XML 40 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Oct. 31, 2019
Oct. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net (Loss) Income $ (912,293) $ 11,124,289
Adjustments to Reconcile Consolidated Net (Loss) Income to Net Cash Provided By (Used In) Operating Activities:    
Stock-Based Compensation 24,300 24,300
Depreciation 764,566 1,017,252
Gain on Disposals on Assets (13,323,418)
Changes in Assets and Liabilities:    
Accounts Receivable (145,184) 30,249
Prepaid Expenses and Other Assets 11,547 22,936
Accrued Interest Income (93,000)
Accounts Payable and Accrued Expenses 370,667 (503,132)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 113,603 (1,700,524)
CASH FLOWS FROM INVESTING ACTIVITIES    
Improvements and Additions to Hotel Properties (242,355) (778,525)
Redemption of Marketable Securities 1,106,183 1,000,330
Cash Received From Sale of Hotel Property and IBC 10,184,766
Lendings on Advances to Affiliates - Related Party (127,055) (704,253)
Collections on Advances to Affiliates - Related Party 25,353 602,992
NET CASH PROVIDED BY INVESTING ACTIVITIES 762,126 10,305,310
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (86,889) (296,486)
Payments on Notes Payable to Banks, net of financing costs (156,000)
Borrowings on Notes Payable to Banks, net of financing costs 146,700
Lendings on Notes Receivable - Related Party (254,813)
Collections on Notes Receivable - Related Party 888,027
Payments on Notes Payable - Related Party (240,210) (229,126)
Payments on Other Notes Payable (604,419) (88,930)
Borrowings on Other Notes Payable 11,000
Payment of Dividends (95,909) (99,673)
Proceeds from Sale of Non-Controlling Ownership Interest in Subsidiary, net 76,114
Distributions to Non-Controlling Interest Holders (369,226) (669,734)
Repurchase of Treasury Stock (123,767) (323,646)
NET CASH USED IN FINANCING ACTIVITIES (885,506) (1,631,481)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (9,777) 6,973,305
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 749,075 4,776,453
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 739,298 $ 11,749,758