The InterGroup Corporation (INTG) 10-Q 29 Apr 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--06-30
Entity File Number	1-10324
Entity Registrant Name	THE INTERGROUP CORPORATION
Entity Central Index Key	0000069422
Entity Tax Identification Number	13-3293645
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1516 S. Bundy Dr.
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90025
City Area Code	(310)
Local Phone Number	889-2500
Title of 12(b) Security	Common stock
Trading Symbol	INTG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,242,315

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Jun. 30, 2021
ASSETS
Investment in Hotel, net	$ 37,677,000	$ 37,651,000
Investment in real estate, net	47,625,000	47,709,000
Investment in marketable securities	25,541,000	35,792,000
Cash and cash equivalents	6,548,000	6,808,000
Restricted cash	7,728,000	8,584,000
Other assets, net	3,054,000	1,662,000
Deferred tax asset	4,880,000	2,140,000
Total assets	133,053,000	140,346,000
Liabilities:
Accounts payable and other liabilities - Hotel	7,363,000	7,408,000
Accounts payable and other liabilities	3,040,000	3,357,000
Due to securities broker	2,720,000	7,917,000
Obligations for securities sold	1,257,000	6,419,000
Related party and other notes payable	3,675,000	4,088,000
Other notes payable - SBA Loans		2,000,000
Mortgage notes payable - Hotel, net	109,092,000	110,134,000
Mortgage notes payable - real estate, net	85,146,000	70,259,000
Total liabilities	212,293,000	211,582,000
Shareholders’ deficit:
Preferred stock, $.01 par value, 100,000 shares authorized; none issued
Common stock, $.01 par value, 4,000,000 shares authorized; 3,459,888 and 3,404,982 issued; 2,243,183 and 2,222,919 outstanding, respectively	33,000	33,000
Additional paid-in capital	2,118,000	2,172,000
Accumulated deficit	(42,023,000)	(36,394,000)
Treasury stock, at cost, 1,216,705 and 1,182,063 shares, respectively	(18,995,000)	(17,370,000)
Total InterGroup shareholders’ deficit	(58,867,000)	(51,559,000)
Noncontrolling interest	(20,373,000)	(19,677,000)
Total shareholders’ deficit	(79,240,000)	(71,236,000)
Total liabilities and shareholders’ deficit	$ 133,053,000	$ 140,346,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Jun. 30, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	4,000,000	4,000,000
Common stock, shares issued	3,459,888	3,404,982
Common stock, shares outstanding	2,243,183	2,222,919
Treasury stock, shares	1,216,705	1,182,063

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Total revenues	$ 10,458,000	$ 6,367,000	$ 31,593,000	$ 19,939,000
Costs and operating expenses:
Hotel operating expenses	(6,544,000)	(3,990,000)	(19,356,000)	(14,156,000)
Real estate operating expenses	(2,270,000)	(2,043,000)	(6,620,000)	(6,031,000)
Depreciation and amortization expenses	(1,185,000)	(1,127,000)	(3,468,000)	(3,499,000)
General and administrative expenses	(580,000)	(605,000)	(1,966,000)	(2,531,000)
Total costs and operating expenses	(10,579,000)	(7,765,000)	(31,410,000)	(26,217,000)
Income (loss) from operations	(121,000)	(1,398,000)	183,000	(6,278,000)
Other (expense) income:
Interest expense - mortgages	(2,188,000)	(2,180,000)	(6,712,000)	(6,736,000)
Net (loss) gain on marketable securities	906,000	768,000	(1,032,000)	4,016,000
Gain on sale of real estate				12,043,000
Net (loss) gain on marketable securities - Comstock		4,870,000	(2,581,000)	4,921,000
Gain on extinguishment of debt		453,000	1,665,000	453,000
Impairment loss on other investments		(30,000)	(41,000)	(119,000)
Dividend and interest income	158,000	158,000	807,000	363,000
Trading and margin interest expense	(339,000)	(362,000)	(1,053,000)	(918,000)
Total other (expense) income, net	(1,463,000)	3,677,000	(8,947,000)	14,023,000
(Loss) income before income taxes	(1,584,000)	2,279,000	(8,764,000)	7,745,000
Income tax benefit (expense)	711,000	(880,000)	2,742,000	(2,590,000)
Net (loss) income	(873,000)	1,399,000	(6,022,000)	5,155,000
Less: Net loss attributable to the noncontrolling interest	407,000	(289,000)	1,392,000	440,000
Net (loss) income attributable to InterGroup Corporation	$ (466,000)	$ 1,110,000	$ (4,630,000)	$ 5,595,000
Net (loss) income per share
Basic	$ (0.39)	$ 0.62	$ (2.71)	$ 2.26
Diluted		0.54		1.97
Net loss (income) per share attributable to InterGroup Corporation
Basic	(0.21)	0.49	(2.09)	2.46
Diluted		$ 0.43		$ 2.14
Weighted average number of basic common shares outstanding	2,230,872	2,267,115	2,219,220	2,276,220
Weighted average number of diluted common shares outstanding		2,604,710		2,613,815
Hotel [Member]
Revenues:
Total revenues	$ 6,632,000	$ 2,902,000	$ 19,785,000	$ 9,436,000
Real Estate [Member]
Revenues:
Total revenues	$ 3,826,000	$ 3,465,000	$ 11,808,000	$ 10,503,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
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)
Balance, shares at Jun. 30, 2020	3,404,982
Net income (loss)			4,550,000		4,550,000	269,000	4,819,000
Stock options expense		5,000			5,000		5,000
Purchase of treasury stock				(140,000)	(140,000)		(140,000)
Balance at Sep. 30, 2020	$ 33,000	6,631,000	(38,991,000)	(15,135,000)	(47,462,000)	(22,101,000)	(69,563,000)
Balance, shares at Sep. 30, 2020	3,404,982
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)
Balance, shares at Jun. 30, 2020	3,404,982
Net income (loss)							5,155,000
Balance at Mar. 31, 2021	$ 33,000	6,638,000	(37,574,000)	(16,333,000)	(47,236,000)	(24,367,000)	(71,603,000)
Balance, shares at Mar. 31, 2021	3,404,982
Balance at Sep. 30, 2020	$ 33,000	6,631,000	(38,991,000)	(15,135,000)	(47,462,000)	(22,101,000)	(69,563,000)
Balance, shares at Sep. 30, 2020	3,404,982
Net income (loss)			(65,000)		(65,000)	(998,000)	(1,063,000)
Stock options expense		5,000			5,000		5,000
Purchase of treasury stock				(116,000)	(116,000)		(116,000)
Balance at Dec. 31, 2020	$ 33,000	6,636,000	(39,056,000)	(15,251,000)	(47,638,000)	(23,099,000)	$ (70,737,000)
Balance, shares at Dec. 31, 2020	3,404,982						3,404,982
Net income (loss)			1,110,000		1,110,000	289,000	$ 1,399,000
Stock options expense		2,000			2,000		2,000
Investment in Justice						(206,000)	(206,000)
Purchase of treasury stock				(1,082,000)	(1,082,000)		(1,082,000)
Reclassify NCI to INTG			372,000		372,000	(372,000)
Distribution to NCI						(979,000)	(979,000)
Balance at Mar. 31, 2021	$ 33,000	6,638,000	(37,574,000)	(16,333,000)	(47,236,000)	(24,367,000)	(71,603,000)
Balance, shares at Mar. 31, 2021	3,404,982
Balance at Jun. 30, 2021	$ 33,000	2,172,000	(36,394,000)	(17,370,000)	(51,559,000)	(19,677,000)	(71,236,000)
Balance, shares at Jun. 30, 2021	3,404,982
Net income (loss)			(2,161,000)		(2,161,000)	(745,000)	(2,906,000)
Stock options expense		2,000			2,000		2,000
Investment in Portsmouth		(25,000)			(25,000)	17,000	(8,000)
Purchase of remaining interest in Justice			(999,000)		(999,000)	999,000
Investment in Justice						(344,000)	(344,000)
Purchase of treasury stock				(74,000)	(74,000)		(74,000)
Balance at Sep. 30, 2021	$ 33,000	2,149,000	(39,554,000)	(17,444,000)	(54,816,000)	(19,750,000)	(74,566,000)
Balance, shares at Sep. 30, 2021	3,404,982
Balance at Jun. 30, 2021	$ 33,000	2,172,000	(36,394,000)	(17,370,000)	(51,559,000)	(19,677,000)	(71,236,000)
Balance, shares at Jun. 30, 2021	3,404,982
Net income (loss)							(6,022,000)
Balance at Mar. 31, 2022	$ 33,000	2,118,000	(42,023,000)	(18,995,000)	(58,867,000)	(20,373,000)	(79,240,000)
Balance, shares at Mar. 31, 2022	3,459,888
Balance at Sep. 30, 2021	$ 33,000	2,149,000	(39,554,000)	(17,444,000)	(54,816,000)	(19,750,000)	(74,566,000)
Balance, shares at Sep. 30, 2021	3,404,982
Net income (loss)			(2,003,000)		(2,003,000)	(240,000)	(2,243,000)
Stock options expense		2,000			2,000		2,000
Investment in Portsmouth		(33,000)			(33,000)	24,000	(9,000)
Purchase of treasury stock				(1,513,000)	(1,513,000)		(1,513,000)
Balance at Dec. 31, 2021	$ 33,000	2,118,000	(41,557,000)	(18,957,000)	(58,363,000)	(19,966,000)	(78,329,000)
Balance, shares at Dec. 31, 2021	3,404,982
Net income (loss)			(466,000)		(466,000)	(407,000)	(873,000)
Purchase of treasury stock				(38,000)	(38,000)		(38,000)
Issuance of stock
Issuance of stock, shares	54,906
Balance at Mar. 31, 2022	$ 33,000	$ 2,118,000	$ (42,023,000)	$ (18,995,000)	$ (58,867,000)	$ (20,373,000)	$ (79,240,000)
Balance, shares at Mar. 31, 2022	3,459,888

