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Discontinued Operations (Tables)
 6 Months Ended
Jul. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities of Discontinued Operations

The following unaudited financial information presents the aggregate carrying amounts of the classes of assets and liabilities of discontinued operations for the six months ended July 31, 2017 and the fiscal year ended January 31, 2017 as well as the statements of operations for the six months and three months ended July 31, 2017 and the six months and three months ended July 31, 2016.

 

    DISCONTINUED OPERATIONS  
    JULY 31, 2017     JANUARY 31, 2017  
    (UNAUDITED)        
ASSETS                
Current Assets:                
Cash and Cash Equivalents   $ 117,604     $ 89,561  
Accounts Receivable     10,246       92,743  
Prepaid Expenses and Other Current Assets     3,339       46,823  
Total Current Assets of Discontinued Operations     131,189       229,127  
Property, Plant and Equipment, net     -       6,080,597  
TOTAL ASSETS OF DISCONTINUED OPERATIONS   $ 131,189     $ 6,309,724  
                 
LIABILITIES                
                 
LIABILITIES                
Current Liabilities:                
Accounts Payable and Accrued Expenses   $ 20,111     $ 400,402  
Current Portion of Mortgage Notes Payable     -       185,207  
Total Current Liabilities of Discontinued Operations     20,111       585,609  
Mortgage Notes Payable     -       5,047,838  
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS   $ 20,111     $ 5,633,447  

 

    FOR THE SIX MONTHS ENDED  
    JULY 31,  
    2017     2016  
             
REVENUE                
Room   $ 1,397,324     $ 1,931,996  
Food and Beverage     64,976       88,467  
Other     8,443       17,417  
TOTAL REVENUE     1,470,743       2,037,880  
                 
OPERATING EXPENSES                
Room     939,663       599,147  
Food and Beverage     66,152       102,178  
Telecommunications     -       607  
General and Administrative     256,986       221,994  
Sales and Marketing     123,299       141,307  
Repairs and Maintenance     100,149       163,314  
Hospitality     122,465       118,222  
Utilities     74,640       122,303  
Depreciation     177,824       -  
Intangible Amortization     56,015       -  
Real Estate and Personal Property Taxes, Insurance and Ground Rent     -       70,693  
Other     3,568       (5,496 )
TOTAL OPERATING EXPENSES     1,920,761       1,534,269  
OPERATING INCOME (LOSS)     (450,018 )     503,611  
Interest Income     961       -  
TOTAL OTHER INCOME     961       -  
Interest on Mortgage Notes Payable     127,787       139,083  
Interest on Other Notes Payable     428       4,518  
TOTAL INTEREST EXPENSE     128,215       143,601  
CONSOLIDATED NET INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS, NET OF NON-CONTROLLING INTEREST   $ (577,272 )   $ 360,010  

 

    FOR THE THREE MONTHS ENDED  
    JULY 31,  
    2017     2016  
             
REVENUE                
Room   $ 353,233     $ 1,030,774  
Food and Beverage     16,159       34,614  
Management and Trademark Fees     -       -  
Reservation and Convention     -       -  
Other     3,093       11,114  
TOTAL REVENUE     372,485       1,076,502  
                 
OPERATING EXPENSES                
Room     645,177       331,231  
Food and Beverage     17,707       45,520  
Telecommunications     -       6  
General and Administrative     115,581       127,164  
Sales and Marketing     63,996       82,309  
Repairs and Maintenance     39,748       62,502  
Hospitality     72,663       58,395  
Utilities     20,772       61,580  
Depreciation     52,684       -  
Intangible Amortization     -       -  
Real Estate and Personal Property Taxes, Insurance and Ground Rent     26,310       39,101  
Other     3,485       -  
TOTAL OPERATING EXPENSES     1,058,123       807,808  
OPERATING INCOME (LOSS)     (685,638 )     268,695  
Interest Income     961       -  
Interest Income on Advances to Affiliates - Related Party     -       -  
TOTAL OTHER INCOME     961       -  
Interest on Mortgage Notes Payable     63,438       69,619  
Interest on Notes Payable to Banks     -       -  
Interest on Other Notes Payable     428       4,518  
Interest on Advances to Affiliates - Related Party     -       -  
TOTAL INTEREST EXPENSE     63,866       74,137  
CONSOLIDATED NET INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS, NET OF NON-CONTROLLING INTEREST   $ (748,543 )   $ 194,558