Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 86

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 86
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 third-party pricing service. The Interest Rate Cap is associated with the Hotel senior mortgage and is held
at the Portsmouth subsidiary level.

The
following table summarizes the fair value of the derivative instrument as of June 30, 2025:

 SCHEDULE
OF DERIVATIVE INSTRUMENT

Derivative
instruments measured at fair value on a recurring basis

    Derivative Type 
    Notional Amount  
    Balance Sheet
                                                                                Classification 
    Fair Value  
    Fair Value
                                                                                Hierarchy

    Interest Rate 
    $67,000,000  
    Other Assets 
    $52,000(a) 
    Level 2

(a)Fair value was
not material as of June 30, 2025; the asset is included within Other Assets on the consolidated balance sheets. The Company had no derivative
liabilities outstanding as of June 30, 2025.

There
have been no material changes to the Company’s fair value measurement methodologies or classification of instruments during the
periods presented.

    50

NOTE
8 – OTHER ASSETS

Other
assets consist of the following as of June 30:

 SCHEDULE OF OTHER ASSETS, NET

    2025  
    2024 
  
    Accounts receivable, net 
    $525,000  
    $654,000 
  
    Prepaid expenses 
     874,000  
     751,000 
  
    Miscellaneous assets 
     741,000  
     1,103,000 
  
    Prepaid taxes 
     49,000  
     712,000 
  
    Total other assets 
    $2,189,000  
    $3,220,000 

There
have been no material changes in the nature or classification of other assets during the periods presented. Income tax balances are presented
gross by jurisdiction in accordance with ASC 740; amounts payable, if any, are classified within current liabilities.

NOTE
9 –OTHER FINANCING TRANSACTIONS

The
following summarizes the balances of other notes payable as of June 30, 2025 and 2024, respectively.

 SUMMARY OF OTHER NOTES PAYABLE

    As of June 30, 
    2025  
    2024 

    Note payable – Hilton 
    $1,583,000  
    $1,742,000 
  
    Note payable – Aimbridge 
     396,000