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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2016
Jan. 31, 2016
Current Assets:    
Cash and Cash Equivalents $ 753,309 $ 1,795,666
Accounts Receivable, including $35,306 and $20,683 from related parties and net of Allowance for Doubtful Accounts of $707 and $1,987 as of April 30, 2016 and January 31, 2016, respectively 547,280 54,158
Advances to Affiliates - Related Party 903,134 972,184
Notes Receivable - Related Party 180,644 5,761
Prepaid Expenses and Other Current Assets 41,948 19,046
Current Assets of Discontinued Operations and Assets Held for Sale 372,909 479,107
Total Current Assets 2,799,224 3,325,922
Hotel Properties, net 4,952,024 5,029,248
Property, Plant and Equipment, net 309,243 202,734
Intangible Assets 483,250 500,000
Goodwill 500,000 500,000
Noncurrent assets of Discontinued Operations and Assets Held for Sale 14,814,873 14,382,785
TOTAL ASSETS 23,858,614 23,940,689
Current Liabilities:    
Accounts Payable and Accrued Expenses 196,184 895,162
Current Portion of Mortgage Notes Payable, net of Discount of $2,403 as of April 30, 2016 and January 31, 2016, respectively 132,417 130,042
Current Portion of Notes Payable to Banks, net of Discount of $1,738 and $0 as of April 30, 2016 and January 31, 2016, respectively 626,584 932,289
Current Portion of Other Notes Payable 26,867 40,801
Current Liabilities of Discontinued Operations and Assets Held for Sale 2,376,403 1,651,179
Total Current Liabilities 3,358,455 3,649,473
Mortgage Notes Payable, net of discount of $12,817 and $13,418 as of April 30, 2016 and January 31, 2016, respectively 4,927,638 $ 4,962,951
Notes Payable to Banks, net of Discount of $4,054 and $0 as of April 30, 2016 and January 31, 2016, respectively 253,680
Other Notes Payable 11,348 $ 13,889
Noncurrent Liabilities of Discontinued Operations and Assets Held for Sale 8,253,574 8,343,647
TOTAL LIABILITIES 16,804,695 16,969,960
SHAREHOLDERS' EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 17,970,846 and 17,406,846 shares issued and 9,353,388 and 8,791,500 shares outstanding at April 30, 2016 and January 31, 2016, respectively 18,603,297 18,769,849
Treasury Stock, 8,617,458 and 8,615,346 shares held at cost at April 30, 2016 and January 31, 2016, respectively (12,291,337) (12,285,915)
TOTAL TRUST SHAREHOLDERS' EQUITY 6,311,960 6,483,934
NON-CONTROLLING INTEREST 741,959 486,795
TOTAL EQUITY 7,053,919 6,970,729
TOTAL LIABILITIES AND EQUITY $ 23,858,614 $ 23,940,689