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net (loss) income	$ (6,022,000)	$ 5,155,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	3,468,000	3,499,000
Amortization of loan cost	341,000	259,000
Amortization of related party note	(426,000)	(426,000)
Gain from debt extinguishment	(2,000,000)	(453,000)
Gain on sale of real estate		(12,043,000)
Deferred taxes	(2,740,000)	1,658,000
Net unrealized loss (gain) on marketable securities	2,739,000	(9,604,000)
Impairment loss on other investments	41,000	119,000
Stock compensation expense	4,000	12,000
Changes in operating assets and liabilities:
Investment in marketable securities	7,512,000	(21,214,000)
Other assets	(1,433,000)	(1,199,000)
Accounts payable and other liabilities - Hotel	321,000	(1,447,000)
Accounts payable and other liabilities	(317,000)	(1,042,000)
Due to securities broker	(5,197,000)	7,445,000
Obligations for securities sold	(5,162,000)	4,967,000
Net cash used in operating activities	(8,871,000)	(24,314,000)
Cash flows from investing activities:
Payments for hotel investments	(1,694,000)	(491,000)
Payments for real estate investments	(1,716,000)	(830,000)
Payments for investment in Justice	(344,000)	(206,000)
Payments for investment in Portsmouth	(17,000)
Proceeds from sale of real estate		15,178,000
Proceeds from other investments		118,000
Distribution to NCI		(979,000)
Net cash (used in) provided by investing activities	(3,771,000)	12,790,000
Cash flows from financing activities:
Payments of mortgage and other notes payable	(2,857,000)	(3,040,000)
Proceeds from refinance of mortgage notes payable	16,099,000	5,384,000
Issuance costs of refinancing mortgage and other notes payable	(91,000)	(255,000)
Purchase of treasury stock	(1,625,000)	(1,338,000)
Payments of LOC		(2,985,000)
Issuance cost from renewing line of credit		(5,000)
Proceeds from SBA loan		2,000,000
Net cash provided by (used in) financing activities	11,526,000	(239,000)
Net decrease in cash, cash equivalents and restricted cash	(1,116,000)	(11,763,000)
Cash, cash equivalents and restricted cash at the beginning of the period	15,392,000	28,286,000
Cash, cash equivalents and restricted cash at the end of the period	14,276,000	16,523,000
Supplemental information:
Interest paid	5,921,000	6,914,000
Taxes paid	679,000	2,745,000
Non-cash transaction:
Additions to Hotel equipment through finance lease		$ 30,000

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The condensed consolidated financial statements included herein have been prepared by The InterGroup Corporation (“InterGroup” or the “Company”), according to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in the condensed consolidated financial statements prepared in accordance with generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations, although the Company believes the disclosures that are made are adequate to make the information presented not misleading. Further, the condensed consolidated financial statements reflect, in the opinion of management, all adjustments (which included only normal recurring adjustments) necessary for a fair statement of the financial position, cash flows and results of operations as of and for the periods indicated. It is suggested that these financial statements be read in conjunction with the audited financial statements of InterGroup and the notes therein included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2021. The June 30, 2021 Condensed Consolidated Balance Sheet was derived from the Consolidated Balance Sheet as included in the Company’s Form 10-K for the year ended June 30, 2021. The condensed consolidated financial statements include the accounts of our wholly owned and majority-owned subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the nine months ended March 31, 2022 are not necessarily indicative of results to be expected for the full fiscal year ending June 30, 2022. Effective February 19, 2021, the Company’s 83.7 68.8 5,013,000 422,998 3.7 221,000 18,641 75 2.5 Portsmouth’s primary business was conducted through its general and limited partnership interest in Justice Investors Limited Partnership, a California limited partnership (“Justice” or the “Partnership”). Effective July 15, 2021, Portsmouth completed the purchase of 100 Effective Prior to its dissolution effective December 23, 2021, Justice owned and operated 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 through its subsidiaries Justice Operating Company, LLC (“Operating”) and Justice Mezzanine Company, LLC (“Mezzanine”). Mezzanine was a wholly owned subsidiary of the Partnership; Operating is a wholly owned subsidiary of Mezzanine. Effective December 23, 2021, Portsmouth replaced Justice as the single member 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 a full-service Hilton brand hotel pursuant to a Franchise License Agreement with HLT Franchise Holding LLC (“Hilton”) through January 31, 2030. Aimbridge Hospitality (“Aimbridge”) manages the Hotel, along with its five-level parking garage, under certain Hotel management agreement (“HMA”) with Operating. The term of the management agreement is for an initial period of ten years commencing on the February 3, 2017 date and automatically renews for successive one (1) year periods, to not exceed five years in the aggregate, subject to certain conditions. Under the terms on the HMA, base management fee payable to Aimbridge shall be one and seven-tenths percent ( 1.70 In addition to the operations of the Hotel, the Company also generates income from the ownership, management and, when appropriate, sale of real estate. Properties include sixteen apartment complexes, one commercial real estate property and three single-family houses. The properties are located throughout the United States, but are concentrated in Dallas, Texas and Southern California. The Company also has an investment in unimproved real property. As of March 31, 2022, all the Company’s residential and commercial rental properties are managed in-house. There have been no material changes to the Company’s significant accounting policies during the nine months ended March 31, 2022. Please refer to the Company’s Annual Report on Form 10-K for the year ended June 30, 2021 for a summary of the significant accounting policies. Certain prior year amounts have been reclassified for consistency with the current period presentation on the condensed consolidated balance sheet. Other investment, net of $ 41,000 664,000 Recently Issued and Adopted Accounting Pronouncements As of March 31, 2022, management does not expect a material impact from recently issued accounting pronouncements yet to be adopted, on the Company's condensed consolidated financial statements.

LIQUIDITY

LIQUIDITY	9 Months Ended
	Mar. 31, 2022
Liquidity
LIQUIDITY	NOTE 2 - LIQUIDITY Historically, our cash flows have been primarily generated from our Hotel and real estate operations. However, the responses by federal, state, and local civil authorities to the COVID-19 pandemic continues to have a material detrimental impact on our liquidity. For the nine months ended March 31, 2022, our net cash flow used in operations was $ 8,871,000 24,314,000 The Company had cash and cash equivalents of $ 6,548,000 6,808,000 21,564,000 21,456,000 On December 16, 2020, Justice and InterGroup entered into a loan modification agreement which increased Justice’s borrowing from InterGroup as needed up to $ 10,000,000 11,350,000 16,000,000 7,550,000 14,200,000 In June 2020, we refinanced one of our California properties and generated net proceeds of $ 1,144,000 6,762,000 16,099,000 5,000,000 5,000,000 On April 9, 2020, Justice entered into a loan agreement (“SBA Loan”) with CIBC Bank USA under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) administered by the U.S. Small Business Administration (the “SBA”). Justice received proceeds of $ 4,719,000 April 9, 2022 1.00 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 $ 453,000 453,000 April 27, 2022 1.00 On February 3, 2021, Justice entered into a second loan agreement (“Second SBA Loan”) with CIBC Bank USA administered by the SBA. Justice received proceeds of $ 2,000,000 February 3, 2026 1.00 2,000,000 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. The following table provides a summary as of March 31, 2022, the Company’s material financial obligations which also includes interest payments. SCHEDULE OF MATERIAL FINANCIAL OBLIGATION 3 Months Year Year Year Year Total 2022 2023 2024 2025 2026 Thereafter Mortgage and subordinated notes payable $ 195,528,000 $ 841,000 $ 12,960,000 $ 108,321,000 $ 3,866,000 $ 1,066,000 $ 68,474,000 Related party notes payable 3,662,000 142,000 567,000 567,000 567,000 567,000 1,252,000 Interest 32,710,000 2,678,000 8,723,000 5,376,000 2,241,000 2,126,000 11,566,000 Total $ 231,900,000 $ 3,661,000 $ 22,250,000 $ 114,264,000 $ 6,674,000 $ 3,759,000 $ 81,292,000

REVENUE

REVENUE	9 Months Ended
	Mar. 31, 2022
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. SCHEDULE OF DISAGGREGATION OF REVENUE For the three months ended March 31, 2022 2021 Hotel revenues: Hotel rooms $ 5,505,000 $ 2,368,000 Food and beverage 372,000 17,000 Garage 677,000 479,000 Other operating departments 78,000 38,000 Total hotel revenue $ 6,632,000 $ 2,902,000 For the nine months ended March 31, 2022 2021 Hotel revenues: Hotel rooms $ 16,285,000 $ 7,842,000 Food and beverage 934,000 130,000 Garage 2,352,000 1,373,000 Other operating departments 214,000 91,000 Total hotel revenue $ 19,785,000 $ 9,436,000 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 March 31, 2022 and June 30, 2021 other than trade and other receivables, net on our condensed consolidated balance sheets. Our receivables are primarily the result of contracts with customers, which are reduced by an allowance for doubtful accounts that reflects our estimate of amounts that will not be collected. Based on historical trends, the Hotel applies a 50% rate of default to receivables between 90 and 120 days and a 100% rate of default to receivables over 120 days. InterGroup applies a 50% rate of default to receivables from tenants that are over 30 days. We record contract liabilities when cash payments are received or due in advance of guests staying at our hotel, which are presented within accounts payable and other liabilities on our condensed consolidated balance sheets. Contract liabilities increased to $ 467,000 161,000 306,000 Contract costs We consider sales commissions earned to be incremental costs of obtaining a contract with our customers. As a practical expedient, we expense these costs as incurred as our contracts with customers and lease agreements do not extend beyond one year.

