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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jan. 31, 2016
Jan. 31, 2015
REVENUE    
Room $ 3,115,434 $ 2,427,814
Food and Beverage 29,491 38,795
Management and Trademark Fees 221,865 278,208
Other 256,850 100,305
TOTAL REVENUE 3,623,640 2,845,122
OPERATING EXPENSES    
Room 883,277 819,300
Food and Beverage 63,435 81,649
Telecommunications 19,731 20,508
General and Administrative 2,292,812 2,080,270
Sales and Marketing 481,578 525,364
Repairs and Maintenance 307,178 285,255
Hospitality 147,664 138,859
Utilities 191,318 185,060
Hotel Property Depreciation 504,629 497,278
Real Estate and Personal Property Taxes, Insurance and Ground Rent 109,907 112,860
Other 2,111 5,125
TOTAL OPERATING EXPENSES 5,003,640 4,751,528
OPERATING LOSS (1,380,000) (1,906,406)
Interest Income 1,201 197
Interest Income on Note Receivable - Related Party 13,215 6,459
TOTAL OTHER INCOME 14,416 6,656
Interest on Mortgage Notes Payable 261,867 293,679
Interest on Notes Payable to Banks 46,858 36,954
Interest on Other Notes Payable 12,529 $ 13,543
Interest on Line of Credit - Related Party 13,558
TOTAL INTEREST EXPENSE 334,812 $ 344,176
CONSOLIDATED NET LOSS BEFORE INCOME TAX PROVISION, DISCONTINUED OPERATIONS, ASSETS HELD FOR SALE AND GAIN ON DISPOSAL OF ASSETS (1,700,396) (2,243,926)
Income Tax Provision (96,963) (198,647)
CONSOLIDATED NET LOSS FROM CONTINUING OPERATIONS (1,797,359) (2,442,573)
Discontinued Operations and Assets Held for Sale, Net of Non-Controlling Interest (215,018) $ 201,649
Gain on Disposal of Discontinued Operations 2,351,817
CONSOLIDATED NET INCOME FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE 2,136,799 $ 201,649
CONSOLIDATED NET INCOME (LOSS) TOTAL 339,440 (2,240,924)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST (92,676) (137,287)
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS $ 432,116 $ (2,103,637)
NET LOSS PER SHARE FROM CONTINUING OPERATIONS - BASIC $ (0.22) $ (0.29)
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE - BASIC 0.26 0.02
NET INCOME (LOSS) PER SHARE PER SHARE TOTAL - BASIC 0.04 (0.27)
NET LOSS PER SHARE FROM CONTINUING OPERATIONS - DILUTED (0.15) (0.29)
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE - DILUTED 0.18 0.02
NET INCOME (LOSS) PER SHARE PER SHARE TOTAL - DILUTED $ 0.03 $ (0.27)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC 8,269,827 8,313,093
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED 11,953,896 8,313,093
CASH DIVIDENDS PER SHARE $ 0.01 $ 0.01