Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 81

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 81
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 ended June
30, 2024 was primarily driven by an increase in advance deposits received from customers for services to be performed after June 30,
2024. Contract liabilities are generally recognized as revenue within twelve months. We do not disclose remaining performance obligations
because our customer contracts have an original expected duration of one year or less.

Contract
Costs

We
consider sales commissions earned to be incremental costs of obtaining a contract with our customers. We expense incremental costs of
obtaining a contract when the amortization period would be one year or less. Travel-agent and group booking commissions related to completed
stays are expensed as incurred.

NOTE
4 – INVESTMENT IN HOTEL, NET

Investment
in Hotel consisted of the following as of:

SCHEDULE OF INVESTMENT IN HOTEL 

    Accumulated  
    Net Book 
  
    June 30, 2025 
    Cost  
    Depreciation  
    Value 

    Land 
    $2,738,000  
    $-  
    $2,738,000 
  
    Finance lease ROU assets 
     1,805,000  
     (1,665,000) 
     140,000 
  
    Furniture and equipment 
     41,195,000  
     (33,248,000) 
     7,947,000 
  
    Building and improvements 
     68,527,000  
     (39,833,000) 
     28,694,000 
  
    Investment in Hotel, net 
    $114,265,000  
    $(74,746,000) 
    $39,519,000 

    Accumulated  
    Net Book 
  
    June 30, 2024 
    Cost  
    Depreciation  
    Value 

    Land 
    $2,738,000  
    $-  
    $2,738,000 
  
    Finance lease ROU assets 
     1,805,000  
     (1,521,000) 
     284,000 
  
    Furniture and equipment 
     40,310,000  
     (31,396,000) 
     8,914,000 
  
    Building and improvements 
     67,159,000  
     (38,194,000) 
     28,