Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 2

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 
     (716,000)
  
    Total costs and operating
    expenses 
     (14,474,000) 
     (14,174,000)

    Income from operations 
     2,350,000  
     709,000 

    Other (expense) income: 

    Interest expense - mortgages 
     (3,152,000) 
     (3,234,000)
  
    Net unrealized loss on
    marketable securities 
     (1,023,000) 
     (820,000)
  
    Net realized (loss) gain
    on marketable securities 
     (74,000) 
     9,000 
  
    Gain (loss) on extinguishment
    of debt 
     1,416,000  
     (453,000)
  
    Dividend and interest income 
     35,000  
     63,000 
  
    Trading
    and margin interest expense 
     (317,000) 
     (430,000)
  
    Total other (expense)
    income, net 
     (3,115,000) 
     (4,865,000)

    Loss before income taxes 
     (765,000) 
     (4,156,000)
  
    Income tax benefit 
     15,000  
     295,000 
  
    Net loss 
     (750,000) 
     (3,861,000)
  
    Less: Net loss attributable
    to the noncontrolling interest 
     172,000  
     697,000 
  
    Net loss attributable
    to The InterGroup Corporation 
    $(578,000) 
    $(3,164,000)

    Net loss per share attributable to The InterGroup
    Corporation 

    Basic 
    $(0.27) 
    $(1.44)
  
    Diluted 
    $(0.27) 
    $(1.44)

    Weighted average number of basic common
    shares outstanding 
     2,154,597  
     2,192,862 
  
    Weighted average number of diluted common
    shares outstanding 
     2,154,597  
     2,192,862 

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