INVESTMENT IN HOTEL, NET

INVESTMENT IN HOTEL, NET	9 Months Ended
	Mar. 31, 2022
Investment In Hotel Net
INVESTMENT IN HOTEL, NET	NOTE 4 – INVESTMENT IN HOTEL, NET Investment in hotel consisted of the following as of: SCHEDULE OF INVESTMENT IN HOTEL, NET Accumulated Net Book March 31, 2022 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 1,805,000 (843,000 ) 962,000 Furniture and equipment 32,630,000 (28,351,000 ) 4,279,000 Building and improvements 64,663,000 (34,965,000 ) 29,698,000 Investment in Hotel, net $ 101,836,000 $ (64,159,000 ) $ 37,677,000 Accumulated Net Book June 30, 2021 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 1,805,000 (606,000 ) 1,199,000 Furniture and equipment 31,014,000 (27,957,000 ) 3,057,000 Building and improvements 64,585,000 (33,928,000 ) 30,657,000 Investment in Hotel, net $ 100,142,000 $ (62,491,000 ) $ 37,651,000 Finance lease ROU assets, furniture and equipment are stated at cost, depreciated on a straight-line basis over their useful lives ranging from 3 7 15 39 1,669,000 1,690,000

INVESTMENT IN REAL ESTATE, NET

INVESTMENT IN REAL ESTATE, NET	9 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT IN REAL ESTATE, NET	NOTE 5 – INVESTMENT IN REAL ESTATE, NET The Company’s investment in real estate includes sixteen apartment complexes, one commercial real estate property and three single-family houses. The properties are located throughout the United States, but are concentrated in Dallas, Texas and Southern California. The Company also has an investment in unimproved land located in Maui, Hawaii. Investment in real estate consisted of the following: SCHEDULE OF INVESTMENT IN REAL ESTATE As of March 31, 2022 June 30, 2021 Land $ 22,998,000 $ 22,998,000 Buildings, improvements and equipment 69,888,000 68,173,000 Accumulated depreciation (46,729,000 ) (44,930,000 ) Investment in real estate, gross 46,157,000 46,241,000 Land held for development 1,468,000 1,468,000 Investment in real estate, net $ 47,625,000 $ 47,709,000 Building, improvements, and equipment are stated at cost, depreciated on a straight-line basis over their useful lives ranging from 5 40 1,799,000 1,809,000

INVESTMENT IN MARKETABLE SECURI

INVESTMENT IN MARKETABLE SECURITIES	9 Months Ended
	Mar. 31, 2022
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 transfer to its shareholders through income and/or capital gain. At March 31, 2022 and June 30, 2021, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments, along with the changes in amounts due to broker are included in earnings. Trading securities are summarized as follows: SCHEDULE OF TRADING SECURITIES Investment Cost Gross Unrealized Gain Gross Unrealized Loss Net Unrealized Gain Fair Value As of March 31, 2022 Corporate Equities $ 22,825,000 $ 3,887,000 $ (1,171,000 ) $ 2,716,000 $ 25,541,000 As of June 30, 2021 Corporate Equities $ 29,816,000 $ 8,634,000 $ (2,658,000 ) $ 5,976,000 $ 35,792,000 As of June 30, 2021, approximately 4 March 31, 2022, As of March 31, 2022 and June 30, 2021, the Company had $ 148,000 2,176,000 0 1,933,000 Net gains (losses) on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of net (losses) gains on marketable securities for the three and nine months ended March 31, 2022 and 2021, respectively: SCHEDULE OF NET LOSS ON MARKETABLE SECURITIES COMPRISING OF REALIZED AND UNREALIZED GAINS (LOSSES) For the three months ended March 31, 2022 2021 Realized gain on marketable securities, net $ 127,000 $ 1,845,000 Realized loss on marketable securities related to Comstock - (1,578,000 ) Unrealized gain on marketable securities, net 779,000 501,000 Unrealized gain on marketable securities related to Comstock - 4,870,000 Net gain on marketable securities $ 906,000 $ 5,638,000 For the nine months ended March 31, 2022 2021 Realized gain on marketable securities, net $ 1,707,000 $ 911,000 Realized loss on marketable securities related to Comstock (2,581,000 ) (1,578,000 ) Unrealized (loss) gain on marketable securities, net (2,739,000 ) 4,683,000 Unrealized gain on marketable securities related to Comstock - 4,921,000 Net (loss) gain on marketable securities $ (3,613,000 ) $ 8,937,000

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 7 - FAIR VALUE MEASUREMENTS The carrying values of the Company’s financial instruments not required to be carried at fair value on a recurring basis approximate fair value due to their short maturities (i.e., accounts receivable, other assets, accounts payable and other liabilities and obligations for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable). The assets and liabilities measured at fair value on a recurring basis are as follows: SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS As of March 31, 2022 June 30, 2021 Total - Level 1 Total - Level 1 Assets: Investment in marketable securities: Financial services $ 9,874,000 $ 3,873,000 Communication services 5,166,000 4,872,000 REITs and real estate companies 4,510,000 11,624,000 Energy 1,974,000 6,374,000 Industrials 1,180,000 3,746,000 Technology 1,155,000 442,000 Basic material 842,000 1,797,000 Consumer cyclical 438,000 1,702,000 Healthcare 202,000 981,000 Other 200,000 381,000 Total $ 25,541,000 $ 35,792,000 Investment in marketable securities: $ 25,541,000 $ 35,792,000 The fair values of investments in marketable securities are determined by the most recently traded price of each security at the balance sheet date. Financial assets that are measured at fair value on a non-recurring basis and are not included in the tables above include “Other investments in non-marketable securities,” that were initially measured at cost and have been written down to fair value as a result of impairment. The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows: SCHEDULE OF FAIR VALUE MEASUREMENTS ON NON-RECURRING BASIS Net loss for the nine months ended Assets Level 3 March 31, 2022 March 31, 2022 Other non-marketable investments $ - $ - $ (41,000 ) Net loss for the nine months ended Assets Level 3 June 30, 2021 March 31, 2021 Other non-marketable investments $ 41,000 $ 41,000 $ (119,000 ) For the nine months ended March 31, 2022 and 2021, we received distributions from other non-marketable investments of zero 118,000 Other investments in non-marketable securities are carried at cost net of any impairment loss. The Company has no significant influence or control over the entities that issue these investments and holds less than 20% ownership in each of the investments. These investments are reviewed on a periodic basis for other-than-temporary impairment. The Company reviews several factors to determine whether a loss is other-than-temporary. These factors include but are not limited to: (i) the length of time an investment is in an unrealized loss position, (ii) the extent to which fair value is less than cost, (iii) the financial condition and near-term prospects of the issuer and (iv) our ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value.

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	9 Months Ended
	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	NOTE 8 – CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statement of cash flows. SCHEDULE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH As of March 31, 2022 June 30, 2021 Cash and cash equivalents $ 6,548,000 $ 6,808,000 Restricted cash 7,728,000 8,584,000 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 14,276,000 $ 15,392,000 Restricted cash is comprised of amounts held by lenders for payment of real estate taxes, insurance, replacement and capital addition reserves for the Hotel and real estate properties.

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS	9 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
STOCK BASED COMPENSATION PLANS	NOTE 9 – STOCK BASED COMPENSATION PLANS The Company follows Accounting Standard Codification (ASC) Topic 718 “Compensation – Stock Compensation”, which addresses accounting for equity-based compensation arrangements, including employee stock options and restricted stock units. Please refer to Note 16 – Stock Based Compensation Plans in the Company’s Form 10-K for the year ended June 30, 2021 for more detailed information on the Company’s stock-based compensation plans. During the nine months ended March 31, 2022 and 2021, the Company recorded stock option compensation cost of $ 4,000 12,000 Option-pricing models require the input of various subjective assumptions, including the option’s expected life and the price volatility of the underlying stock. The expected stock price volatility is based on analysis of the Company’s stock price history. The Company has selected to use the simplified method for estimating the expected term. The risk-free interest rate is based on the U.S. Treasury interest rates whose term is consistent with the expected life of the stock options. No dividend yield is included as the Company has not issued any dividends and does not anticipate issuing any dividends in the future. The following table summarizes the stock options activity from July 1, 2020 to March 31, 2022: SCHEDULE OF STOCK OPTION ACTIVITY Weighted Weighted Aggregate Number of Shares Average Exercise Price Average Remaining Life Intrinsic Value Oustanding at July 1, 2020 341,195 $ 16.95 3.83 $ 3,271,000 Granted - - Exercised - - 2,784,000 Forfeited - - Exchanged - - Outstanding at June 30, 2021 341,195 $ 16.95 2.83 $ 8,890,000 Exercisable at June 30, 2021 337,595 $ 16.84 2.80 $ 8,833,000 Vested and Expected to vest at June 30, 2021 341,195 $ 16.95 2.83 $ 8,890,000 Oustanding at July 1, 2021 341,195 $ 16.95 2.83 $ 8,890,000 Granted - - Exercised (90,000 ) 19.77 2,784,000 Forfeited - - Exchanged - - Outstanding at March 31, 2022 251,195 $ 15.95 2.85 $ 9,057,000 Exercisable at March 31, 2022 251,195 $ 15.95 2.85 $ 9,057,000 Vested and Expected to vest at March 31, 2022 251,195 $ 15.95 2.85 $ 9,057,000 On January 21, 2022, Mr. Winfield exercised 90,000 35,094 54,906

