XML 51 R41.htm IDEA: XBRL DOCUMENT v3.3.1.900
Discontinued Operations and Assets Held for Sale - Schedule of Disposal Group Including Discontinued Operation Statements (Details) - USD ($)
 3 Months Ended 9 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2015
Oct. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]        
Room $ 2,171,208 $ 2,405,128 $ 8,123,053 $ 8,334,730
Food and Beverage $ 146,578 $ 174,530 $ 754,196 $ 728,139
Management and Trademark Fees
Other $ 15,946 $ 27,628 $ 69,625 $ 96,923
TOTAL REVENUE 2,333,732 2,607,286 8,946,874 9,159,792
Room 1,047,783 739,811 2,846,502 2,302,533
Food and Beverage 190,607 190,837 717,061 604,670
Telecommunications 314 1,988 5,955 6,788
General and Administrative 310,618 334,286 1,012,191 1,026,561
Sales and Marketing 175,875 176,061 593,836 568,201
Repairs and Maintenance 233,497 200,401 787,377 689,151
Hospitality 178,890 166,496 609,082 574,222
Utilities $ 319,664 301,353 873,705 867,695
Hotel Property Depreciation 317,604 659,266 956,619
Real Estate and Personal Property Taxes, Insurance and Ground Rent $ 234,536 246,618 558,153 645,476
Other 12,933 (1,058) 25,057 8,810
TOTAL OPERATING EXPENSES 2,704,717 2,674,397 8,688,185 8,250,726
OPERATING INCOME (LOSS) $ (370,985) $ (67,111) $ 258,689 909,066
Interest Income on Advances to Affiliates - Related Party 2,512
TOTAL OTHER INCOME 2,512
Interest on Mortgage Notes Payable $ 118,074 $ 16,748 $ 410,515 267,006
Interest on Notes Payable to Banks 18,948 61,179 78,636 28,402
TOTAL INTEREST EXPENSE 137,022 77,927 489,151 295,408
CONSOLIDATED NET (LOSS) INCOME BEFORE DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE, NET OF NON-CONTROLLING INTEREST $ (508,007) $ (145,038) $ (230,462) $ 616,170