Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 7

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 market-specific
challenges in San Francisco’s hospitality sector.

Going
Concern — Portsmouth (Subsidiary Only)

InterGroup
has not experienced conditions or events that raise substantial doubt about its ability to continue as a going concern. As previously
disclosed, Portsmouth’s prior going-concern uncertainty was alleviated as of June 30, 2025 following its refinancing. Since then,
Portsmouth has remained current on required debt services and continued planned property improvements. Management’s current evaluation
concludes that no conditions or events exist that raise substantial doubt about Portsmouth’s ability to continue as a going concern
for at least twelve months. See Note 1 – Basis of Presentation (Going Concern).

OFF-BALANCE
SHEET ARRANGEMENTS

As
of September 30, 2025, the Company has no material off balance sheet arrangements.

-25-

MATERIAL
CONTRACTUAL OBLIGATIONS 

The
following table summarizes, as of September 30, 2025, our material contractual (including estimated interest) and other cash requirements.
A tabular presentation is provided for investor clarity; however, Item 303 no longer requires a contractual obligations table.

    9 Months  
    Year  
    Year  
    Year  
    Year  

    Total  
    2026  
    2027  
    2028  
    2029  
    2030  
    Thereafter 
  
    Mortgage and subordinated notes
    payable 
    $197,458,000  
    $930,000  
    $106,663,000  
    $6,588,000  
    $1,845,000  
    $16,032,000  
    $65,400,000 
  
    Other notes payable 
     1,838,000  
     425,000  
     463,000  
     317,000  
     317,000  
     316,000  
     - 
  
    Interest 
     38,526,000  
     8,711,000  
     14,091,000  
     2,645,000  
     2,580,000  
     2,436,000  
     8,063,000 
  
    Total 
    $237,822,000  
    $10,066,000