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Consolidated Statements of Operations (USD $)
12 Months Ended
Jan. 31, 2014
Jan. 31, 2013
REVENUE    
Room $ 13,442,254 $ 13,436,362
Food and Beverage 991,867 1,068,025
Management and Trademark Fees, including $189,299 and $248,234 from related parties for 2014 and 2013, respectively 194,605 262,662
Other 255,916 210,570
TOTAL REVENUE 14,884,642 14,977,619
OPERATING EXPENSES    
Room 3,667,492 3,759,867
Food and Beverage 927,887 1,006,975
Telecommunications 28,243 51,607
General and Administrative 3,139,064 2,977,901
Sales and Marketing 1,111,912 1,083,503
Repairs and Maintenance 1,225,997 1,430,524
Hospitality 837,371 808,064
Utilities 1,202,371 1,263,748
Hotel Property Depreciation 1,783,595 1,754,289
Real Estate and Personal Property Taxes, Insurance and Ground Rent 938,345 954,232
Other 9,477 9,987
TOTAL OPERATING EXPENSES 14,871,754 15,100,697
OPERATING INCOME (LOSS) 12,888 (123,078)
Interest Income 5,610 8,937
TOTAL OTHER INCOME 5,610 8,937
Interest on Mortgage Notes Payable 757,316 909,366
Interest on Notes Payable to Banks 26,408 17,613
Interest on Other Notes Payable 28,496 34,730
Interest on Line of Credit - Related Party 10,361  
TOTAL INTEREST EXPENSE 822,581 961,709
CONSOLIDATED NET LOSS BEFORE INCOME TAX PROVISION (804,083) (1,075,850)
Income Tax Provision (37,148)  
CONSOLIDATED NET LOSS (841,231) (1,075,850)
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 180,592 (69,705)
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS $ (1,021,823) $ (1,006,145)
NET LOSS PER SHARE – BASIC AND DILUTED (in Dollars per share) $ (0.12) $ (0.12)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - (in Shares) 8,368,416 8,415,542
CASH DIVIDENDS PER SHARE (in Dollars per share) $ 0.01 $ 0.01