10-Q Filing

INTERGROUP CORP CIK: 69422 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-031560`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 48 Cash Flow Statement 58 Stockholders Equity 17

Balance Sheet 68 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`	$37.27M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in Hotel, net	`InvestmentInPropertyNet`	$38.25M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$48.02M	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`	$48.15M	USD	Point-in-time
Investment in marketable securities	`MarketableSecurities`	$10.69M	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`	$11.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.22M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$8.66M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$8.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.46M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.22M	shares	Point-in-time
Other assets, net	`OtherAssets`	$3.44M	USD	Point-in-time
Other assets, net	`OtherAssets`	$2.74M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.24M	shares	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$3.67M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$3.61M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.22M	shares	Point-in-time
Total assets	`Assets`	$125.07M	USD	Point-in-time
Total assets	`Assets`	$126.05M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndOtherLiabilitiesCurrentAndNoncurrent`	$9.29M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndOtherLiabilitiesCurrentAndNoncurrent`	$7.69M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.71M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.03M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$490.00K	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	-	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$449.00K	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	-	USD	Point-in-time
Related party notes payable	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$3.38M	USD	Point-in-time
Related party notes payable	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$3.52M	USD	Point-in-time
Mortgage notes payable - Hotel, net	`MortgageNotesPayableHotel`	$108.75M	USD	Point-in-time
Mortgage notes payable - Hotel, net	`MortgageNotesPayableHotel`	$108.25M	USD	Point-in-time
Mortgage notes payable - real estate, net	`MortgageNotesPayableRealEstate`	$85.20M	USD	Point-in-time
Mortgage notes payable - real estate, net	`MortgageNotesPayableRealEstate`	$85.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$209.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$209.05M	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; 3,459,888 and 3,459,888 issued; 2,218,541 and 2,236,180 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,459,888 and 3,459,888 issued; 2,218,541 and 2,236,180 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.12M	USD	Point-in-time
Treasury stock, at cost, 1,241,347 and 1,223,708 shares, respectively	`TreasuryStockValue`	$20.20M	USD	Point-in-time
Treasury stock, at cost, 1,241,347 and 1,223,708 shares, respectively	`TreasuryStockValue`	$19.32M	USD	Point-in-time
Total InterGroup shareholders deficit	`StockholdersEquity`	$-63.22M	USD	Point-in-time
Total InterGroup shareholders deficit	`StockholdersEquity`	$-62.13M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-20.86M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-20.87M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.08M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-74.57M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-71.24M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-83.00M	USD	Point-in-time
Total liabilities and shareholders deficit	`LiabilitiesAndStockholdersEquity`	$126.05M	USD	Point-in-time
Total liabilities and shareholders deficit	`LiabilitiesAndStockholdersEquity`	$125.07M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.39M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.92M	USD	1 Quarter
Hotel operating expenses	`HotelOperatingExpenses`	$9.31M	USD	1 Quarter
Hotel operating expenses	`HotelOperatingExpenses`	$6.33M	USD	1 Quarter
Real estate operating expenses	`RealEstateOperatingExpenses`	$2.07M	USD	1 Quarter
Real estate operating expenses	`RealEstateOperatingExpenses`	$2.19M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.33M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.15M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$810.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$699.00K	USD	1 Quarter
Total costs and operating expenses	`OperatingExpenses`	$10.37M	USD	1 Quarter
Total costs and operating expenses	`OperatingExpenses`	$13.53M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$556.00K	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.24M	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.22M	USD	1 Quarter
Net loss on marketable securities	`LossGainOnMarketableSecuritiesNet`	$-810.00K	USD	1 Quarter
Net loss on marketable securities	`LossGainOnMarketableSecuritiesNet`	$-1.82M	USD	1 Quarter
Net loss on marketable securities - Comstock	`MarketableSecuritiesGainLossOnComstock`	$-350.00K	USD	1 Quarter
Net loss on marketable securities - Comstock	`MarketableSecuritiesGainLossOnComstock`	-	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$175.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$187.00K	USD	1 Quarter
Trading and margin interest expense	`InterestExpenseOther`	$354.00K	USD	1 Quarter
Trading and margin interest expense	`InterestExpenseOther`	$265.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-3.12M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-4.58M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-259.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.02M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.11M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-58.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.91M	USD	1 Quarter
