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v3.19.2

Subsequent Events (Details Narrative) - USD ($) |  |  |  |  |  | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jul. 01, 2019 | Jun. 25, 2019 | May 31, 2019 | May 30, 2019 | Jun. 20, 2016 | Apr. 30, 2019 | Jul. 08, 2019 | Jan. 31, 2019 | Mar. 20, 2017
Stock repurchased during period, shares |  |  |  |  |  | 266,894 |  |  |
Debt instrument face amount |  |  |  |  |  | $ 7,600,000 |  | $ 7,600,000 |
Debt instrument interest rate |  |  |  |  |  | 7.00% |  | 7.00% |
Debt instrument maturity date |  |  |  |  |  | Jun. 19, 2042 |  |  |
Hayden Loan [Member] |  |  |  |  |  |  |  |  |
Debt instrument face amount |  |  |  |  |  | $ 270,000 |  |  |
Debt instrument interest rate |  |  |  |  | 4.50% |  |  |  |
Debt instrument maturity date |  |  |  |  | Jun. 30, 2021 |  |  |  |
Sweitzer Loans [Member] |  |  |  |  |  |  |  |  |
Debt instrument face amount |  |  |  |  |  | $ 100,000 |  |  | $ 100,000
Debt instrument interest rate |  |  |  |  |  | 4.00% |  |  |
Debt instrument maturity date |  |  |  |  |  | Jun. 30, 2021 |  |  |
Individual Lender [Member] |  |  |  |  |  |  |  |  |
Debt instrument interest rate |  |  |  |  |  | 7.00% |  |  |
Debt instrument maturity date |  |  |  |  |  | Jun. 30, 2021 |  |  |
Trust [Member] |  |  |  |  |  |  |  |  |
Stock repurchased during period, shares |  |  |  |  |  | 15,503 |  |  |
Debt instrument interest rate |  |  |  |  |  | 7.00% |  |  |
Stock repurchased during period, value |  |  |  |  |  | $ 25,000 |  |  |
Subsequent Event [Member] |  |  |  |  |  |  |  |  |
Description for annual dividend |  |  |  | On May 30, 2019 the Trust's Board of Trustees approved a one cent semi-annual dividend, payable on July 31, 2019, on shares held of record a July 19, 2019. This continues the Trust's recent practice of paying total annual dividends of two cents per share, payable one cent each semi-annually on July 31 and January 31. |  |  |  |  |
Stock repurchased during period, shares |  | 750,000 |  |  |  |  |  |  |
Subsequent Event [Member] | Hayes Trust [Member] |  |  |  |  |  |  |  |  |
Due to related parties |  |  |  |  |  |  | $ 425,000 |  |
Subsequent Event [Member] | Previously Authorized but Unused Shares Repurchased [Member] |  |  |  |  |  |  |  |  |
Stock repurchased during period, shares |  | 200,000 |  |  |  |  |  |  |
Subsequent Event [Member] | Verbal Agreement [Member] | Hayden Loan [Member] |  |  |  |  |  |  |  |  |
Debt instrument face amount | $ 270,000 |  |  |  |  |  |  |  |
Debt instrument interest rate | 4.50% |  |  |  |  |  |  |  |
Debt instrument maturity date | Jun. 30, 2021 |  |  |  |  |  |  |  |
Subsequent Event [Member] | Verbal Agreement [Member] | Sweitzer Loans [Member] |  |  |  |  |  |  |  |  |
Debt instrument face amount | $ 100,000 |  |  |  |  |  |  |  |
Debt instrument interest rate | 4.00% |  |  |  |  |  |  |  |
Debt instrument maturity date | Jun. 30, 2021 |  |  |  |  |  |  |  |
Subsequent Event [Member] | Verbal Agreement [Member] | Individual Lender [Member] |  |  |  |  |  |  |  |  |
Debt instrument face amount | $ 200,000 |  |  |  |  |  |  |  |
Debt instrument interest rate | 4.50% |  |  |  |  |  |  |  |
Debt instrument maturity date | Jun. 30, 2021 |  |  |  |  |  |  |  |
Subsequent Event [Member] | Albuquerque Hotel [Member] |  |  |  |  |  |  |  |  |
Proceeds from sale of hotel |  |  |  | $ 7,500,000 |  |  |  |  |
Sale of property expired date |  |  |  | Apr. 30, 2019 |  |  |  |  |
Subsequent Event [Member] | Tucson Hotel [Member] |  |  |  |  |  |  |  |  |
Proceeds from sale of hotel |  |  | $ 15,800,000 |  |  |  |  |  |
Sale of property, description |  |  | Real estate broker who successfully sold four other InnSuites hotels in the past three years |  |  |  |  |  |

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