XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jan. 31, 2017
Jan. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net (Loss) Income $ (2,626,754) $ 339,440
Adjustments to Reconcile Consolidated (Net Loss) Income to Net Cash Used In Operating Activities:    
Stock-Based Compensation 97,265 65,280
Provision For (Recovery of) Uncollectible Receivables 19,750 (5,075)
Depreciation 2,094,401 1,178,074
Amortization of Intangibles 67,000
Amortization of Debt Discounts and Deferred Financing Fees 29,892 71,486
Gain on Disposal of Assets (2,351,817)
Changes in Assets and Liabilities:    
Accounts Receivable (475,702) 214,460
Prepaid Expenses and Other Assets (50,329) 24,674
Accounts Payable and Accrued Expenses (26,489) (140,381)
NET CASH USED IN OPERATING ACTIVITIES (870,966) (603,859)
CASH FLOWS FROM INVESTING ACTIVITIES    
Improvements and Additions to Hotel Properties (2,254,499) (2,125,736)
Cash Received From Sale of Hotel Property 4,550,567
Purchase of IVH Assets (800,000)
Lendings on Advances to Affiliates - Related Party (879,650) (1,077,184)
Collections on Advances to Affiliates - Related Party 2,231,001 106,236
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (903,148) 653,883
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (491,806) (624,543)
Payments on Notes Payable to Banks, net of financing costs (1,470,570) (2,348,964)
Borrowings on Notes Payable to Banks, net of financing costs 2,494,051 1,991,153
Payments on Line of Credit - Related Party (61,356) (1,978,321)
Borrowings on Line of Credit - Related Party 230,000 1,730,270
Payments on Notes Payable - Related Party (701,113) (1,726,664)
Borrowings on Notes Payable - Related Party 683,230 1,427,244
Payments on Other Notes Payable (36,622) (470,980)
Borrowings on Other Notes Payable 555,000
Payment of Dividends (96,630) (88,177)
Proceeds from Sale of Non-Controlling Ownership Interest in Subsidiary 55,000 1,825,580
Sale of Stock 2,999,999
Distributions to Non-Controlling Interest Holders (697,324) (1,244,196)
Repurchase of Treasury Stock (77,037) (92,424)
NET CASH PROVIDED BY FINANCING ACTIVITIES 384,823 1,399,977
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,389,291) 1,450,001
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,957,687 [1] 507,686
CASH AND CASH EQUIVALENTS AT END OF YEAR [1] $ 568,396 $ 1,957,687
[1] Including $2,153 of cash included in Discontinued Operations as of January 31, 2016