Discontinued Operations (Tables)

9 Months Ended

Oct. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Future Receipts on Notes

FISCAL YEAR
2020	$	-
2021		91,667
2022		550,000
2023		550,000
2024		550,000
Thereafter		1,008,333
	$	2,750,000

Schedule of Discontinued Operations

	FOR THE NINE MONTHS ENDED
	OCTOBER 31,
	2019		2018
REVENUE
Room	$	-	$	3,225,783
Food and Beverage		-		27,569
Reservation and Convention		-		265,282
Other		-		41,057
TOTAL REVENUE		-		3,559,691
OPERATING EXPENSES
Room		-		1,282,853
Food and Beverage		-		34,136
Telecommunications		-		21,803
General and Administrative		-		1,371,098
Sales and Marketing		-		636,120
Reservation Acquisition Costs		-		142,842
Repairs and Maintenance		-		180,112
Hospitality		-		167,095
Utilities		-		149,635
Depreciation		-		393,581
Intangible Amortization		-		-
Real Estate and Personal Property Taxes, Insurance and Ground Rent		-		88,344
Other		-		5,483
TOTAL OPERATING EXPENSES		-		4,473,102
OPERATING LOSS		-		(913,411	)
Interest Income		-		-
TOTAL OTHER INCOME		-		-
Interest on Mortgage Notes Payable		-		214,458
Interest on Notes Payable to Banks		-		4,901
Interest on Other Notes Payable		-		37,819
TOTAL INTEREST EXPENSE		-		257,178
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS	$	-	$	(1,170,589	)

	FOR THE THREE MONTHS ENDED
	OCTOBER 31,
	2019		2018
REVENUE
Room	$	-		971,476
Food and Beverage		-		5,920
Reservation and Convention		-		(399	)
Other		-		5,996
TOTAL REVENUE		-		982,993
OPERATING EXPENSES
Room		-		732,368
Food and Beverage		-		5,035
Telecommunications		-		5,421
General and Administrative		-		524,737
Sales and Marketing		-		91,473
Reservation Acquisition Costs		-		-
Repairs and Maintenance		-		61,232
Hospitality		-		49,986
Utilities		-		51,958
Depreciation		-		114,314
Intangible Amortization		-		-
Real Estate and Personal Property Taxes, Insurance and Ground Rent		-		46,278
Other		-		-
TOTAL OPERATING EXPENSES		-		1,682,802
OPERATING LOSS		-		(699,809	)
Interest Income		-		-
TOTAL OTHER INCOME		-		-
Interest on Mortgage Notes Payable		-		72,420
Interest on Notes Payable to Banks		-		12,075
Interest on Other Notes Payable		-		-
TOTAL INTEREST EXPENSE		-		84,495
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS	$	-	$	(784,304	)