XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Apr. 30, 2020
Apr. 30, 2019
REVENUE    
TOTAL REVENUE $ 1,446,078 $ 2,093,018
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 1,728,898 2,242,760
OPERATING LOSS (282,820) (149,743)
Interest Income 17,756 844
Interest Income on Advances to Affiliates - Related Party 1,970
TOTAL OTHER INCOME 17,756 2,814
Interest on Mortgage Notes Payable 36,007 54,556
Interest on Notes Payable to Banks 103
Interest on Other Notes Payable 51,683 68,346
TOTAL INTEREST EXPENSE 87,793 122,902
CONSOLIDATED NET LOSS (352,857) (269,830)
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST (210,985) 59,024
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS $ (141,872) $ (328,854)
NET LOSS PER SHARE - BASIC & DILUTED $ (0.04) $ (0.03)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC & DILUTED 9,291,223 9,362,857
Room [Member]    
REVENUE    
TOTAL REVENUE $ 1,281,749 $ 1,995,329
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 469,616 541,009
Food and Beverage [Member]    
REVENUE    
TOTAL REVENUE 15,177 17,860
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 32,368 24,001
Management and Trademark Fees [Member]    
REVENUE    
TOTAL REVENUE 102,585 63,512
Other [Member]    
REVENUE    
TOTAL REVENUE 46,567 16,317
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 2,102 4,033
Telecommunications [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES
General and Administrative [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 577,474 837,673
Sales and Marketing [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 110,434 127,979
Repairs and Maintenance [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 88,807 99,803
Hospitality [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 68,869 139,700
Utilities [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 81,406 92,121
Depreciation [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 214,309 241,755
Real Estate and Personal Property Taxes, Insurance and Ground Rent [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES $ 83,513 $ 134,686