreased to $375,000 as of June 30, 2020 from $1,215,000 as of June 30, 2019. The decrease for the twelve months ended June 30, 2020 was primarily driven by $840,000 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 are less than one year.

Investment in Hotel, Net

Investment in Hotel, Net	12 Months Ended
	Jun. 30, 2020
Investments, All Other Investments [Abstract]
Investment in Hotel, Net	NOTE 4 – INVESTMENT IN HOTEL, NET Investment in Hotel consisted of the following as of: Accumulated Net Book June 30, 2020 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 1,775,000 (291,000 ) 1,484,000 Furniture and equipment 30,528,000 (27,498,000 ) 3,030,000 Building and improvements 64,005,000 (32,488,000 ) 31,517,000 Investment in Hotel, net $ 99,046,000 $ (60,277,000 ) $ 38,769,000 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	12 Months Ended
	Jun. 30, 2020
Real Estate [Abstract]
Investment in Real Estate, Net	NOTE 5 - INVESTMENT IN REAL ESTATE, NET At June 30, 2020, the Company’s investment in real estate consisted of twenty properties located throughout the United States. These properties include sixteen apartment complexes, three single-family houses as strategic investments, and one commercial real estate property. The Company also owns unimproved land located in Maui, Hawaii. Investment in real estate included the following: As of June 30, 2020 June 30, 2019 Land $ 23,565,000 $ 23,566,000 Buildings, improvements and equipment 69,417,000 68,369,000 Accumulated depreciation (44,112,000 ) (41,629,000 ) 48,870,000 50,306,000 Land held for development 1,468,000 1,467,000 Investment in real estate, net $ 50,338,000 $ 51,773,000

Investment in Marketable Securi

Investment in Marketable Securities	12 Months Ended
	Jun. 30, 2020
Investment In Marketable Securities
Investment in Marketable Securities	NOTE 6 - 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 insure to its shareholders through income and/or capital gain. At June 30, 2020 and 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 Investment Cost Unrealized Gain Unrealized Loss Unrealized Loss Fair As of June 30, 2020 Corporate Equities $ 11,459,000 $ 902,000 $ (6,183,000 ) $ (5,281,000 ) $ 6,178,000 As of June 30, 2019 Corporate Equities $ 19,204,000 $ 1,753,000 $ (11,261,000 ) $ (9,508,000 ) $ 9,696,000 As of June 30, 2020 and 2019, approximately 11% and 7% of the investment marketable securities balance above is comprised of the common stock of Comstock Mining Inc. (“Comstock” – NYSE AMERICAN: LODE), respectively. As of June 30, 2020 and 2019, the Company had $5,734,000 and $11,088,000, respectively, of unrealized losses related to securities held for over one year; of which $5,427,000 and $10,900,000 are related to its investment in Comstock, respectively. Net loss on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the two components for the years ended June 30, 2020 and 2019, respectively. For the year ended June 30, 2020 2019 Realized loss on marketable securities (641,000 ) (806,000 ) Unrealized loss on marketable securities related to Comstock - (254,000 ) Unrealized loss on marketable securities (1,272,000 ) (673,000 ) Net loss on marketable securities $ (1,913,000 ) $ (1,733,000 )

Other Investments, Net

Other Investments, Net	12 Months Ended
	Jun. 30, 2020
Other Investments [Abstract]
Other Investments, Net	NOTE 7 – OTHER INVESTMENTS, NET The Company may also invest, with the approval of the Executive Strategic Real Estate and Securities Investment Committee and other Company guidelines, in private investment equity funds and other unlisted securities. 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, net consist of the following: Type June 30, 2020 June 30, 2019 Private equity hedge fund, at cost $ 157,000 $ 376,000 Other investments 121,000 236,000 $ 278,000 $ 612,000

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 8 - 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, due to securities broker 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: As of June 30, 2020 Level 1 Assets: Investment in marketable securities: REITs and real estate companies $ 2,365,000 Basic material 1,209,000 Energy 767,000 Industrials 484,000 Corporate bonds 417,000 Other 936,000 $ 6,178,000 As of June 30, 2019 Level 1 Assets: Investment in marketable securities: REITs and real estate companies $ 3,069,000 Consumer cyclical 1,448,000 Corporate bonds 1,420,000 Financial services 951,000 Energy 950,000 Other 1,858,000 $ 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 or adjusted to record the fair value of new instruments received (i.e., preferred shares) in exchange for old instruments (i.e., debt instruments). The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows: Assets Level 3 June 30, 2020 Net loss for the year Other non-marketable investments $ 278,000 $ 278,000 $ (219,000 ) Net loss for the year Assets Level 3 June 30, 2019 ended June 30, 2019 Other non-marketable investments $ 612,000 $ 612,000 $ (98,000 ) For fiscal years ended June 30, 2020 and 2019, we received distribution from other non-marketable investments of $115,000 and $103,000, 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. These investments are reviewed on a periodic basis for other-than-temporary impairment. When determining the fair value of these investments on a non-recurring basis, the Company uses valuation techniques such as the market approach and the unobservable inputs include factors such as conversion ratios and the stock price of the underlying convertible instruments. 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.

Other Assets, Net

Other Assets, Net	12 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets, Net	NOTE 9 – OTHER ASSETS, NET Other assets consist of the following as of June 30: 2020 2019 Accounts receivable, net $ 504,000 $ 852,000 Prepaid expenses 673,000 747,000 Miscellaneous assets, net 808,000 763,000 Total other assets $ 1,985,000 $ 2,362,000

Related Party and Other Financi

Related Party and Other Financing Transactions	12 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party and Other Financing Transactions	NOTE 10 – RELATED PARTY AND OTHER FINANCING TRANSACTIONS The following summarizes the balances of related party and other notes payable as of June 30, 2020 and 2019, respectively. As of June 30, 2020 2019 Note payable - Hilton $ 3,008,000 $ 3,325,000 Note payable - Interstate 1,646,000 1,896,000 Other notes payable - SBA Loans 5,172,000 - Other notes payable - 40,000 Total related party and other notes payable $ 9,826,000 $ 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 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 a subsidiary of Santa Fe and the Company. 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 interests 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. In July 2020, the $2,969,000 mortgage due to InterGroup and the RLOC was extended to July 2021. 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. On April 9, 2020, Justice entered into a loan agreement (“SBA Loan - Justice”) with CIBC Bank USA under the recently enacted CARES Act administered by the U.S. Small Business Administration. The Partnership received proceeds of $4,719,000 from the SBA Loan - Justice. In accordance with the requirements of the CARES Act, Justice has used proceeds from the loan primarily for payroll costs. As of June 30, 2020, Justice had used $3,568,000 in qualified expenses and had a balance of $1,151,000 available for future qualified expenses. The SBA Loan - Justice is scheduled to mature on April 9, 2022 and has a 1.00% interest rate. On April 27, 2020, InterGroup entered into a loan agreement (“SBA Loan - InterGroup”) with CIBC Bank USA under the CARES Act and received loan proceeds in the amount of $453,000. As of June 30, 2020, InterGroup had used all of the $453,000 loan proceeds in qualified payroll expenses. The SBA Loan – InterGroup is scheduled to mature on April 27, 2022 and has a 1.00% interest rate. Both the SBA Loan – Justice and SBA Loan – InterGroup (collectively the “SBA Loans”) may be forgiven if the funds are used for payroll and other qualified expenses. All payments of principal and interests are deferred until October 2020. The SBA Loans are subject to the terms and conditions applicable to loans administered by the U.S. Small Business Administration under the CARES Act. We anticipate applying for loan forgiveness shortly. All unforgiven portion of the principal and accrued interest will be due at maturity. As of June 30, 2020, balance of the SBA Loans total $5,172,000 and are included in other notes payable in the consolidated balance sheets. As of June 30, 2020, the Company had finance lease obligations outstanding of $1,098,000. These finance leases expire in various years through 2023 at rates ranging from 4.62% to 6.25% per annum. Minimum future lease payments for assets under finance leases as of June 30, 2020 are as follows: For the year ending June 30, 2021 $ 503,000 2022 492,000 2023 188,000 Total minimum lease payments 1,183,000 Less interest on finance lease (85,000 ) Present value of future minimum lease payments $ 1,098,000 Future minimum principal payments for all related party and other financing transactions are as follows: For the year ending June 30, 2021 $ 1,016,000 2022 9,190,000 2023 750,000 2024 567,000 2025 567,000 Thereafter 1,819,000 $ 13,909,000 On July 2, 2014, the Partnership obtained from InterGroup an unsecured loan in the principal amount of $4,250,000 at 12% per year fixed interest, with a term of 2 years, payable interest only each month. InterGroup received a 3% loan fee. The loan may be prepaid at any time without penalty. The loan was extended to July 1, 2021. The balance of this loan is $3,000,000 as of June 30, 2020 and 2019, and is eliminated in the consolidated balance sheets. On February 5, 2020, Santa Fe acquired additional 44.6% interest in Woodland Village from InterGroup by issuing 97,500 shares of its common stock to InterGroup. As a result of the transaction, Woodland Village became a wholly owned subsidiary of Santa Fe. The transaction is being made pursuant to a Contribution Agreement (the “Contribution Agreement”) between Santa Fe and InterGroup, dated February 5, 2020. The Contribution Agreement also contains a provision for a potential subsequent earn out to InterGroup pursuant to terms set forth therein. Four of the Portsmouth directors serve as directors of InterGroup. Two of those directors also serve as directors of Santa Fe. The two Santa Fe directors also serve as directors of InterGroup. As Chairman of the Executive Strategic Real Estate and 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 Board of Portsmouth and Santa Fe and oversees the investment activity of those companies. Effective June 2016, Mr. Winfield became the Managing Director of Justice. 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.

