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Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Oct. 31, 2013
Jan. 31, 2013
Current Assets:    
Cash and Cash Equivalents $ 140,719 $ 493,953
Restricted Cash 37,371 13,783
Accounts Receivable, including $49,852 and $81,176 from related parties and net of Allowance for Doubtful Accounts of $15,453 and $34,415, as of October 31, 2013 and January 31, 2013, respectively 314,016 568,186
Prepaid Expenses and Other Current Assets 296,959 268,399
Total Current Assets 789,065 1,344,321
Hotel Properties, net 23,759,898 24,686,780
Property, Plant and Equipment, net 98,861 112,977
Deferred Finance Costs and Other Assets 105,602 137,884
TOTAL ASSETS 24,753,426 26,281,962
Current Liabilities:    
Accounts Payable and Accrued Expenses 2,477,837 2,298,497
Current Portion of Mortgage Notes Payable 1,245,234 1,208,365
Current Portion of Notes Payable to Banks 750,383 450,000
Current Portion of Other Notes Payable 106,251 189,799
Total Current Liabilities 4,579,705 4,146,661
Mortgage Notes Payable 17,805,992 18,746,559
Other Notes Payable 119,807 162,457
TOTAL LIABILITIES 22,505,504 23,055,677
Commitments and Contingencies (See Note 10)      
SHAREHOLDERS' EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 16,822,746 and 16,804,746 shares issued and 8,349,773 and 8,375,207 shares outstanding at October 31, 2013 and January 31, 2013, respectively 14,153,809 14,940,048
Treasury Stock, 8,472,973 and 8,429,539 shares held at October 31, 2013 and January 31, 2013, respectively (11,959,007) (11,877,886)
TOTAL TRUST SHAREHOLDERS' EQUITY 2,194,802 3,062,162
NON-CONTROLLING INTEREST 53,120 164,123
TOTAL EQUITY 2,247,922 3,226,285
TOTAL LIABILITIES AND EQUITY $ 24,753,426 $ 26,281,962