Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 250

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 8
Chunk 250
---
 REVENUE

Our
revenue from real estate is primarily rental income from residential and commercial property leases that is accounted for under ASC 842
(Leases). Lease income is recognized on a straight-line basis over the lease term (generally one year or less for residential units).
Variable consideration such as reimbursement and fee is recognized as earned. Lease income is outside the scope of ASC 606. Hotel-related
revenues (rooms, food and beverage, parking, and other ancillary services) are within the scope of ASC 606 and are recognized as described
below.

Hotel
revenue recognition. We recognize hotel revenues in accordance with ASC 606. Room revenue is recognized over the stay as the services
are provided; food and beverage, parking, and other ancillary revenues are recognized when the good or services are delivered. Package
arrangements are allocated to performance obligations based on relative standalone selling prices. Advance deposits are recorded as contract
liabilities and recognized as revenue when the related services are rendered or upon cancellation consistent with contract terms. We
assess taxes collected from customers on a net basis (excluded from revenues). We do not adjust the transaction price for a financing
component when the period between payment and performance is one year or less.

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

SCHEDULE
OF HOTEL REVENUE DISAGGREGATION OF REVENUE 

    For the year ended June 30, 
    2025  
    2024 
  
    Hotel revenues: 

    Hotel rooms 
    $39,648,000  
    $35,239,000 
  
    Food and beverage 
     2,862,000  
     3,213,000 
  
    Garage 
     3,214,000  
     2,988,000 
  
    Other operating departments 
     639,000  
     446,000 
  
    Total Hotel revenue 
    $46,363,000  
    $41,886,000 

    47

Real
estate revenue. Real estate revenue primarily consists of base rents from the Company’s multifamily portfolio and its commercial
property, plus other property income (e.g., parking, utilities reimbursements, month-to-month premiums, pet rent, laundry and other fees).
Lease income is accounted for under ASC 842 and recognized on a straight-line basis over the lease term (generally month-to-month or