Mortgage Notes Payable

Mortgage Notes Payable	12 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Mortgage Notes Payable	NOTE 11 - MORTGAGE NOTES PAYABLE On December 18, 2013: (i) Justice Operating Company, LLC, a Delaware limited liability company (“Operating”), entered into a loan agreement (“Mortgage Loan Agreement”) with Bank of America (“Mortgage Lender”); and (ii) Justice Mezzanine Company, a Delaware limited liability company (“Mezzanine”), entered into a mezzanine loan agreement (“Mezzanine Loan Agreement” and, together with the Mortgage Loan Agreement, the “Loan Agreements”) with ISBI San Francisco Mezz Lender LLC (“Mezzanine Lender” and, together with Mortgage Lender, the “Lenders”). The Partnership is the sole member of Mezzanine, and Mezzanine is the sole member of Operating. The Loan Agreements provide for a $97,000,000 Mortgage Loan and a $20,000,000 Mezzanine Loan. The proceeds of the Loan Agreements were used to fund the redemption of limited partnership interests and the pay-off of the prior mortgage. The Mortgage Loan is secured by the Partnership’s principal asset, the Hilton San Francisco-Financial District (the “Property”). The Mortgage Loan bears an interest rate of 5.275% per annum and matures in January 2024. The term of the loan is 10 years with interest only due in the first three years and principle and interest on the remaining seven years of the loan based on a thirty-year amortization schedule. The Mortgage Loan also requires payments for impounds related to property tax, insurance and capital improvement reserves. As additional security for the Mortgage Loan, there is a limited guaranty (“Mortgage 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 Loan had an interest rate of 9.75% per annum and a maturity date of January 1, 2024. Interest only payments were due monthly. 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 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. As additional security for the new mezzanine loan, there is a limited guaranty executed by the Partnership and Portsmouth in favor of Cred Reit Holdco LLC (the “Mezzanine Guaranty” and, together with the Mortgage Guaranty, the “Guaranties”). The Guaranties are limited to what are commonly referred to as “bad boy” acts, including: (i) fraud or intentional misrepresentations; (ii) gross negligence or willful misconduct; (iii) misapplication or misappropriation of rents, security deposits, insurance or condemnation proceeds; and (iv) failure to pay taxes or insurance. The Guaranties are full recourse guaranties under identified circumstances, including failure to maintain “single purpose” status which is a factor in a consolidation of Operating or Mezzanine in a bankruptcy of another person, transfer or encumbrance of the Property in violation of the applicable loan documents, Operating or Mezzanine incurring debts that are not permitted, and the Property becoming subject to a bankruptcy proceeding. Pursuant to the Guaranties, the Partnership is required to maintain a certain minimum net worth and liquidity. Effective as of May 12, 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 June 30, 2020 and 2019, InterGroup is in compliance with both requirements. However, due to the Hotel’s current low occupancy and its negative impact on the Hotel’s cash flow, Justice Operating Company, LLC is not meeting certain of its loan covenants such as the Debt Service Coverage Ratio (“DSCR”) which would trigger the creation of a lock-box and cash sweep by the Lender for all cash collected by the Hotel, and under certain terms, would allow the Lender to request Operating to replace its hotel management company. The DSCR for Operating has been below 1.00 for the last two quarters during fiscal year 2020 while it is required to maintain a DSCR of at least 1.10 to 1.00 for two consecutive quarters. However, such lockbox has been created and utilized from the loan inception and will be in place up to loan maturity regardless of the DSCR. Each of the Loan Agreements contains customary representations and warranties, events of default, reporting requirements, affirmative covenants and negative covenants, which impose restrictions on, among other things, organizational changes of the respective borrower, operations of the Property, agreements with affiliates and third parties. Each of the Loan Agreements also provides for mandatory prepayments under certain circumstances (including casualty or condemnation events) and voluntary prepayments, subject to satisfaction of prescribed conditions set forth in the Loan Agreements. In August 2018, $1,005,000 was drawn from the Company’s RLOC with CIBC to pay off a mortgage note payable on its single-family house located in Los Angeles, California. In September 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. $995,000 received as a result of the refinance was used to pay down the RLOC. In April 2020, the Company refinanced its $8,453,000 and $2,469,000 mortgage notes payable on its 151-unit apartment complex in Parsippany, New Jersey and obtained a new mortgage note payable for $18,370,000. The Company received net proceeds of $6,814,000 as a result of the refinance. Interest rate on the mortgage is fixed at 3.17% for ten years and the mortgage matures in May 2030. The Company recorded loss on debt extinguishment of approximately $687,000 as a result of the refinance which represent prepayment premium on prior mortgage notes payables. In June 2020, the Company refinanced its $1,274,000 mortgage note payable on its 9-unit apartment complex in Marina del Rey, California and obtained a new mortgage note payable for $2,600,000. The Company received net proceeds of $1,144,000 as a result of the refinance. Interest rate on the mortgage is fixed at 3.09% for ten years and the mortgage matures in July 2030. Each mortgage notes payable is secured by real estate or the Hotel. As of June 30, 2020 and 2019, the mortgage notes payables are summarized as follows: As of June 30, 2020 Number Note Note Property of Units Origination Date Maturity Date Mortgage Balance Interest Rate SF Hotel 544 rooms December 2013 January 2024 $ 92,292,000 5.28 % SF Hotel 544 rooms July 2019 January 2024 20,000,000 7.25 % Mortgage notes payable - Hotel 112,292,000 Debt issuance costs (896,000 ) Total mortgage notes payable - Hotel $ 111,396,000 Florence 157 March 2015 April 2025 $ 3,150,000 3.87 % Las Colinas 358 November 2012 December 2022 16,529,000 3.73 % Morris County 151 April 2020 May 2030 18,341,000 3.17 % St. Louis 264 May 2013 May 2023 5,236,000 4.05 % Los Angeles 4 September 2012 September 2042 333,000 3.75 % Los Angeles 2 September 2012 September 2042 337,000 3.75 % Los Angeles 1 August 2012 September 2042 363,000 3.75 % Los Angeles 31 November 2010 December 2020 4,800,000 4.85 % Los Angeles 30 August 2007 September 2022 5,614,000 5.97 % Los Angeles 14 April 2011 March 2021 1,597,000 5.89 % Los Angeles 12 June 2016 June 2026 2,125,000 3.59 % Los Angeles 9 June 2020 July 2030 2,600,000 3.09 % Los Angeles 9 April 2011 March 2021 1,088,000 5.89 % Los Angeles 8 July 2013 July 2043 428,000 3.75 % Los Angeles 7 August 2012 September 2042 823,000 3.75 % Los Angeles 4 August 2012 September 2042 563,000 3.75 % Los Angeles 1 September 2012 September 2042 388,000 3.75 % Los Angeles 1 September 2018 October 2048 974,000 4.75 % Los Angeles Office April 2016 January 2021 770,000 2.67 % Mortgage notes payable - real estate 66,059,000 Debt issuance costs (447,000 ) Total mortgage notes payable - real estate $ 65,612,000 As of June 30, 2019 Number Note Note Property of Units Origination Date Maturity Date Mortgage Balance Interest Rate SF Hotel 544 rooms December 2013 January 2024 $ 93,746,000 5.28 % SF Hotel 544 rooms December 2013 January 2024 20,000,000 9.75 % Mortgage notes payable - Hotel 113,746,000 Debt issuance costs (659,000 ) Total mortgage notes payable - Hotel $ 113,087,000 Florence 157 March 2015 April 2025 $ 3,222,000 3.87 % Las Colinas 358 November 2012 December 2022 16,974,000 3.73 % Morris County 151 July 2012 August 2022 8,737,000 3.51 % Morris County 151 June 2014 August 2022 2,512,000 4.51 % St. Louis 264 May 2013 May 2023 5,365,000 4.05 % Los Angeles 4 September 2012 September 2042 343,000 3.75 % Los Angeles 2 September 2012 September 2042 347,000 3.75 % Los Angeles 1 August 2012 September 2042 373,000 3.75 % Los Angeles 31 November 2010 December 2020 4,927,000 4.85 % Los Angeles 30 August 2007 September 2022 5,765,000 5.97 % Los Angeles 14 April 2011 March 2021 1,632,000 5.89 % Los Angeles 12 June 2016 June 2026 2,172,000 3.59 % Los Angeles 9 April 2011 May 2021 1,303,000 5.60 % Los Angeles 9 April 2011 March 2021 1,112,000 5.89 % Los Angeles 8 July 2013 July 2043 440,000 3.75 % Los Angeles 7 August 2012 September 2042 846,000 3.75 % Los Angeles 4 August 2012 September 2042 579,000 3.75 % Los Angeles 1 September 2012 September 2042 399,000 3.75 % Los Angeles 1 September 2018 October 2048 990,000 4.75 % Los Angeles Office April 2016 January 2021 806,000 4.91 % Mortgage notes payable - real estate 58,844,000 Debt issuance costs (273,000 ) Total mortgage notes payable - real estate $ 58,571,000 Future minimum payments for all mortgage notes payable are as follows: For the year ending June 30, 2021 $ 11,211,000 2022 3,101,000 2023 28,244,000 2024 108,113,000 2025 3,494,000 Thereafter 24,188,000 $ 178,351,000

Management Agreements

Management Agreements	12 Months Ended
	Jun. 30, 2020
Management Agreements
Management Agreements	NOTE 12 – MANAGEMENT AGREEMENTS On February 1, 2017, Justice entered into a Hotel management agreement (“HMA”) with Interstate Management Company, LLC (“Interstate”) to manage the Hotel with an effective takeover date of February 3, 2017. The term of 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 the 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

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	NOTE 13 – CONCENTRATION OF CREDIT RISK As of June 30, 2020 and 2019, all accounts receivables are related to Hotel customers. The Hotel had two customers that accounted for 95%, or $239,000 of accounts receivable at June 30, 2020, and one customer that accounted for 32%, or $272,000 of accounts receivable at June 30, 2019. The Company maintains its cash and cash equivalents and restricted cash with various financial institutions that are monitored regularly for credit quality. At times, such cash and cash equivalents holdings may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) or other federally insured limits.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 14 – INCOME TAXES The provision for the Company’s income tax (expense) benefit is comprised of the following: For the years ended June 30, 2020 2019 Federal Current tax expense $ (57,000 ) $ (1,387,000 ) Deferred tax benefit 1,828,000 2,563,000 1,771,000 1,176,000 State Current tax expense (64,000 ) (25,000 ) Deferred tax benefit (expense) 1,087,000 (850,000 ) 1,023,000 (875,000 ) Income Tax Benefit $ 2,794,000 $ 301,000 The provision for income taxes differs from the amount of income tax computed by applying the federal statutory income tax rate to income before taxes as a result of the following differences: For the years ended June 30, 2020 2019 Statutory federal tax rate $ 1,593,000 $ (457,000 ) State income taxes, net of federal tax benefit 812,000 (972,000 ) Dividend received deduction 18,000 16,000 Disallowed interest 504,000 - Valuation allowance 49,000 2,158,000 Basis difference in investments 39,000 815,000 Carryback tax payable - (1,140,000 ) Other (221,000 ) (119,000 ) $ 2,794,000 $ 301,000 The components of the deferred tax asset and liabilities are as follows: June 30, 2020 June 30, 2019 Deferred tax assets: Net operating loss carryforwards $ 8,713,000 $ 6,810,000 Capital loss carryforwards 1,074,000 1,283,000 Investment impairment reserve 1,156,000 1,295,000 Accruals and reserves 871,000 1,095,000 Interest expense 1,498,000 162,000 Tax credits 563,000 619,000 Unrealized loss on marketable securities 1,591,000 547,000 Other 221,000 231,000 Valuation allowance (497,000 ) (524,000 ) 15,190,000 11,518,000 Deferred tax liabilities: Equity earnings (4,306,000 ) (3,188,000 ) Deferred gains on real estate sale and depreciation (6,249,000 ) (6,844,000 ) State taxes (252,000 ) (18,000 ) (10,807,000 ) (10,050,000 ) Net deferred tax asset $ 4,383,000 $ 1,468,000 Management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of June 30, 2019, because of tax planning to generate taxable income in the future, management has determined that there is sufficient positive evidence to conclude that a significant portion of its deferred tax assets are realizable. As a result, the valuation allowance decreased by $2,086,000 during the fiscal year ended June 30, 2019. As of June 30, 2020, the Company had estimated net operating losses (NOLs) of $30,486,000 and $26,140,000 for federal and state purposes, respectively. Below is the break-down of the NOLs for InterGroup, Santa Fe and Portsmouth. The carryforward expires in varying amounts through the year 2038. Federal State InterGroup $ - $ - Santa Fe 9,781,000 4,761,000 Portsmouth 20,705,000 21,379,000 $ 30,486,000 $ 26,140,000 Utilization of the net operating loss carryover may be subject a substantial annual limitation if it should be determined that there has been a change in the ownership of more than 50 percent of the value of the Company’s stock, pursuant to Section 382 of the Internal Revenue Code of 1986 and similar state provisions. The annual limitation may result in the expiration of net operating loss carryovers before utilization. Assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the “more-likely-than-not” threshold based on the technical merits of the positions. As of June 30, 2020, it has been determined there are no uncertain tax positions likely to impact the Company. The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates and is subject to examination by federal, state and local jurisdictions, where applicable. As of June 30, 2020, tax years beginning in fiscal years 2015 and 2016 remain open to examination by the major tax jurisdictions, and are subject to the statute of limitations.

Segment Information

Segment Information	12 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	NOTE 15 – 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 years ended June 30, 2020 and 2019. Segment income from Hotel operations consists of the operation of the Hotel and operation of the garage. Segment income from real estate operations consists of the operation of the rental properties. Loss from investments consists of net investment loss, dividend and interest income and investment related expenses. As of and for the year Hotel Real Estate Investment ended June 30, 2020 Operations Operations Transactions Other Total Revenues $ 42,839,000 $ 15,178,000 $ - $ - $ 58,017,000 Segment operating expenses (37,333,000 ) (8,051,000 ) - (2,870,000 ) (48,254,000 ) Segment income (loss) from operations 5,506,000 7,127,000 - (2,870,000 ) 9,763,000 Interest expense - mortgage (6,885,000 ) (2,436,000 ) - - (9,321,000 ) Loss on debt extinguishment - (687,000 ) - - (687,000 ) Depreciation and amortization expense (2,389,000 ) (2,483,000 ) - - (4,872,000 ) Loss from investments - - (2,766,000 ) - (2,766,000 ) Income tax benefit - - - 2,794,000 2,794,000 Net income (loss) $ (3,768,000 ) $ 1,521,000 $ (2,766,000 ) $ (76,000 ) $ (5,089,000 ) Total assets $ 56,004,000 $ 50,338,000 $ 6,456,000 $ 17,419,000 $ 130,217,000 50 As of and for the year Hotel Real Estate Investment ended June 30, 2019 Operations Operations Transactions Other Total Revenues $ 59,881,000 $ 14,872,000 $ - $ - $ 74,753,000 Segment operating expenses (44,466,000 ) (7,810,000 ) - (2,346,000 ) (54,622,000 ) Segment income (loss) from operations 15,415,000 7,062,000 - (2,346,000 ) 20,131,000 Interest expense - mortgage (7,234,000 ) (2,554,000 ) - - (9,788,000 ) Loss on disposal of assets (398,000 ) - - - (398,000 ) Depreciation and amortization expense (2,506,000 ) (2,429,000 ) - - (4,935,000 ) Loss from investments - - (2,497,000 ) - (2,497,000 ) Income tax benefit - - - 301,000 301,000 Net income (loss) $ 5,277,000 $ 2,079,000 $ (2,497,000 ) $ (2,045,000 ) $ 2,814,000 Total assets $ 62,148,000 $ 51,773,000 $ 10,308,000 $ 6,650,000 $ 130,879,000

