XML 67 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net Loss $ (760,390) $ (946,704)
Adjustments to Reconcile Consolidated Net Income to Net Cash Provided By (Used In) Operating Activities:    
Stock-Based Compensation 16,200 16,200
Depreciation 494,679 738,286 [1]
Changes in Assets and Liabilities:    
Accounts Receivable (4,749) 140,703
Prepaid Expenses and Other Assets 20,707 (109,803)
Accrued Interest Income (56,000)
Accounts Payable and Accrued Expenses 644,356 (398,616)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 410,803 (615,934)
CASH FLOWS FROM INVESTING ACTIVITIES    
Improvements and Additions to Hotel Properties (190,530) (515,937)
Redemption (purchase) of Marketable Securities 410,247 (2,031,380)
Collections on Advances to Affiliates - Related Party 170,724
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 219,717 (2,376,593)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (57,795) (252,284)
Payments on Notes Payable to Banks, net of financing costs (156,000)
Borrowings on Notes Payable to Banks, net of financing costs 146,700
Lendings on Notes Receivable - Related Party (50,000)
Collections on Notes Receivable - Related Party 450,000
Payments on Notes Payable - Related Party (158,773) (153,279)
Payments on Other Notes Payable (543,948) (25,890)
Borrowings on Other Notes Payable 11,000
Proceeds from Sale of Non-Controlling Ownership Interest in Subsidiary, net 86,251
Payment of Dividends (95,909)
Distributions to Non-Controlling Interest Holders (200,233) (453,966)
Repurchase of Treasury Stock (109,481) (109,432)
NET CASH USED IN FINANCING ACTIVITIES (764,439) (908,600)
NET DECREASE IN CASH AND CASH EQUIVALENTS (133,919) (3,901,127)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 749,075 4,575,748
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 615,156 $ 674,621
[1] Depreciation includes depreciation expense in discontinued operations for the six months ended July 31, 2019