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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Apr. 30, 2017
Apr. 30, 2016
REVENUE    
Room $ 3,754,913 $ 3,275,278
Food and Beverage 59,785 61,482
Management and Trademark Fees 80,284 76,993
Reservation and Convention 229,247 202,781
Other 27,955 21,529
TOTAL REVENUE 4,152,184 3,638,063
OPERATING EXPENSES    
Room 973,718 896,108
Food and Beverage 66,660 93,179
Telecommunications 9,779 4,113
General and Administrative 1,101,775 1,115,820
Sales and Marketing 510,965 325,646
Repairs and Maintenance 194,323 272,372
Hospitality 210,546 207,668
Utilities 174,372 207,177
Depreciation 413,398 133,654
Intangible Amortization 16,750 16,750
Real Estate and Personal Property Taxes, Insurance and Ground Rent 156,765 180,620
TOTAL OPERATING EXPENSES 3,829,051 3,453,107
OPERATING INCOME 323,133 184,956
Interest Income 4 906
Interest Income on Advances to Affiliates - Related Party 20,832
TOTAL OTHER INCOME 4 21,738
Interest on Mortgage Notes Payable 156,289 164,449
Interest on Notes Payable to Banks 27,805 20,602
Interest on Other Notes Payable 17,909 861
Interest on Advances to Affiliates - Related Party 3,033
TOTAL INTEREST EXPENSE 205,036 185,912
CONSOLIDATED NET INCOME BEFORE INCOME TAX PROVISION 118,101 20,782
Income Tax Provision (60,000)
CONSOLIDATED NET INCOME 58,101 20,782
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 297,870 210,478
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS $ (239,769) $ (189,696)
NET LOSS PER SHARE - BASIC AND DILUTED $ (0.02) $ (0.02)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED 9,792,745 8,814,610