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Unaudited Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jul. 31, 2011
Jul. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net Loss $ (433,833) $ (967,485)
Provision for Uncollectible Receivables (25,222) 8,127
Stock-Based Compensation 25,920 24,300
Hotel Property Depreciation 886,550 935,238
Loss on Disposal of Hotel Properties   450
Amortization of Deferred Loan Fees 22,582 21,295
Accounts Receivable (72,513) 37,646
Prepaid Expenses and Other Assets 101,446 (28,203)
Accounts Payable and Accrued Expenses (168,747) (325,160)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 336,183 (293,792)
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in Restricted Cash 63,031 (1,115)
Improvements and Additions to Hotel Properties (481,955) (427,234)
NET CASH USED IN INVESTING ACTIVITIES (418,924) (428,349)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in Deferred Loan Fees   (28,948)
Principal Payments on Mortgage Notes Payable (381,591) (409,233)
Net Proceeds from Refinancings of Mortgage Notes Payable   1,000,000
Payments on Notes Payable to Banks   (483,930)
Borrowings on Notes Payable to Banks   373,793
Repurchase of Treasury Stock (56,702) (41,095)
Proceeds from Sale of Non-Controlling Ownership Interests in Subsidiaries 1,307,397 400,000
Distributions to Non-Controlling Interest (98,860)  
Payments on Other Notes Payable (88,255) (81,214)
NET CASH PROVIDED BY FINANCING ACTIVITIES 681,989 729,373
NET INCREASE IN CASH AND CASH EQUIVALENTS 599,248 7,232
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 494,844 406,385
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,094,092 $ 413,617