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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Oct. 31, 2015
Jan. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 1,575,410 $ 147,684
Accounts Receivable, including $42,760 and $79,366 from related parties and net of Allowance for Doubtful Accounts of $509 and $1,417 as of October 31, 2015 and January 31, 2015, respectively $ 62,495 117,903
Advances to Affiliates - Related Party $ 1,236
Note Receivable - Related Party $ 24,651
Prepaid Expenses and Other Current Assets 18,503 $ 30,098
Current Assets of Discontinued Operations and Assets Held for Sale 1,687,900 836,350
Total Current Assets 3,368,959 1,133,271
Hotel Properties, net 4,924,403 5,101,715
Property, Plant and Equipment, net 132,397 76,092
Noncurrent assets of Discontinued Operations and Assets Held for Sale 13,815,269 20,716,731
TOTAL ASSETS 22,241,028 27,027,809
Current Liabilities:    
Accounts Payable and Accrued Expenses 742,629 690,352
Current Portion of Mortgage Notes Payable, net of Discount of $600 as of October 31, 2015 and January 31, 2015, respectively 128,361 122,605
Current Portion of Notes Payable to Banks, net of Discount of $0 and $14,700 as of October 31, 2015 and January 31, 2015, respectively $ 566,335 567,791
Line of Credit - Related Party 262,659
Current Portion of Other Notes Payable $ 55,746 469,842
Current Liabilities of Discontinued Operations and Assets Held for Sale 1,701,835 8,097,352
Total Current Liabilities 3,194,906 10,210,601
Mortgage Notes Payable, net of discount of $15,821 and $17,624 as of October 31, 2015 and January 31, 2015, respectively 4,995,027 5,094,597
Other Notes Payable 15,709 55,827
Noncurrent Liabilities of Discontinued Operations and Assets Held for Sale 8,461,521 8,701,557
TOTAL LIABILITIES 16,667,163 24,062,582
SHAREHOLDERS' EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 16,951,319 and 16,845,846 shares issued and 8,698,135 and 8,265,102 shares outstanding at October 31, 2015 and January 31, 2015, respectively 17,012,161 13,812,470
Treasury Stock, 8,608,711 and 8,580,744 shares held at cost at October 31, 2015 and January 31, 2015, respectively (12,269,589) (12,193,491)
TOTAL TRUST SHAREHOLDERS' EQUITY 4,742,572 1,618,979
NON-CONTROLLING INTEREST 831,293 1,346,248
TOTAL EQUITY 5,573,865 2,965,227
TOTAL LIABILITIES AND EQUITY $ 22,241,028 $ 27,027,809