Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 1

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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000,000 shares
    authorized; 3,459,888 and 3,459,888 issued; 2,154,405 and 2,178,955 outstanding, respectively 
     38,000  
     38,000 
  
    Additional paid-in capital 
     3,594,000  
     3,648,000 
  
    Accumulated deficit 
     (66,333,000) 
     (62,632,000)
  
    Treasury stock, at cost,
    1,305,483 and 1,280,933 shares, respectively 
     (21,787,000) 
     (21,393,000)
  
    Total InterGroup shareholders’
    deficit 
     (84,488,000) 
     (80,339,000)
  
    Noncontrolling
    interest 
     (27,588,000) 
     (26,128,000)
  
    Total
    shareholders’ deficit 
     (112,076,000) 
     (106,467,000)

    Total
    liabilities and shareholders’ deficit 
    $103,241,000  
    $107,811,000 

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

-3-

THE
INTERGROUP CORPORATION

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

    For the three months
    ended March 31, 
    2025  
    2024 
  
    Revenues: 

    Hotel 
    $12,210,000  
    $10,758,000 
  
    Real
    estate 
     4,614,000  
     4,125,000 
  
    Total revenues 
     16,824,000  
     14,883,000 

    Costs and operating expenses: 

    Hotel operating expenses 
     (9,685,000) 
     (9,239,000)
  
    Real estate operating expenses 
     (2,431,000) 
     (2,612,000)
  
    Depreciation and amortization
    expenses 
     (1,651,000) 
     (1,607,000)
  
    General
    and administrative expenses 
     (707,000)