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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Apr. 30, 2013
Jan. 31, 2013
Current Assets:    
Cash and Cash Equivalents $ 193,216 $ 493,953
Restricted Cash 4,595 13,783
Accounts Receivable, including $60,870 and $81,176 from related parties and net of Allowance for Doubtful Accounts of $23,087 and $34,415, as of April 30, 2013 and January 31, 2013 respectively 453,863 568,186
Prepaid Expenses and Other Current Assets 229,419 268,399
Total Current Assets 881,093 1,344,321
Hotel Properties, net 24,377,600 24,686,780
Property, Plant and Equipment, net 103,006 112,977
Deferred Finance Costs and Other Assets 124,194 137,884
TOTAL ASSETS 25,485,893 26,281,962
Current Liabilities:    
Accounts Payable and Accrued Expenses 1,445,185 2,298,497
Current Portion of Mortgage Notes Payable 1,214,997 1,208,365
Current Portion of Notes Payable to Banks 178,201 450,000
Current Portion of Other Notes Payable 166,159 189,799
Total Current Liabilities 3,004,542 4,146,661
Mortgage Notes Payable 18,435,695 18,746,559
Other Notes Payable 135,512 162,457
TOTAL LIABILITIES 21,575,749 23,055,677
SHAREHOLDERS' EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 16,822,746 and 16,804,746 shares issued and 8,381,344 and 8,357,207 shares outstanding at April 30, 2013 and January 31, 2013 respectively 15,420,781 14,940,048
Treasury Stock, 8,441,402 and 8,429,539 shares held at April 30, 2013 and January 31, 2013, respectively (11,900,594) (11,877,886)
TOTAL TRUST SHAREHOLDERS' EQUITY 3,520,187 3,062,162
NON-CONTROLLING INTEREST 389,957 164,123
TOTAL EQUITY 3,910,144 3,226,285
TOTAL LIABILITIES AND EQUITY $ 25,485,893 $ 26,281,962