Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 8

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---
000) 
     (181,000)
  
    Net
    cash provided by financing activities 
     4,628,000  
     2,953,000 

    Net
    increase (decrease) in cash, cash equivalents and restricted cash 
     5,692,000  
     (567,000)
  
    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 
    $14,386,000  
    $12,307,000 
  
    Supplemental
    information: 

    Interest
    paid 
    $3,883,000  
    $3,877,000 
  
    Taxes
    paid 
    $25,000  
    $30,000 

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

-7-

THE
INTERGROUP CORPORATION

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024

(UNAUDITED)

NOTE
1. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

The
condensed consolidated financial statements included herein have been prepared by The InterGroup Corporation (“InterGroup”
or the “Company”or “we” or “our”), according to the rules and regulations of the Securities and Exchange
Commission (“SEC”). Certain information and footnote disclosures normally included in the condensed consolidated financial
statements prepared in accordance with generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to
such rules and regulations, although the Company believes the disclosures that are made are adequate to make the information presented
not misleading. Further, the condensed consolidated financial statements reflect, in the opinion of management, all adjustments (which
included only normal recurring adjustments) necessary for a fair statement of the financial position, cash flows and results of operations
as of and for the periods indicated. It is suggested that these financial statements be read in conjunction with the audited financial
statements of InterGroup and the notes therein included in the Company’s Annual Report on Form 10-K for the year ended June 30,
2024. The June 30, 2024 Condensed Consolidated Balance Sheet was derived from the Consolidated Balance Sheet as included