Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 35

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 35
---
     563,000 
  
    Payroll and related accruals 
     3,269,000  
     3,183,000 
  
    Mortgage interest payable 
     2,406,000  
     3,930,000 
  
    Withholding and other taxes payable 
     1,355,000  
     1,382,000 
  
    Security deposit 
     1,011,000  
     952,000 
  
    Franchise fees 
     1,278,000  
     1,418,000 
  
    Management fees payable 
     423,000  
     2,688,000 
  
    Other 
     374,000  
     350,000 
  
    Total
    accounts payable and other liabilities 
    $13,065,000  
    $18,022,000 

NOTE
13 – SUBSEQUENT EVENTS

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.

-20-

Item
2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING
STATEMENTS AND PROJECTIONS

This
quarterly report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”).
Forward-looking statements include, but are not limited to, statements related to our expectations regarding the performance of our business,
our financial results, our liquidity and capital resources, including anticipated repayment of certain of the Company’s indebtedness,
the impact to our business and financial condition, the effects of competition and the effects of future legislation or regulations and
other non-historical statements, the impact from macroeconomic factors (including inflation, increases in interest rates, potential economic
slowdown or a recession and geopolitical conflicts). Forward-looking statements include all statements that are not historical facts,
and in some cases, can be identified by the use of forward-looking terminology such as the words “outlook,” “believes,”
“expects,” “potential,” “continues,” “may,” “will,” “should,”