Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 16

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 16
---
: 

    Hotel rooms 
    $8,401,000  
    $8,403,000 
  
    Food and beverage 
     654,000  
     972,000 
  
    Garage 
     780,000  
     708,000 
  
    Other
    operating departments 
     130,000  
     142,000 
  
    Total Hotel revenue 
    $9,965,000  
    $10,225,000 

    For the six months ended
    December 31, 
    2024  
    2023 
  
    Hotel revenues: 

    Hotel rooms 
    $18,511,000  
    $17,964,000 
  
    Food and beverage 
     1,387,000  
     1,599,000 
  
    Garage 
     1,655,000  
     1,533,000 
  
    Other
    operating departments 
     232,000  
     222,000 
  
    Total Hotel revenue 
    $21,785,000  
    $21,318,000 

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 are typically satisfied as the good or service is transferred to the Hotel guest, which
    is generally when the room stay occurs.

    ●
    Non-cancelable
    room reservations and banquet or conference reservations represent a series of distinct goods or services provided over time
    and satisfied as each distinct good or service is provided, which is reflected by the duration of the room reservation.

    -11-

    ●
    Other
    ancillary goods and services are purchased independently of the room reservation at standalone selling prices and are considered
    separate performance obligations, which are satisfied when the related good or service is provided to the Hotel guest.

    ●
    Components
    of package reservations for which each component could be sold separately to other Hotel guests are considered separate performance
    obligations and are satisfied as set forth above.

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