Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 166

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 7A
Chunk 166
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 remaining performance obligations
because our customer contracts have an original expected duration of one year or less.

Contract
Costs

We
consider sales commissions earned to be incremental costs of obtaining a contract with our customers. We expense incremental costs of
obtaining a contract when the amortization period would be one year or less. Travel-agent and group booking commissions related to completed
stays are expensed as incurred.

NOTE
4 – INVESTMENT IN HOTEL, NET

Investment
in Hotel consisted of the following as of:

SCHEDULE OF INVESTMENT IN HOTEL 

    Accumulated  
    Net Book 
  
    June 30, 2025 
    Cost  
    Depreciation  
    Value 

    Land 
    $2,738,000  
    $-  
    $2,738,000 
  
    Finance lease ROU assets 
     1,805,000  
     (1,665,000) 
     140,000 
  
    Furniture and equipment 
     41,195,000  
     (33,248,000) 
     7,947,000 
  
    Building and improvements 
     68,527,000  
     (39,833,000) 
     28,694,000 
  
    Investment in Hotel, net 
    $114,265,000  
    $(74,746,000) 
    $39,519,000 

    Accumulated  
    Net Book 
  
    June 30, 2024 
    Cost  
    Depreciation  
    Value 

    Land 
    $2,738,000  
    $-  
    $2,738,000 
  
    Finance lease ROU assets 
     1,805,000  
     (1,521,000) 
     284,000 
  
    Furniture and equipment 
     40,310,000  
     (31,396,000) 
     8,914,000 
  
    Building and improvements 
     67,159,000  
     (38,194,000) 
     28,965,000 
  
    Investment in Hotel, net 
    $112,012,000  
    $(71,111,000) 
    $40,901,000 

Note:
Accumulated amounts include amortization