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

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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    costs of refinancing mortgage and other notes payable 
     (2,106,000) 
     - 
  
    Purchase
    of treasury stock 
     (394,000) 
     (429,000)
  
    Net
    cash provided by financing activities 
     5,217,000  
     1,947,000 

    Net
    increase (decrease) in cash, cash equivalents and restricted cash 
     4,700,000  
     (886,000)
  
    Cash,
    cash equivalents and restricted cash at the beginning of the period 
     8,694,000  
     12,874,000 
  
    Cash,
    cash equivalents and restricted cash at the end of the period 
    $13,394,000  
    $11,988,000 
  
    Supplemental
    information: 

    Interest
    paid 
    $10,444,000  
    $4,750,000 
  
    Taxes
    paid 
    $25,000  
    $44,000 

The
accompanying notes are an integral part of these (unaudited) condensed consolidated financial statements.

-7-

THE
INTERGROUP CORPORATION

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

NOTE
1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

The
accompanying unaudited condensed consolidated financial statements of The InterGroup Corporation (“InterGroup” or the “Company”
or “we” or “our”), have been prepared in accordance with the rules and regulations of the Securities and Exchange
Commission (“SEC”) applicable to interim financial reporting. As permitted under those rules and regulations, certain information
and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted
in the United States of America (“U.S. GAAP”) have been condensed or omitted. In the opinion of management, all normal recurring
adjustments considered necessary for a fair presentation have been included. The results of operations for the interim periods presented
are not necessarily indicative of results expected for the full fiscal year. The unaudited condensed consolidated financial statements
include the accounts of our wholly owned and majority-owned subsidiaries. All material intercompany accounts and transactions have been
eliminated in consolidation.

These
unaudited condensed consolidated financial statements should be read in conjunction with the aud