Stock-based Compensation Plans

Stock-based Compensation Plans	12 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-based Compensation Plans	NOTE 16 – STOCK-BASED COMPENSATION PLANS The Company follows the Statement of Financial Accounting Standards 123 (Revised), “Share-Based Payments” (“SFAS No. 123R”), which was primarily codified into ASC Topic 718 “Compensation – Stock Compensation”, which addresses accounting for equity-based compensation arrangements, including employee stock options and restricted stock units. The Company currently has one equity compensation plan, which is the Intergroup 2010 Omnibus Employee Incentive Plan. The InterGroup Corporation 2008 Restricted Stock Unit Plan (the “2008 RSU Plan”) terminated on its expiration date of December 8 th The InterGroup Corporation 2008 Restricted Stock Unit Plan On December 3, 2008, the Board of Directors adopted, subject to shareholder approval, an equity compensation plan for its officers, directors and key employees entitled, The InterGroup Corporation 2008 Restricted Stock Unit Plan (the “2008 RSU Plan”). The 2008 RSU Plan was approved and ratified by the shareholders on February 18, 2009. The 2008 RSU Plan authorizes the Company to issue restricted stock units (“RSUs”) as equity compensation to officers, directors and key employees of the Company on such terms and conditions established by the Compensation Committee of the Company. RSUs are not actual shares of the Company’s common stock, but rather promises to deliver common stock in the future, subject to certain vesting requirements and other restrictions as may be determined by the Committee. Holders of RSUs have no voting rights with respect to the underlying shares of common stock and holders are not entitled to receive any dividends until the RSUs vest and the shares are delivered. No awards of RSUs shall vest until at least six months after shareholder approval of the Plan. Subject to certain adjustments upon changes in capitalization, a maximum of 200,000 shares of the common stock are available for issuance to participants under the 2008 RSU Plan. The 2008 RSU Plan will terminate ten (10) years from December 3, 2008, unless terminated sooner by the Board of Directors. After the 2008 RSU Plan is terminated, no awards may be granted but awards previously granted shall remain outstanding in accordance with the Plan and their applicable terms and conditions. The shares of common stock to be delivered upon the vesting of an award of RSUs have been registered under the Securities Act, pursuant to a registration statement filed on Form S-8 by the Company on June 16, 2010. The grant of RSUs is personal to the recipient and is not transferable. Once received, shares of common stock issuable upon the vesting of the RSUs are freely transferable subject to any requirements of Section 16(b) of the Exchange Act. Under the 2008 RSU Plan, the Compensation Committee also has the power and authority to establish and implement an exchange program that would permit the Company to offer holders of awards issued under prior shareholder approved compensation plans to exchange certain options for new RSUs on terms and conditions to be set by the Committee. The exchange program is designed to increase the retention and motivational value of awards granted under prior plans. In addition, by exchanging options for RSUs, the Company will reduce the number of shares of common stock subject to equity awards, thereby reducing potential dilution to stockholders in the event of significant increases in the value of its common stock. As of June 30, 2020, there were no RSUs outstanding. Intergroup Corporation 2010 Omnibus Employee Incentive Plan On February 24, 2010, the shareholders of the Company approved The Intergroup Corporation 2010 Omnibus Employee Incentive Plan (the “2010 Incentive Plan”), which was formally adopted by the Board of Directors following the annual meeting of shareholders. The Company believes that such awards better align the interests of its employees with those of its shareholders. Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant; those option awards generally vest based on 5 years of continuous service. Certain option and share awards provide for accelerated vesting if there is a change in control, as defined in the 2010 Incentive Plan. The 2010 Incentive plan as modified in December 2013, authorizes a total of up to 400,000 shares of common stock to be issued as equity compensation to officers and employees of the Company in an amount and in a manner to be determined by the Compensation Committee in accordance with the terms of the 2010 Incentive Plan. The 2010 Incentive Plan authorizes the awards of several types of equity compensation including stock options, stock appreciation rights, performance awards and other stock-based compensation. The 2010 Incentive Plan had an original expiration date of February 23, 2020, if not terminated sooner by the Board of Directors upon recommendation of the Compensation Committee. Any awards issued under the 2010 Incentive Plan will expire under the terms of the grant agreement. The shares of common stock to be issued under the 2010 Incentive Plan have been registered under the Securities Act, pursuant to a registration statement filed on Form S-8 by the Company on June 16, 2010. Once received, shares of common stock issued under the Plan will be freely transferable subject to any requirements of Section 16 (b) of the Exchange Act. On March 16, 2010, the Compensation Committee authorized the grant of 100,000 stock options to the Company’s Chairman, President and Chief Executive, John V. Winfield to purchase up to 100,000 shares of the Company’s common stock pursuant to the 2010 Incentive Plan. The exercise price of the options is $10.30, which is 100% of the fair market value of the Company’s Common Stock as determined by reference to the closing price of the Company’s Common Stock as reported on the NASDAQ Capital Market on March 16, 2010, the date of grant. The options had an original expiration date ten years from the date of grant, unless terminated earlier in accordance with the terms of the 2010 Incentive Plan. The options shall be subject to both time and market based vesting requirements, each of which must be satisfied before options are fully vested and eligible to be exercised. Pursuant to the time vesting requirements, the options vest over a period of five years, with 20,000 options vesting upon each one-year anniversary of the date of grant. Pursuant to the market vesting requirements, the options vest in increments of 20,000 shares upon each increase of $2.00 or more in the market price of the Company’s common stock above the exercise price ($10.30) of the options. To satisfy this requirement, the common stock must trade at that increased level for a period of at least ten trading days during any one quarter. As of June 30, 2020, all the market vesting requirements have been met. On December 28, 2019, the Compensation Committee of the Board of Directors recommended to the Board amendments to the 2010 Incentive Plan which would amend Section 1.3 to extend the term from ten years to sixteen years, and Section 6.4 to change “tenth (10th) anniversary date” to “twentieth (20th) anniversary date”. This would increase the term of the 2010 Incentive Plan to twenty years (expiring in February 2030 instead of February 2020) and also permit the existence of options with a term longer than ten years. The purpose of the amendment to the term is to extend its existence as our only incentive plan. The purpose of amendment of the allowable term of options is so that the Board may extend the term of the 100,000 options granted to John Winfield on March 16, 2010 from ten years to sixteen years so that these options will terminate on March 16, 2026 instead of on March 16, 2020, in recognition of Mr. Winfield’s contributions to and leadership of our Company. The recommended amendments were approved by shareholders on February 25, 2020. During the fiscal year ended June 30, 2020, the Company recorded additional stock option compensation expense in the amount of $116,000 as a result of the aforementioned amendments. In February 2012, the Compensation Committee awarded 90,000 stock options to the Company’s Chairman, President and Chief Executive, John V. Winfield to purchase up to 90,000 shares of common stock. The per share exercise price of the options is $19.77 which is the fair value of the Company’s Common Stock as reported on NASDAQ on February 28, 2012. The options expire ten years from the date of grant. The options are subject to both time and market based vesting requirements, each of which must be satisfied before the options are fully vested and eligible to be exercised. Pursuant to the time vesting requirements, the options vest over a period of five years, with 18,000 options vesting upon each one-year anniversary of the date of grant. Pursuant to the market vesting requirements, the options vest in increments of 18,000 shares upon each increase of $2.00 or more in the market price of the Company’s common stock above the exercise price ($19.77) of the options. To satisfy this requirement, the common stock must trade at that increased level for a period of at least ten trading days during any one quarter. As of June 30, 2020, all of these options have met the market vesting requirements. On December 26, 2013, the Compensation Committee authorized, subject to shareholder approval, a grant of non-qualified and incentive stock options for an aggregate of 160,000 shares (the “Option Grant”) to the Company’s President and Chief Executive Officer, John V. Winfield. The stock option grant was approved by shareholders on February 19, 2014. The grant of stock options was made pursuant to, and consistent with, the 2010 Incentive Plan, as proposed to be amended. The non-qualified stock options are for 133,195 shares and have a term of ten years, expiring on December 26, 2023, with an exercise price of $18.65 per share. The incentive stock options are for 26,805 shares and have a term of five years, expiring on December 26, 2018, with an exercise price of $20.52 per share. In accordance with the terms of the 2010 Incentive Plan, the exercise prices were based on 100% and 110%, respectively, of the fair market value of the Company’s common stock as determined by reference to the closing price of the Company’s common stock as reported on the NASDAQ Capital Market on the date of grant. The stock options are subject to time vesting requirements, with 20% of the options vesting annually commencing on the first anniversary of the grant date. In December 2018, Mr. Winfield exercised the 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. In March 2017, the Compensation Committee awarded 18,000 stock options to the Company’s Vice President of Real Estate, David C. Gonzalez, to purchase up to 18,000 shares of common stock. The per share exercise price of the options is $27.30 which is the fair value of the Company’s Common Stock as reported on NASDAQ Capital Market on March 2, 2017. The options expire ten years from the date of grant. Pursuant to the time vesting requirements, the options vest over a period of five years, with 3,600 options vesting upon each one-year anniversary of the date of grant. During the years ended June 30, 2020 and 2019, the Company recorded stock option compensation expense of $142,000 and $76,000, respectively, related to stock options previously issued and amending the 2010 Incentive Plan. As of June 30, 2020, there was an estimated total of $18,000 unamortized compensation related to stock options which is expected to be recognized over the weighted average of 1.67 years. Option-pricing models require the input of various subjective assumptions, including the option’s expected life, estimated forfeiture rates 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 June 30, 2020: Number of Weighted Average Weighted Average Aggregate Shares Exercise Price Remaining Life Intrinsic Value Outstanding at July 1, 2018 368,000 $ 17.21 4.17 years $ 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 Outstanding at July 1, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Granted - - - - Exercised - - - - Forfeited - - - - Exchanged - - - - Outstanding at June 30, 2020 341,195 $ 16.95 3.83 years $ 3,271,000 Exercisable at June 30, 2020 323,195 $ 16.38 3.67 years $ 3,271,000 Vested and Expected to vest at June 30, 2020 341,195 $ 16.95 3.83 years $ 3,271,000

