XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jul. 31, 2018
Jul. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net (Loss) Income $ (946,704) $ 9,557,230
Adjustments to Reconcile Consolidated Net (Loss) Income to Net Cash Provided By Operating Activities:    
Stock-Based Compensation 16,200 25,920
Recovery of Uncollectible Receivables   (43,679)
Depreciation and disposals 738,286 782,504
Amortization of Intangibles
Amortization of Debt Discounts and Deferred Financing Fees 63,822
Gain on Disposal of Assets (11,445,879)
Changes in Assets and Liabilities:    
Cash in discontinued operations (14,740)  
Accounts Receivable 155,443 (432,607)
Prepaid Expenses and Other Assets (109,803) 20,670
Accrued interest income (56,000)  
Accounts Payable and Accrued Expenses (398,616) 558,256
NET CASH USED IN OPERATING ACTIVITIES (615,934) (880,264)
CASH FLOWS FROM INVESTING ACTIVITIES    
Improvements and Additions to Hotel Properties (515,937) (1,556,944)
Purchase of Marketable Securities (2,031,380)
Cash Received From Sale of Hotel Property 9,603,610
Lendings on Advances to Affiliates - Related Party (1,729,000)
Collections on Advances to Affiliates - Related Party 170,724 566,541
NET CASH USED IN INVESTING ACTIVITIES (2,376,593) 6,884,207
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (252,284) (566,337)
Borrowings on Mortgage Notes Payable 5,000,000
Payments on Notes Payable to Banks, net of financing costs (2,462,144)
Borrowings on Notes Payable to Banks, net of financing costs 1,670,000
Lendings on Advances to Affiliates - Related Party  
Collections on Advances to Affiliates - Related Party  
Payments on Line of Credit - Related Party (775,000)
Borrowings on Line of Credit - Related Party 632,384
Payments on Notes Receivable - Related Party
Borrowings on Notes Receivable - Related Party
Payments on Notes Payable - Related Party (153,279) (706,761)
Borrowings on Notes Payable - Related Party 62,384
Payments on Other Notes Payable (25,890) (25,553)
Borrowings on Other Notes Payable 1,483,800
Payment of Dividends (96,353)
Proceeds from Sale of Non-Controlling Ownership Interest in Subsidiary, net 86,251 2,316,768
Sale of Shares of Beneficial Interest 400,000
Distributions to Non-Controlling Interest Holders (453,966) (5,290,796)
Repurchase of Treasury Stock (109,432) (246,177)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (908,600) 1,396,215
NET INCREASE IN CASH AND CASH EQUIVALENTS (3,901,127) 7,400,157
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,575,748 568,396
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 674,621 $ 7,968,553