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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2016
Jul. 31, 2015
REVENUE        
Management and Trademark Fees $ 61,308 $ 42,151 $ 138,301 $ 128,142
Reservation and Convention 174,610 21,472 379,022 164,889
TOTAL REVENUE 235,918 63,623 517,323 293,031
OPERATING EXPENSES        
General and Administrative 708,328 519,713 1,443,598 1,031,644
Sales and Marketing 136,059 80,404 252,103 110,454
Depreciation 27,766 10,008 50,672 20,627
Intangible Amortization 16,750 33,500
TOTAL OPERATING EXPENSES 888,903 610,125 1,779,873 1,162,725
OPERATING LOSS (652,985) (546,502) (1,262,550) (869,694)
Interest Income 357 134 1,263 319
Interest Income on Advances to Affiliates - Related Party 14,365 35,197
TOTAL OTHER INCOME 14,722 134 36,460 319
Interest on Mortgage Notes Payable
Interest on Notes Payable to Banks 12,660 4,641 28,397 9,334
Interest on Other Notes Payable 2,949 1,764 3,811 6,411
Interest on Line of Credit - Related Party 6,597 8,090
TOTAL INTEREST EXPENSE 15,609 13,002 32,208 23,835
CONSOLIDATED NET LOSS BEFORE INCOME TAX PROVISION, DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (653,872) (559,370) (1,258,298) (893,210)
Income Tax Provision (30,000) (71,571)
CONSOLIDATED NET LOSS FROM CONTINUING OPERATIONS (653,872) (589,370) (1,258,298) (964,781)
Net Income (Loss) From Discontinued Operations and Assets Held for Sale, Net of Non-Controlling Interest 383,955 (388,692) 1,005,618 393,873
CONSOLIDATED NET LOSS TOTAL (269,917) (978,062) (252,680) (570,908)
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 92,782 (217,163) 311,673 (16,540)
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS $ (362,699) $ (760,899) $ (564,353) $ (554,368)
NET LOSS PER SHARE FROM CONTINUING OPERATIONS - BASIC $ (0.07) $ (0.07) $ (0.14) $ (0.12)
NET INCOME (LOSS) PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE – BASIC 0.04 (0.05) 0.11 0.05
NET LOSS PER SHARE PER SHARE TOTAL - BASIC (0.03) (0.12) (0.03) (0.07)
NET LOSS PER SHARE FROM CONTINUING OPERATIONS - DILUTED (0.05) (0.05) (0.10) (0.08)
NET INCOME (LOSS) PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE - DILUTED 0.03 (0.03) 0.08 0.03
NET LOSS PER SHARE PER SHARE TOTAL - DILUTED $ (0.02) $ (0.08) $ (0.02) $ (0.05)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC 8,809,485 8,265,225 8,812,748 8,274,317
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED 12,493,554 11,949,294 12,496,817 11,958,386