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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
REVENUE        
TOTAL REVENUE $ 1,699,107 $ 1,670,063 $ 3,835,202 $ 3,069,189
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 1,683,518 1,707,632 3,681,510 3,313,337
OPERATING INCOME (LOSS) 15,589 (37,569) 153,692 (244,148)
Other Income (Expense) 354 (37,123) 459 51
Interest Income 16,108 183 31,734 271
PPP Loan Forgiveness 550,853 967,141
TOTAL OTHER INCOME 16,462 513,913 32,193 967,463
Interest on Mortgage Notes Payable 122,472 53,162 215,655 70,507
Interest on Notes Payable - Related Party 19,385 39,463
Interest on Other Notes Payable 175 2,233 42,467 54,620
TOTAL INTEREST EXPENSE 122,647 74,780 258,122 164,590
CONSOLIDATED NET INCOME BEFORE EMPLOYEE RETENTION CREDIT (90,596) 401,564 (72,237) 558,725
Employee Retention Credit 350,791 701,582
CONSOLIDATED NET INCOME 260,195 401,564 629,345 558,725
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 157,668 460,765 345,740 724,409
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS $ 102,527 $ (59,201) $ 283,605 $ (165,684)
NET INCOME (LOSS) PER SHARE – BASIC & DILUTED $ 0.01 $ (0.01) $ 0.03 $ (0.02)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC & DILUTED 9,109,276 9,120,730 9,113,216 9,120,382
Room [Member]        
REVENUE        
TOTAL REVENUE $ 1,663,329 $ 1,587,365 $ 3,750,499 $ 2,951,670
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 545,345 445,684 1,112,132 919,310
Food and Beverage [Member]        
REVENUE        
TOTAL REVENUE 12,162 13,357 27,939 28,831
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 49,752 54,508 106,134 94,665
Other [Member]        
REVENUE        
TOTAL REVENUE 23,616 69,341 56,764 88,688
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 5,003 12,944 24,072
Telecommunications [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 125 125
General and Administrative [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 521,422 497,723 1,122,876 954,100
Sales and Marketing [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 96,921 104,194 247,105 185,324
Repairs and Maintenance [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 84,802 103,185 192,155 193,965
Hospitality [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 84,736 52,226 162,172 104,623
Utilities [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 111,930 115,397 221,851 199,962
Depreciation [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 172,745 178,272 344,436 363,292
Real Estate and Personal Property Taxes Insurance and Ground Rent [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 15,865 129,081 159,705 251,665
Sales and Occupancy Tax [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES $ 22,234 $ 22,234