InterGroup Corp 2025年季度报告

FORM10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_________ Commission File Number1-10324 THE INTERGROUP CORPORATION (Exact name of registrant as specified in its charter) DELAWARE13-3293645(State or other jurisdiction of(I.R.S. EmployerIncorporation or organization)Identification No.) 1516 S. Bundy Dr.,Suite 200,Los Angeles,California90025(Address of principal executive offices) (Zip Code) (310)889-2500(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. ☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act): ☐Yes☒No Securities registered pursuant to section 12(b) of the Act: TABLE OF CONTENTS PagePART I – FINANCIAL INFORMATIONItem 1.Condensed Consolidated Financial Statements.Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and June 30, 20253Condensed Consolidated Statements of Operations for the Three Months Ended September 30, 2025 and 2024(Unaudited)4Condensed Consolidated Statements of Shareholders’ Deficit for the Three Months Ended September 30, 2025 and2024 (Unaudited)5Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2025 and 2024(Unaudited)6Notes to the Condensed Consolidated Financial Statements (Unaudited)7-20Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.21-27Item 3.Quantitative and Qualitative Disclosures About Market Risk.28Item 4.Controls and Procedures.28PART II – OTHER INFORMATIONItem 1.Legal Proceedings.29Item 1A.Risk Factors.29Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.29Item 3.Defaults Upon Senior Securities.29Item 4.Mine Safety Disclosures.29Item 5.Other Information.29Item 6.Exhibits.30Signatures31-2- PART IFINANCIAL INFORMATION THE INTERGROUP CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS THE INTERGROUP CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) THE INTERGROUP CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) Supplemental Disclosure – Reconciliation of Cash, Cash Equivalents, and Restricted Cash The Company had cash and cash equivalents of $5,054,000(including $11,000classified as held for sale) as of September 30, 2025.The Company had restricted cash of $8,337,000(including $36,000classified as held for sale) as of September 30, 2025. The Company had cash and cash equivalents of $5,092,000(including $8,000classified as held for sale) as of June 30, 2025. TheCompany had restricted cash of $10,103,000(including $45,000classified as held for sale) as of June 30, 2025. Cash flows associated with the Los Angeles property classified as held for sale are included within the respective operating, investing,and financing activities of continuing operations in the consolidated statements of cash flows. The accompanying notes are an integral part of these (unaudited) condensed consolidated financial statements. THE INTERGROUP CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSSEPTEMBER 30, 2025(UNAUDITED) NOTE 1.BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements of The InterGroup Corporation (“InterGroup” or the“Company”) have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”)applicable to interim financial reporting. As permitted under those rules and regulations, certain information and footnote disclosuresnormally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ofAmerica (“U.S. GAAP”) have been condensed or