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 10 – SEGMENT INFORMATION The Company operates in three three Information below represents reported segments for the three and nine months ended March 31, 2022 and 2021. Operating income (loss) from hotel operations consists of the operation of the hotel and the garage. Operating income from real estate operations consists of the operation of rental properties. Operating gains (losses) from investment transactions consists of net investment gains (losses), impairment loss on other investments, net unrealized gain (loss) on other investments, dividend and interest income and trading and margin interest expense. The other segment consists of corporate general and administrative expenses and the income tax (expense) benefit for the entire Company. SCHEDULE OF SEGMENT REPORTING INFORMATION As of and for the three months Hotel Real Estate Investment ended March 31, 2022 Operations Operations Transactions Corporate Total Revenues $ 6,632,000 $ 3,826,000 $ - $ - $ 10,458,000 Segment operating expenses (6,544,000 ) (2,270,000 ) - (580,000 ) (9,394,000 ) Segment income (loss) 88,000 1,556,000 - (580,000 ) 1,064,000 Interest expense - mortgage (1,624,000 ) (564,000 ) - - (2,188,000 ) Depreciation and amortization expense (576,000 ) (609,000 ) - - (1,185,000 ) Gain (loss) from debt extinguishment 2,000,000 (335,000 ) - - 1,665,000 Gain from investments - - 725,000 - 725,000 Income tax benefit - - - 711,000 711,000 Net (loss) income $ (2,112,000 ) $ 383,000 $ 725,000 $ 131,000 $ (873,000 ) Total assets $ 46,385,000 $ 47,625,000 $ 25,541,000 $ 13,502,000 $ 133,053,000 For the three months Hotel Real Estate Investment ended March 31, 2021 Operations Operations Transactions Corporate Total Revenues $ 2,902,000 $ 3,465,000 $ - $ - $ 6,367,000 Segment operating expenses (3,990,000 ) (1,944,000 ) - (704,000 ) (6,638,000 ) Segment (loss) income (1,088,000 ) 1,521,000 - (704,000 ) (271,000 ) Interest expense - mortgage (1,642,000 ) (538,000 ) - - (2,180,000 ) Depreciation and amortization expense (529,000 ) (598,000 ) - - (1,127,000 ) Gain from debt extinguishment - - - 453,000 453,000 Gain from investments - - 5,404,000 - 5,404,000 Income tax expense - - - (880,000 ) (880,000 ) Net (loss) income $ (3,259,000 ) $ 385,000 $ 5,404,000 $ (1,131,000 ) $ 1,399,000 As of and for the nine months Hotel Real Estate Investment ended March 31, 2022 Operations Operations Transactions Corporate Total Revenues $ 19,785,000 $ 11,808,000 $ - $ - $ 31,593,000 Segment operating expenses (19,356,000 ) (6,620,000 ) - (1,966,000 ) (27,942,000 ) Segment income (loss) 429,000 5,188,000 - (1,966,000 ) 3,651,000 Interest expense - mortgage (4,939,000 ) (1,773,000 ) - - (6,712,000 ) Depreciation and amortization expense (1,669,000 ) (1,799,000 ) - - (3,468,000 ) Gain (loss) from debt extinguishment 2,000,000 (335,000 ) - - 1,665,000 Loss from investments - - (3,900,000 ) - (3,900,000 ) Income tax benefit - - - 2,742,000 2,742,000 Net (loss) income $ (4,179,000 ) $ 1,281,000 $ (3,900,000 ) $ 776,000 $ (6,022,000 ) Total assets $ 46,385,000 $ 47,625,000 $ 25,541,000 $ 13,502,000 $ 133,053,000 As of and for the nine months Hotel Real Estate Investment ended March 31, 2021 Operations Operations Transactions Corporate Total Revenues $ 9,436,000 $ 10,503,000 $ - $ - $ 19,939,000 Segment operating expenses (14,156,000 ) (5,932,000 ) - (2,630,000 ) (22,718,000 ) Segment (loss) income (4,720,000 ) 4,571,000 - (2,630,000 ) (2,779,000 ) Interest expense - mortgage (5,010,000 ) (1,726,000 ) - - (6,736,000 ) Gain from debt extinguishment - - - 453,000 453,000 Depreciation and amortization expense (1,690,000 ) (1,809,000 ) - - (3,499,000 ) Gain from sale of real estate - 12,043,000 - - 12,043,000 Gain from investments - - 8,263,000 - 8,263,000 Income tax expense - - - (2,590,000 ) (2,590,000 ) Net (loss) income $ (11,420,000 ) $ 13,079,000 $ 8,263,000 $ (4,767,000 ) $ 5,155,000

RELATED PARTY AND OTHER FINANCI

RELATED PARTY AND OTHER FINANCING TRANSACTIONS	9 Months Ended
	Mar. 31, 2022
Related Party And Other Financing Transactions
RELATED PARTY AND OTHER FINANCING TRANSACTIONS	NOTE 11 – RELATED PARTY AND OTHER FINANCING TRANSACTIONS The following summarizes the balances of related party and other notes payable as of March 31, 2022 and June 30, 2021, respectively. SCHEDULE OF RELATED PARTY AND OTHER NOTES PAYABLE As of March 31, 2022 June 30, 2021 Related party note payable - Hilton $ 2,455,000 $ 2,692,000 Related party note payable - Aimbridge 1,208,000 1,396,000 SBA Loans - 2,000,000 Total related party and other notes payable $ 3,663,000 $ 6,088,000 Note payable to Hilton (Franchisor) is a self-exhausting, interest free development incentive note which is reduced by approximately $ 316,000 through 2030 On February 1, 2017, Operating entered into an HMA with Aimbridge 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 2,000,000 8 On February 3, 2021, Justice entered into a second loan agreement (“Second SBA Loan”) with CIBC Bank USA administered by the SBA. Justice received proceeds of $ 2,000,000 February 3, 2026 1.00 2,000,000 Future minimum principal payments and amortizations for all related party and other financing transactions are as follows: SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS For the year ending June 30, 2022 $ 142,000 2023 567,000 2024 567,000 2025 567,000 2026 567,000 Thereafter 1,253,000 Long term debt $ 3,663,000 To fund the redemption of limited partnership interests and to repay the prior mortgage of $ 42,940,000 97,000,000 20,000,000 5.275 89,818,000 90,745,000 The mezzanine interest only loan had an interest rate of 9.75% per annum and a maturity date of January 1, 2024 20,000,000 9.75 7.25 Effective May 11, 2017, InterGroup agreed to become an additional guarantor under the limited guaranty and an additional indemnitor under the environmental indemnity for Justice Investors limited partnership’s $ 97,000,000 20,000,000 On July 2, 2014, the Partnership obtained from InterGroup an unsecured loan in the principal amount of $ 4,250,000 12 with a term of 2 years 3 The loan was extended to July 31, 2022 10,000,000 11,350,000 16,000,000 14,200,000 6,650,000 In July 2018, InterGroup obtained a revolving $ 5,000,000 2,969,000 The RLOC carries a variable interest rate of 30-day LIBOR plus 3% 2,969,000 2,969,000 15,650,000 12,163,000 2,985,000 662,000 On November 23, 2020, Santa Fe sold its 2-unit apartment complex in West Los Angeles, California to InterGroup for $ 1,530,000 1,196,000 785,000 334,000 901,000 As disclosed in its Definitive Information Statement on Schedule 14C, filed with the SEC on January 25, 2021, Santa Fe received shareholder approval to distribute its assets, as described and subsequently dissolve, all as set forth in the Information Statement. As InterGroup formerly owned 83.7% of the outstanding common stock of Santa Fe, the Company received cash of $ 5,013,000 422,998 3.7 221,000 18,641 Four of the Portsmouth directors serve as directors of InterGroup. The Company’s Vice President Real Estate was elected President of Portsmouth in May 2021. The Company’s director and Chairman of the Audit Committee, William J. Nance, serves as Comstock’s director and Chairman of the Audit and Finance, Compensation and Nominating and Governance Committees of Comstock. 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 oversees the investment activity of Portsmouth. Effective June 2016, Mr. Winfield became the Managing Director of Justice. Depending on certain market conditions and various risk factors, the Chief Executive Officer and Portsmouth 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 Portsmouth, at risk in substantially the same manner as the Company in connection with investment decisions made on behalf of the Company.

ACCOUNTS PAYABLE AND OTHER LIAB

ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL	9 Months Ended
	Mar. 31, 2022
Accounts Payable And Other Liabilities - Hotel
ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL	NOTE 12 – ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL The following summarizes the balances of accounts payable and other liabilities – Hotel as of March 31, 2022 and June 30, 2021. SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL As of March 31, 2022 June 30, 2021 Payroll and related accruals $ 2,537,000 $ 2,345,000 Trade payable 1,650,000 2,113,000 Withholding and other taxes payable 647,000 885,000 Advance deposits 492,000 161,000 Mortgage interest payable 407,000 582,000 Finance leases 298,000 664,000 Security deposit 52,000 52,000 Other payables 1,280,000 606,000 Total accounts payable and other liabilities - Hotel $ 7,363,000 $ 7,408,000 As of March 31, 2022, the Company had finance lease obligations outstanding of $ 298,000 through 2023 4.62 6.25 SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS FOR ASSETS For the year ending June 30, 2022 $ 119,000 2023 188,000 Total minimum lease payments 307,000 Less interest on finance lease (9,000 ) Present value of future minimum lease payments $ 298,000

ACCOUNTS PAYABLE AND OTHER LI_2

ACCOUNTS PAYABLE AND OTHER LIABILITIES	9 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND OTHER LIABILITIES	NOTE 13 – ACCOUNTS PAYABLE AND OTHER LIABILITIES The following summarizes the balances of accounts payable and other liabilities as of March 31, 2022 and June 30, 2021. SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES As of March 31, 2022 June 30, 2021 Trade payable $ 689,000 $ 485,000 Advance deposits 281,000 282,000 Property tax payable 416,000 559,000 Payroll and related accruals 54,000 42,000 Interest payable 244,000 142,000 Withholding and other taxes payable 262,000 867,000 Tenant security deposit 835,000 789,000 Other payables 259,000 191,000 Total accounts payable and other liabilities $ 3,040,000 $ 3,357,000

NET LOSS PER SHARE APPLICABLE T

NET LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDERS	9 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
NET LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDERS	NOTE 14 - NET LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDERS Basic (loss) income per common share is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the reporting period. Diluted loss per common share is computed similarly to basic loss per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock. The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive (amount in thousands): SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE OF COMMON STOCK For the three and nine months ended March 31, 2022 2021 Options outstanding 251,195 333,995 Total 251,195 333,995

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 15 – SUBSEQUENT EVENT The Company evaluated subsequent events through the date that the accompanying financial statements were issued, and has determined that no material subsequent events exist through the date of this filing

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements As of March 31, 2022, management does not expect a material impact from recently issued accounting pronouncements yet to be adopted, on the Company's condensed consolidated financial statements.

