Property and Equipment

3 Months Ended

Apr. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

5. PROPERTY AND EQUIPMENT

As of April 30, 2021, and January 31, 2021, hotel properties consisted of the following:

HOTEL SEGMENT
	April 30, 2021			January 31, 2021
Land	$	2,500,000		$	2,500,000
Building and improvements		10,525,394			10,531,947
Furniture, fixtures and equipment		4,206,791			4,058,682
Total property and equipment		17,232,185			17,090,629
Less accumulated depreciation		(9,207,659	)		(8,961,498	)
Property and Equipment, net	$	8,024,526		$	8,129,131

As of April 30, 2021, and January 31, 2021, corporate property, plant, and equipment consisted of the following:

CORPORATE SEGMENT
	April 30, 2021			January 31, 2021
Land	$	7,005		$	7,005
Building and improvements		75,662			75,662
Furniture, fixtures and equipment		84,000			166,122
Total property and equipment		166,667			248,789
Less accumulated depreciation		(126,929	)		(188,070	)
Property and Equipment, net	$	39,738		$	60,719