Note 15 - Federal Income Taxes (Tables)

12 Months Ended

Jan. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Total and net deferred income tax assets at January 31,	2014			2013
Net operating loss carryforwards	$	3,349,000		$	4,622,000
Bad debt allowance		(16,000	)		(17,000	)
Accrued expenses		1,537,000			1,496,000
Prepaid insurance		1,000			13,000
Alternative minimum tax credit		61,000			61,000
Total deferred income tax assets		4,932,000			6,175,000
Deferred income tax liability associated with book/tax differences in hotel properties		(2,195,000	)		(2,263,000	)
Net deferred income tax asset		2,737,000			3,912,000
Valuation allowance		(2,737,000	)		(3,912,000	)
Net deferred income tax asset	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Federal statutory rates	$	(295,000	)	(34	%)
State income taxes		(64,000	)	(7	%)
Sale of syndication units		345,000		40	%
True-ups to prior year return, net		51,000		40	%
Effective rate	$	37,000		6	%

Federal statutory rates	$	(406,000	)	(34	%)
State income taxes		(88,000	)	(7	%)
Change in valuation allowance		718,000		60	%
True-ups to prior year return		(237,000	)	(20	%)
Other		13,000		1	%
Effective rate	$	-		0	%