LIQUIDITY (Tables)

LIQUIDITY (Tables)	9 Months Ended
	Mar. 31, 2022
Liquidity
SCHEDULE OF MATERIAL FINANCIAL OBLIGATION	The following table provides a summary as of March 31, 2022, the Company’s material financial obligations which also includes interest payments. SCHEDULE OF MATERIAL FINANCIAL OBLIGATION 3 Months Year Year Year Year Total 2022 2023 2024 2025 2026 Thereafter Mortgage and subordinated notes payable $ 195,528,000 $ 841,000 $ 12,960,000 $ 108,321,000 $ 3,866,000 $ 1,066,000 $ 68,474,000 Related party notes payable 3,662,000 142,000 567,000 567,000 567,000 567,000 1,252,000 Interest 32,710,000 2,678,000 8,723,000 5,376,000 2,241,000 2,126,000 11,566,000 Total $ 231,900,000 $ 3,661,000 $ 22,250,000 $ 114,264,000 $ 6,674,000 $ 3,759,000 $ 81,292,000

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATION OF REVENUE	SCHEDULE OF DISAGGREGATION OF REVENUE For the three months ended March 31, 2022 2021 Hotel revenues: Hotel rooms $ 5,505,000 $ 2,368,000 Food and beverage 372,000 17,000 Garage 677,000 479,000 Other operating departments 78,000 38,000 Total hotel revenue $ 6,632,000 $ 2,902,000 For the nine months ended March 31, 2022 2021 Hotel revenues: Hotel rooms $ 16,285,000 $ 7,842,000 Food and beverage 934,000 130,000 Garage 2,352,000 1,373,000 Other operating departments 214,000 91,000 Total hotel revenue $ 19,785,000 $ 9,436,000

INVESTMENT IN HOTEL, NET (Table

INVESTMENT IN HOTEL, NET (Tables)	9 Months Ended
	Mar. 31, 2022
Investment In Hotel Net
SCHEDULE OF INVESTMENT IN HOTEL, NET	Investment in hotel consisted of the following as of: SCHEDULE OF INVESTMENT IN HOTEL, NET Accumulated Net Book March 31, 2022 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 1,805,000 (843,000 ) 962,000 Furniture and equipment 32,630,000 (28,351,000 ) 4,279,000 Building and improvements 64,663,000 (34,965,000 ) 29,698,000 Investment in Hotel, net $ 101,836,000 $ (64,159,000 ) $ 37,677,000 Accumulated Net Book June 30, 2021 Cost Depreciation Value Land $ 2,738,000 $ - $ 2,738,000 Finance lease ROU assets 1,805,000 (606,000 ) 1,199,000 Furniture and equipment 31,014,000 (27,957,000 ) 3,057,000 Building and improvements 64,585,000 (33,928,000 ) 30,657,000 Investment in Hotel, net $ 100,142,000 $ (62,491,000 ) $ 37,651,000

INVESTMENT IN REAL ESTATE, NET

INVESTMENT IN REAL ESTATE, NET (Tables)	9 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
SCHEDULE OF INVESTMENT IN REAL ESTATE	Investment in real estate consisted of the following: SCHEDULE OF INVESTMENT IN REAL ESTATE As of March 31, 2022 June 30, 2021 Land $ 22,998,000 $ 22,998,000 Buildings, improvements and equipment 69,888,000 68,173,000 Accumulated depreciation (46,729,000 ) (44,930,000 ) Investment in real estate, gross 46,157,000 46,241,000 Land held for development 1,468,000 1,468,000 Investment in real estate, net $ 47,625,000 $ 47,709,000

INVESTMENT IN MARKETABLE SECU_2

INVESTMENT IN MARKETABLE SECURITIES (Tables)	9 Months Ended
	Mar. 31, 2022
Investment In Marketable Securities
SCHEDULE OF TRADING SECURITIES	At March 31, 2022 and June 30, 2021, all of the Company’s marketable securities are classified as trading securities. The change in the unrealized gains and losses on these investments, along with the changes in amounts due to broker are included in earnings. Trading securities are summarized as follows: SCHEDULE OF TRADING SECURITIES Investment Cost Gross Unrealized Gain Gross Unrealized Loss Net Unrealized Gain Fair Value As of March 31, 2022 Corporate Equities $ 22,825,000 $ 3,887,000 $ (1,171,000 ) $ 2,716,000 $ 25,541,000 As of June 30, 2021 Corporate Equities $ 29,816,000 $ 8,634,000 $ (2,658,000 ) $ 5,976,000 $ 35,792,000
SCHEDULE OF NET LOSS ON MARKETABLE SECURITIES COMPRISING OF REALIZED AND UNREALIZED GAINS (LOSSES)	Net gains (losses) on marketable securities on the statement of operations is comprised of realized and unrealized gains (losses). Below is the composition of net (losses) gains on marketable securities for the three and nine months ended March 31, 2022 and 2021, respectively: SCHEDULE OF NET LOSS ON MARKETABLE SECURITIES COMPRISING OF REALIZED AND UNREALIZED GAINS (LOSSES) For the three months ended March 31, 2022 2021 Realized gain on marketable securities, net $ 127,000 $ 1,845,000 Realized loss on marketable securities related to Comstock - (1,578,000 ) Unrealized gain on marketable securities, net 779,000 501,000 Unrealized gain on marketable securities related to Comstock - 4,870,000 Net gain on marketable securities $ 906,000 $ 5,638,000 For the nine months ended March 31, 2022 2021 Realized gain on marketable securities, net $ 1,707,000 $ 911,000 Realized loss on marketable securities related to Comstock (2,581,000 ) (1,578,000 ) Unrealized (loss) gain on marketable securities, net (2,739,000 ) 4,683,000 Unrealized gain on marketable securities related to Comstock - 4,921,000 Net (loss) gain on marketable securities $ (3,613,000 ) $ 8,937,000

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS	The assets and liabilities measured at fair value on a recurring basis are as follows: SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS As of March 31, 2022 June 30, 2021 Total - Level 1 Total - Level 1 Assets: Investment in marketable securities: Financial services $ 9,874,000 $ 3,873,000 Communication services 5,166,000 4,872,000 REITs and real estate companies 4,510,000 11,624,000 Energy 1,974,000 6,374,000 Industrials 1,180,000 3,746,000 Technology 1,155,000 442,000 Basic material 842,000 1,797,000 Consumer cyclical 438,000 1,702,000 Healthcare 202,000 981,000 Other 200,000 381,000 Total $ 25,541,000 $ 35,792,000 Investment in marketable securities: $ 25,541,000 $ 35,792,000
SCHEDULE OF FAIR VALUE MEASUREMENTS ON NON-RECURRING BASIS	SCHEDULE OF FAIR VALUE MEASUREMENTS ON NON-RECURRING BASIS Net loss for the nine months ended Assets Level 3 March 31, 2022 March 31, 2022 Other non-marketable investments $ - $ - $ (41,000 ) Net loss for the nine months ended Assets Level 3 June 30, 2021 March 31, 2021 Other non-marketable investments $ 41,000 $ 41,000 $ (119,000 )

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	9 Months Ended
	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
SCHEDULE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statement of cash flows. SCHEDULE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH As of March 31, 2022 June 30, 2021 Cash and cash equivalents $ 6,548,000 $ 6,808,000 Restricted cash 7,728,000 8,584,000 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 14,276,000 $ 15,392,000

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS (Tables)	9 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF STOCK OPTION ACTIVITY	The following table summarizes the stock options activity from July 1, 2020 to March 31, 2022: SCHEDULE OF STOCK OPTION ACTIVITY Weighted Weighted Aggregate Number of Shares Average Exercise Price Average Remaining Life Intrinsic Value Oustanding at July 1, 2020 341,195 $ 16.95 3.83 $ 3,271,000 Granted - - Exercised - - 2,784,000 Forfeited - - Exchanged - - Outstanding at June 30, 2021 341,195 $ 16.95 2.83 $ 8,890,000 Exercisable at June 30, 2021 337,595 $ 16.84 2.80 $ 8,833,000 Vested and Expected to vest at June 30, 2021 341,195 $ 16.95 2.83 $ 8,890,000 Oustanding at July 1, 2021 341,195 $ 16.95 2.83 $ 8,890,000 Granted - - Exercised (90,000 ) 19.77 2,784,000 Forfeited - - Exchanged - - Outstanding at March 31, 2022 251,195 $ 15.95 2.85 $ 9,057,000 Exercisable at March 31, 2022 251,195 $ 15.95 2.85 $ 9,057,000 Vested and Expected to vest at March 31, 2022 251,195 $ 15.95 2.85 $ 9,057,000

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT REPORTING INFORMATION	SCHEDULE OF SEGMENT REPORTING INFORMATION As of and for the three months Hotel Real Estate Investment ended March 31, 2022 Operations Operations Transactions Corporate Total Revenues $ 6,632,000 $ 3,826,000 $ - $ - $ 10,458,000 Segment operating expenses (6,544,000 ) (2,270,000 ) - (580,000 ) (9,394,000 ) Segment income (loss) 88,000 1,556,000 - (580,000 ) 1,064,000 Interest expense - mortgage (1,624,000 ) (564,000 ) - - (2,188,000 ) Depreciation and amortization expense (576,000 ) (609,000 ) - - (1,185,000 ) Gain (loss) from debt extinguishment 2,000,000 (335,000 ) - - 1,665,000 Gain from investments - - 725,000 - 725,000 Income tax benefit - - - 711,000 711,000 Net (loss) income $ (2,112,000 ) $ 383,000 $ 725,000 $ 131,000 $ (873,000 ) Total assets $ 46,385,000 $ 47,625,000 $ 25,541,000 $ 13,502,000 $ 133,053,000 For the three months Hotel Real Estate Investment ended March 31, 2021 Operations Operations Transactions Corporate Total Revenues $ 2,902,000 $ 3,465,000 $ - $ - $ 6,367,000 Segment operating expenses (3,990,000 ) (1,944,000 ) - (704,000 ) (6,638,000 ) Segment (loss) income (1,088,000 ) 1,521,000 - (704,000 ) (271,000 ) Interest expense - mortgage (1,642,000 ) (538,000 ) - - (2,180,000 ) Depreciation and amortization expense (529,000 ) (598,000 ) - - (1,127,000 ) Gain from debt extinguishment - - - 453,000 453,000 Gain from investments - - 5,404,000 - 5,404,000 Income tax expense - - - (880,000 ) (880,000 ) Net (loss) income $ (3,259,000 ) $ 385,000 $ 5,404,000 $ (1,131,000 ) $ 1,399,000 As of and for the nine months Hotel Real Estate Investment ended March 31, 2022 Operations Operations Transactions Corporate Total Revenues $ 19,785,000 $ 11,808,000 $ - $ - $ 31,593,000 Segment operating expenses (19,356,000 ) (6,620,000 ) - (1,966,000 ) (27,942,000 ) Segment income (loss) 429,000 5,188,000 - (1,966,000 ) 3,651,000 Interest expense - mortgage (4,939,000 ) (1,773,000 ) - - (6,712,000 ) Depreciation and amortization expense (1,669,000 ) (1,799,000 ) - - (3,468,000 ) Gain (loss) from debt extinguishment 2,000,000 (335,000 ) - - 1,665,000 Loss from investments - - (3,900,000 ) - (3,900,000 ) Income tax benefit - - - 2,742,000 2,742,000 Net (loss) income $ (4,179,000 ) $ 1,281,000 $ (3,900,000 ) $ 776,000 $ (6,022,000 ) Total assets $ 46,385,000 $ 47,625,000 $ 25,541,000 $ 13,502,000 $ 133,053,000 As of and for the nine months Hotel Real Estate Investment ended March 31, 2021 Operations Operations Transactions Corporate Total Revenues $ 9,436,000 $ 10,503,000 $ - $ - $ 19,939,000 Segment operating expenses (14,156,000 ) (5,932,000 ) - (2,630,000 ) (22,718,000 ) Segment (loss) income (4,720,000 ) 4,571,000 - (2,630,000 ) (2,779,000 ) Interest expense - mortgage (5,010,000 ) (1,726,000 ) - - (6,736,000 ) Gain from debt extinguishment - - - 453,000 453,000 Depreciation and amortization expense (1,690,000 ) (1,809,000 ) - - (3,499,000 ) Gain from sale of real estate - 12,043,000 - - 12,043,000 Gain from investments - - 8,263,000 - 8,263,000 Income tax expense - - - (2,590,000 ) (2,590,000 ) Net (loss) income $ (11,420,000 ) $ 13,079,000 $ 8,263,000 $ (4,767,000 ) $ 5,155,000

