XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
REVENUE        
TOTAL REVENUE $ 952,959 $ 1,497,246 $ 3,323,757 $ 5,123,661
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 1,631,743 1,527,841 5,519,108 5,729,262
OPERATING LOSS (678,784) (30,595) (2,195,351) (605,601)
Interest Income 17,500 62,225 81,852 65,752
TOTAL OTHER INCOME 17,500 62,225 81,852 65,752
Interest on Mortgage Notes Payable 110,687 68,338 219,032 181,503
Interest on Notes Payable to Banks     103
Interest on Other Notes Payable (4,032) 115,195 55,547 190,941
TOTAL INTEREST EXPENSE 106,655 183,533 274,682 372,444
CONSOLIDATED NET LOSS (767,940) (151,903) (2,388,181) (912,293)
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST (286,830) 49,202 (1,100,281) 93,634
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS $ (481,110) $ (201,105) $ (1,287,900) $ (1,005,927)
NET LOSS PER SHARE TOTAL - BASIC & DILUTED $ (0.08) $ (0.02) $ (0.26) $ (0.10)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC & DILUTED 9,069,326 9,298,268 9,187,337 9,324,548
Room [Member]        
REVENUE        
TOTAL REVENUE $ 878,813 $ 1,439,693 $ 3,006,851 $ 4,917,000
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 342,698 493,030 1,169,010 1,520,904
Food and Beverage [Member]        
REVENUE        
TOTAL REVENUE 13,974 20,049 46,952 52,456
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 30,542 24,214 93,788 71,521
Management and Trademark Fees [Member]        
REVENUE        
TOTAL REVENUE 33,696 37,504 108,944 129,202
Other [Member]        
REVENUE        
TOTAL REVENUE 26,476 161,010 25,003
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 1,535 7,697 6,943 17,416
Telecommunications [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 978 1,873 395
General and Administrative [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 541,664 217,526 1,459,425 1,712,769
Sales and Marketing [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 84,287 112,278 306,861 386,498
Repairs and Maintenance [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 86,801 95,429 262,214 297,761
Hospitality [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 24,624 127,258 119,331 398,220
Utilities [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 93,966 115,300 272,229 308,540
Depreciation [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 207,300 269,887 634,010 764,566
Real Estate and Personal Property Taxes, Insurance and Ground Rent [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 138,910 65,222 348,986 250,672
Sales and Occupancy Tax [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES $ 78,438 $ 844,438