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Discontinued Operations (Tables)
 12 Months Ended
Jan. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Future Payments on Notes
FISCAL YEAR      
2021     91,667  
2022     550,000  
2023     550,000  
2024     550,000  
2025     550,000  
Thereafter     458,333  
    $ 2,750,000  
Impairment     (825,000 )
    $ 1,925,000  
Schedule of Discontinued Operations

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

 

DISCONTINUED OPERATIONS

 

    JANUARY 31, 2019  
ASSETS        
Current Assets:        
Cash and Cash Equivalents   $ 305,835  
Accounts Receivable     2,750,932  
Prepaid Expenses and Other Current Assets     13,680  
Current Portion of Notes Receivable        
Total Current Assets of Discontinued Operations     3,070,447  
Noncurrent assets of Discontinued Operations        
Property, Plant and Equipment, net     -  
TOTAL ASSETS OF DISCONTINUED OPERATIONS   $ 3,070,447  
         
LIABILITIES        
         
LIABILITIES        
Current Liabilities:        
Accounts Payable and Accrued Expenses   $ 546,803  
Current Portion of Notes Payable to Banks, net of Discount     -  
Total Current Liabilities of Discontinued Operations     546,803  
Noncurrent Liabilities of Discontinued Operations        
Mortgage Notes Payable, net of Discount     -  
Notes Payable to Banks, net of Discount     -  
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS   $ 546,803  

 

 

    FOR THE YEAR ENDED  
    JANUARY 31,  
    2019  
REVENUE        
Room   $ 3,225,783  
Food and Beverage     27,569  
Reservation and Convention     173,399  
Other     41,057  
TOTAL REVENUE     3,467,808  
         
OPERATING EXPENSES        
Room     1,261,875  
Food and Beverage     35,592  
Telecommunications     21,803  
General and Administrative     766,475  
Sales and Marketing     469,457  
Reservation Acquisition Costs     142,842  
Repairs and Maintenance     185,148  
Hospitality     167,874  
Utilities     160,641  
Depreciation     393,581  
Intangible Amortization     -  
Real Estate and Personal Property Taxes, Insurance and Ground Rent     88,344  
Other     -  
TOTAL OPERATING EXPENSES     3,693,632  
OPERATING LOSS     (225,824 )
Interest Income     -  
TOTAL OTHER INCOME     -  
Interest on Mortgage Notes Payable     214,811  
Interest on Notes Payable to Banks     41,390  
Interest on Other Notes Payable     -  
TOTAL INTEREST EXPENSE     256,201  
CONSOLIDATED NET LOSS OF DISCONTINUED OPERATIONS   $ (482,025 )