Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 0

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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THE
INTERGROUP CORPORATION

CONDENSED
CONSOLIDATED BALANCE SHEETS

    As of 
    March 31,
    2025  
    June 30, 2024 

    (unaudited)  

    ASSETS 

    Investment
    in Hotel, net 
    $39,082,000  
    $40,901,000 
  
    Investment in real estate,
    net 
     46,635,000  
     47,542,000 
  
    Investment in marketable
    securities 
     751,000  
     7,454,000 
  
    Cash and cash equivalents 
     4,017,000  
     4,333,000 
  
    Restricted cash 
     9,377,000  
     4,361,000 
  
    Other
    assets, net 
     3,379,000  
     3,220,000 
  
    Total
    assets 
    $103,241,000  
    $107,811,000 

    LIABILITIES AND SHAREHOLDERS’
    DEFICIT 

    Liabilities: 

    Accounts payable and other
    liabilities - Hotel 
    $10,169,000  
    $13,757,000 
  
    Accounts payable and other
    liabilities 
     2,896,000  
     4,265,000 
  
    Obligations for securities
    sold 
     -  
     188,000 
  
    Other notes payable 
     2,121,000  
     2,388,000 
  
    Deferred tax liability 
     4,724,000  
     4,724,000 
  
    Mortgage notes payable
    - Hotel, net 
     101,194,000  
     100,783,000 
  
    Mortgage
    notes payable - real estate, net 
     94,213,000  
     88,173,000 
  
    Total
    liabilities 
     215,317,000  
     214,278,000 

    Shareholders’ deficit: 

    Preferred stock, $.01 par
    value, 100,000 shares authorized; none issued 
     -  
     - 
  
    Common stock, $.01 par value, 4,