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 17 – RELATED PARTY TRANSACTIONS As discussed in Note 10 – Related Party and Other Financing Transactions, on July 2, 2014, the Partnership obtained from InterGroup an unsecured loan in the principal amount of $4,250,000 at 12% per year fixed interest, with a term of two years, payable interest only each month. InterGroup received a 3% loan fee. The loan may be prepaid at any time without penalty. The proceeds of the loan were applied to the July 2014 payments to Justice Holdings Company, LLC (“Holdings”) in connection with the redemption of limited partnership interests. The loan was extended to July 1, 2021. The balance of this loan is $3,000,000 as of June 30, 2020 and 2019, and is eliminated in the consolidated balance sheets. In connection with the redemption of limited partnership interests of Justice, Justice Operating Company, LLC agreed to pay a total of $1,550,000 in fees to certain officers and directors of the Company for services rendered in connection with the redemption of partnership interests, refinancing of Justice’s properties and reorganization of Justice. This agreement was superseded by a letter dated December 11, 2013 from Justice, in which Justice assumed the payment obligations of Justice Operating Company, LLC. As of June 30, 2018, $200,000 of these fees remained payable and were paid off as of June 30, 2019. On February 5, 2020, the Company entered into a Contribution Agreement (the “Contribution Agreement”) with Santa Fe pursuant to which the Company received 97,500 shares of common stock, par value $0.10 per share, of Santa Fe, in exchange for its contribution to Santa Fe of 4,460 shares of common stock (the “Common Stock”) of Intergroup Woodland Village, Inc., an Ohio corporation (“Transaction”). As a result of the contribution, Woodland Village became a wholly owned subsidiary of Santa Fe. Before the issuance of the stock referenced in the preceding sentence, the Company had the power to vote 86.3% of the voting shares of Santa Fe, which includes the power to vote an approximately 4% interest in the common stock in Santa Fe owned by the Company’s Chairman and CEO, John V. Winfield, pursuant to a voting trust agreement entered into on June 30, 1998. Subsequent to this issuance, the Company has the power to vote 87.4% of the issued and outstanding common stock of Santa Fe, which includes the power to vote an approximately 3.7% interest in the common stock in Santa Fe under the aforementioned voting trust agreement. Mr. Winfield, Chairman of the Board of both the Company and Santa Fe, is a control person of both entities. On February 5, 2020, after review by independent directors of the Company, and by the unanimous vote of all directors of the Company (with Mr. Winfield abstaining), the Board approved the entry into the Contribution Agreement and the consummation of the Transaction. The Company’s Board approved the Transaction after the receipt of a fairness opinion from a third-party independent firm. The Board was first made aware of the Transaction in early January 2020, received information to review on or about January 17, 2020 and was given multiple opportunities to discuss the materials with management before the February 5, 2020 Board meeting. The Contribution Agreement also contains a provision for a potential subsequent earn out to InterGroup pursuant to terms set forth therein. As Chairman of the Executive Strategic Real Estate and 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 Board of Portsmouth and Santa Fe and oversees the investment activity of those companies. Effective June 2016, Mr. Winfield became the Managing Director of Justice. 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.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 18 – COMMITMENTS AND CONTINGENCIES Cash Management Agreement As part of the Hotel refinancing effective December 18, 2013, Operating entered into a Cash Management Agreement with Bank of America, N.A. (“Lender”) and Wells Fargo Bank, N.A. (“Cash Management Bank”) whereby all cash received by Operating is to be deposited into a business checking account controlled by the Cash Management Bank up to the loan maturity date. Additionally, other terms of the Cash Management Agreement provide that effective February 2019 or upon a Property Improvement Plan (“PIP”) requirement by Hilton (“Franchisor”) deemed the “Cash Sweep Period” during which all excess cash generated by Operating beyond the monthly budgeted expenses and debt services including principal and interest, insurance reserves, real estate taxes reserve, furniture fixtures and equipment (“FF&E”) reserves, for the senior and mezzanine loans, will be held by the Cash Management Bank for future hotel improvements as required by the date or a PIP. Currently, any and all funds are being controlled by the Cash Management Bank according to the Cash Management Agreement. Franchise Agreements The Partnership entered into a Franchise License Agreement (the “License Agreement”) with the HLT Existing Franchise Holding LLC (“Hilton”) on November 24, 2004. The term of the License agreement was for an initial period of 15 years commencing on the date the Hotel began operating as a Hilton hotel, with an option to extend the License Agreement for another five years, subject to certain conditions. On June 26, 2015, Operating and Hilton entered into an amended franchise agreement which amongst other things extended the License Agreement through 2030, and also provided the Partnership certain key money cash incentives to be earned through 2030. Since the opening of the Hotel as a full brand Hilton in January 2006, the Partnership has incurred monthly royalties, program fees and information technology recapture charges equal to a percentage of the Hotel’s gross room revenue. Fees for such services during fiscal year 2020 and 2019 totaled approximately $3.0 million and $4.1 million, respectively. Hotel Employees Effective February 3, 2017, the Partnership had no employees. On February 3, 2017, Interstate assumed all labor union agreements and retained employees of their choice to continue providing services to the Hotel. As of June 30, 2020, approximately 87% of those employees were represented by one of three labor unions, and their terms of employment were determined under various collective bargaining agreements (“CBAs”) to which the Partnership was a party. During the fiscal year ended June 30, 2020, the Partnership renewed the CBA for Local 2 (Hotel and Restaurant Employees). CBA for Local 856 (International Brotherhood of Teamsters) will expire on December 31, 2022. CBA for Local 39 (Stationary Engineers) will expire on July 31, 2024. Negotiation of collective bargaining agreements, which includes not just terms and conditions of employment, but scope and coverage of employees, is a regular and expected course of business operations for the Partnership and Interstate. The Partnership expects and anticipates that the terms of conditions of CBAs will have an impact on wage and benefit costs, operating expenses, and certain hotel operations during the life of each CBA, and incorporates these principles into its operating and budgetary practices. Legal Matters The Company may be subject to legal proceedings, claims, and litigation arising in the ordinary course of business. The Company will defend itself vigorously against any such claims. Management does not believe that the impact of such matters will have a material effect on the financial conditions or result of operations when resolved.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 19 – SUBSEQUENT EVENTS In July 2020, the Company entered into a second modification agreement with CIBC Bank USA (“CIBC”) which extended the maturity date of its $8,000,000 RLOC to July 21, 2021. On August 19, 2020, Operating entered into a consent agreement whereby the Lender agreed to release certain PIP deposits held in escrow for the benefit of Operating but restricted to be utilized specifically for a future PIP. Since Franchisor will not require a PIP until the expiration of the franchise agreement in January 2030 or upon the sale of the Hotel, on August 19, 2020, Operating received PIP deposits in the amount of $2,379,000 held by Lender. The funds were utilized to fund operating expenses, including franchise and management fees and other expenses. On August 28, 2020, Santa Fe sold its 27-unit apartment complex located in Santa Monica, California for $15,650,000 and realized a gain on the sale of approximately $12,026,000. Santa Fe will manage its federal and state income tax liability, and anticipates the utilization of its available net operating losses and capital loss carryforwards. Santa Fe received net proceeds of $12,163,000 after selling costs and repayment of InterGroup’s RLOC of $2,985,000 as InterGroup had drawn on its RLOC in July 2018 to pay off the previous Fannie Mae mortgage on the property. Furthermore, pursuant to the Contribution Agreement between Santa Fe and InterGroup, Santa Fe paid InterGroup $662,000 from the sale. Santa Fe will not seek a replacement property.

Business and Significant Acco_2

Business and Significant Accounting Policies and Practices (Policies)	12 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Description of the Business	Description of the Business The InterGroup Corporation, a Delaware corporation, (“InterGroup” or the “Company”) was formed to buy, develop, operate and dispose of real property and to engage in various investment activities to benefit the Company and its shareholders. As of June 30, 2020, the Company had the power to vote 87.4% 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 3.7% interest in the common stock in Santa Fe owned by the Company’s Chairman and CEO, John V. Winfield, pursuant to a voting trust agreement entered into on June 30, 1998. Mr. Winfield, Chairman of the Board of both Santa Fe and InterGroup, is a control person of both entities. 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 has a 93.3% limited partnership interest in Justice Investors, a California limited partnership (“Justice” or the “Partnership”) and is the sole general partner. Justice was formed in 1967 to acquire real property in San Francisco, California. As of June 30, 2020, the Partnership has approximately 23 voting limited partners. InterGroup also directly owns approximately 13.7% 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 of the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the form of a self-exhausting, interest free note payable in the amount of $2,000,000 in a separate key money agreement. As of June 30, 2020 and 2019, balance of the key money including accrued interests are $1,009,000 and $2,049,000, respectively, and are included in restricted cash in the consolidated balance sheets. As of June 30, 2020 and 2019, balance of the unamortized portion of the key money are $1,646,000 and $1,896,000, respectively, and are included in the related party notes payable in the consolidated balance sheets. On October 25, 2019, Interstate merged with Aimbridge Hospitality, North America’s largest independent hotel management firm. With the completion of the merger, the newly combined company will be positioned under the Aimbridge Hospitality name in the Americas. In addition to the operations of the Hotel, the Company also generates income from the ownership of real estate. Properties include apartment complexes, commercial real estate, and three single-family houses as strategic investments. The properties are located throughout the United States, but are concentrated in Texas and Southern California. The Company also has investments in unimproved real property. All of the Company’s residential rental properties are managed in-house.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and Santa Fe. All significant inter-company transactions and balances have been eliminated.
Investment in Hotel, Net	Investment in Hotel, Net Property and equipment are stated at cost. Building improvements are depreciated on a straight-line basis over their useful lives ranging from 3 to 39 years. Furniture, fixtures, and equipment are depreciated on a straight-line basis over their useful lives ranging from 3 to 7 years. Repairs and maintenance are charged to expense as incurred. Costs of significant renewals and improvements are capitalized and depreciated over the shorter of its remaining estimated useful life or life of the asset. The cost of assets sold or retired, and the related accumulated depreciation are removed from the accounts; any resulting gain or loss is included in other income (expenses). The Company reviews property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with generally accepted accounting principles (“GAAP”). If the carrying amount of the asset, including any intangible assets associated with that asset, exceeds its estimated undiscounted net cash flow, before interest, the Partnership will recognize an impairment loss equal to the difference between the asset’s carrying amount and its estimated fair value. If impairment is recognized, the reduced carrying amount of the asset will be accounted for as its new cost. For a depreciable asset, the new cost will be depreciated over the asset’s remaining useful life. Generally, fair values are estimated using discounted cash flow, replacement cost or market comparison analyses. The process of evaluating for impairment requires estimates as to future events and conditions, which are subject to varying market and economic factors. Therefore, it is reasonably possible that a change in estimate resulting from judgments as to future events could occur which would affect the recorded amounts of the property. No impairment losses were recorded for the years ended June 30, 2020 and 2019.
Investment in Real Estate, Net	Investment in Real Estate, Net Rental properties are stated at cost less accumulated depreciation. Depreciation of rental property is provided on the straight-line method based upon estimated useful lives of 5 to 40 years for buildings and improvements and 5 to 10 years for equipment. Expenditures for repairs and maintenance are charged to expense as incurred and major improvements are capitalized. The Company also reviews its rental property assets for impairment. No impairment losses on the investment in real estate have been recorded for the years ended June 30, 2020 and 2019. The fair value of the tangible assets of an acquired property, which includes land, building and improvements, is determined by valuing the property as if they were vacant, and incorporates costs during the lease-up periods considering current market conditions and costs to execute similar leases such lost rental revenue and tenant improvements. The value of tangible assets is depreciated using straight-line method based upon the assets estimated useful lives.
Investment in Marketable Securities	Investment in Marketable Securities Marketable securities are stated at fair value as determined by the most recently traded price of each security at the balance sheet date. Marketable securities are classified as trading securities with all unrealized gains and losses on the Company’s investment portfolio recorded through the consolidated statements of operations.
Other Investments, Net	Other Investments, Net Other investments include non-marketable securities (carried at cost, net of any impairments loss) and non-marketable debt instruments. The Company has no significant influence or control over the entities that issue these 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. For the years ended June 30, 2020 and 2019, the Company recorded impairment losses related to other investments of $219,000 and $98,000, respectively. As of June 30, 2020 and 2019, the allowance for impairment losses was $6,270,000 and $6,367,000, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with an original maturity of three months or less when purchased and are carried at cost, which approximates fair value. As of June 30, 2020 and 2019, the Company does not have any cash equivalents.
Restricted Cash	Restricted Cash 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.
Other Assets, Net	Other Assets, Net Other assets include prepaid insurance, accounts receivable, franchise fees, tax refund receivable, and other miscellaneous assets. Franchise fees are stated at cost and amortized over the life of the agreement (15 years). Accounts receivable from the Hotel and rental property customers are carried at cost less an allowance for doubtful accounts that is based on management’s assessment of the collectability of accounts receivable. As of June 30, 2020, and 2019, the allowance for doubtful accounts was $79,000 and $71,000, respectively. The Company extends unsecured credit to its customers but mitigates the associated credit risk by performing ongoing credit evaluations of its customers.
Due to Securities Broker	Due to Securities Broker The Company may utilize margin for its marketable securities purchases through the use of standard margin agreements with national brokerage firms. 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.
Obligation for Securities Sold	Obligation 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 statement of operations.
Accounts Payable and Other Liabilities	Accounts Payable and Other Liabilities Accounts payable and other liabilities include trade payables, advance customer deposits, accrued wages, accrued real estate taxes, and other liabilities.
Treasury Stock	Treasury Stock The Company records the acquisition of treasury stock under the cost method. During the years ended June 30, 2020 and 2019, the Company purchased 21,153 and 33,601 shares of treasury stock, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. Accounting standards for fair value measurement establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows: Level 1 Level 2 Level 3
Revenue Recognition	Revenue Recognition On July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred and are included in Hotel operating expenses in the consolidated statements of operations. Advertising costs were $176,000 and $282,000 for the years ended June 30, 2020 and 2019, respectively.
Income Taxes	Income Taxes Deferred income taxes are calculated under the liability method. Deferred income tax assets and liabilities are based on differences between the financial statement and tax basis of assets and liabilities at the current enacted tax rates. Changes in deferred income tax assets and liabilities are included as a component of income tax expense. Changes in deferred income tax assets and liabilities attributable to changes in enacted tax rates are charged or credited to income tax expense in the period of enactment. Valuation allowances are established for certain deferred tax assets where realization is not likely. We have considered the income tax accounting and disclosure implications of the relief provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act enacted on March 27, 2020. The effect of tax law changes is required to be recognized either in the interim period in which the legislation is enacted or reflected in the computation of the annual effective tax rate, depending on the nature of the change. As of June 30, 2020, we evaluated the income tax provisions of the CARES Act and have determined there to be no material effect on the fiscal year tax provision. We will continue to evaluate the income tax provisions of the CARES Act and monitor the tax law changes that could have income tax accounting and disclosure implications. Assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the “more-likely-than-not” threshold based on the technical merits of the positions.
Earnings Per Share	Earnings Per Share Basic net (loss) income per share is computed by dividing net (loss) income available to common stockholders by the weighted average number of common shares outstanding. The computation of diluted net income per share is similar to the computation of basic net income 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. As of June 30, 2020, the Company’s only potentially dilutive common shares are 323,195 shares that Mr. Winfield has a right to acquire pursuant to vested stock options. The basic and diluted earnings per share are the same for the fiscal year ended June 30, 2020 because the Company had a net loss.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to the recording of allowance for doubtful accounts and allowance for impairment losses which are based on management’s assessment of the collectability of accounts receivable and the fair market value of nonmarketable securities, respectively, as of the end of the fiscal year. Actual results may differ from those estimates.
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs related to a recognized debt liability are presented in the consolidated balance sheets as a direct deduction from the carrying amount of the debt liability and are amortized over the life of the debt. Loan amortization costs are included in interest expense in the consolidated statement of operations.
Recent Accounting Pronouncements	Recent 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 (Tables)

Revenue (Tables)	12 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table present our Hotel revenue disaggregated by revenue streams. For the year ended June 30, 2020 2019 Hotel revenues: Hotel rooms $ 36,465,000 $ 51,243,000 Food and beverage 3,529,000 5,353,000 Garage 2,368,000 2,875,000 Other operating departments 477,000 410,000 Total Hotel revenue $ 42,839,000 $ 59,881,000

