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Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Oct. 31, 2014
Jan. 31, 2014
Current Assets:    
Cash and Cash Equivalents $ 445,791 $ 395,903
Restricted Cash 5,589 114,337
Accounts Receivable, including $47,989 and $55,873 from related parties and net of Allowance for Doubtful Accounts of $30,058 and $23,593, as of October 31, 2014 and January 31, 2014, respectively 362,901 644,566
Advances to Affiliates - Related Party 70,259  
Prepaid Expenses and Other Current Assets 200,532 384,059
Total Current Assets 1,085,072 1,538,865
Hotel Properties, net 23,427,012 23,672,715
Property, Plant and Equipment, net 79,701 89,348
Deferred Finance Costs and Other Assets 76,673 107,575
TOTAL ASSETS 24,668,458 25,408,503
Current Liabilities:    
Accounts Payable and Accrued Expenses 2,057,545 2,221,638
Current Portion of Mortgage Notes Payable 5,736,923 11,753,088
Current Portion of Notes Payable to Banks, net of Discount of $93,321 and $24,453 as of October 31, 2014 and January 31, 2014, respectively 1,947,415 1,018,925
Line of Credit - Related Party 1,400,187 331,390
Current Portion of Other Notes Payable 73,297 81,461
Total Current Liabilities 11,215,367 15,406,502
Mortgage Notes Payable 10,840,750 6,993,483
Other Notes Payable 71,575 106,106
TOTAL LIABILITIES 22,127,692 22,506,091
SHAREHOLDERS' EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 16,845,846 and 16,822,746 shares issued and 8,281,970 and 8,341,899 shares outstanding at October 31, 2014 and January 31, 2014, respectively 12,863,924 14,024,668
Treasury Stock, 8,563,876 and 8,480,847 shares held at October 31, 2014 and January 31, 2014, respectively (12,150,105) (11,973,459)
TOTAL TRUST SHAREHOLDERS' EQUITY 713,819 2,051,209
NON-CONTROLLING INTEREST 1,826,947 851,203
TOTAL EQUITY 2,540,766 2,902,412
TOTAL LIABILITIES AND EQUITY $ 24,668,458 $ 25,408,503