RELATED PARTY AND OTHER FINAN_2

RELATED PARTY AND OTHER FINANCING TRANSACTIONS (Tables)	9 Months Ended
	Mar. 31, 2022
Related Party And Other Financing Transactions
SCHEDULE OF RELATED PARTY AND OTHER NOTES PAYABLE	The following summarizes the balances of related party and other notes payable as of March 31, 2022 and June 30, 2021, respectively. SCHEDULE OF RELATED PARTY AND OTHER NOTES PAYABLE As of March 31, 2022 June 30, 2021 Related party note payable - Hilton $ 2,455,000 $ 2,692,000 Related party note payable - Aimbridge 1,208,000 1,396,000 SBA Loans - 2,000,000 Total related party and other notes payable $ 3,663,000 $ 6,088,000
SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS	Future minimum principal payments and amortizations for all related party and other financing transactions are as follows: SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS For the year ending June 30, 2022 $ 142,000 2023 567,000 2024 567,000 2025 567,000 2026 567,000 Thereafter 1,253,000 Long term debt $ 3,663,000

ACCOUNTS PAYABLE AND OTHER LI_3

ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL (Tables)	9 Months Ended
	Mar. 31, 2022
Accounts Payable And Other Liabilities - Hotel
SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL	The following summarizes the balances of accounts payable and other liabilities – Hotel as of March 31, 2022 and June 30, 2021. SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL As of March 31, 2022 June 30, 2021 Payroll and related accruals $ 2,537,000 $ 2,345,000 Trade payable 1,650,000 2,113,000 Withholding and other taxes payable 647,000 885,000 Advance deposits 492,000 161,000 Mortgage interest payable 407,000 582,000 Finance leases 298,000 664,000 Security deposit 52,000 52,000 Other payables 1,280,000 606,000 Total accounts payable and other liabilities - Hotel $ 7,363,000 $ 7,408,000
SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS FOR ASSETS	SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS FOR ASSETS For the year ending June 30, 2022 $ 119,000 2023 188,000 Total minimum lease payments 307,000 Less interest on finance lease (9,000 ) Present value of future minimum lease payments $ 298,000

ACCOUNTS PAYABLE AND OTHER LI_4

ACCOUNTS PAYABLE AND OTHER LIABILITIES (Tables)	9 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES	The following summarizes the balances of accounts payable and other liabilities as of March 31, 2022 and June 30, 2021. SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES As of March 31, 2022 June 30, 2021 Trade payable $ 689,000 $ 485,000 Advance deposits 281,000 282,000 Property tax payable 416,000 559,000 Payroll and related accruals 54,000 42,000 Interest payable 244,000 142,000 Withholding and other taxes payable 262,000 867,000 Tenant security deposit 835,000 789,000 Other payables 259,000 191,000 Total accounts payable and other liabilities $ 3,040,000 $ 3,357,000

NET LOSS PER SHARE APPLICABLE_2

NET LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDERS (Tables)	9 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE OF COMMON STOCK	The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive (amount in thousands): SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE OF COMMON STOCK For the three and nine months ended March 31, 2022 2021 Options outstanding 251,195 333,995 Total 251,195 333,995

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Cash received in liquidation		$ 5,013,000
Management fee payable, percentage on revenue	1.70%
Other investment net [Member]
Other assets, current			$ 41,000
Finance lease [Member]
Accounts payable			$ 664,000
Portsmouth Inc [Member]
Equity investment interest	75.00%
Minority interest ownership percentage		68.80%
Santa Fe [Member]
Equity investment interest	83.70%
Cash received in liquidation		$ 221,000
Shares received in liquidation		18,641
Santa Fe [Member] | President, Chairman of the Board and Chief Executive Officer, John Winfield [Member]
Equity investment interest		3.70%
Cash received in liquidation		$ 221,000
Santa Fe [Member] | Chairman and CEO [Member]
Shares received in liquidation		18,641
Portsmouth [Member]
Cash received in liquidation		$ 5,013,000
Shares received in liquidation		422,998
Portsmouth [Member] | President, Chairman of the Board and Chief Executive Officer, John Winfield [Member]
Equity investment interest	2.50%
Justice Investors Limited Partnership Andinter Group [Member]
Equity investment interest	100.00%

SCHEDULE OF MATERIAL FINANCIAL

SCHEDULE OF MATERIAL FINANCIAL OBLIGATION (Details)	Mar. 31, 2022USD ($)
Debt Instrument [Line Items]
Long-term Debt	$ 231,900,000
3 Months 2022	3,661,000
Year 2023	22,250,000
Year 2024	114,264,000
Year 2025	6,674,000
Year 2026	3,759,000
Thereafter	81,292,000
Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Long-term Debt	195,528,000
3 Months 2022	841,000
Year 2023	12,960,000
Year 2024	108,321,000
Year 2025	3,866,000
Year 2026	1,066,000
Thereafter	68,474,000
Related Party Notes Payable [Member]
Debt Instrument [Line Items]
Long-term Debt	3,662,000
3 Months 2022	142,000
Year 2023	567,000
Year 2024	567,000
Year 2025	567,000
Year 2026	567,000
Thereafter	1,252,000
Interest [Member]
Debt Instrument [Line Items]
Long-term Debt	32,710,000
3 Months 2022	2,678,000
Year 2023	8,723,000
Year 2024	5,376,000
Year 2025	2,241,000
Year 2026	2,126,000
Thereafter	$ 11,566,000

LIQUIDITY (Details Narrative)

LIQUIDITY (Details Narrative) - USD ($)

Nov. 19, 2021

Feb. 03, 2021

Apr. 27, 2020

Apr. 09, 2020

Jun. 30, 2020

Mar. 31, 2022

Mar. 31, 2021

Mar. 31, 2022

Mar. 31, 2021

Jun. 30, 2021

Dec. 31, 2021

Dec. 16, 2020

Jul. 31, 2018

Jan. 31, 2017

Line of Credit Facility [Line Items]

Net cash (used in) provided by operating activities

$ 8,871,000

$ 24,314,000

Cash equivalents and carrying value

$ 6,548,000

6,548,000

$ 6,808,000

Marketable securities

21,564,000

21,564,000

21,456,000

Notes payable

14,200,000

14,200,000

Proceeds from related party debt

7,550,000

Proceeds from loans

$ 1,144,000

$ 6,762,000

Proceeds from notes payable

16,099,000

Debt instrument interest rate, percentage

5.275%

Gain on debt extinguishment

$ 453,000

1,665,000

$ 453,000

Cibc Bank Usa [Member]

Line of Credit Facility [Line Items]

Line of credit facility maximum borrowing capacity

$ 5,000,000

Cibc Bank Usa [Member] | Uncollateralized [Member]

Line of Credit Facility [Line Items]

Line of credit, available to be drawn

5,000,000

5,000,000

Revolving Credit Facility [Member] | Cibc Bank Usa [Member] | Uncollateralized [Member]

Line of Credit Facility [Line Items]

Revolving line of credit amount

5,000,000

5,000,000

Maximum [Member]

Line of Credit Facility [Line Items]

Notes payable

$ 16,000,000

$ 16,000,000

Loan Modification Agreement [Member] | Maximum [Member]

Line of Credit Facility [Line Items]

Line of credit facility maximum borrowing capacity

$ 10,000,000

Notes payable

$ 11,350,000

SBALoan [Member] | Cibc Bank Usa [Member]

Line of Credit Facility [Line Items]

Proceeds from loans

$ 453,000

$ 4,719,000

Maturity date

Apr. 27, 2022

Apr. 9, 2022

Debt instrument interest rate, percentage

1.00%

1.00%

Payroll expenses

$ 453,000

Second SBALoan [Member] | Cibc Bank Usa [Member]

Line of Credit Facility [Line Items]

Proceeds from loans

$ 2,000,000

Maturity date

Feb. 3, 2026

Debt instrument interest rate, percentage

1.00%

Gain on debt extinguishment

$ 2,000,000

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total hotel revenue	$ 10,458,000	$ 6,367,000	$ 31,593,000	$ 19,939,000
Hotel rooms [Member]
Disaggregation of Revenue [Line Items]
Total hotel revenue	5,505,000	2,368,000	16,285,000	7,842,000
Food and Beverage [Member]
Disaggregation of Revenue [Line Items]
Total hotel revenue	372,000	17,000	934,000	130,000
Garage [Member]
Disaggregation of Revenue [Line Items]
Total hotel revenue	677,000	479,000	2,352,000	1,373,000
Other Operating Departments [Member]
Disaggregation of Revenue [Line Items]
Total hotel revenue	78,000	38,000	214,000	91,000
Hotel [Member]
Disaggregation of Revenue [Line Items]
Total hotel revenue	$ 6,632,000	$ 2,902,000	$ 19,785,000	$ 9,436,000

REVENUE (Details Narrative)

REVENUE (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Interest rate on receivables, description	the Hotel applies a 50% rate of default to receivables between 90 and 120 days and a 100% rate of default to receivables over 120 days. InterGroup applies a 50% rate of default to receivables from tenants that are over 30 days.
Contract with customer, liability	$ 467,000	$ 161,000
Advance deposit received for future reservations	$ 306,000

