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Discontinued Operations (Tables)
 12 Months Ended
Jan. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Future Payments on Notes

FISCAL YEAR        
2020     $ 229,167  
2021       550,000  
2022       550,000  
2023       550,000  
2024       550,000  
Thereafter       320,833  
      $ 2,750,000  
Schedule of Discontinued Operations

The following tables list the assets and liabilities of discontinued operations for the fiscal year ended January 31, 2019 and January 31, 2018 and the discontinued operations for fiscal year ended January 31, 2019 and January 31, 2018.

 

DISCONTINUED OPERATIONS

 

    JANUARY 31, 2019     JANUARY 31, 2018  
ASSETS                
Current Assets:                
Cash and Cash Equivalents   $ 305,835       200,705  
Accounts Receivable     932       414,787  
Prepaid Expenses and Other Current Assets     13,680       50,828  
Current Portion of Notes Receivable                
Total Current Assets of Discontinued Operations     320,447       666,320  
Noncurrent assets of Discontinued Operations     -          
Property, Plant and Equipment, net     -       5,240,535  
TOTAL ASSETS OF DISCONTINUED OPERATIONS   $ 320,447       5,906,855  
                 
LIABILITIES                
                 
LIABILITIES                
Current Liabilities:                
Accounts Payable and Accrued Expenses   $ 546,803       607,488  
Current Portion of Notes Payable to Banks, net of Discount     -       145,549  
Total Current Liabilities of Discontinued Operations     546,803       753,037  
Noncurrent Liabilities of Discontinued Operations                
Mortgage Notes Payable, net of Discount     -       4,677,444  
Notes Payable to Banks, net of Discount     -       812,930  
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS   $ 546,803       6,243,411  

 

    FOR THE YEARS ENDED  
    JANUARY 31,  
    2019     2018  
REVENUE            
Room   $ 3,225,783     $ 5,455,777  
Food and Beverage     27,569       106,919  
Reservation and Convention     173,399       1,051,454  
Other     41,057       32,985  
TOTAL REVENUE     3,467,808       6,647,135  
                 
OPERATING EXPENSES                
Room     1,261,875       1,930,833  
Food and Beverage     35,592       125,559  
Telecommunications     21,803       34,268  
General and Administrative     766,475       1,987,723  
Sales and Marketing     469,457       1,524,621  
Reservation Acquisition Costs     142,842       234,000  
Repairs and Maintenance     185,148       381,356  
Hospitality     167,874       332,493  
Utilities     160,641       277,020  
Depreciation     393,581       749,964  
Intangible Amortization     -       933,000  
Real Estate and Personal Property Taxes, Insurance and Ground Rent     88,344       149,550  
Other     -       10,297  
TOTAL OPERATING EXPENSES     3,693,632       8,670,684  
OPERATING LOSS     (225,824 )     (2,023,548 )
Interest Income     -       961  
TOTAL OTHER INCOME     -       961  
Interest on Mortgage Notes Payable     214,811       402,611  
Interest on Notes Payable to Banks     41,390       50,236  
TOTAL INTEREST EXPENSE     256,201       452,847  
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS   $ (482,025 )   $ (2,475,434 )