10-Q Filing

INTERGROUP CORP CIK: 69422 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-057079`
Period End Date	20180930
Filing Date	20181102
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	intg-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 46 Cash Flow Statement 48

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in hotel, net	`RealEstateInvestmentPropertyNet`	$40.96M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in hotel, net	`RealEstateInvestmentPropertyNet`	$40.60M	USD	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$52.98M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$53.37M	USD	Point-in-time
Investment in marketable securities	`TradingSecurities`	$14.01M	USD	Point-in-time
Investment in marketable securities	`TradingSecurities`	$13.84M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other investments, net	`OtherInvestments`	$733.00K	USD	Point-in-time
Other investments, net	`OtherInvestments`	$813.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.33M	shares	Point-in-time
Restricted cash	`RestrickedCashMortgageImpounds`	$10.38M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.33M	shares	Point-in-time
Restricted cash	`RestrickedCashMortgageImpounds`	$9.46M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.07M	shares	Point-in-time
Other assets, net	`OtherAssets`	$5.18M	USD	Point-in-time
Other assets, net	`OtherAssets`	$4.74M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.06M	shares	Point-in-time
Total assets	`Assets`	$131.68M	USD	Point-in-time
Total assets	`Assets`	$133.44M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.69M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.30M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$9.95M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$9.40M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$1.89M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$2.93M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.94M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.66M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$5.74M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$5.64M	USD	Point-in-time
Capital leases	`CapitalLeaseObligations`	$1.30M	USD	Point-in-time
Capital leases	`CapitalLeaseObligations`	$1.35M	USD	Point-in-time
Line of credit payable	`LongTermLineOfCredit`	-	USD	Point-in-time
Line of credit payable	`LongTermLineOfCredit`	$2.97M	USD	Point-in-time
Line of credit payable	`LongTermLineOfCredit`	$2.98M	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$114.37M	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$114.20M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$59.67M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$62.87M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$245.00K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$955.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$201.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$202.44M	USD	Point-in-time
Preferred stock, $.01 par value, 100,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 100,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,395,616 and 3,395,616 issued; 2,328,547 and 2,334,197 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,395,616 and 3,395,616 issued; 2,328,547 and 2,334,197 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.59M	USD	Point-in-time
Treasury stock, at cost, 1,067,069 and 1,061,419 shares, respectively	`TreasuryStockValue`	$13.27M	USD	Point-in-time
Treasury stock, at cost, 1,067,069 and 1,061,419 shares, respectively	`TreasuryStockValue`	$13.47M	USD	Point-in-time
Total InterGroup shareholders' deficit	`StockholdersEquity`	$-43.47M	USD	Point-in-time
Total InterGroup shareholders' deficit	`StockholdersEquity`	$-43.93M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-25.54M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-26.04M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.97M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$133.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$131.68M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$18.11M	USD	1 Quarter
Total revenues	`Revenues`	$19.49M	USD	1 Quarter
Hotel operating expenses	`HotelOperatingExpenses`	$10.81M	USD	1 Quarter
Hotel operating expenses	`HotelOperatingExpenses`	$10.59M	USD	1 Quarter
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$1.90M	USD	1 Quarter
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$2.01M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.24M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.27M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$831.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$643.00K	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$14.59M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$14.71M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.52M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.78M	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.49M	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.56M	USD	1 Quarter
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-1.02M	USD	1 Quarter
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-171.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$83.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$97.00K	USD	1 Quarter
Trading and margin interest expense	`InterestExpenseOther`	$313.00K	USD	1 Quarter
Trading and margin interest expense	`InterestExpenseOther`	$304.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-3.75M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-2.94M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.84M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-220.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$710.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$75.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.13M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-295.00K	USD	1 Quarter
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$498.00K	USD	1 Quarter
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$117.00K	USD	1 Quarter
Net income (loss) attributable to InterGroup	`NetIncomeLoss`	$-412.00K	USD	1 Quarter
Net income (loss) attributable to InterGroup	`NetIncomeLoss`	$630.00K	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.48	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.12	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.12	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.43	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.33M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.65M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.13M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-295.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.23M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$710.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$74.00K	USD	1 Quarter
Net unrealized loss on marketable securities	`TradingSecuritiesUnrealizedHoldingLoss`	$722.00K	USD	1 Quarter
Net unrealized loss on marketable securities	`TradingSecuritiesUnrealizedHoldingLoss`	$163.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$30.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$62.00K	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$327.00K	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-1.96M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.13M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-445.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-152.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$402.00K	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$-1.39M	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$1.04M	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$271.00K	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$252.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.46M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.00M	USD	1 Quarter
Investment in hotel, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.00K	USD	1 Quarter
Investment in hotel, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$282.00K	USD	1 Quarter
Investment in real estate, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$272.00K	USD	1 Quarter
Investment in real estate, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$212.00K	USD	1 Quarter
Proceeds from other investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	-	USD	1 Quarter
Proceeds from other investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$80.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-316.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-414.00K	USD	1 Quarter
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-518.00K	USD	1 Quarter
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-752.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$198.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-752.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-716.00K	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.87M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$391.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.51M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.68M	USD	1 Quarter
Interest paid	`InterestPaid`	$2.63M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.