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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Oct. 31, 2017
Oct. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net Income (Loss) $ 8,730,354 $ (2,134,007)
Adjustments to Reconcile Consolidated Net Income (Loss) to Net Cash Used In Operating Activities:    
Stock-Based Compensation 38,880 84,306
Recovery of Uncollectible Receivables (47,630) 10,178
Depreciation 1,131,177 1,672,565
Amortization of Intangibles 50,250 50,250
Amortization of Debt Discounts and Deferred Financing Fees 47,590 14,453
Gain on Disposal of Assets (11,445,879)
Changes in Assets and Liabilities:    
Accounts Receivable (717,451) (208,106)
Prepaid Expenses and Other Assets 79,900 (22,742)
Accounts Payable and Accrued Expenses 745,569 (279,966)
NET CASH USED IN OPERATING ACTIVITIES (1,387,240) (813,069)
CASH FLOWS FROM INVESTING ACTIVITIES    
Improvements and Additions to Hotel Properties (2,154,775) (1,842,926)
Cash Received From Sale of Hotel Property 9,603,610
Lendings on Advances to Affiliates - Related Party (1,939,000) (283,333)
Collections on Advances to Affiliates - Related Party 596,541 1,140,000
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 6,106,376 (986,259)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (588,908) (359,798)
Borrowings on Mortgage Notes Payable 5,000,000
Payments on Notes Payable to Banks, net of financing costs (2,330,565) (634,568)
Borrowings on Notes Payable to Banks, net of financing costs 1,370,000 1,362,050
Payments on Line of Credit - Related Party (775,000) (314,172)
Borrowings on Line of Credit - Related Party 632,384 756,000
Payments on Notes Payable - Related Party (1,046,761) (693,113)
Borrowings on Notes Payable - Related Party 696,384 683,230
Payments on Other Notes Payable (112,599) (41,456)
Borrowings on Other Notes Payable 1,551,465 80,000
Payment of Dividends (98,879)
Proceeds from Sale of Non-Controlling Ownership Interest in Subsidiary, net 3,236,543 75,000
Sale of Shares of Beneficial Interest 400,000
Distributions to Non-Controlling Interest Holders (5,512,333) (533,110)
Repurchase of Treasury Stock (82,280) (42,385)
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,339,451 337,678
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,058,586 (1,461,650)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 568,396 1,957,687
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 7,626,982 [1] $ 496,037
[1] Includes $11,784 of cash held by Discontinued Operations.