Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 82

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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ASH

The
following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance
sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows:

 SCHEDULE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH

    As of 
    September
    30, 2025  
    June 30, 2025 
  
    Cash and cash
    equivalents 
    $5,054,000  
    $5,092,000 
  
    Restricted
    cash 
     8,337,000  
     10,103,000 
  
    Total cash, cash equivalents,
    and restricted cash shown in the condensed consolidated statements of cash flows 
    $13,391,000  
    $15,195,000 

Cash
and cash equivalents include cash on hand and highly liquid investments with original maturities of three months or less at the date
of purchase. Amounts are recorded within “cash and cash equivalents” on the condensed consolidated balance sheets.

Restricted
cash consists primarily of funds held in lender-controlled accounts (lockbox/cash-management structure) related to the Hotel’s
mortgage and mezzanine financing, including escrows and reserves for real estate taxes and insurance, replacement/FF&E and capital
additions, and other amounts required by the loan agreements. Restricted cash is presented within current or noncurrent assets on the
condensed consolidated balance sheets based on the expected timing of use. See Note 12 – Mortgage Notes Payable and Mezzanine Financing
for additional information about the cash-management/lockbox provisions.

Cash,
cash equivalents and restricted cash as presented in the condensed consolidated statements of cash flows equal the sum of these line
items on the condensed consolidated balance sheets.

NOTE
9 – STOCK BASED COMPENSATION PLANS

The
Company follows Accounting Standard Codification (ASC) Topic 718 “Compensation – Stock Compensation”, which addresses
accounting for equity-based compensation arrangements, including employee stock options and restricted stock units.

Please
refer to Note 15 – Stock Based Compensation Plans in the Company’s Form 10-K for the year ended June 30, 2025 for more detailed
information on the Company’s stock-based compensation plans.

There
were no new stock option grants or modifications during the three months ended September 30, 2025. Activity during the prior fiscal year
included the grant