Investment in Hotel, Net (Table

Investment in Hotel, Net (Tables)	12 Months Ended
	Jun. 30, 2020
Investments, All Other Investments [Abstract]
Schedule of Investment in Hotel	Investment in Hotel consisted of the following as of: Accumulated Net Book June 30, 2020 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 1,775,000 (291,000 ) 1,484,000 Furniture and equipment 30,528,000 (27,498,000 ) 3,030,000 Building and improvements 64,005,000 (32,488,000 ) 31,517,000 Investment in Hotel, net $ 99,046,000 $ (60,277,000 ) $ 38,769,000 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)	12 Months Ended
	Jun. 30, 2020
Real Estate [Abstract]
Schedule of Investment in Real Estate	Investment in real estate included the following: As of June 30, 2020 June 30, 2019 Land $ 23,565,000 $ 23,566,000 Buildings, improvements and equipment 69,417,000 68,369,000 Accumulated depreciation (44,112,000 ) (41,629,000 ) 48,870,000 50,306,000 Land held for development 1,468,000 1,467,000 Investment in real estate, net $ 50,338,000 $ 51,773,000

Investment in Marketable Secu_2

Investment in Marketable Securities (Tables)	12 Months Ended
	Jun. 30, 2020
Investment In Marketable Securities
Schedule of Trading Securities	Trading securities are summarized as follows: Gross Gross Net Investment Cost Unrealized Gain Unrealized Loss Unrealized Loss Fair As of June 30, 2020 Corporate Equities $ 11,459,000 $ 902,000 $ (6,183,000 ) $ (5,281,000 ) $ 6,178,000 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)	Net loss on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of the two components for the years ended June 30, 2020 and 2019, respectively. For the year ended June 30, 2020 2019 Realized loss on marketable securities (641,000 ) (806,000 ) Unrealized loss on marketable securities related to Comstock - (254,000 ) Unrealized loss on marketable securities (1,272,000 ) (673,000 ) Net loss on marketable securities $ (1,913,000 ) $ (1,733,000 )

Other Investments, Net (Tables)

Other Investments, Net (Tables)	12 Months Ended
	Jun. 30, 2020
Other Investments [Abstract]
Schedule of Other Investments, Net	Other investments, net consist of the following: Type June 30, 2020 June 30, 2019 Private equity hedge fund, at cost $ 157,000 $ 376,000 Other investments 121,000 236,000 $ 278,000 $ 612,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2020
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: As of June 30, 2020 Level 1 Assets: Investment in marketable securities: REITs and real estate companies $ 2,365,000 Basic material 1,209,000 Energy 767,000 Industrials 484,000 Corporate bonds 417,000 Other 936,000 $ 6,178,000 As of June 30, 2019 Level 1 Assets: Investment in marketable securities: REITs and real estate companies $ 3,069,000 Consumer cyclical 1,448,000 Corporate bonds 1,420,000 Financial services 951,000 Energy 950,000 Other 1,858,000 $ 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: Assets Level 3 June 30, 2020 Net loss for the year Other non-marketable investments $ 278,000 $ 278,000 $ (219,000 ) Net loss for the year Assets Level 3 June 30, 2019 ended June 30, 2019 Other non-marketable investments $ 612,000 $ 612,000 $ (98,000 )

Other Assets, Net (Tables)

Other Assets, Net (Tables)	12 Months Ended
	Jun. 30, 2020
Other Assets Net
Schedule of Other Assets	Other assets consist of the following as of June 30: 2020 2019 Accounts receivable, net $ 504,000 $ 852,000 Prepaid expenses 673,000 747,000 Miscellaneous assets, net 808,000 763,000 Total other assets $ 1,985,000 $ 2,362,000

Related Party and Other Finan_2

Related Party and Other Financing Transactions (Tables)	12 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and 2019, respectively. As of June 30, 2020 2019 Note payable - Hilton $ 3,008,000 $ 3,325,000 Note payable - Interstate 1,646,000 1,896,000 Other notes payable - SBA Loans 5,172,000 - Other notes payable - 40,000 Total related party and other notes payable $ 9,826,000 $ 5,261,000
Schedule of Minimum Future Lease Payments	Minimum future lease payments for assets under finance leases as of June 30, 2020 are as follows: For the year ending June 30, 2021 $ 503,000 2022 492,000 2023 188,000 Total minimum lease payments 1,183,000 Less interest on finance lease (85,000 ) Present value of future minimum lease payments $ 1,098,000
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, 2021 $ 1,016,000 2022 9,190,000 2023 750,000 2024 567,000 2025 567,000 Thereafter 1,819,000 $ 13,909,000

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	12 Months Ended
	Jun. 30, 2020
Mortgage Notes Payable Tables Abstract
Schedule of Mortgage Note Payable	Each mortgage notes payable is secured by real estate or the Hotel. As of June 30, 2020 and 2019, the mortgage notes payables are summarized as follows: As of June 30, 2020 Number Note Note Property of Units Origination Date Maturity Date Mortgage Balance Interest Rate SF Hotel 544 rooms December 2013 January 2024 $ 92,292,000 5.28 % SF Hotel 544 rooms July 2019 January 2024 20,000,000 7.25 % Mortgage notes payable - Hotel 112,292,000 Debt issuance costs (896,000 ) Total mortgage notes payable - Hotel $ 111,396,000 Florence 157 March 2015 April 2025 $ 3,150,000 3.87 % Las Colinas 358 November 2012 December 2022 16,529,000 3.73 % Morris County 151 April 2020 May 2030 18,341,000 3.17 % St. Louis 264 May 2013 May 2023 5,236,000 4.05 % Los Angeles 4 September 2012 September 2042 333,000 3.75 % Los Angeles 2 September 2012 September 2042 337,000 3.75 % Los Angeles 1 August 2012 September 2042 363,000 3.75 % Los Angeles 31 November 2010 December 2020 4,800,000 4.85 % Los Angeles 30 August 2007 September 2022 5,614,000 5.97 % Los Angeles 14 April 2011 March 2021 1,597,000 5.89 % Los Angeles 12 June 2016 June 2026 2,125,000 3.59 % Los Angeles 9 June 2020 July 2030 2,600,000 3.09 % Los Angeles 9 April 2011 March 2021 1,088,000 5.89 % Los Angeles 8 July 2013 July 2043 428,000 3.75 % Los Angeles 7 August 2012 September 2042 823,000 3.75 % Los Angeles 4 August 2012 September 2042 563,000 3.75 % Los Angeles 1 September 2012 September 2042 388,000 3.75 % Los Angeles 1 September 2018 October 2048 974,000 4.75 % Los Angeles Office April 2016 January 2021 770,000 2.67 % Mortgage notes payable - real estate 66,059,000 Debt issuance costs (447,000 ) Total mortgage notes payable - real estate $ 65,612,000 As of June 30, 2019 Number Note Note Property of Units Origination Date Maturity Date Mortgage Balance Interest Rate SF Hotel 544 rooms December 2013 January 2024 $ 93,746,000 5.28 % SF Hotel 544 rooms December 2013 January 2024 20,000,000 9.75 % Mortgage notes payable - Hotel 113,746,000 Debt issuance costs (659,000 ) Total mortgage notes payable - Hotel $ 113,087,000 Florence 157 March 2015 April 2025 $ 3,222,000 3.87 % Las Colinas 358 November 2012 December 2022 16,974,000 3.73 % Morris County 151 July 2012 August 2022 8,737,000 3.51 % Morris County 151 June 2014 August 2022 2,512,000 4.51 % St. Louis 264 May 2013 May 2023 5,365,000 4.05 % Los Angeles 4 September 2012 September 2042 343,000 3.75 % Los Angeles 2 September 2012 September 2042 347,000 3.75 % Los Angeles 1 August 2012 September 2042 373,000 3.75 % Los Angeles 31 November 2010 December 2020 4,927,000 4.85 % Los Angeles 30 August 2007 September 2022 5,765,000 5.97 % Los Angeles 14 April 2011 March 2021 1,632,000 5.89 % Los Angeles 12 June 2016 June 2026 2,172,000 3.59 % Los Angeles 9 April 2011 May 2021 1,303,000 5.60 % Los Angeles 9 April 2011 March 2021 1,112,000 5.89 % Los Angeles 8 July 2013 July 2043 440,000 3.75 % Los Angeles 7 August 2012 September 2042 846,000 3.75 % Los Angeles 4 August 2012 September 2042 579,000 3.75 % Los Angeles 1 September 2012 September 2042 399,000 3.75 % Los Angeles 1 September 2018 October 2048 990,000 4.75 % Los Angeles Office April 2016 January 2021 806,000 4.91 % Mortgage notes payable - real estate 58,844,000 Debt issuance costs (273,000 ) Total mortgage notes payable - real estate $ 58,571,000
Schedule of Future Minimum Payment for Mortgage Notes Payable	Future minimum payments for all mortgage notes payable are as follows: For the year ending June 30, 2021 $ 11,211,000 2022 3,101,000 2023 28,244,000 2024 108,113,000 2025 3,494,000 Thereafter 24,188,000 $ 178,351,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Income Tax (Expense) Benefit	The provision for the Company’s income tax (expense) benefit is comprised of the following: For the years ended June 30, 2020 2019 Federal Current tax expense $ (57,000 ) $ (1,387,000 ) Deferred tax benefit 1,828,000 2,563,000 1,771,000 1,176,000 State Current tax expense (64,000 ) (25,000 ) Deferred tax benefit (expense) 1,087,000 (850,000 ) 1,023,000 (875,000 ) Income Tax Benefit $ 2,794,000 $ 301,000
Schedule of Effective Income Tax Rate Reconciliation	The provision for income taxes differs from the amount of income tax computed by applying the federal statutory income tax rate to income before taxes as a result of the following differences: For the years ended June 30, 2020 2019 Statutory federal tax rate $ 1,593,000 $ (457,000 ) State income taxes, net of federal tax benefit 812,000 (972,000 ) Dividend received deduction 18,000 16,000 Disallowed interest 504,000 - Valuation allowance 49,000 2,158,000 Basis difference in investments 39,000 815,000 Carryback tax payable - (1,140,000 ) Other (221,000 ) (119,000 ) $ 2,794,000 $ 301,000
Schedule of Deferred Tax Assets and Liabilities	The components of the deferred tax asset and liabilities are as follows: June 30, 2020 June 30, 2019 Deferred tax assets: Net operating loss carryforwards $ 8,713,000 $ 6,810,000 Capital loss carryforwards 1,074,000 1,283,000 Investment impairment reserve 1,156,000 1,295,000 Accruals and reserves 871,000 1,095,000 Interest expense 1,498,000 162,000 Tax credits 563,000 619,000 Unrealized loss on marketable securities 1,591,000 547,000 Other 221,000 231,000 Valuation allowance (497,000 ) (524,000 ) 15,190,000 11,518,000 Deferred tax liabilities: Equity earnings (4,306,000 ) (3,188,000 ) Deferred gains on real estate sale and depreciation (6,249,000 ) (6,844,000 ) State taxes (252,000 ) (18,000 ) (10,807,000 ) (10,050,000 ) Net deferred tax asset $ 4,383,000 $ 1,468,000
Schedule of Estimated Net Operating Losses (NOLs)	Federal State InterGroup $ - $ - Santa Fe 9,781,000 4,761,000 Portsmouth 20,705,000 21,379,000 $ 30,486,000 $ 26,140,000

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Loss from investments consists of net investment loss, dividend and interest income and investment related expenses. As of and for the year Hotel Real Estate Investment ended June 30, 2020 Operations Operations Transactions Other Total Revenues $ 42,839,000 $ 15,178,000 $ - $ - $ 58,017,000 Segment operating expenses (37,333,000 ) (8,051,000 ) - (2,870,000 ) (48,254,000 ) Segment income (loss) from operations 5,506,000 7,127,000 - (2,870,000 ) 9,763,000 Interest expense - mortgage (6,885,000 ) (2,436,000 ) - - (9,321,000 ) Loss on debt extinguishment - (687,000 ) - - (687,000 ) Depreciation and amortization expense (2,389,000 ) (2,483,000 ) - - (4,872,000 ) Loss from investments - - (2,766,000 ) - (2,766,000 ) Income tax benefit - - - 2,794,000 2,794,000 Net income (loss) $ (3,768,000 ) $ 1,521,000 $ (2,766,000 ) $ (76,000 ) $ (5,089,000 ) Total assets $ 56,004,000 $ 50,338,000 $ 6,456,000 $ 17,419,000 $ 130,217,000 As of and for the year Hotel Real Estate Investment ended June 30, 2019 Operations Operations Transactions Other Total Revenues $ 59,881,000 $ 14,872,000 $ - $ - $ 74,753,000 Segment operating expenses (44,466,000 ) (7,810,000 ) - (2,346,000 ) (54,622,000 ) Segment income (loss) from operations 15,415,000 7,062,000 - (2,346,000 ) 20,131,000 Interest expense - mortgage (7,234,000 ) (2,554,000 ) - - (9,788,000 ) Loss on disposal of assets (398,000 ) - - - (398,000 ) Depreciation and amortization expense (2,506,000 ) (2,429,000 ) - - (4,935,000 ) Loss from investments - - (2,497,000 ) - (2,497,000 ) Income tax benefit - - - 301,000 301,000 Net income (loss) $ 5,277,000 $ 2,079,000 $ (2,497,000 ) $ (2,045,000 ) $ 2,814,000 Total assets $ 62,148,000 $ 51,773,000 $ 10,308,000 $ 6,650,000 $ 130,879,000

