Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 93

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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    Cash 
    $11,000  
    $8,000 
  
    Restricted Cash 
     36,000  
     45,000 
  
    Accounts receivable 
     5,000  
     4,000 
  
    Investment in real estate 
     963,000  
     963,000 
  
    Other assets 
     21,000  
     9,000 
  
    Total assets held for
    sale 
    $1,036,000  
    $1,029,000 

Management
will continue to evaluate facts and circumstances each reporting period and will recognize any loss if the carrying value exceeds
the difference of the fair value less cost to sell.

NOTE
15 – SUBSEQUENT EVENT

The
Company evaluated subsequent events through the date that the accompanying condensed consolidated financial statements were issued, and
determined that no events occurred during the subsequent event evaluation period that require recognition or additional disclosure in
the accompanying Condensed Consolidated Financial Statements. The evaluation period extends through the date of issuance, November 12,
2025.

-20-

Item
2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING
STATEMENTS AND PROJECTIONS

This
quarterly report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding our business strategy, operating performance,
financial condition and results, liquidity and capital resources(including anticipated refinancing or repayment of indebtedness), capital
expenditures, market conditions, and other plans and objectives. These statements are not historical facts and can be identified by words
such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,”
“projects,” “seeks,” “may,” “will,” “should,” “could,” and similar
expressions.

Forward-looking
statements are based on our current expectations and assumptions and involve risks and uncertainties that could cause actual results
to differ materially. Important factors include, among others: general economic conditions; interest-rate and inflation trends;
availability and terms of financing and refinancing; operating performance of the Hilton San Francisco Financial District and
conditions in the San Francisco hospitality market; competitive dynamics in our hotel and real estate markets; labor availability
and costs; regulatory and legal developments;