Company: INTG
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006758
Chunk: 77

Company: INTERGROUP CORP
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 of December 31, 2024 and June 30, 2024:

 SCHEDULE
OF ACCOUNTS PAYABLE AND OTHER LIABILITIES

    As
    of 
    December
    31, 2024  
    June
    30, 2024 

    Trade payable 
    $2,214,000  
    $2,999,000 
  
    Advance deposits 
     663,000  
     557,000 
  
    Property tax payable 
     998,000  
     563,000 
  
    Payroll and related accruals 
     3,370,000  
     3,183,000 
  
    Mortgage interest payable 
     6,863,000  
     3,930,000 
  
    Withholding and other taxes payable 
     1,263,000  
     1,382,000 
  
    Security deposit 
     982,000  
     952,000 
  
    Franchise fees 
     1,820,000  
     1,418,000 
  
    Management fees payable 
     963,000  
     2,688,000 
  
    Other 
     418,000  
     350,000 
  
    Total accounts
    payable and other liabilities 
    $19,554,000  
    $18,022,000 

NOTE
13 – SUBSEQUENT EVENT

The Company evaluated subsequent events through the
date that the accompanying condensed consolidated financial statements were issued, and has determined that no material subsequent events
exist through the date of this filing that require adjustment to or disclosure in the condensed consolidated financial statements, other
than as disclosed below.

On
January 3, 2025, Justice Operating Company, LLC, a subsidiary of Portsmouth received a Notice of Termination (the “Notice) from
the senior loan special servicer, LNR Partners and on January 14, 2025, Justice Mezzanine Company, LLC, a subsidiary of Portsmouth, received
a Notice of Default from the mezzanine lender, CRED Reit Holdco LLC. On January 10, 2025, the Companies filed the required Form 8-K with
the Securities and Exchange Commission. On January 21, 2025, the Company entered into a non-binding term-sheet with PRIME Finance and
with CRED Reit Holdco