Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 17

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 10,521,000 
  
    Total 
    $241,487,000  
    $8,185,000  
    $13,396,000  
    $118,157,000  
    $4,735,000  
    $4,744,000  
    $92,270,000 

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 eliminates rental revenue from the accounting
standard.

The
following table present our Hotel revenue disaggregated by revenue streams:

SCHEDULE OF DISAGGREGATION OF REVENUE 

    For
    the three months ended March 31, 
    2025  
    2024 
  
    Hotel revenues: 

    Hotel rooms 
    $10,534,000  
    $9,018,000 
  
    Food and beverage 
     728,000  
     924,000 
  
    Garage 
     760,000  
     710,000 
  
    Other
    operating departments 
     188,000  
     106,000 
  
    Total Hotel revenue 
    $12,210,000  
    $10,758,000 

    For
    the nine months ended March 31, 
    2025  
    2024 
  
    Hotel revenues: 

    Hotel rooms 
    $29,045,000  
    $26,982,000 
  
    Food and beverage 
     2,115,000  
     2,523,000 
  
    Garage 
     2,415,000  
     2,243,000 
  
    Other
    operating departments 
     420,000  
     328,000 
  
    Total Hotel revenue 
    $33,995,000  
    $32,076,000 

    -11-

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 the good or service is transferred to the Hotel guest