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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2020
Jan. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 547,231 $ 1,200,528
Short-Term Investments - Available For Sale Securities 31,755
Accounts Receivable, including approximately $164,000 and $375,000 from related parties and net of Allowance for Doubtful Accounts of approximately $22,000 and $15,000 as of April 30, 2020 and January 31, 2020, respectively 306,127 585,226
Advances to Affiliates - Related Party 1,000,000 1,000,000
Notes Receivable - Related Party 25,000
Current Portion of Note Receivable 91,667
Prepaid Expenses and Other Current Assets 206,763 77,806
Income Tax Receivable 294,402 294,402
Total Current Assets 2,411,278 3,249,629
Property, Equipment, and Hotel Properties net 8,750,486 8,983,323
Note Receivable 1,925,500 1,833,333
Operating Lease - Right of Use 2,204,341 2,197,364
Finance Lease - Right of Use 97,120 131,806
Investments 1,000,000 600,000
TOTAL ASSETS 16,388,225 16,995,455
Current Liabilities:    
Accounts Payable and Accrued Expenses 965,226 1,384,971
Notes Payable - Related Party 77,218 161,440
Current Portion of Mortgage Notes Payable, net of Discount 166,956 160,849
Notes Payable to Banks, net of Discount 17,100
Current Portion of Other Notes Payable 771,692 806,712
Current Portion of Operating Lease Liability 168,780 168,780
Current Portion of Finance Lease Liability 31,123 31,123
Total Current Liabilities 2,180,995 2,730,975
Mortgage Notes Payable, net of Discount 5,898,530 5,944,819
Other Notes Payable 542,459 73,491
Operating Lease Liability, net of current portion 2,240,427 2,252,964
Finance Lease Liability, net of current portion 68,880 75,396
TOTAL LIABILITIES 10,931,291 11,077,645
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 18,626,215 and 18,608,215 shares issued and 9,274,225 and 9,273,299 shares outstanding at April 30, 2020 and January 31, 2020, respectively 21,713,770 21,837,048
Treasury Stock, 9,351,990 and 9,334,916 shares held at cost at April 30, 2020 and January 31 2020, respectively (13,710,305) (13,689,533)
TOTAL TRUST SHAREHOLDERS' EQUITY 8,003,465 8,147,515
NON-CONTROLLING INTEREST (2,546,531) (2,229,705)
TOTAL SHAREHOLDERS' EQUITY 5,456,934 5,917,810
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 16,388,225 $ 16,995,455