10-Q Filing

INTERGROUP CORP CIK: 69422 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-015920`
Period End Date	20190930
Filing Date	20191025
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	intg-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 44 Cash Flow Statement 54 Stockholders Equity 15

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investment in Hotel, net	`InvestmentInPropertyNet`	$39.87M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in Hotel, net	`InvestmentInPropertyNet`	$39.84M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$51.42M	USD	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$51.77M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investment in marketable securities	`MarketableSecurities`	$8.54M	USD	Point-in-time
Investment in marketable securities	`MarketableSecurities`	$9.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Other investments, net	`OtherInvestments`	$564.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Other investments, net	`OtherInvestments`	$612.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.84M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$13.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$13.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.31M	shares	Point-in-time
Other assets, net	`OtherAssets`	$2.36M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.10M	shares	Point-in-time
Other assets, net	`OtherAssets`	$2.58M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.10M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.47M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.47M	USD	Point-in-time
Total assets	`Assets`	$129.86M	USD	Point-in-time
Total assets	`Assets`	$130.88M	USD	Point-in-time
Accounts payable and other liabilities - Justice	`AccountsPayableAndAccruedLiabilitiesJustice`	$11.30M	USD	Point-in-time
Accounts payable and other liabilities - Justice	`AccountsPayableAndAccruedLiabilitiesJustice`	$10.76M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.70M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.77M	USD	Point-in-time
Due to securities broker	`DueToRelatedPartiesCurrent`	$1.63M	USD	Point-in-time
Due to securities broker	`DueToRelatedPartiesCurrent`	$1.40M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.23M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.00M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$5.26M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$5.11M	USD	Point-in-time
Finance leases	`FinanceLeaseLiability`	$1.49M	USD	Point-in-time
Finance leases	`FinanceLeaseLiability`	$1.39M	USD	Point-in-time
Line of credit payable	`LongTermLineOfCredit`	$2.98M	USD	Point-in-time
Line of credit payable	`LongTermLineOfCredit`	$2.98M	USD	Point-in-time
Mortgage notes payable - Hotel, net	`MortgageNotesPayableHotel`	$113.09M	USD	Point-in-time
Mortgage notes payable - Hotel, net	`MortgageNotesPayableHotel`	$112.35M	USD	Point-in-time
Mortgage notes payable - real estate, net	`MortgageNotesPayableRealEstate`	$58.57M	USD	Point-in-time
Mortgage notes payable - real estate, net	`MortgageNotesPayableRealEstate`	$58.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$197.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$199.31M	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; 3,404,982 and 3,404,982 issued; 2,304,753 and 2,309,962 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,404,982 and 3,404,982 issued; 2,304,753 and 2,309,962 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.42M	USD	Point-in-time
Treasury stock, at cost, 1,100,229 and 1,095,020 shares, respectively	`TreasuryStockValue`	$14.50M	USD	Point-in-time
Treasury stock, at cost, 1,100,229 and 1,095,020 shares, respectively	`TreasuryStockValue`	$14.35M	USD	Point-in-time
Total InterGroup shareholders' deficit	`StockholdersEquity`	$-43.69M	USD	Point-in-time
Total InterGroup shareholders' deficit	`StockholdersEquity`	$-43.73M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-24.32M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-24.70M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.97M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.01M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.43M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$129.86M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$130.88M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.15M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.49M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.24M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.21M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$643.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$760.00K	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$-14.71M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$-15.27M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.88M	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.56M	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.40M	USD	1 Quarter
Net (loss) gain on marketable securities	`MarketableSecuritiesGainLoss`	$209.00K	USD	1 Quarter
Net (loss) gain on marketable securities	`MarketableSecuritiesGainLoss`	$-145.00K	USD	1 Quarter
Net loss on marketable securities - Comstock	`GainLossesOnMarketableSecuritiesComstock`	$-380.00K	USD	1 Quarter
Net loss on marketable securities - Comstock	`GainLossesOnMarketableSecuritiesComstock`	$-304.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$130.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$97.00K	USD	1 Quarter
Trading and margin interest expense	`InterestExpenseOther`	$293.00K	USD	1 Quarter
Trading and margin interest expense	`InterestExpenseOther`	$304.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-2.94M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-3.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$866.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$710.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$222.00K	USD	1 Quarter
Net income	`ProfitLoss`	$644.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.13M	USD	1 Quarter
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$308.00K	USD	1 Quarter
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$498.00K	USD	1 Quarter
Net income attributable to InterGroup Corporation	`NetIncomeLoss`	$630.00K	USD	1 Quarter
Net income attributable to InterGroup Corporation	`NetIncomeLoss`	$336.00K	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.28	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.48	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.24	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.43	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.33M	shares	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.31M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.64M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.65M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$644.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.22M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$710.00K	USD	1 Quarter
Net unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-375.00K	USD	1 Quarter
Net unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-163.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$30.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$8.00K	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$327.00K	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-784.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$219.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-445.00K	USD	1 Quarter
Accounts payable and other liabilities - Justice	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesJustice`	$-547.00K	USD	1 Quarter
Accounts payable and other liabilities - Justice	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesJustice`	$-540.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$395.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$929.00K	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToRelatedParties`	$1.04M	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToRelatedParties`	$-229.00K	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-271.00K	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-225.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.75M	USD	1 Quarter
Payments for hotel investments	`PaymentsToAcquirePropertyPlantAndEquipment`	$624.00K	USD	1 Quarter
Payments for hotel investments	`PaymentsToAcquirePropertyPlantAndEquipment`	$282.00K	USD	1 Quarter
Payments for real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$212.00K	USD	1 Quarter
Payments for real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$267.00K	USD	1 Quarter
Payments for investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	$73.00K	USD	1 Quarter
Payments for investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	-	USD	1 Quarter
Proceeds from other investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$80.00K	USD	1 Quarter
Proceeds from other investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$48.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-414.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-916.00K	USD	1 Quarter
Net payments of mortgage and other notes payable	`RepaymentsOfOtherDebt`	$1.39M	USD	1 Quarter
Net payments of mortgage and other notes payable	`RepaymentsOfOtherDebt`	$518.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$198.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$156.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.54M	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`	$292.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.51M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.44M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$2.63M	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	$129.00K	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.97M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.01M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.43M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.01M	USD	Point-in-time
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$30.00K	USD	1 Quarter
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$156.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$198.00K	USD	1 Quarter
Investment in Santa Fe	`InvestmentInSubsidiaries`	$-73.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$644.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$1.13M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.97M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.01M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.43M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.01M	USD	Point-in-time

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