INTERGROUP CORP
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
INTG$38.67-0.6%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and June 30, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of | March 31, 2024 | June 30, 2023 |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Investment in Hotel, net | $40,371,000 | $40,318,000 |
| Investment in real estate, net | 47,907,000 | 48,057,000 |
| Investment in marketable securities | 14,684,000 | 18,345,000 |
| Cash and cash equivalents | 7,763,000 | 5,960,000 |
| Restricted cash | 4,225,000 | 6,914,000 |
| Other assets, net | 4,005,000 | 2,764,000 |
| Total assets | $118,955,000 | $122,358,000 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Liabilities: | ||
| Accounts payable and other liabilities - Hotel | $13,152,000 | $11,616,000 |
| Accounts payable and other liabilities | 2,639,000 | 2,574,000 |
| Due to securities broker | 2,944,000 | 1,601,000 |
| Obligations for securities sold | 23,000 | 1,416,000 |
| Other notes payable | 2,529,000 | 2,954,000 |
| Deferred tax liability | 4,633,000 | 4,927,000 |
| Mortgage notes payable - Hotel, net | 106,045,000 | 107,117,000 |
| Mortgage notes payable - real estate, net | 88,416,000 | 84,757,000 |
| Total liabilities | 220,381,000 | 216,962,000 |
| Shareholders’ deficit: | ||
| Preferred stock, $.01 par value, 100,000 shares authorized; none issued | - | - |
| Common stock, $.01 par value, 4,000,000 shares authorized; 3,459,888 and 3,459,888 issued; 2,187,214 and 2,205,927 outstanding, respectively | 33,000 | 33,000 |
| Additional paid-in capital | 3,602,000 | 2,445,000 |
| Accumulated deficit | (58,772,000) | (52,835,000) |
| Treasury stock, at cost, 1,272,674 and 1,253,961 shares as of March 31, 2024 and June 30, 2023, respectively | (21,223,000) | (20,794,000) |
| Total InterGroup shareholders’ deficit | (76,360,000) | (71,151,000) |
| Noncontrolling interest | (25,066,000) | (23,453,000) |
| Total shareholders’ deficit | (101,426,000) | (94,604,000) |
| Total liabilities and shareholders’ deficit | $118,955,000 | $122,358,000 |
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