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Note 16 - Federal Income Taxes (Tables) | 12 Months Ended
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Jan. 31, 2015
Notes Tables |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
Total and net deferred income tax assets at January 31, |  | 2015 |  |  | 2014 |
Net operating loss carryforwards |  | $ | 2,166,000 |  |  | $ | 2,914,000 |
Bad debt allowance |  |  | (12,000 | ) |  |  | (16,000 | )
Accrued expenses |  |  | 81,000 |  |  |  | 61,000 |
Syndications |  |  | 4,370,000 |  |  |  | 2,770,000 |
Prepaid insurance |  |  | 8,000 |  |  |  | 1,000 |
Alternative minimum tax credit |  |  | 91,000 |  |  |  | 61,000 |
Total deferred income tax assets |  |  | 6,704,000 |  |  |  | 5,791,000 |
Deferred income tax liability associated with book/tax differences in hotel properties |  |  | (2,472,000 | ) |  |  | (2,195,000 | )
Net deferred income tax asset |  |  | 4,232,000 |  |  |  | 3,596,000 |
Valuation allowance |  |  | (4,232,000 | ) |  |  | (3,596,000 | )
Net deferred income tax asset |  | $ | - |  |  | $ | - |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
Federal statutory rates |  | $ | (694,000 | ) |  |  | (34 | %)
State income taxes |  |  | (141,000 | ) |  |  | (7 | %)
Change in valuation allowance |  |  | 636,000 |  |  |  | 67 | %
Effective rate |  | $ | (199,000 | ) |  |  | (10 | %)
Federal statutory rates |  | $ | (295,000 | ) |  |  | (37 | %)
State income taxes |  |  | (64,000 | ) |  |  | (8 | %)
Change in valuation allowance |  |  | 322,000 |  |  |  | 40 | %
Effective rate |  | $ | (37,000 | ) |  |  | (5 | %)

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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