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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
REVENUE        
TOTAL REVENUE $ 1,670,063 $ 924,720 $ 3,069,189 $ 2,370,798
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 1,707,632 2,158,467 3,313,337 3,887,365
OPERATING LOSS (37,569) (1,233,747) (244,148) (1,516,567)
Other Expense (37,123) 51
Interest Income 183 46,596 271 64,352
PPP Loan Forgiveness 550,853 967,141
TOTAL OTHER INCOME 513,913 46,596 967,463 64,352
Interest on Mortgage Notes Payable 53,162 72,338 70,507 108,345
Interest on Notes Payable to Banks 103
Interest on Notes Payable – Related Party 19,385 39,463
Interest on Other Notes Payable 2,233 7,896 54,620 59,579
TOTAL INTEREST EXPENSE 74,780 80,234 164,590 168,027
CONSOLIDATED NET INCOME (LOSS) 401,564 (1,267,385) 558,725 (1,620,242)
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 460,765 (602,466) 724,409 (813,451)
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS $ (59,201) $ (664,919) $ (165,684) $ (806,791)
NET LOSS PER SHARE TOTAL – BASIC & DILUTED $ (0.01) $ (0.14) $ (0.02) $ (0.18)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC & DILUTED 9,120,730 9,203,817 9,120,382 9,247,007
Room [Member]        
REVENUE        
TOTAL REVENUE $ 1,587,365 $ 846,289 $ 2,951,670 $ 2,128,038
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 445,684 356,696 919,310 826,312
Food and Beverage [Member]        
REVENUE        
TOTAL REVENUE 13,357 17,801 28,831 32,978
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 54,508 30,878 94,665 63,246
Management and Trademark Fees [Member]        
REVENUE        
TOTAL REVENUE 32,050 75,248
Other [Member]        
REVENUE        
TOTAL REVENUE 69,341 28,580 88,688 134,534
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 5,003 3,306 24,072 5,408
Telecommunications [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 125 895 125 895
General and Administrative [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 497,723 340,287 954,100 917,761
Sales and Marketing [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 104,194 112,140 185,324 222,574
Repairs and Maintenance [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 103,185 86,606 193,965 175,413
Hospitality [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 52,226 25,838 104,623 94,707
Utilities [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 115,397 96,857 199,962 178,263
Depreciation [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 178,272 212,401 363,292 426,710
Real Estate and Personal Property Taxes, Insurance and Ground Rent [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES 129,081 126,563 251,665 210,076
Sales and OccupancyTax [Member]        
OPERATING EXPENSES        
TOTAL OPERATING EXPENSES $ 22,234 $ 766,000 $ 22,234 $ 766,000