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Note 7 - Property, Plant, and Equipment, Hotel Properties | 12 Months Ended
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Jan. 31, 2015
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | 7. PROPERTY, PLANT, AND EQUIPMENT AND HOTEL PROPERTIES As of January 31, 2015 and 2014, hotel properties consisted of the following:
|  | 2015 |  |  | 2014 |
Land |  | $ | 5,534,150 |  |  | $ | 3,034,150 |
Building and improvements |  |  | 35,050,637 |  |  |  | 34,236,297 |
Furniture, fixtures and equipment |  |  | 5,695,356 |  |  |  | 5,167,117 |
Total hotel properties |  |  | 46,280,143 |  |  |  | 42,437,564 |
Less accumulated depreciation |  |  | (20,466,347 | ) |  |  | (18,767,369 | )
Hotel Properties in Service, net |  |  | 25,813,796 |  |  |  | 23,670,195 |
Construction in progress |  |  | 4,650 |  |  |  | 2,520 |
Hotel properties, net |  | $ | 25,818,446 |  |  | $ | 23,672,715 |
As of January 31, 2015 and 2014, property, plant and equipment consisted of the following:
|  | 2015 |  |  | 2014 |
Land |  | $ | 7,005 |  |  | $ | 7,005 |
Building and improvements |  |  | 75,662 |  |  |  | 75,662 |
Furniture, fixtures and equipment |  |  | 388,565 |  |  |  | 380,846 |
Total property, plant and equipment |  |  | 471,232 |  |  |  | 463,513 |
Less accumulated depreciation |  |  | (395,140 | ) |  |  | (374,165 | )
Property, Plant and Equipment, net |  | $ | 76,092 |  |  | $ | 89,348 |
During the twelve month period ending January 31, 2015, gross hotel properties increased by approximately $3,843,000, which included a $2,500,000 land purchase under our Tucson Oracle building, and additional building improvements and furniture, fixtures and equipment.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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