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	12 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following table summarizes the stock options activity from July 1, 2018 through June 30, 2020: Number of Weighted Average Weighted Average Aggregate Shares Exercise Price Remaining Life Intrinsic Value Outstanding at July 1, 2018 368,000 $ 17.21 4.17 years $ 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 Outstanding at July 1, 2019 341,195 $ 16.95 3.07 years $ 4,680,000 Granted - - - - Exercised - - - - Forfeited - - - - Exchanged - - - - Outstanding at June 30, 2020 341,195 $ 16.95 3.83 years $ 3,271,000 Exercisable at June 30, 2020 323,195 $ 16.38 3.67 years $ 3,271,000 Vested and Expected to vest at June 30, 2020 341,195 $ 16.95 3.83 years $ 3,271,000

Business and Significant Acco_3

Business and Significant Accounting Policies and Practices (Details Narrative) - USD ($)	Sep. 28, 2018	Feb. 03, 2017	Jun. 30, 2020	Jun. 30, 2019
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 of the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the form of a self-exhausting, interest free note payable in the amount of $2,000,000 in a separate key money agreement. As of June 30, 2020 and 2019, balance of the key money including accrued interests are $1,009,000 and $2,049,000, respectively, and are included in restricted cash in the consolidated balance sheets. As of June 30, 2020 and 2019, balance of the unamortized portion of the key money are $1,646,000 and $1,896,000, respectively, and are included in the related party notes payable in the consolidated balance sheets. On October 25, 2019, Interstate merged with Aimbridge Hospitality, North America's largest independent hotel management firm. With the completion of the merger, the newly combined company will be positioned under the Aimbridge Hospitality name in the Americas.
Bears interest percentage	4.75%
Accrued interests			$ 1,009,000	$ 2,049,000
Unamortized portion amount			1,646,000	1,896,000
Impairment losses related to other investments			219,000	98,000
Allowance for impairment losses			$ 6,270,000	6,367,000
Asset amortized life			15 years
Allowance for doubtful accounts			$ 79,000	$ 71,000
Acquisition of treasury stock			21,153	33,601
Advertising cost			$ 176,000	$ 282,000
Buildings Improvements [Member] | Minimum [Member]
Estimated useful lives			3 years
Buildings Improvements [Member] | Maximum [Member]
Estimated useful lives			39 years
Furniture And Fixtures [Member] | Minimum [Member]
Estimated useful lives			3 years
Furniture And Fixtures [Member] | Maximum [Member]
Estimated useful lives			7 years
Rental Property [Member] | Minimum [Member]
Estimated useful lives			5 years
Rental Property [Member] | Maximum [Member]
Estimated useful lives			40 years
Building and Improvements [Member] | Minimum [Member]
Estimated useful lives			5 years
Building and Improvements [Member] | Maximum [Member]
Estimated useful lives			10 years
Mortgage Note Payable [Member]
Bears interest percentage		1.70%
Interest free note payable amount		$ 2,000,000
Portsmouth [Member]
Ownership interest percentage			68.80%
Portsmouth [Member] | InterGroup [Member]
Ownership interest percentage			93.30%
InterGroup [Member]
Ownership interest percentage			13.70%
Mr. Winfield [Member]
Potentially dilutive securities outstanding			323,195
Santa Fe [Member]
Power to vote percentage interest			87.40%
Santa Fe [Member] | Chairman and CEO [Member]
Power to vote percentage interest			3.70%

Liquidity (Details Narrative)

Liquidity (Details Narrative) - USD ($)	Aug. 28, 2020	Aug. 28, 2020	Apr. 30, 2020	Apr. 27, 2020	Apr. 09, 2020	Jul. 02, 2014	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Aug. 19, 2020	Feb. 05, 2020	Jul. 31, 2018
Net cash (used in) provided by operating activities								$ (3,454,000)	$ 14,269,000
Cash, cash equivalents, and restricted cash							$ 28,286,000	28,286,000
Proceeds from loan			$ 6,814,000				1,144,000
Debt maturity date			Apr. 30, 2030
Property Improvement Plan [Member]
Cash, cash equivalents, and restricted cash							2,432,000	2,432,000
Furniture, Fixtures and Equipment Reserves [Member]
Cash, cash equivalents, and restricted cash							7,486,000	7,486,000
Hotel Senior Lender [Member]
Cash, cash equivalents, and restricted cash							$ 10,666,000	$ 10,666,000
Sole General Partner [Member]
Voting interest							93.30%	93.30%
InterGroup [Member]
Debt maturity date						Jul. 1, 2021
Debt interest rate						12.00%
Santa Fe [Member] | Contribution Agreement [Member]
Voting interest											44.60%
Subsequent Event [Member] | Property Improvement Plan [Member]
Deposits										$ 2,379,000
Subsequent Event [Member] | InterGroup [Member] | Contribution Agreement [Member]
Repayment of InterGroup's RLOC	$ 2,985,000	$ 2,985,000
Payment from the sale	662,000
Subsequent Event [Member] | Santa Fe [Member]
Sale of properties	15,650,000
Gain on sale of property	12,026,000
Proceeds from sale of property	$ 12,163,000
CIBC Bank [Member] | CARES Act [Member]
Proceeds from loan				$ 453,000	$ 4,719,000
Debt maturity date				Apr. 27, 2022	Apr. 9, 2022
Debt interest rate				1.00%	1.00%
CIBC Bank [Member] | InterGroup [Member]
Revolving line of credit amount												$ 5,000,000
CIBC Bank [Member] | InterGroup [Member] | CARES Act [Member]
Qualified expenses				$ 453,000			$ 453,000	$ 453,000
CIBC Bank [Member] | Justice [Member] | CARES Act [Member]
Qualified expenses					$ 3,568,000		3,568,000	3,568,000
Future qualified expenses					$ 1,151,000		1,151,000	1,151,000
Cibc Bank Usa [Member]
Revolving line of credit amount							8,000,000	8,000,000
Line of credit, available to be drawn							$ 5,000,000	$ 5,000,000

Revenue (Details Narrative)

Revenue (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Contract with customer, liability	$ 375,000	$ 1,215,000
Contract with customer liability, revenue recognized	$ 840,000

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Total Hotel revenue	$ 58,017,000	$ 74,753,000
Hotel Rooms [Member]
Total Hotel revenue	36,465,000	51,243,000
Food and Beverage [Member]
Total Hotel revenue	3,529,000	5,353,000
Garage [Member]
Total Hotel revenue	2,368,000	2,875,000
Other Operating Departments [Member]
Total Hotel revenue	477,000	410,000
Hotel [Member]
Total Hotel revenue	$ 42,839,000	$ 59,881,000

Investment in Hotel, Net - Sche

Investment in Hotel, Net - Schedule of Investment in Hotel (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Cost	$ 99,046,000	$ 97,723,000
Accumulated Depreciation	(60,277,000)	(57,887,000)
Net Book Value	38,769,000	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	1,775,000	521,000
Accumulated Depreciation	(291,000)	(35,000)
Net Book Value	1,484,000	486,000
Furniture and Equipment [Member]
Cost	30,528,000	30,585,000
Accumulated Depreciation	(27,498,000)	(26,842,000)
Net Book Value	3,030,000	3,743,000
Building and Improvements [Member]
Cost	64,005,000	63,879,000
Accumulated Depreciation	(32,488,000)	(31,010,000)
Net Book Value	$ 31,517,000	$ 32,869,000

Investment in Real Estate, Ne_2

Investment in Real Estate, Net - Schedule of Investment in Real Estate (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Real estate investment, Gross	$ 48,870,000	$ 50,306,000
Real estate investment, Accumulated depreciation	(44,112,000)	(41,629,000)
Real estate investment, Land held for development	1,468,000	1,467,000
Real estate investment, Net	50,338,000	51,773,000
Land [Member]
Real estate investment, Gross	23,565,000	23,566,000
Buildings Improvements and Equipment [Member]
Real estate investment, Gross	$ 69,417,000	$ 68,369,000

Investment in Marketable Secu_3

Investment in Marketable Securities (Details Narrative) - Comstock [Member] - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Investment marketable securities percentage	11.00%	7.00%
Unrealized losses related to securities	$ 5,734,000	$ 11,088,000
Unrealized losses related to investment	$ 5,427,000	$ 10,900,000

Investment in Marketable Secu_4

Investment in Marketable Securities - Schedule of Trading Securities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Gross unrealized loss	$ (1,272,000)	$ (927,000)
Net unrealized loss	(1,913,000)	(1,733,000)
Corporate Equities [Member]
Cost	11,459,000	19,204,000
Gross unrealized gain	902,000	1,753,000
Gross unrealized loss	(6,183,000)	(11,261,000)
Net unrealized loss	(5,281,000)	(9,508,000)
Fair value	$ 6,178,000	$ 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 ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Realized loss on marketable securities	$ (641,000)	$ (806,000)
Unrealized loss on marketable securities related to Comstock		(254,000)
Unrealized loss on marketable securities	(1,272,000)	(673,000)
Net loss on marketable securities	$ (1,913,000)	$ (1,733,000)

Other Investments, Net - Schedu

Other Investments, Net - Schedule of Other Investments, Net (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Other investments	$ 278,000	$ 612,000
Private Equity Hedge Fund, at Cost [Member]
Other investments	157,000	376,000
Other Investments [Member]
Other investments	$ 121,000	$ 236,000

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Proceeds from other investments	$ 115,000	$ 103,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurement on Recurring Basis (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Investment in marketable securities	$ 6,178,000	$ 9,696,000
Level 1 [Member]
Investment in marketable securities	6,178,000	9,696,000
Level 1 [Member] | REITs and Real Estate Companies [Member]
Investment in marketable securities	2,365,000	3,069,000
Level 1 [Member] | Basic Material [Member]
Investment in marketable securities	1,209,000
Level 1 [Member] | Energy [Member]
Investment in marketable securities	767,000	950,000
Level 1 [Member] | Industrials [Member]
Investment in marketable securities	484,000
Level 1 [Member] | Corporate Bonds [Member]
Investment in marketable securities	417,000	1,420,000
Level 1 [Member] | Other [Member]
Investment in marketable securities	$ 936,000	1,858,000
Level 1 [Member] | Consumer Cyclical [Member]
Investment in marketable securities		1,448,000
Level 1 [Member] | Financial Services [Member]
Investment in marketable securities		$ 951,000

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Measurements on Non-recurring Basis (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Other non-marketable investments	$ 278,000	$ 612,000
Net loss	(219,000)	(98,000)
Level 3 [Member]
Other non-marketable investments	$ 278,000	$ 612,000

Other Assets, Net - Schedule of

Other Assets, Net - Schedule of Other Assets (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Prepaid Expense and Other Assets [Abstract]
Accounts receivable, net	$ 504,000	$ 852,000
Prepaid expenses	673,000	747,000
Miscellaneous assets, net	808,000	763,000
Total other assets	$ 1,985,000	$ 2,362,000

Related Party and Other Finan_3

Related Party and Other Financing Transactions (Details Narrative) - USD ($)

Apr. 30, 2020

Apr. 27, 2020

Apr. 09, 2020

Feb. 05, 2020

Sep. 28, 2018

Aug. 31, 2018

Jul. 31, 2018

Jul. 31, 2018

Jul. 02, 2014

Jul. 31, 2020

Jun. 30, 2020

Jul. 31, 2019

Jun. 30, 2020

Jun. 30, 2019

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 of the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the form of a self-exhausting, interest free note payable in the amount of $2,000,000 in a separate key money agreement. As of June 30, 2020 and 2019, balance of the key money including accrued interests are $1,009,000 and $2,049,000, respectively, and are included in restricted cash in the consolidated balance sheets. As of June 30, 2020 and 2019, balance of the unamortized portion of the key money are $1,646,000 and $1,896,000, respectively, and are included in the related party notes payable in the consolidated balance sheets. On October 25, 2019, Interstate merged with Aimbridge Hospitality, North America's largest independent hotel management firm. With the completion of the merger, the newly combined company will be positioned under the Aimbridge Hospitality name in the Americas.

Key money plus accrued interest amount

$ 1,009,000

$ 1,009,000

$ 2,049,000

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

Bears interest percentage

4.75%

Debt maturity date

Apr. 30, 2030

Debt instrument term

5 years

Proceeds from line of credit

$ 995,000

2,985,000

Proceeds from loan

$ 6,814,000

1,144,000

Other notes payable - SBA Loans

5,172,000

5,172,000

Finance lease obligations

1,098,000

$ 1,098,000

1,486,000

Lease descriptions

These finance leases expire in various years through 2023 at rates ranging from 4.62% to 6.25% per annum.

