Company: INTG
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021858
Chunk: 39

Company: INTERGROUP CORP
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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,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  
    $121,217,000  
    $9,550,000  
    $4,742,000  
    $18,784,000  
    $73,463,000 

NOTE
3 – REVENUE

Our
revenue from real estate is primarily rental income from residential and commercial property leases which is recorded when due from residents
and is recognized monthly as earned. The revenue recognition rules under ASC 606 specifically eliminate rental revenue from the accounting
standard.

    -9-

The
following table presents our Hotel revenue disaggregated by revenue streams.

SCHEDULE
OF HOTEL REVENUE DISAGGREGATION OF REVENUE 

    For the three months
    ended September 30, 
    2025  
    2024 
  
    Hotel revenues: 

    Hotel rooms 
    $10,428,000  
    $10,110,000 
  
    Food and beverage 
     912,000  
     733,000 
  
    Garage 
     900,000  
     875,000 
  
    Other
    operating departments 
     178,000  
     102,000 
  
    Total Hotel revenue 
    $12,418,000  
    $11,820,000 

Performance
Obligations

We
identified the following performance obligations for which revenue is recognized as the respective performance obligations are satisfied,
which results in recognizing the amount we expect to be entitled to for providing the goods or services:

    ●
    Cancelable
    room reservations or ancillary services are typically satisfied as