Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 92

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 92
---
 2025 
  
    Trade payable 
    $2,513,000  
    $2,742,000 
  
    Advance deposits 
     807,000  
     743,000 
  
    Property tax payable 
     1,553,000  
     563,000 
  
    Payroll and related accruals 
     3,463,000  
     3,038,000 
  
    Mortgage interest payable 
     4,275,000  
     3,568,000 
  
    Withholding and other taxes payable 
     1,097,000  
     1,597,000 
  
    Security deposit 
     1,081,000  
     1,024,000 
  
    Franchise fees 
     367,000  
     1,649,000 
  
    Management fees payable 
     166,000  
     604,000 
  
    Other 
     432,000  
     436,000 
  
    Total accounts payable
    and other liabilities 
    $15,754,000  
    $15,964,000 

NOTE
14 – ASSETS HELD FOR SALE

As
previously disclosed, on February 24, 2025, the Company executed a listing agreement to market for sale a 12-unit multifamily property
located in Los Angeles County, California. The property was classified as held for sale as of June 30, 2025, after management determined
that the criteria in ASC 360-10-45-9 had been met.

The
property remains classified as held for sale as of September 30, 2025. There have been no material changes to the status, carrying value,
or expected timing of the sale since June 30, 2025. The asset continues to be measured at its carrying amount, which does not exceed
the estimated difference of the fair value less costs to sell, and no impairment has been recognized to date.

The
related mortgage loan (outstanding balance of $1,849,000 at 3.59% fixed, maturing June 23, 2026) continues to be presented within mortgage
notes payable and will be settled at closing of the sale.

 SCHEDULE
OF ASSETS HELD FOR SALE

    As of 
    September 30, 2025  
    June 30, 2025