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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Oct. 31, 2018
Oct. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net Income $ 11,124,289 $ 8,730,354
Adjustments to Reconcile Consolidated Net Income to Net Cash Used In Operating Activities:    
Stock-Based Compensation 24,300 38,880
Recovery of Uncollectible Receivables (47,630)
Depreciation 1,017,252 1,131,177
Amortization of Intangibles 50,250
Amortization of Debt Discounts and Deferred Financing Fees 47,590
Gain on Disposal of Assets (13,323,418) (11,445,879)
Changes in Assets and Liabilities:    
Accounts Receivable 30,249 (717,451)
Prepaid Expenses and Other Assets 22,936 79,900
Accrued Interest Income (93,000)
Accounts Payable and Accrued Expenses (503,132) 745,569
NET CASH USED IN OPERATING ACTIVITIES (1,700,524) (1,387,240)
CASH FLOWS FROM INVESTING ACTIVITIES    
Improvements and Additions to Hotel Properties (778,525) (2,154,775)
Redemption of Marketable Securities 1,000,330
Cash Received From Sale of Hotel Property and IBC 10,184,766 9,603,610
Lendings on Advances to Affiliates - Related Party (704,253) (1,939,000)
Collections on Advances to Affiliates - Related Party 602,992 596,541
NET CASH PROVIDED BY INVESTING ACTIVITIES 10,305,310 6,106,376
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (296,486) (588,908)
Borrowings on Mortgage Notes Payable 5,000,000
Payments on Notes Payable to Banks, net of financing costs (2,330,565)
Borrowings on Notes Payable to Banks, net of financing costs 1,370,000
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 (229,126) (1,046,761)
Borrowings on Notes Payable - Related Party 696,384
Payments on Other Notes Payable (88,930) (112,599)
Borrowings on Other Notes Payable 1,551,465
Payment of Dividends (99,673) (98,879)
Proceeds from Sale of Non-Controlling Ownership Interest in Subsidiary, net 76,114 3,236,543
Sale of Shares of Beneficial Interest 400,000
Distributions to Non-Controlling Interest Holders (669,734) (5,512,333)
Repurchase of Treasury Stock (323,646) (82,280)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,631,481) 2,339,451
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 6,973,305 7,058,586
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD [1] 4,575,748 568,396
CASH AND CASH EQUIVALENTS AT END OF PERIOD [1] $ 1,764,008 $ 7,626,982
[1] Cash balances include cash held in discontinued operations for the nine months period ended October 31, 2018 and 2017.