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Discontinued Operations and Assets Held for Sale (Tables)
 6 Months Ended
Jul. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities of Discontinued Operations

The following tables lists the assets of discontinued operations and held for sale and liabilities of discontinued operations and held for sale as of the July 31, 2018 and January 31, 2018 and the discontinued operations for IBC for the three and six months period ended July 31, 2018 and IBC and Ontario for the and three and six months period July 31, 2017

 

DISCONTINUED OPERATIONS & HELD FOR SALE
                   
    JULY 31, 2018  
    Total     Yuma     IBC  
ASSETS                        
Current Assets:                        
Cash and Cash Equivalents   $ 215,445       218,643       (3,198 )
Accounts Receivable     136,363       44,893       91,470  
Prepaid Expenses and Other Current Assets     74,449       13,680       60,769  
Total Current Assets of Discontinued Operations     426,257       277,216       149,041  
Property, Plant and Equipment, net     5,144,983       4,665,764       479,219  
TOTAL ASSETS OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ 5,571,240       4,942,980       628,260  
                         
LIABILITIES                        
                         
LIABILITIES                        
Current Liabilities:                        
Accounts Payable and Accrued Expenses   $ 402,869       201,990       200,879  
Current Portion of Mortgage Notes Payable     168,875       168,875          
Total Current Liabilities of Discontinued Operations     571,744       370,865       200,879  
Mortgage Notes Payable     5,413,382       5,413,382          
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ 5,985,126       5,784,247       200,879  

 

DISCONTINUED OPERATIONS & HELD FOR SALE
 
    JANUARY 31, 2018  
    Total     Yuma     IBC     Ontario  
ASSETS                        
Current Assets:                                
Cash and Cash Equivalents   $ 200,705       178,317       22,388          
Accounts Receivable     265,377       70,139       195,238          
Prepaid Expenses and Other Current Assets     25,447       10,803       14,644          
Total Current Assets of Discontinued Operations     491,529       259,259       232,270       -  
Property, Plant and Equipment, net     5,240,535       4,815,664       424,871          
TOTAL ASSETS OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ 5,732,064       5,074,923       657,141       -  
                                 
LIABILITIES                                
                                 
LIABILITIES                                
Current Liabilities:                                
Accounts Payable and Accrued Expenses   $ 607,941       269,242       251,723       86,976  
Current Portion of Mortgage Notes Payable     289,098       165,239       123,859          
Total Current Liabilities of Discontinued Operations     897,039       434,481       375,582       86,976  
Mortgage Notes Payable     5,490,374       5,490,374                  
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ 6,387,413       5,924,855       375,582       86,976  

 

    FOR THE SIX MONTHS ENDED        
    JULY 31,        
    2018     2017     2017  
                Ontario     IBC  
REVENUE                                
Reservation and Convention   $ 265,679     $ 1,992,267     $ 1,470,743     $ 521,524  
TOTAL REVENUE     265,679       1,992,267       1,470,743       521,524  
                                 
OPERATING EXPENSES                                
Room             936,647       939,663       (3,016 )
Food and Beverage             66,152       66,152       -  
General and Administrative     406,921       802,811       256,986       545,825  
Sales and Marketing     347,610       611,755       123,299       488,456  
Reservation Acquisition Costs     142,842       -       -       -  
Depreciation     51,008       227,525       177,824       49,701  
Other             390,337       356,837       33,500  
TOTAL OPERATING EXPENSES     948,382       3,035,227       1,920,761       1,114,466  
OPERATING LOSS     (682,702 )     (1,042,959 )     (450,018 )     (592,941 )
Interest on Notes Payable to Banks     3,725       137,994       127,254       10,740  
TOTAL INTEREST EXPENSE     3,725       137,994       127,254       10,740  
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ (686,427 )   $ (1,180,953 )   $ (577,272 )   $ (603,681 )

 

    FOR THE THREE MONTHS ENDED        
    JULY 31,        
    2018     2017     2017  
                Ontario     IBC  
REVENUE                                
Reservation and Convention   $ 135,498     $ 662,699     $ 372,485     $ 290,214  
TOTAL REVENUE     135,498       662,699       372,485       290,214  
                                 
OPERATING EXPENSES                                
Room             644,224       645,177       (953 )
Food and Beverage             17,707       17,707       -  
General and Administrative     179,241       446,158       115,581       330,577  
Sales and Marketing     96,634       312,749       63,996       248,753  
Reservation Acquisition Costs     (46,735 )     -       -       -  
Depreciation     (7,043 )     95,922       52,684       43,238  
Other             167,960       162,978       4,982  
TOTAL OPERATING EXPENSES     222,097       1,684,721       1,058,123       626,598  
OPERATING LOSS     (86,599 )     (1,022,021 )     (685,638 )     (336,383 )
Interest (net)     1,173       62,905       62,905       -  
TOTAL INTEREST EXPENSE     1,173       62,905       62,905       -  
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ (87,772 )   $ (1,084,926 )   $ (748,543 )   $ (336,383 )