XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Oct. 31, 2011
Oct. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net Loss $ (1,110,585) $ (1,861,420)
Adjustments to Reconcile Consolidated Net Income to Net Cash Provided By (Used In) Operating Activities:    
Provision for Uncollectible Receivables (29,027) (12,361)
Stock-Based Compensation 38,880 36,450
Hotel Property Depreciation 1,308,764 1,400,263
Loss on Disposal of Hotel Properties   675
Amortization of Deferred Loan Fees 11,698 32,585
Accounts Receivable (10,173) 157,774
Prepaid Expenses and Other Assets 227,905 142,704
Accounts Payable and Accrued Expenses (539,001) (415,047)
NET CASH USED IN OPERATING ACTIVITIES (101,539) (518,377)
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in Restricted Cash 52,479 14,523
Improvements and Additions to Hotel Properties (620,205) (714,335)
NET CASH USED IN INVESTING ACTIVITIES (567,726) (699,812)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in Deferred Loan Fees   (28,948)
Principal Payments on Mortgage Notes Payable (640,954) (615,874)
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 8 373,793
Repurchase of Treasury Stock (115,181) (63,127)
Proceeds from Sale of Non-Controlling Ownership Interests in Subsidiaries 1,921,824 840,000
Distributions to Non-Controlling Interest (175,357)  
Payments on Other Notes Payable (141,443) (122,897)
NET CASH PROVIDED BY FINANCING ACTIVITIES 848,897 899,017
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 179,632 (319,172)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 494,844 406,385
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 674,476 $ 87,213