SCHEDULE OF INVESTMENT IN HOTEL

SCHEDULE OF INVESTMENT IN HOTEL, NET (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Cost	$ 101,836,000	$ 100,142,000
Accumulated depreciation	(64,159,000)	(62,491,000)
Net book value	37,677,000	37,651,000
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	2,738,000	2,738,000
Accumulated depreciation
Net book value	2,738,000	2,738,000
Finance Lease ROU Assets[Member]
Property, Plant and Equipment [Line Items]
Cost	1,805,000	1,805,000
Accumulated depreciation	(843,000)	(606,000)
Net book value	962,000	1,199,000
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Cost	32,630,000	31,014,000
Accumulated depreciation	(28,351,000)	(27,957,000)
Net book value	4,279,000	3,057,000
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	64,663,000	64,585,000
Accumulated depreciation	(34,965,000)	(33,928,000)
Net book value	$ 29,698,000	$ 30,657,000

INVESTMENT IN HOTEL, NET (Detai

INVESTMENT IN HOTEL, NET (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finance Lease ROU Assets[Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful lives	3 years
Finance Lease ROU Assets[Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful lives	7 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful lives	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful lives	7 years
Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful lives	15 years
Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful lives	39 years
Hotel [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 1,669,000	$ 1,690,000

SCHEDULE OF INVESTMENT IN REAL

SCHEDULE OF INVESTMENT IN REAL ESTATE (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Land	$ 22,998,000	$ 22,998,000
Buildings, improvements and equipment	69,888,000	68,173,000
Accumulated depreciation	(46,729,000)	(44,930,000)
Investment in real estate, gross	46,157,000	46,241,000
Land held for development	1,468,000	1,468,000
Investment in real estate, net	$ 47,625,000	$ 47,709,000

INVESTMENT IN REAL ESTATE, NE_2

INVESTMENT IN REAL ESTATE, NET (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Building, Improvements and Equipment [Member] | Minimum [Member]
Debt Securities, Available-for-Sale [Line Items]
Property, plant and equipment, useful lives	5 years
Building, Improvements and Equipment [Member] | Maximum [Member]
Debt Securities, Available-for-Sale [Line Items]
Property, plant and equipment, useful lives	40 years
Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Depreciation expense	$ 1,799,000	$ 1,809,000

SCHEDULE OF TRADING SECURITIES

SCHEDULE OF TRADING SECURITIES (Details) - Equity Securities [Member] - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Past Due [Line Items]
Cost	$ 22,825,000	$ 29,816,000
Gross unrealized gain	3,887,000	8,634,000
Gross unrealized loss	(1,171,000)	(2,658,000)
Net unrealized loss	2,716,000	5,976,000
Fair value	$ 25,541,000	$ 35,792,000

SCHEDULE OF NET LOSS ON MARKETA

SCHEDULE OF NET LOSS ON MARKETABLE SECURITIES COMPRISING OF REALIZED AND UNREALIZED GAINS (LOSSES) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Investment In Marketable Securities
Realized gain on marketable securities, net	$ 127,000	$ 1,845,000	$ 1,707,000	$ 911,000
Realized loss on marketable securities related to Comstock		(1,578,000)	(2,581,000)	(1,578,000)
Unrealized (loss) gain on marketable securities, net	779,000	501,000	(2,739,000)	4,683,000
Unrealized gain on marketable securities related to Comstock		4,870,000		4,921,000
Net (loss) gain on marketable securities	$ 906,000	$ 5,638,000	$ (3,613,000)	$ 8,937,000

INVESTMENT IN MARKETABLE SECU_3

INVESTMENT IN MARKETABLE SECURITIES (Details Narrative) - Comstock [Member] - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Investment marketable securities percentages.		4.00%
Unrealized losses related to securities	$ 148,000	$ 2,176,000
Unrealized losses related to investment	$ 0	$ 1,933,000

SCHEDULE OF FAIR VALUE MEASUREM

SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	$ 21,564,000	$ 21,456,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	25,541,000	35,792,000
Fair Value, Inputs, Level 1 [Member] | Financial Services [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	9,874,000	3,873,000
Fair Value, Inputs, Level 1 [Member] | Communication Services [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	5,166,000	4,872,000
Fair Value, Inputs, Level 1 [Member] | REITs and Real Estate Companies [Member].
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	4,510,000	11,624,000
Fair Value, Inputs, Level 1 [Member] | Energy [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	1,974,000	6,374,000
Fair Value, Inputs, Level 1 [Member] | Industrials [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	1,180,000	3,746,000
Fair Value, Inputs, Level 1 [Member] | Technology [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	1,155,000	442,000
Fair Value, Inputs, Level 1 [Member] | Basic Material [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	842,000	1,797,000
Fair Value, Inputs, Level 1 [Member] | Consumer Cyclical [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	438,000	1,702,000
Fair Value, Inputs, Level 1 [Member] | Health Care [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	202,000	981,000
Fair Value, Inputs, Level 1 [Member] | Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities:	$ 200,000	$ 381,000

SCHEDULE OF FAIR VALUE MEASUR_2

SCHEDULE OF FAIR VALUE MEASUREMENTS ON NON-RECURRING BASIS (Details) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other non-marketable investments			$ 41,000
Net loss	(41,000)	$ (119,000)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other non-marketable investments			$ 41,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Proceeds from other non-marketable investments		$ 118,000

SCHEDULE OF CASH, CASH EQUIVALE

SCHEDULE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 6,548,000	$ 6,808,000
Restricted cash	7,728,000	8,584,000
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 14,276,000	$ 15,392,000

SCHEDULE OF STOCK OPTION ACTIVI

SCHEDULE OF STOCK OPTION ACTIVITY (Details) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Share-Based Payment Arrangement [Abstract]
Number of shares, outstanding, beginning balance	341,195	341,195
Weighted average exercise price, outstanding, beginning balance	$ 16.95	$ 16.95
Weighted average remaining life, outstanding, beginning balance	2 years 9 months 29 days	3 years 9 months 29 days
Aggregate intrinsic value, outstanding, beginning balance	$ 8,890,000	$ 3,271,000
Number of shares, granted
Weighted average exercise price, granted
Number of shares, exercised	(90,000)
Weighted average exercise price, exercised	$ 19.77
Aggregate intrinsic value, exercised, ending balance	$ 2,784,000
Number of shares, forfeited
Weighted average exercise price, forfeited
Number of shares, exchanged
Weighted average exercise price, exchanged
Number of shares, outstanding, ending balance	251,195	341,195
Weighted average exercise price, outstanding, ending balance	$ 15.95	$ 16.95
Weighted average remaining life, outstanding, ending balance	2 years 10 months 6 days	2 years 9 months 29 days
Aggregate intrinsic value, outstanding, ending balance	$ 9,057,000	$ 8,890,000
Number of shares, exercisable, ending balance	251,195	337,595
Weighted average pxercise price, exercisable, ending balance	$ 15.95	$ 16.84
Weighted average remaining life, exercisable, ending balance	2 years 10 months 6 days	2 years 9 months 18 days
Aggregate intrinsic value, exercisable, ending balance	$ 9,057,000	$ 8,833,000
Number of shares, vested and expected to vest, ending balance	251,195	341,195
Weighted average exercise price, vested and expected to vest, ending balance	$ 15.95	$ 16.95
Weighted average remaining life, vested and expected to vest, ending balance	2 years 10 months 6 days	2 years 9 months 29 days
Aggregate intrinsic value, vested and expected to vest, ending balance	$ 9,057,000	$ 8,890,000

STOCK BASED COMPENSATION PLAN_2

STOCK BASED COMPENSATION PLANS (Details Narrative) - USD ($)	Jan. 21, 2022	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock based compensation		$ 4,000	$ 12,000
Stock option shares exercised		90,000
Winfield [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock option desceiption	Mr. Winfield exercised 90,000 of his vested stock options by surrendering 35,094 shares of the Company’s common stock at fair value as payment of the exercise price, resulting in a net issuance to him of 54,906 shares. No additional compensation expense was recorded related to the issuance.
Stock option shares exercised	90,000
Vested stock options	35,094
Number of shares of common stock	54,906

SCHEDULE OF SEGMENT REPORTING I

SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)	3 Months Ended						9 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 10,458,000			$ 6,367,000			$ 31,593,000	$ 19,939,000
Segment operating expenses	(10,579,000)			(7,765,000)			(31,410,000)	(26,217,000)
Segment income (loss)	(121,000)			(1,398,000)			183,000	(6,278,000)
Interest expense - mortgage	(2,188,000)			(2,180,000)			(6,712,000)	(6,736,000)
Depreciation and amortization expense	(1,185,000)			(1,127,000)			(3,468,000)	(3,499,000)
Gain from debt extinguishment				453,000			1,665,000	453,000
Income tax benefit (expense)	(711,000)			880,000			(2,742,000)	2,590,000
Net income (loss)	(873,000)	$ (2,243,000)	$ (2,906,000)	1,399,000	$ (1,063,000)	$ 4,819,000	(6,022,000)	5,155,000
Total assets	133,053,000						133,053,000		$ 140,346,000
Gain from sale of real estate								12,043,000
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	10,458,000			6,367,000			31,593,000	19,939,000
Segment operating expenses	(9,394,000)			(6,638,000)			(27,942,000)	(22,718,000)
Segment income (loss)	1,064,000			(271,000)			3,651,000	(2,779,000)
Interest expense - mortgage	(2,188,000)			(2,180,000)			(6,712,000)	(6,736,000)
Depreciation and amortization expense	(1,185,000)			(1,127,000)			(3,468,000)	(3,499,000)
Gain from debt extinguishment				453,000			1,665,000	453,000
Gain (loss) from investments	725,000			5,404,000			(3,900,000)	8,263,000
Income tax benefit (expense)	711,000			(880,000)			2,742,000	(2,590,000)
Net income (loss)	(873,000)			1,399,000			(6,022,000)	5,155,000
Total assets	133,053,000						133,053,000
Gain from sale of real estate								12,043,000
Hotel Operations [Member]
Segment Reporting Information [Line Items]
Revenues	6,632,000			2,902,000			19,785,000	9,436,000
Segment operating expenses	(6,544,000)			(3,990,000)			(19,356,000)	(14,156,000)
Segment income (loss)	88,000			(1,088,000)			429,000	(4,720,000)
Interest expense - mortgage	(1,624,000)			(1,642,000)			(4,939,000)	(5,010,000)
Depreciation and amortization expense	(576,000)			(529,000)			(1,669,000)	(1,690,000)
Gain from debt extinguishment							2,000,000
Gain (loss) from investments
Income tax benefit (expense)
Net income (loss)	(2,112,000)			(3,259,000)			(4,179,000)	(11,420,000)
Total assets	46,385,000						46,385,000
Gain from sale of real estate
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Revenues	3,826,000			3,465,000			11,808,000	10,503,000
Segment operating expenses	(2,270,000)			(1,944,000)			(6,620,000)	(5,932,000)
Segment income (loss)	1,556,000			1,521,000			5,188,000	4,571,000
Interest expense - mortgage	(564,000)			(538,000)			(1,773,000)	(1,726,000)
Depreciation and amortization expense	(609,000)			(598,000)			(1,799,000)	(1,809,000)
Gain from debt extinguishment							(335,000)
Gain (loss) from investments
Income tax benefit (expense)
Net income (loss)	383,000			385,000			1,281,000	13,079,000
Total assets	47,625,000						47,625,000
Gain from sale of real estate								12,043,000
Investment Transactions [Member]
Segment Reporting Information [Line Items]
Revenues
Segment operating expenses
Segment income (loss)
Interest expense - mortgage
Depreciation and amortization expense
Gain from debt extinguishment
Gain (loss) from investments	725,000			5,404,000			(3,900,000)	8,263,000
Income tax benefit (expense)
Net income (loss)	725,000			5,404,000			(3,900,000)	8,263,000
Total assets	25,541,000						25,541,000
Gain from sale of real estate
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Segment operating expenses	(580,000)			(704,000)			(1,966,000)	(2,630,000)
Segment income (loss)	(580,000)			(704,000)			(1,966,000)	(2,630,000)
Interest expense - mortgage
Depreciation and amortization expense
Gain from debt extinguishment				453,000				453,000
Gain (loss) from investments
Income tax benefit (expense)	711,000			(880,000)			2,742,000	(2,590,000)
Net income (loss)	131,000			$ (1,131,000)			776,000	(4,767,000)
Total assets	$ 13,502,000						$ 13,502,000
Gain from sale of real estate