Minimum [Member]

Financial leases, rate per annum

4.62%

Maximum [Member]

Financial leases, rate per annum

6.25%

Intergroup Woodland Village, Inc [Member]

Drawn to pay off mortgage note payable

$ 2,969,000

InterGroup [Member]

Variable interest rate LIBOR

The RLOC carries a variable interest rate of 30-day LIBOR plus 3%.

Increase in line of credit facility

$ 3,000,000

Maturity date description

Extended to July 2021.

July 24, 2019 to July 23, 2020

Mortgage due to related party amount

$ 2,969,000

$ 2,969,000

Debt maturity date

Jul. 1, 2021

Debt instrument term

2 years

Debt interest rate

12.00%

Debt principal amount

$ 4,250,000

Loan fee percentage

3.00%

Unsecured loan

3,000,000

$ 3,000,000

$ 3,000,000

InterGroup [Member] | CIBC Bank [Member]

Revolving line of credit

$ 5,000,000

$ 5,000,000

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

CARES Act [Member] | CIBC Bank [Member]

Debt maturity date

Apr. 27, 2022

Apr. 9, 2022

Proceeds from loan

$ 453,000

$ 4,719,000

Debt interest rate

1.00%

1.00%

CARES Act [Member] | CIBC Bank [Member] | Justice [Member]

Qualified expenses

$ 3,568,000

3,568,000

3,568,000

Future qualified expenses

$ 1,151,000

1,151,000

1,151,000

CARES Act [Member] | InterGroup [Member] | CIBC Bank [Member]

Qualified expenses

$ 453,000

$ 453,000

453,000

Contribution Agreement [Member] | Santa Fe [Member]

Number of interest acquired

44.60%

Number of common stock shares received

97,500

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 ($)	Jun. 30, 2020	Jun. 30, 2019
Total related party and other notes payable	$ 4,654,000	$ 5,261,000
Note payable - Hilton [Member]
Total related party and other notes payable	3,008,000	3,325,000
Note payable - Interstate [Member]
Total related party and other notes payable	1,646,000	1,896,000
SBALoans [Member]
Total related party and other notes payable	5,172,000
Other Notes Payable [Member]
Total related party and other notes payable		$ 40,000

Related Party and Other Finan_5

Related Party and Other Financing Transactions - Schedule of Minimum Future Lease Payments (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Related Party Transactions [Abstract]
2021	$ 503,000
2022	492,000
2023	188,000
Total minimum lease payments	1,183,000
Less interest on finance lease	(85,000)
Present value of future minimum lease payments	$ 1,098,000	$ 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]	Jun. 30, 2020USD ($)
2021	$ 1,016,000
2022	9,190,000
2023	750,000
2024	567,000
2025	567,000
Thereafter	1,819,000
Total	$ 13,909,000

Mortgage Notes Payable (Details

Mortgage Notes Payable (Details Narrative) - USD ($)	Apr. 30, 2020	Jul. 31, 2019	Sep. 28, 2018	Aug. 31, 2018	Aug. 31, 2018	Sep. 30, 2018	Jun. 30, 2020	Jun. 30, 2019	May 12, 2017
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount			$ 1,000,000
Bears interest percentage			4.75%
Proceeds from Lines of Credit				$ 995,000				$ 2,985,000
Debt Instrument coverage ratio Description							The DSCR for Operating has been below 1.00 for the last two quarters during fiscal year 2020 while it is required to maintain a DSCR of at least 1.10 to 1.00 for two consecutive quarters. However, such lockbox has been created and utilized from the loan inception and will be in place up to loan maturity regardless of the DSCR.
Revolving Credit Facility [Member]
Mortgage Notes Payable [Line Items]
Proceeds from Lines of Credit					$ 1,005,000
Mezzanine Loan [Member]
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount		$ 20,000,000					$ 20,000,000		$ 20,000,000
Bears interest percentage		7.25%					9.75%
Mortgage loans, description							The term of the loan is 10 years with interest only due in the first three years and principle and interest on the remaining seven years of the loan based on a thirty-year amortization schedule.
Maturity Date		January 1, 2024					January 1, 2024
Mortgage Loans [Member]
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount	$ 8,453,000						$ 97,000,000		$ 97,000,000
Bears interest percentage							5.275%
Maturity Date							January 2024
Mortgage Loans [Member] | NineUnit Apartment Complex [Member]
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount							$ 1,274,000
Bears interest percentage							3.09%
Mortgage loans, description							July 2030
Proceeds from Lines of Credit							$ 1,144,000
Mortgage Loans [Member] | NineUnit Apartment Complex [Member] | California [Member]
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount							$ 2,600,000
Unit Apartment Complex [Member]
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount						$ 995,000
Bears interest percentage						4.75%
Maturity Date						October 2048
Proceeds from Lines of Credit						$ 1,000,000
New Mortgage Loans [Member]
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount	$ 18,370,000
Bears interest percentage	3.17%
Maturity Date	May 2030
Proceeds from Lines of Credit	$ 6,814,000
Extinguishment of Debt	687,000
150 Unit apartment Unit Complex [Member]
Mortgage Notes Payable [Line Items]
Mortgage and mezzanine amount	$ 2,469,000

Mortgage Notes Payable - Schedu

Mortgage Notes Payable - Schedule of Mortgage Note Payable (Details)	12 Months Ended
	Jun. 30, 2020USD ($)Numbers	Jun. 30, 2019USD ($)Numbers
Debt Disclosure [Line Items]
Total mortgage notes payable - Hotel	$ 111,446,000	$ 113,087,000
Total mortgage notes payable - real estate	65,612,000	58,571,000
Mortgage Notes Payable Hotel [Member]
Debt Disclosure [Line Items]
Mortgage notes payable - Hotel	112,292,000	113,746,000
Total mortgage notes payable - Hotel	111,396,000	113,087,000
Debt issuance costs	(896,000)	(659,000)
Mortgage Notes Payable Real Estate [Member]
Debt Disclosure [Line Items]
Mortgage notes payable - real estate	66,059,000	58,844,000
Debt issuance costs	(447,000)	(273,000)
Total mortgage notes payable - real estate	$ 65,612,000	$ 58,571,000
5.28% SF Hotel [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	544
Interest Rate	5.28%
Mortgage notes payable - Hotel	$ 92,292,000
5.28% SF Hotel [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		544
Origination Date	December 2013	December 2013
Maturity Date	January 2024	January 2024
Interest Rate		5.28%
Mortgage notes payable - Hotel		$ 93,746,000
7.25% SF Hotel [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	544
Interest Rate	7.25%
Mortgage notes payable - Hotel	$ 20,000,000
7.25% SF Hotel [Member]
Debt Disclosure [Line Items]
Origination Date	July 2019
Maturity Date	January 2024
3.87% Florence [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	157	157
Origination Date	March 2015	March 2015
Maturity Date	April 2025	April 2025
Interest Rate	3.87%	3.87%
Mortgage notes payable - real estate	$ 3,150,000	$ 3,222,000
3.73% Las Colinas [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	358	358
Origination Date	November 2012	November 2012
Maturity Date	December 2022	December 2022
Interest Rate	3.73%	3.73%
Mortgage notes payable - real estate	$ 16,529,000	$ 16,974,000
3.17% Morris County [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	151
Origination Date	April 2020
Maturity Date	May 2030
Interest Rate	3.17%
Mortgage notes payable - real estate	$ 18,341,000
4.05% St Louis [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	264	264
Origination Date	May 2013	May 2013
Maturity Date	May 2023	May 2023
Interest Rate	4.05%	4.05%
Mortgage notes payable - real estate	$ 5,236,000	$ 5,365,000
3.75% Los Angeles One[Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	4	4
Origination Date	September 2012	September 2012
Maturity Date	September 2042	September 2042
Interest Rate	3.75%	3.75%
Mortgage notes payable - real estate	$ 333,000	$ 343,000
3.75% Los Angeles Two [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	2	2
Origination Date	September 2012	September 2012
Maturity Date	September 2042	September 2042
Interest Rate	3.75%	3.75%
Mortgage notes payable - real estate	$ 337,000	$ 347,000
3.75% Los Angeles Three [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	1	1
Origination Date	August 2012	August 2012
Maturity Date	September 2042	September 2042
Interest Rate	3.75%	3.75%
Mortgage notes payable - real estate	$ 363,000	$ 373,000
4.85% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	31	31
Origination Date	November 2010	November 2010
Maturity Date	December 2020	December 2020
Interest Rate	4.85%	4.85%
Mortgage notes payable - real estate	$ 4,800,000	$ 4,927,000
5.97% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	30	30
Origination Date	August 2007	August 2007
Maturity Date	September 2022	September 2022
Interest Rate	5.97%	5.97%
Mortgage notes payable - real estate	$ 5,614,000	$ 5,765,000
5.89% Los Angeles Two [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	14	9
Origination Date	April 2011	April 2011
Maturity Date	March 2021	March 2021
Interest Rate	5.89%	5.89%
Mortgage notes payable - real estate	$ 1,597,000	$ 1,112,000
3.59% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	12
Interest Rate	3.59%
Mortgage notes payable - real estate	$ 2,125,000
3.59% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		12
Origination Date	June 2016	June 2016
Maturity Date	June 2026	June 2026
Interest Rate		3.59%
Mortgage notes payable - real estate		$ 2,172,000
3.09% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	9
Origination Date	June 2020
Maturity Date	July 2030
Interest Rate	3.09%
Mortgage notes payable - real estate	$ 2,600,000
5.89% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	9	14
Origination Date	April 2011	April 2011
Maturity Date	March 2021	March 2021
Interest Rate	5.89%	5.89%
Mortgage notes payable - real estate	$ 1,088,000	$ 1,632,000
3.75% Los Angeles Four [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	8	8
Origination Date	July 2013	July 2013
Maturity Date	July 2043	July 2043
Interest Rate	3.75%	3.75%
Mortgage notes payable - real estate	$ 428,000	$ 440,000
3.75% Los Angeles Five [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	7	7
Origination Date	August 2012	August 2012
Maturity Date	September 2042	September 2042
Interest Rate	3.75%	3.75%
Mortgage notes payable - real estate	$ 823,000	$ 846,000
3.75% Los Angeles Six [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	4
Interest Rate	3.75%
Mortgage notes payable - real estate	$ 563,000
3.75% Los Angeles Six [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		4
Origination Date	August 2012	August 2012
Maturity Date	September 2042	September 2042
Interest Rate		3.75%
Mortgage notes payable - real estate		$ 579,000
3.75% Los Angeles Seven [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	1
Interest Rate	3.75%
Mortgage notes payable - real estate	$ 388,000
3.75% Los Angeles Seven [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		1
Origination Date	September 2012	September 2012
Maturity Date	September 2042	September 2042
Interest Rate		3.75%
Mortgage notes payable - real estate		$ 399,000
4.75% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers	1
Interest Rate	4.75%
Mortgage notes payable - real estate	$ 974,000
4.75% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		1
Origination Date	September 2012	September 2018
Maturity Date	October 2042	October 2048
Interest Rate		4.75%
Mortgage notes payable - real estate		$ 990,000
2.67% Los Angeles [Member]
Debt Disclosure [Line Items]
Origination Date	April 2016
Maturity Date	January 2021
Interest Rate	2.67%
Mortgage notes payable - real estate	$ 770,000
9.75% SF Hotel [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		544
Origination Date		December 2013
Maturity Date		January 2024
Interest Rate		9.75%
Mortgage notes payable - Hotel		$ 20,000,000
3.51% Morris County [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		151
Origination Date		July 2012
Maturity Date		August 2022
Interest Rate		3.51%
Mortgage notes payable - real estate		$ 8,737,000
4.51% Morris County [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		151
Origination Date		June 2014
Maturity Date		August 2022
Interest Rate		4.51%
Mortgage notes payable - real estate		$ 2,512,000
5.60% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		9
Origination Date		April 2011
Maturity Date		May 2021
Interest Rate		5.60%
Mortgage notes payable - real estate		$ 1,303,000
4.91% Los Angeles [Member]
Debt Disclosure [Line Items]
Number of Units | Numbers		1
Interest Rate		4.91%
Mortgage notes payable - real estate		$ 806,000
Four Point Nine One Los Angeles [Member]
Debt Disclosure [Line Items]
Origination Date		April 2016
Maturity Date		January 2021

Mortgage Notes Payable - Sche_2

Mortgage Notes Payable - Schedule of Future Minimum Payment for Mortgage Notes Payable (Details) - Mortgage Notes [Member]	Jun. 30, 2020USD ($)
Mortgage Notes Payable [Line Items]
2020	$ 11,211,000
2021	3,101,000
2022	28,244,000
2023	108,113,000
2024	3,494,000
Thereafter	24,188,000
Total Mortgage Notes payable	$ 178,351,000

