10-Q Filing

INTERGROUP CORP CIK: 69422 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-041160`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 46 Cash Flow Statement 54 Stockholders Equity 14

Balance Sheet 70 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in Hotel, net	`InvestmentInPropertyNet`	$40.23M	USD	Point-in-time
Investment in Hotel, net	`InvestmentInPropertyNet`	$40.32M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$47.99M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$48.06M	USD	Point-in-time
Investment in marketable securities	`MarketableSecurities`	$13.59M	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`	$18.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.69M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.46M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$6.91M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.07M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.46M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.21M	shares	Point-in-time
Other assets, net	`OtherAssets`	$4.20M	USD	Point-in-time
Other assets, net	`OtherAssets`	$2.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.20M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	1.25M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	1.26M	shares	Point-in-time
Due from securities broker	`DueFromSecuritiesBroker`	$776.00K	USD	Point-in-time
Due from securities broker	`DueFromSecuritiesBroker`	-	USD	Point-in-time
Total assets	`Assets`	$119.54M	USD	Point-in-time
Total assets	`Assets`	$122.36M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$11.62M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$10.72M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndOtherLiabilitiesCurrentAndNoncurrent`	$2.57M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndOtherLiabilitiesCurrentAndNoncurrent`	$5.26M	USD	Point-in-time
Due to securities broker	`DueToSecurities`	-	USD	Point-in-time
Due to securities broker	`DueToSecurities`	$1.60M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.42M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$737.00K	USD	Point-in-time
Other notes payable	`OtherNotesPayable`	$2.81M	USD	Point-in-time
Other notes payable	`OtherNotesPayable`	$2.95M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.93M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.93M	USD	Point-in-time
Mortgage notes payable - Hotel, net	`MortgageNotesPayableHotel`	$107.12M	USD	Point-in-time
Mortgage notes payable - Hotel, net	`MortgageNotesPayableHotel`	$106.90M	USD	Point-in-time
Mortgage notes payable - real estate, net	`MortgageNotesPayableRealEstate`	$84.76M	USD	Point-in-time
Mortgage notes payable - real estate, net	`MortgageNotesPayableRealEstate`	$84.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$215.83M	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; 2,204,852 and 2,205,927 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; 2,204,852 and 2,205,927 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.84M	USD	Point-in-time
Treasury stock, at cost, 1,255,036 and 1,253,961 shares, respectively	`TreasuryStockCommonValue`	$20.79M	USD	Point-in-time
Treasury stock, at cost, 1,255,036 and 1,253,961 shares, respectively	`TreasuryStockCommonValue`	$20.83M	USD	Point-in-time
Total InterGroup shareholders deficit	`StockholdersEquity`	$-72.54M	USD	Point-in-time
Total InterGroup shareholders deficit	`StockholdersEquity`	$-71.15M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-23.75M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-23.45M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-83.00M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-96.29M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-94.60M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.08M	USD	Point-in-time
Total liabilities and shareholders deficit	`LiabilitiesAndStockholdersEquity`	$119.54M	USD	Point-in-time
Total liabilities and shareholders deficit	`LiabilitiesAndStockholdersEquity`	$122.36M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.39M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.51M	USD	1 Quarter
Hotel operating expenses	`HotelOperatingExpenses`	$9.31M	USD	1 Quarter
Hotel operating expenses	`HotelOperatingExpenses`	$9.28M	USD	1 Quarter
Real estate operating expenses	`RealEstateOperatingExpenses`	$2.19M	USD	1 Quarter
Real estate operating expenses	`RealEstateOperatingExpenses`	$2.36M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.33M	USD	1 Quarter
Depreciation and amortization expenses	`DepreciationAndAmortization`	$1.52M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$755.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$699.00K	USD	1 Quarter
Total costs and operating expenses	`OperatingExpenses`	$13.91M	USD	1 Quarter
Total costs and operating expenses	`OperatingExpenses`	$13.53M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.86M	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.22M	USD	1 Quarter
Interest expense - mortgages	`InterestExpenseDebt`	$2.25M	USD	1 Quarter
Net loss on marketable securities	`MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments`	$-810.00K	USD	1 Quarter
Net loss on marketable securities	`MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments`	$-785.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$175.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$126.00K	USD	1 Quarter
Trading and margin interest expense	`InterestExpenseOther`	$322.00K	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`	$-3.23M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-259.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.64M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-58.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-14.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.62M	USD	1 Quarter
Net loss	`ProfitLoss`	$-201.00K	USD	1 Quarter
Less: Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.00K	USD	1 Quarter
Less: Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-378.00K	USD	1 Quarter
Net loss attributable to The InterGroup Corporation	`NetIncomeLoss`	$-199.00K	USD	1 Quarter
Net loss attributable to The InterGroup Corporation	`NetIncomeLoss`	$-1.24M	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.09	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.74	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.09	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.74	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.56	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.56	USD	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.20M	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`	2.20M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.62M	USD	1 Quarter
Net loss	`ProfitLoss`	$-201.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.33M	USD	1 Quarter
Amortization of loan costs	`AmortizationOfFinancingCosts`	$88.00K	USD	1 Quarter
Amortization of loan costs	`AmortizationOfFinancingCosts`	$90.00K	USD	1 Quarter
Amortization of other notes payable	`AmortizationOfOtherNotesPayable`	$142.00K	USD	1 Quarter
Amortization of other notes payable	`AmortizationOfOtherNotesPayable`	$141.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-58.00K	USD	1 Quarter
Net unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-10.00K	USD	1 Quarter
Net unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-679.00K	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-4.08M	USD	1 Quarter
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-352.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.44M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$695.00K	USD	1 Quarter
Accounts payable and other liabilities - Hotel	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesHotel`	$-898.00K	USD	1 Quarter
Accounts payable and other liabilities - Hotel	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesHotel`	$1.65M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.69M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$318.00K	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToRelatedParties`	$-490.00K	USD	1 Quarter
Due to securities broker	`IncreaseDecreaseInDueToRelatedParties`	$-2.38M	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-449.00K	USD	1 Quarter
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-679.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.72M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.90M	USD	1 Quarter
Payments for hotel investments	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	1 Quarter
Payments for hotel investments	`PaymentsToAcquirePropertyPlantAndEquipment`	$754.00K	USD	1 Quarter
Payments for real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$608.00K	USD	1 Quarter
Payments for real estate investments	`PaymentsToAcquireRealEstateHeldForInvestment`	$800.00K	USD	1 Quarter
Payments for investment in Portsmouth	`PaymentsToAcquireAdditionalInterestInSubsidiaries1`	$22.00K	USD	1 Quarter
Payments for investment in Portsmouth	`PaymentsToAcquireAdditionalInterestInSubsidiaries1`	$5.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.44M	USD	1 Quarter
Net payments of mortgage notes payable	`RepaymentsOfOtherDebt`	$874.00K	USD	1 Quarter
Net payments of mortgage notes payable	`RepaymentsOfOtherDebt`	$593.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$39.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$872.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.75M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-632.00K	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-115.00K	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.47M	USD	1 Quarter
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 beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.76M	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`	$12.87M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.76M	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`	$12.87M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$1.94M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$1.80M	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	$23.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-83.00M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-96.29M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-94.60M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.08M	USD	Point-in-time
Net Loss	`ProfitLoss`	$-1.62M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-201.00K	USD	1 Quarter
Investment in Portsmouth	`InvestmentInSubsidiariesOne`	$-22.00K	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`	$39.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-83.00M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-96.29M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-94.60M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.08M	USD	Point-in-time

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