Note 6 - Property, Plant, and Equipment, Hotel Properties

12 Months Ended

Jan. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6.   PROPERTY, PLANT, AND EQUIPMENT AND HOTEL PROPERTIES

As of January 31 2014 and 2013, property, plant and equipment consisted of the following:

	2014			2013
Land	$	7,005		$	7,005
Building and improvements		75,662			75,662
Furniture, fixtures and equipment		380,846			370,408
Total property, plant and equipment		463,513			453,075
Less accumulated depreciation		(374,165	)		(340,098	)
Property, Plant and Equipment, net	$	89,348		$	112,977

As of January 31 2014 and 2013, hotel properties consisted of the following:

	2014			2013
Land	$	3,034,150		$	2,817,515
Building and improvements		34,236,297			34,016,176
Furniture, fixtures and equipment		5,167,117			4,990,808
Total hotel properties		42,437,564			41,824,499
Less accumulated depreciation		(18,767,369	)		(17,230,102	)
Hotel Properties in Service, net		23,670,195			24,594,397
Construction in progress		2,520			92,383
Hotel properties, net	$	23,672,715		$	24,686,780