Management Agreements (Details

Management Agreements (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Management Agreement [Line Items]
Management Agreement Term	10 years
Key Money Incentive Advance To Related Party	$ 2,000,000
Interstate Management Company Llc [Member]
Management Agreement [Line Items]
Management Fee Expense	341,000	$ 1,206,000
Unamortized Debt Issuance Expense	1,646,000	1,896,000
Accrued interest	$ 1,009,000	$ 2,049,000

Concentration Of Credit Risk (D

Concentration Of Credit Risk (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Concentration Risk [Line Items]
Accounts Receivable, Net	$ 504,000	$ 852,000
Two Customer [Member] | Hotel [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Accounts Receivable, Net	$ 239,000
Concentration Risk, Percentage	95.00%
One Customer [Member] | Hotel [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Accounts Receivable, Net		$ 272,000
Concentration Risk, Percentage		32.00%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Decrease in valuation allowance	$ 2,086,000
Deferred tax assets, operating loss carryforwards, domestic		$ 30,486,000
Deferred tax assets, operating loss carryforwards, state and local		$ 26,140,000

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax (Expense) Benefit (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Federal: Current tax expense	$ (57,000)	$ (1,387,000)
Federal: Current tax expense	1,828,000	2,563,000
Federal Income Tax (Expense) Benefit, Continuing Operations, Total	1,771,000	1,176,000
State: Current tax expense	(64,000)	(25,000)
State: Deferred tax benefit (expense)	1,087,000	(850,000)
State and Local Income Tax (Expense) Benefit, Continuing Operations, Total	1,023,000	(875,000)
Income Tax Benefit (expense)	$ 2,794,000	$ 301,000

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Statutory federal tax rate	$ 1,593,000	$ (457,000)
State income taxes, net of federal tax benefit	812,000	(972,000)
Dividend received deduction	18,000	16,000
Disallowed interest	504,000
Valuation allowance	49,000	2,158,000
Basis difference in investments	39,000	815,000
Carryback tax payable		(1,140,000)
Other	(221,000)	(119,000)
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations, Extraordinary Items	$ 2,794,000	$ 301,000

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Deferred tax assets: Net operating loss carryforwards	$ 8,713,000	$ 6,810,000
Deferred tax assets: Capital loss carryforwards	1,074,000	1,283,000
Deferred tax assets: Investment impairment reserve	1,156,000	1,295,000
Deferred tax assets: Accruals and reserves	871,000	1,095,000
Deferred tax assets: Interest expense	1,498,000	162,000
Deferred tax assets: Tax credits	563,000	619,000
Deferred tax assets: Unrealized loss on marketable securities	1,591,000	547,000
Deferred tax assets: Other	221,000	231,000
Deferred tax assets: Valuation allowance	(497,000)	(524,000)
Deferred Tax Assets, Net of Valuation Allowance, Total	15,190,000	11,518,000
Deferred tax liabilities: Equity earnings	(4,306,000)	(3,188,000)
Deferred tax liabilities: Deferred gains on real estate sale and depreciation	(6,249,000)	(6,844,000)
Deferred tax liabilities: State taxes	(252,000)	(18,000)
Deferred Tax Liabilities, Gross	(10,807,000)	(10,050,000)
Net deferred tax asset	$ 4,383,000	$ 1,468,000

Income taxes - Schedule of Esti

Income taxes - Schedule of Estimated Net Operating Losses (NOLs) (Details)	Jun. 30, 2020USD ($)
Income Tax Disclosure [Line Items]
Federal	$ 30,486,000
State	26,140,000
InterGroup [Member]
Income Tax Disclosure [Line Items]
Federal
State
Santa Fe [Member]
Income Tax Disclosure [Line Items]
Federal	9,781,000
State	4,761,000
Portsmouth [Member]
Income Tax Disclosure [Line Items]
Federal	20,705,000
State	$ 21,379,000

Segment Information (Details Na

Segment Information (Details Narrative)	12 Months Ended
	Jun. 30, 2020Numbers
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 ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 58,017,000	$ 74,753,000
Segment operating expenses	(48,254,000)	(54,622,000)
Segment income (loss) from operations	4,891,000	15,196,000
Interest expense - mortgage	(9,321,000)	(9,788,000)
Loss on disposal of assets		(398,000)
Depreciation and amortization expense	(4,872,000)	(4,935,000)
Loss from investments	(2,766,000)	(4,935,000)
Income tax benefit	2,794,000	301,000
Net income (loss)	(5,089,000)	2,814,000
Total assets	130,217,000	130,879,000
Hotel Operations [Member]
Segment Reporting Information [Line Items]
Revenues	42,839,000	59,881,000
Segment operating expenses	(37,333,000)	(44,466,000)
Segment income (loss) from operations	5,506,000	15,415,000
Interest expense - mortgage	(6,885,000)	(7,234,000)
Loss on disposal of assets		(398,000)
Depreciation and amortization expense	(2,389,000)	(2,506,000)
Loss from investments
Income tax benefit
Net income (loss)	(3,768,000)	5,277,000
Total assets	56,004,000	62,148,000
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Revenues	15,178,000	14,872,000
Segment operating expenses	(8,051,000)	(7,810,000)
Segment income (loss) from operations	7,127,000	7,062,000
Interest expense - mortgage	(2,436,000)	(2,554,000)
Loss on disposal of assets	(687,000)
Depreciation and amortization expense	(2,483,000)	(2,429,000)
Loss from investments
Income tax benefit
Net income (loss)	1,521,000	2,079,000
Total assets	50,338,000	51,773,000
Investment Transactions [Member]
Segment Reporting Information [Line Items]
Revenues
Segment operating expenses
Segment income (loss) from operations
Interest expense - mortgage
Loss on disposal of assets
Depreciation and amortization expense
Loss from investments	(2,766,000)	(2,497,000)
Income tax benefit
Net income (loss)	(2,766,000)	(2,497,000)
Total assets	6,456,000	10,308,000
Corporate [Member]
Segment Reporting Information [Line Items]
Revenues
Segment operating expenses	(2,870,000)	(2,346,000)
Segment income (loss) from operations	(2,870,000)	(2,346,000)
Interest expense - mortgage
Loss on disposal of assets
Depreciation and amortization expense
Loss from investments
Income tax benefit	2,794,000	301,000
Net income (loss)	(76,000)	(2,045,000)
Total assets	$ 17,419,000	$ 6,650,000

Stock-based Compensation Plan_2

Stock-based Compensation Plans (Details Narrative) - USD ($)	Dec. 28, 2019	Dec. 26, 2013	Mar. 16, 2010	Feb. 24, 2010	Dec. 31, 2018	Mar. 31, 2017	Feb. 29, 2012	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Stock Based Compensation [Line Items]
Exercise price								$ 16.95	$ 16.95	$ 17.21
Stock based compensation								$ 142,000	$ 76,000
Number of stock exercised									26,805
Unamortized compensation related to stock option								$ 18,000
Recognized weighted average period								1 year 8 months 2 days
David C Gonzalez [Member]
Stock Based Compensation [Line Items]
Number of sharea authorized						18,000
Expiration period						10 years
Stock based compensation vesting period						5 years
Exercise price						$ 27.30
Share based compensation option vested						3,600
2010 Incentive Plan [Member] | Omnibus [Member]
Stock Based Compensation [Line Items]
Number of sharea authorized				400,000
Stock based compensation vesting period				5 years
2010 Incentive Plan [Member] | John V. Winfield [Member]
Stock Based Compensation [Line Items]
Number of sharea authorized		160,000	100,000				90,000
Expiration period			10 years				10 years
Stock based compensation vesting period			5 years				5 years
Exercise price			$ 10.30				$ 19.77
Stock vesting description			Pursuant to the time vesting requirements, the options vest over a period of five years, with 20,000 options vesting upon each one-year anniversary of the date of grant. Pursuant to the market vesting requirements, the options vest in increments of 20,000 shares upon each increase of $2.00 or more in the market price of the Company's common stock above the exercise price ($10.30) of the options.				Pursuant to the time vesting requirements, the options vest over a period of five years, with 18,000 options vesting upon each one-year anniversary of the date of grant. Pursuant to the market vesting requirements, the options vest in increments of 18,000 shares upon each increase of $2.00 or more in the market price of the Company's common stock above the exercise price ($19.77) of the options. To satisfy this requirement, the common stock must trade at that increased level for a period of at least ten trading days during any one quarter.
2010 Incentive Plan [Member] | Board Of Directors [Member]
Stock Based Compensation [Line Items]
Number of sharea authorized	100,000
Expiration period	20 years
Expiration period description	The Compensation Committee of the Board of Directors recommended to the Board amendments to the 2010 Incentive Plan which would amend Section 1.3 to extend the term from ten years to sixteen years, and Section 6.4 to change "tenth (10th) anniversary date" to "twentieth (20th) anniversary date". This would increase the term of the 2010 Incentive Plan to twenty years (expiring in February 2030 instead of February 2020) and also permit the existence of options with a term longer than ten years. The purpose of the amendment to the term is to extend its existence as our only incentive plan.
Stock based compensation								$ 116,000
2010 Incentive Plan [Member] | John Winfield [Member]
Stock Based Compensation [Line Items]
Expiration period	16 years
Restricted Stock Units Plan [Member] | 2008 [Member]
Stock Based Compensation [Line Items]
Number of sharea authorized								200,000
Expiration period								10 years
Non Qualified Stock Options [Member] | John V. Winfield [Member]
Stock Based Compensation [Line Items]
Number of sharea authorized		133,195
Expiration period		10 years
Exercise price		$ 18.65
Stock expiration date		Dec. 26, 2023
Incentive Stock Options [Member] | John V. Winfield [Member]
Stock Based Compensation [Line Items]
Number of sharea authorized		26,805
Expiration period		5 years
Exercise price		$ 20.52
Stock vesting description		The stock options are subject to time vesting requirements, with 20% of the options vesting annually commencing on the first anniversary of the grant date.
Number of stock exercised					26,805
Number of shares surrendered					17,439
Number of shares issued					9,366

Stock-based Compensation Plan_3

Stock-based Compensation Plans - Schedule of Stock Option Activity (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	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	323,195	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	16.38	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	3 years 9 months 29 days	3 years 26 days
Weighted Average Remaining Life, Exercisable, Ending Balance	3 years 8 months 2 days	2 years 11 months 1 day
Weighted Average Remaining Life, Vested and expected to vestEnding Balance	3 years 9 months 29 days	3 years 26 days
Aggregate Intrinsic Value, Outstanding, Beginning Balance	$ 4,680,000	$ 3,505,000
Aggregate Intrinsic Value, Outstanding, Ending Balance	3,271,000	4,680,000
Aggregate Intrinsic Value, Exercisable, Ending Balance	3,271,000	4,643,000
Aggregate Intrinsic Value, Vested and expected to vest, Ending Balance	$ 3,271,000	$ 4,680,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Feb. 05, 2020	Sep. 28, 2018	Jul. 02, 2014	Jun. 30, 2020	Jun. 30, 2019
Debt instrument term		5 years
Common stock, par value				$ 0.01	$ 0.01
Justice Operating Company, LLC [Member]
Fee payable				$ 1,550,000	$ 200,000
Santa Fe [Member] | Contribution Agreement [Member]
Number of common stock shares received	97,500
Common stock, par value	$ 0.10
Number of shares exchanged	4,460
Common stock voting rights	Company had the power to vote 86.3% of the voting shares of Santa Fe, which includes the power to vote an approximately 4% interest in the common stock in Santa Fe owned by the Company's Chairman and CEO, John V. Winfield, pursuant to a voting trust agreement entered into on June 30, 1998. Subsequent to this issuance, the Company has the power to vote 87.4% of the issued and outstanding common stock of Santa Fe, which includes the power to vote an approximately 3.7% interest in the common stock in Santa Fe under the aforementioned voting trust agreement. Mr. Winfield, Chairman of the Board of both the Company and Santa Fe, is a control person of both entities.
InterGroup [Member]
Debt principal amount			$ 4,250,000
Debt interest rate			12.00%
Debt instrument term			2 years
Loan fee percentage			3.00%
Unsecured loan				$ 3,000,000	$ 3,000,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Service fees	$ 3,000,000	$ 4,100,000
License Agreement [Member]
Agreement term	15 years

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Aug. 28, 2020	Aug. 28, 2020	Apr. 30, 2020	Jul. 02, 2014	Jul. 31, 2020	Aug. 19, 2020
Debt maturity date			Apr. 30, 2030
InterGroup [Member]
Debt maturity date				Jul. 1, 2021
Subsequent Event [Member] | Santa Fe [Member]
Proceeds from sale of property		$ 15,650,000
Gain on sale of property		12,026,000
Proceeds from sale of property, net		12,163,000
Subsequent Event [Member] | Property Improvement Plan [Member]
Deposits						$ 2,379,000
Cibc Bank Usa [Member] | Subsequent Event [Member]
Line of credit					$ 8,000,000
Debt maturity date					Jul. 21, 2021
Contribution Agreement [Member] | Subsequent Event [Member] | InterGroup [Member]
Proceeds from sale of property		662,000
Repayment of line of credit	$ 2,985,000	$ 2,985,000