XML 11 R2.htm IDEA: XBRL DOCUMENT v3.21.4
Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2021
Jan. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 1,151,948 $ 1,702,755
Accounts Receivable 170,199 60,557
Income Tax Receivable 695 68,661
Current Portion of Note Receivable (net) 91,667
Prepaid Expenses and Other Current Assets 91,888 168,892
Total Current Assets 1,414,730 2,092,532
Property and Equipment, (net) 7,710,164 8,189,850
Note Receivable (net) 1,925,000 1,833,333
Operating Lease – Right of Use 2,076,322 2,141,084
Finance Lease – Right of Use 55,498 76,309
Convertible Note Receivable 1,000,000 1,000,000
Investment in Private Company Stock 273,750 60,000
TOTAL ASSETS 14,455,464 15,393,108
Current Liabilities:    
Accounts Payable and Accrued Expenses 1,732,941 1,853,602
Current Portion of Mortgage Notes Payable, net of Discount 173,835 168,799
Current Portion of Other Notes Payable 21,507 47,216
Current Portion of Operating Lease Liability 52,420 58,536
Current Portion of Finance Lease Liability 28,888 27,858
Total Current Liabilities 2,009,591 2,156,011
Notes Payable - Related Party 1,052,547 1,595,000
Mortgage Notes Payable, net of Discount 5,625,375 5,768,785
Other Notes Payable 560,375 1,000,877
Operating Lease Liability, net of current portion 2,273,740 2,310,745
Finance Lease Liability, net of current portion 30,321 52,118
TOTAL LIABILITIES 11,551,949 12,883,536
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 9,085,288 and 18,626,215 shares issued and 9,037,738 and 9,057,730 shares outstanding at October 31, 2021 and January 31, 2021, respectively 5,790,732 20,027,402
Treasury Stock, 23,775 and 9,568,485 shares held at cost at October 31, 2021 and January 31, 2021, respectively (88,443) (13,936,972)
TOTAL TRUST SHAREHOLDERS’ EQUITY 5,702,289 6,090,430
NON-CONTROLLING INTEREST (2,798,774) (3,580,858)
TOTAL EQUITY 2,903,515 2,509,572
TOTAL LIABILITIES AND EQUITY $ 14,455,464 $ 15,393,108