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Note 15 - Federal Income Taxes (Detail) - Deferred Tax Assets (Liabilities) (USD $)
Jan. 31, 2013
Jan. 31, 2012
Net operating loss carryforwards $ 4,622,000 $ 4,844,000
Bad debt allowance (17,000) (11,000)
Accrued expenses 1,496,000 1,018,000
Prepaid insurance 13,000 13,000
Alternative minimum tax credit 61,000 61,000
Total deferred income tax assets 6,175,000 5,925,000
Deferred income tax liability associated with book/tax differences in hotel properties (2,263,000) (2,731,000)
Net deferred income tax asset 3,912,000 3,194,000
Valuation allowance $ (3,912,000) $ (3,194,000)