Net loss	`ProfitLoss`	$-201.00K	USD	1 Quarter
Less: Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-745.00K	USD	1 Quarter
Less: Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.00K	USD	1 Quarter
Net loss attributable to The InterGroup Corporation	`NetIncomeLoss`	$-199.00K	USD	1 Quarter
Net loss attributable to The InterGroup Corporation	`NetIncomeLoss`	$-2.16M	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.09	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.31	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.09	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.31	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.97	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.97	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.22M	shares	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.23M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.48M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.56M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.91M	USD	1 Quarter
Net loss	`ProfitLoss`	$-201.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.27M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.11M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-58.00K	USD	1 Quarter
Net unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-4.42M	USD	1 Quarter
Net unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-10.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-7.94M	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-352.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$695.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.51M	USD	1 Quarter
Accounts payable and other liabilities - Hotel	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$1.14M	USD	1 Quarter
Accounts payable and other liabilities - Hotel	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$1.65M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$318.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$511.00K	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToRelatedParties`	$-6.75M	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToRelatedParties`	$-490.00K	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-449.00K	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-349.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.72M	USD	1 Quarter
Payments for hotel investments	`PaymentsToAcquirePropertyPlantAndEquipment`	$240.00K	USD	1 Quarter
Payments for hotel investments	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	1 Quarter
Payments for real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$800.00K	USD	1 Quarter
Payments for real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$223.00K	USD	1 Quarter
Payments for investment in Portsmouth	`PaymentsToAcquireAdditionalInterestInSubsidiaries1`	$5.00K	USD	1 Quarter
Payments for investment in Portsmouth	`PaymentsToAcquireAdditionalInterestInSubsidiaries1`	$8.00K	USD	1 Quarter
Payments for investment in Justice	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$344.00K	USD	1 Quarter
Payments for investment in Justice	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.44M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-815.00K	USD	1 Quarter
Net payments of mortgage notes payable	`RepaymentsOfOtherDebt`	$823.00K	USD	1 Quarter
Net payments of mortgage notes payable	`RepaymentsOfOtherDebt`	$874.00K	USD	1 Quarter
Proceeds from refinance of mortgage notes payable	`ProceedsFromRefinanceOfMortgageNotesPayable`	-	USD	1 Quarter
Proceeds from refinance of mortgage notes payable	`ProceedsFromRefinanceOfMortgageNotesPayable`	$3.16M	USD	1 Quarter
Issuance costs of refinancing mortgage and other notes payable	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Issuance costs of refinancing mortgage and other notes payable	`PaymentsOfDebtIssuanceCosts`	$39.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$872.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$74.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.23M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.75M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.47M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.91M	USD	1 Quarter
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.35M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.09M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$1.80M	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	$73.00K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.08M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-74.57M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-71.24M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-83.00M	USD	Point-in-time
Net Loss	`ProfitLoss`	$-2.91M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-201.00K	USD	1 Quarter
Investment in Portsmouth	`InvestmentInSubsidiariesOne`	$-8.00K	USD	1 Quarter
Investment in Portsmouth	`InvestmentInSubsidiariesOne`	$-5.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$872.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$74.00K	USD	1 Quarter
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.00K	USD	1 Quarter
Purchase of remaining interest in Justice	`MinorityInterestDecreaseFromRedemptions`	-	USD	1 Quarter
Investment in Justice	`InvestmentInSubsidiariesTwo`	$-344.00K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.08M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-74.57M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-71.24M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-83.00M	USD	Point-in-time

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