Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 64

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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000 
  
    Land held for development 
     1,930,000  
     1,930,000 
  
    Investment in real estate,
    net 
    $46,957,000  
    $47,542,000 

Building,
improvements, and equipment are stated at cost, depreciated on a straight-line basis over their useful lives ranging from 5 to 40 years.
During the six months ended December 31, 2024, the Company invested $899,000 in capitalized improvements. Depreciation expense related
to our investment in real estate for the six months ended December 31, 2024 and 2023 was $1,484,000 and $1,373,000, respectively.

NOTE
6 – INVESTMENT IN MARKETABLE SECURITIES

The
Company’s investment in marketable securities consists primarily of corporate equities. The Company has also periodically invested
in corporate bonds and income producing securities, which may include interests in real estate-based companies and REITs, where financial
benefit could transfer to its shareholders through income and/or capital gain.

    -13-

At
December 31, 2024 and June 30, 2024, all of the Company’s marketable securities are classified as trading securities. The change
in the unrealized gains and losses on these investments, along with the changes in amounts due to broker are included in earnings. Trading
securities are summarized as follows:

 SCHEDULE OF TRADING SECURITIES

    Investment 
    Cost  
    GrossUnrealized Gain  
    Gross
    Unrealized Loss  
    NetUnrealized Gain  
    NetValue 
  
    As of 

    December 31, 2024 

    Corporate 

    Equities 
    $4,683,000# 
    $1,476,000  
    $(502,000) 
    $974,000  
    $5,657,000 
  
    As of 

    June 30, 2024 

    Corporate 

    Equities 
    $6,262,000  
    $1,697,000  
    $(505,000) 
    $1,192,000  
    $7,454,000 

Net
gains (losses) on marketable securities on the condensed consolidated statements of operations is comprised of realized and unrealized
gains