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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jan. 31, 2022
Jan. 31, 2021
REVENUE    
TOTAL REVENUE $ 6,409,800 $ 4,202,574
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 6,713,135 7,014,719
OPERATING LOSS (303,335) (2,812,145)
Other Income 33,627 146,325
Interest Income 60,696 129,995
PPP Loan Forgiveness 967,141
TOTAL OTHER INCOME 1,061,464 276,320
Interest on Mortgage Notes Payable 288,844 287,089
Interest on Notes Payable to Banks 103
Interest on Notes Payable Related Party 71,512
Interest on Other Notes Payable 6,879 73,484
TOTAL INTEREST EXPENSE 367,235 360,676
CONSOLIDATED NET INCOME (LOSS) LOSS BEFORE EMPLOYEE RETENTION CREDIT, SALES AND OCCUPANCY TAXES AND INCOME TAX BENEFIT 390,894 (2,827,840)
Employee Retention Credit 350,791
Sales and Occupancy Taxes 798,000
Income Tax Benefit 50 68,661
CONSOLIDATED NET INCOME (LOSS) 1,539,735 (2,827,840)
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 1,285,591 (1,202,230)
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS $ 254,144 $ (1,625,610)
NET INCOME (LOSS) PER SHARE – BASIC & DILUTED $ 0.03 $ (0.31)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC & DILUTED 9,108,672 9,158,361
Room [Member]    
REVENUE    
TOTAL REVENUE $ 6,208,467 $ 3,905,001
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 2,011,129 1,526,323
Food and Beverage [Member]    
REVENUE    
TOTAL REVENUE 55,652 55,735
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 201,288 118,874
Management and Trademark Fees [Member]    
REVENUE    
TOTAL REVENUE 21,026 115,745
Other [Member]    
REVENUE    
TOTAL REVENUE 124,655 126,093
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 33,764 10,069
Telecommunications [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 250 2,000
General and Administrative [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 1,831,779 1,957,762
Sales and Marketing [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 399,543 379,759
Repairs and Maintenance [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 392,131 354,662
Hospitality [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 233,192 150,850
Utilities [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 383,098 357,221
Depreciation [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 725,380 830,916
Real Estate and Personal Property Taxes, Insurance and Ground Rent [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES 501,581 481,845
Sales And Occupancy [Member]    
OPERATING EXPENSES    
TOTAL OPERATING EXPENSES $ 844,438