Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 15

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 increase
existing leverage levels and the availability of liquidity, while minimizing operational costs. However, there can be no guarantee that
management will be successful with its plan.

The
following table provides a summary as of December 31, 2024, the Company’s material financial obligations

which
also includes interest payments.

 SCHEDULE OF MATERIAL FINANCING OBLIGATION

    6 Months  
    Year  
    Year  
    Year  
    Year  

    Total  
    2025  
    2026  
    2027  
    2028  
    2029  
    Thereafter 
  
    Mortgage and subordinated notes
    payable 
    $195,689,000  
    $106,182,000  
    $1,162,000  
    $3,296,000  
    $1,770,000  
    $1,845,000  
    $81,434,000 
  
    Other notes payable 
     2,263,000  
     283,000  
     567,000  
     463,000  
     317,000  
     317,000  
     316,000 
  
    Interest 
     29,272,000  
     8,126,000  
     2,751,000  
     2,644,000  
     2,648,000  
     2,582,000  
     10,521,000 
  
    Total 
    $227,224,000  
    $114,591,000  
    $4,480,000  
    $6,403,000  
    $4,735,000  
    $4,744,000  
    $92,271,000 

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 revenue recognition rules under ASC 606 specifically eliminate rental revenue from the accounting
standard.

The
following table presents our Hotel revenue disaggregated by revenue streams:

 SCHEDULE OF DISAGGREGATION OF REVENUE

    For the three months ended
    December 31, 
    2024  
    2023 
  
    Hotel revenues