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Discontinued Operations (Tables) | 9 Months Ended
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Oct. 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 nine months ended October 1, 2017 and the fiscal year ended January 31, 2017 as well as the statements of operations for the nine months and three months ended October 31, 2017 and the nine months and three months ended October 31, 2016.
|  | DISCONTINUED OPERATIONS |
|  | OCTOBER 31, 2017 |  |  | JANUARY 31, 2017 |
|  | (UNAUDITED) |  |  |  |
ASSETS |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 11,785 |  |  | $ | 89,561 |
Accounts Receivable |  |  | - |  |  |  | 92,743 |
Prepaid Expenses and Other Current Assets |  |  | - |  |  |  | 46,823 |
Total Current Assets of Discontinued Operations |  |  | 11,785 |  |  |  | 229,127 |
Property, Plant and Equipment, net |  |  | - |  |  |  | 6,080,597 |
TOTAL ASSETS OF DISCONTINUED OPERATIONS |  | $ | 11,785 |  |  | $ | 6,309,724 |
LIABILITIES |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  | $ | 3,000 |  |  | $ | 400,402 |
Current Portion of Mortgage Notes Payable |  |  | - |  |  |  | 185,207 |
Total Current Liabilities of Discontinued Operations |  |  | 3,000 |  |  |  | 585,609 |
Mortgage Notes Payable |  |  | - |  |  |  | 5,047,838 |
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS |  | $ | 3,000 |  |  | $ | 5,633,447 |
|  | FOR THE NINE MONTHS ENDED |
|  | OCTOBER 31, |
|  | 2017 |  |  | 2016 (i) |
REVENUE |  |  |  |  |  |  |  |
Room |  | $ | 1,397,324 |  |  | $ | 2,927,489 |
Food and Beverage |  |  | 64,976 |  |  |  | 126,193 |
Other |  |  | 8,443 |  |  |  | 20,922 |
TOTAL REVENUE |  |  | 1,470,743 |  |  |  | 3,074,604 |
OPERATING EXPENSES |  |  |  |  |  |  |  |
Room |  |  | 939,897 |  |  |  | 941,512 |
Food and Beverage |  |  | 66,152 |  |  |  | 147,006 |
Telecommunications |  |  | - |  |  |  | 656 |
General and Administrative |  |  | 278,815 |  |  |  | 341,108 |
Sales and Marketing |  |  | 123,300 |  |  |  | 199,453 |
Repairs and Maintenance |  |  | 100,149 |  |  |  | 221,621 |
Hospitality |  |  | 122,227 |  |  |  | 167,889 |
Utilities |  |  | 74,640 |  |  |  | 193,695 |
Depreciation |  |  | 177,824 |  |  |  | 574,528 |
Intangible Amortization |  |  | - |  |  |  | - |
Real Estate and Personal Property Taxes, Insurance and Ground Rent |  |  | 56,015 |  |  |  | 99,599 |
Other |  |  | 3,569 |  |  |  | (974 | )
TOTAL OPERATING EXPENSES |  |  | 1,942,588 |  |  |  | 2,886,093 |
OPERATING (LOSS) INCOME |  |  | (471,845 | ) |  |  | 188,511 |
Interest Income |  |  | 961 |  |  |  | - |
TOTAL OTHER INCOME |  |  | 961 |  |  |  | - |
Interest on Mortgage Notes Payable |  |  | 127,787 |  |  |  | 208,765 |
Interest on Other Notes Payable |  |  | 428 |  |  |  | 4,518 |
TOTAL INTEREST EXPENSE |  |  | 128,215 |  |  |  | 213,283 |
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS |  | $ | (599,099 | ) |  | $ | (24,772 | )
(i) Discontinued Operations
|  | FOR THE THREE MONTHS ENDED |
|  | OCTOBER 31, |
|  | 2017 |  |  | 2016 |
REVENUE |  |  |  |  |  |  |  |
Room |  | $ | - |  |  | $ | 995,493 |
Food and Beverage |  |  | - |  |  |  | 37,726 |
Management and Trademark Fees |  |  | - |  |  |  | - |
Reservation and Convention |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | 3,630 |
TOTAL REVENUE |  |  | - |  |  |  | 1,036,849 |
OPERATING EXPENSES |  |  |  |  |  |  |  |
Room |  |  | - |  |  |  | 342,367 |
Food and Beverage |  |  | - |  |  |  | 44,828 |
Telecommunications |  |  | - |  |  |  | 49 |
General and Administrative |  |  | 21,951 |  |  |  | 113,618 |
Sales and Marketing |  |  | - |  |  |  | 58,146 |
Repairs and Maintenance |  |  | - |  |  |  | 58,308 |
Hospitality |  |  | - |  |  |  | 49,668 |
Utilities |  |  | - |  |  |  | 71,392 |
Depreciation |  |  | - |  |  |  | 574,528 |
Intangible Amortization |  |  | - |  |  |  | - |
Real Estate and Personal Property Taxes, Insurance and Ground Rent |  |  | - |  |  |  | 28,905 |
Other |  |  | - |  |  |  | 10,015 |
TOTAL OPERATING EXPENSES |  |  | 21,951 |  |  |  | 1,351,824 |
OPERATING LOSS |  |  | (21,951 | ) |  |  | (314,975 | )
Interest Income |  |  | - |  |  |  | - |
Interest Income on Advances to Affiliates - Related Party |  |  | - |  |  |  | - |
TOTAL OTHER INCOME |  |  | - |  |  |  | - |
Interest on Mortgage Notes Payable |  |  | - |  |  |  | 69,682 |
Interest on Notes Payable to Banks |  |  | - |  |  |  | - |
Interest on Other Notes Payable |  |  | - |  |  |  | - |
Interest on Advances to Affiliates - Related Party |  |  | - |  |  |  | - |
TOTAL INTEREST EXPENSE |  |  | - |  |  |  | 69,682 |
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS |  | $ | (21,951 | ) |  | $ | (384,657 | )

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