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Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2021
Jan. 31, 2021
Current Assets:    
Cash $ 1,701,995 $ 1,702,755
Accounts Receivable 52,464 60,557
Income Tax Receivable 695 68,661
Current Portion of Note Receivable (net) 137,500 91,667
Prepaid Expenses and Other Current Assets 213,398 168,892
Total Current Assets 2,106,052 2,092,532
Property and Equipment, net 7,913,883 8,189,850
Note Receivable (net) 1,787,500 1,833,333
Operating Lease – Right of Use 2,098,081 2,141,084
Finance Lease – Right of Use 62,435 76,309
Convertible Note Receivable 1,000,000 1,000,000
Investment in Private Company Stock 90,000 60,000
TOTAL ASSETS 15,057,951 15,393,108
Current Liabilities:    
Accounts Payable and Accrued Expenses 1,849,311 1,853,602
Current Portion of Mortgage Notes Payable, net of Discount 172,749 168,799
Current Portion of Other Notes Payable 22,469 47,216
Current Portion of Operating Lease Liability 45,954 58,536
Current Portion of Finance Lease Liability 21,276 27,858
Total Current Liabilities 2,111,759 2,156,011
Notes Payable - Related Party 1,212,487 1,595,000
Mortgage Notes Payable, net of Discount 5,663,965 5,768,785
Other Notes Payable 570,126 1,000,877
Operating Lease Liability, net of current portion 2,295,144 2,310,745
Finance Lease Liability, net of current portion 44,940 52,118
TOTAL LIABILITIES 11,898,421 12,883,536
SHAREHOLDERS’ EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 18,674,651 and 18,626,215 shares issued and 9,061,513 and 9,057,730 shares outstanding at July 31, 2021 and January 31, 2021, respectively 19,972,661 20,027,402
Treasury Stock, 9,613,138 and 9,568,485 shares held at cost at July 31, 2021 and January 31, 2021, respectively (13,936,972) (13,936,972)
TOTAL TRUST SHAREHOLDERS’ EQUITY 6,035,689 6,090,430
NON-CONTROLLING INTEREST (2,876,159) (3,580,858)
TOTAL EQUITY 3,159,530 2,509,572
TOTAL LIABILITIES AND EQUITY $ 15,057,951 $ 15,393,108