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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jul. 31, 2017
Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net Income (Loss) $ 9,557,230 $ (252,680)
Adjustments to Reconcile Consolidated Net Income (Loss) to Net Cash Used In Operating Activities:    
Stock-Based Compensation 25,920 71,346
Recovery of Uncollectible Receivables (43,679) (10,297)
Depreciation 782,504 161,420
Amortization of Intangibles 33,500 33,500
Amortization of Debt Discounts and Deferred Financing Fees 63,822 5,164
Gain on Disposal of Assets (11,445,879)
Changes in Assets and Liabilities:    
Accounts Receivable (432,607) (665,435)
Prepaid Expenses and Other Assets 20,670 (51,099)
Accounts Payable and Accrued Expenses 558,256 (37,677)
NET CASH USED IN OPERATING ACTIVITIES (880,264) (745,758)
CASH FLOWS FROM INVESTING ACTIVITIES    
Improvements and Additions to Hotel Properties (1,556,944) (1,253,058)
Cash Received From Sale of Hotel Property 9,603,610
Lendings on Advances to Affiliates - Related Party (1,729,000) (211,150)
Collections on Advances to Affiliates - Related Party 566,541 745,000
NET CASH PROVIDED BY INVESTING ACTIVITIES 6,884,207 (719,208)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (566,337) (240,023)
Borrowings on Mortgage Notes Payable 5,000,000
Payments on Notes Payable to Banks, net of financing costs (2,462,144) (164,547)
Borrowings on Notes Payable to Banks, net of financing costs 1,670,000 358,050
Payments on Line of Credit - Related Party (775,000) (49,356)
Borrowings on Line of Credit - Related Party 632,384 65,000
Payments on Notes Payable - Related Party (706,761) (693,113)
Borrowings on Notes Payable - Related Party 62,384 683,230
Payments on Other Notes Payable (25,553) (33,240)
Borrowings on Other Notes Payable 1,483,800 55,000
Payment of Dividends (96,353)
Proceeds from Sale of Non-Controlling Ownership Interest in Subsidiary, net 2,316,768 75,000
Sale of Shares of Beneficial Interest 400,000
Distributions to Non-Controlling Interest Holders (5,290,796) (266,158)
Repurchase of Treasury Stock (246,177) (19,676)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 1,396,215 (229,833)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,400,157 (1,694,799)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 568,396 1,957,687
CASH AND CASH EQUIVALENTS AT END OF PERIOD (i) $ 7,968,553 [1] $ 262,888
[1] Including $117,603 and $237,766 of cash included in discontinued operations as of July 31, 2017 & July 31, 2016, respectively.