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative)	9 Months Ended
	Mar. 31, 2022Segments
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

SCHEDULE OF RELATED PARTY AND O

SCHEDULE OF RELATED PARTY AND OTHER NOTES PAYABLE (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Total related party and other notes payable	$ 3,663,000	$ 6,088,000
Note payable - Hilton [Member]
Defined Benefit Plan Disclosure [Line Items]
Total related party and other notes payable	2,455,000	2,692,000
Note Payable - Aimbridge [Member]
Defined Benefit Plan Disclosure [Line Items]
Total related party and other notes payable	1,208,000	1,396,000
SBA Loan - Justice [Member]
Defined Benefit Plan Disclosure [Line Items]
Total related party and other notes payable		$ 2,000,000

SCHEDULE OF FUTURE MINIMUM PRIN

SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS (Details)	Mar. 31, 2022USD ($)
Debt Instrument [Line Items]
2022	$ 3,661,000
2023	22,250,000
2024	114,264,000
2025	6,674,000
2026	3,759,000
Thereafter	81,292,000
Long term debt	231,900,000
Related Party and Other Financing Notes Payable [Member]
Debt Instrument [Line Items]
2022	142,000
2023	567,000
2024	567,000
2025	567,000
2026	567,000
Thereafter	1,253,000
Long term debt	$ 3,663,000

RELATED PARTY AND OTHER FINAN_3

RELATED PARTY AND OTHER FINANCING TRANSACTIONS (Details Narrative) - USD ($)

Nov. 19, 2021

Feb. 03, 2021

Nov. 23, 2020

Aug. 28, 2020

Jul. 31, 2018

Feb. 03, 2017

Jul. 31, 2020

Jun. 30, 2020

Jul. 31, 2019

Jul. 02, 2014

Mar. 31, 2022

Mar. 31, 2021

Mar. 31, 2022

Mar. 31, 2021

Jun. 30, 2021

Dec. 31, 2021

Dec. 16, 2020

May 11, 2017

Jan. 31, 2017

Dec. 31, 2013

Line of Credit Facility [Line Items]

Debt instrument, payment terms

10 years

Key money incentive advance to related party

$ 2,000,000

Debt Instrument, Convertible, Remaining Discount Amortization Period

8 years

Proceeds from loan

$ 1,144,000

$ 6,762,000

Debt instrument, interest rate, stated percentage

5.275%

Gain on debt extinguishment

$ 453,000

$ 1,665,000

$ 453,000

Outstanding loan principal amount

89,818,000

$ 89,818,000

90,745,000

Debt instrument, maturity date, description

The mezzanine interest only loan had an interest rate of 9.75% per annum and a maturity date of January 1, 2024

Current loan balance

$ 14,200,000

$ 14,200,000

Cash received in liquidation

5,013,000

Parent Company [Member]

Line of Credit Facility [Line Items]

Variable interest rate LIBOR

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

Cibc Bank Usa [Member]

Line of Credit Facility [Line Items]

Revolving line of credit

$ 5,000,000

Drawn to pay off mortgage note payable

$ 2,969,000

Unsecured Debt [Member]

Line of Credit Facility [Line Items]

Debt instrument, payment terms

with a term of 2 years

Debt instrument, maturity date

Jul. 31, 2022

Debt instrument, interest rate, stated percentage

12.00%

Debt instrument, maturity date, description

The loan was extended to July 31, 2022

Debt instrument, face amount

$ 4,250,000

Percentage of loan fee received

3.00%

Justice Investors Limited Partnership Andinter Group [Member]

Line of Credit Facility [Line Items]

Equity investment interest

100.00%

100.00%

Santa Fe [Member]

Line of Credit Facility [Line Items]

Sale of asset, value

$ 1,530,000

Exchange value reduction

1,196,000

Acquired property, value

785,000

Outstanding mortgage notes payable

334,000

Property gain on sale of asset

$ 901,000

Cash received in liquidation

$ 221,000

Shares received in liquidation

18,641

Equity investment interest

83.70%

83.70%

Santa Fe [Member] | Management [Member]

Line of Credit Facility [Line Items]

Equity investment interest

3.70%

3.70%

Portsmouth [Member]

Line of Credit Facility [Line Items]

Cash received in liquidation

$ 5,013,000

Shares received in liquidation

422,998

CIBC Bank [Member] | Cred Reit Holdco LLC [Member]

Line of Credit Facility [Line Items]

Drawn to pay off mortgage note payable

$ 2,969,000

Second SBALoan [Member] | Cibc Bank Usa [Member]

Line of Credit Facility [Line Items]

Proceeds from loan

$ 2,000,000

Debt instrument, maturity date

Feb. 3, 2026

Debt instrument, interest rate, stated percentage

1.00%

Gain on debt extinguishment

$ 2,000,000

Loan Modification Agreement [Member] | Justice Investors Limited Partnership Andinter Group [Member]

Line of Credit Facility [Line Items]

Debt instrument, face amount

$ 16,000,000

$ 10,000,000

Current loan balance

$ 14,200,000

$ 14,200,000

$ 6,650,000

$ 11,350,000

Contribution Agreement [Member] | Santa Fe [Member]

Line of Credit Facility [Line Items]

Proceeds from loan

$ 12,163,000

Drawn to pay off mortgage note payable

15,650,000

Mortgage loan

$ 2,969,000

Repayment of line of credit

2,985,000

Proceeds from line of credit

$ 662,000

Interest Free Development Incentive Note [Member]

Line of Credit Facility [Line Items]

Notes reduction

$ 316,000

Debt instrument, payment terms

through 2030

Prior Mortgage [Member]

Line of Credit Facility [Line Items]

Accounts payable to related party

$ 42,940,000

Mortgage Loan [Member]

Line of Credit Facility [Line Items]

Accounts payable to related party

$ 97,000,000

97,000,000

Mezzanine Loan [Member]

Line of Credit Facility [Line Items]

Accounts payable to related party

$ 20,000,000

$ 20,000,000

New Mezzanine Loan [Member]

Line of Credit Facility [Line Items]

Debt instrument, interest rate, stated percentage

7.25%

New Mezzanine Loan [Member] | Cred Reit Holdco LLC [Member]

Line of Credit Facility [Line Items]

Debt instrument, interest rate, stated percentage

9.75%

Debt instrument, face amount

$ 20,000,000

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Finance leases	$ 298,000
Hotel [Member]
Payroll and related accruals	2,537,000	$ 2,345,000
Trade payable	1,650,000	2,113,000
Withholding and other taxes payable	647,000	885,000
Advance deposits	492,000	161,000
Mortgage interest payable	407,000	582,000
Finance leases	298,000	664,000
Security deposit	52,000	52,000
Other payables	1,280,000	606,000
Total accounts payable and other liabilities - Hotel	$ 7,363,000	$ 7,408,000

SCHEDULE OF MINIMUM FUTURE LEAS

SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS FOR ASSETS (Details)	Mar. 31, 2022USD ($)
Accounts Payable And Other Liabilities - Hotel
2022	$ 119,000
2023	188,000
Total minimum lease payments	307,000
Less interest on finance lease	(9,000)
Present value of future minimum lease payments	$ 298,000

ACCOUNTS PAYABLE AND OTHER LI_5

ACCOUNTS PAYABLE AND OTHER LIABILITIES - HOTEL (Details Narrative)	9 Months Ended
	Mar. 31, 2022USD ($)
Finance Lease, Liability	$ 298,000
Finance Lease term	through 2023
Minimum [Member]
Finance Lease term	4.62%
Maximum [Member]
Finance Lease term	6.25%

SCHEDULE OF ACCOUNTS PAYABLE _2

SCHEDULE OF ACCOUNTS PAYABLE AND OTHER LIABILITIES (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Total accounts payable and other liabilities	$ 3,040,000	$ 3,357,000
Accounts Payable and Other Liabilities [Member]
Trade payable	689,000	485,000
Advance deposits	281,000	282,000
Property tax payable	416,000	559,000
Payroll and related accruals	54,000	42,000
Interest payable	244,000	142,000
Withholding and other taxes payable	262,000	867,000
Tenant security deposit	835,000	789,000
Other payables	259,000	191,000
Total accounts payable and other liabilities	$ 3,040,000	$ 3,357,000

SCHEDULE OF COMPUTATION OF DILU

SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE OF COMMON STOCK (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share	251,195	333,995	251,195	333,995
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share	251,195	333,995	251,195	333,995