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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
REVENUE        
TOTAL REVENUE $ 1,721,128 $ 1,699,107 $ 3,927,084 $ 3,835,202
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 1,867,165 1,683,518 3,896,643 3,681,510
OPERATING (LOSS) INCOME (146,037) 15,589 30,441 153,692
Other Income 18,009 354 18,815 459
Interest Income 16,037 16,108 33,637 31,734
TOTAL OTHER INCOME 34,046 16,462 52,452 32,193
Interest on Mortgage Notes Payable 158,296 122,472 242,040 215,655
Interest on Notes Payable - Related Party
Interest on Other Notes Payable 4,322 175 10,610 42,467
TOTAL INTEREST EXPENSE 162,618 122,647 252,650 258,122
CONSOLIDATED NET LOSS BEFORE EMPLOYEE RETENTION CREDIT (274,609) (90,596) (169,757) (72,237)
Employee Retention Credit 350,791 350,791 701,582 701,582
CONSOLIDATED NET INCOME 76,182 260,195 531,825 629,345
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 57,327 157,668 286,164 345,740
NET INCOME ATTRIBUTABLE TO CONTROLLING INTERESTS $ 18,855 $ 102,527 $ 245,661 $ 283,605
NET INCOME PER SHARE - BASIC $ 0.00 $ 0.01 $ 0.03 $ 0.03
NET INCOME PER SHARE - DILUTED $ 0.00 $ 0.01 $ 0.03 $ 0.03
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC 9,109,276 9,109,276 9,039,730 9,113,216
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED 9,109,276 9,109,276 9,039,730 9,113,216
Room [Member]        
REVENUE        
TOTAL REVENUE $ 1,686,384 $ 1,663,329 $ 3,864,842 $ 3,750,499
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 630,700 545,345 1,260,636 1,112,132
Food and Beverage [Member]        
REVENUE        
TOTAL REVENUE 11,119 12,162 28,705 27,939
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 45,275 49,752 93,212 106,134
Other [Member]        
REVENUE        
TOTAL REVENUE 23,625 23,616 33,537 56,764
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 16,213 12,944
Telecommunications [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 537 537
General and Administrative [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 604,089 521,422 1,223,827 1,122,876
Sales and Marketing [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 100,595 96,921 198,070 247,105
Repairs and Maintenance [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 95,303 84,802 211,460 192,155
Hospitality [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 111,286 84,736 231,697 162,172
Utilities [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 111,239 111,930 210,529 221,851
Depreciation [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 166,608 172,745 334,786 344,436
Real Estate and Personal Property Taxes, Insurance and Ground Rent [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES $ 1,533 $ 15,865 $ 115,676 $ 159,705