2023 Q2 Form 10-K Financial Statement

#000149315223015101 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $2.206M $1.606M $7.500M
YoY Change 3.27% -2.48% 17.01%
Cost Of Revenue $792.0K $741.2K $2.850M
YoY Change 3.26% -1.6% 5.01%
Gross Profit $1.414M $864.7K $4.295M
YoY Change 3.28% -3.22% 16.23%
Gross Profit Margin 64.1% 53.84% 57.27%
Selling, General & Admin $1.053M $1.022M $3.887M
YoY Change 0.64% 51.63% 19.97%
% of Gross Profit 74.48% 118.24% 90.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $168.2K $172.4K $702.4K
YoY Change -2.05% 16.64% -3.17%
% of Gross Profit 11.89% 19.94% 16.35%
Operating Expenses $2.020M $1.178M $7.443M
YoY Change 65.01% 38.84% 86.13%
Operating Profit $186.3K -$313.3K -$297.3K
YoY Change 28.35% -795.52% -1.98%
Interest Expense $90.03K -$124.6K $530.3K
YoY Change -175.12% 156.55% -273.02%
% of Operating Profit 48.33%
Other Income/Expense, Net $18.41K $820.00 $68.07K
YoY Change 16632.73% -74.77% 102.41%
Pretax Income $114.7K -$437.0K -$759.6K
YoY Change 351.39% 167984.62% -294.33%
Income Tax -$350.8K -$444.3K -$93.50K
% Of Pretax Income -305.96%
Net Earnings $236.6K $152.0K $523.2K
YoY Change 25.78% -77.85% 105.86%
Net Earnings / Revenue 10.73% 9.46% 6.98%
Basic Earnings Per Share $0.03 $0.06
Diluted Earnings Per Share $0.03 $0.02 $0.06
COMMON SHARES
Basic Shares Outstanding 9.179M shares 9.159M shares
Diluted Shares Outstanding 9.011M shares 9.159M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.704M $2.111M $2.111M
YoY Change -55.77% 72.44% 72.44%
Cash & Equivalents $1.704M $2.111M $2.111M
Short-Term Investments
Other Short-Term Assets $315.6K $200.4K $200.4K
YoY Change 195.21% 70.04% 70.04%
Inventory
Prepaid Expenses
Receivables $62.96K $101.7K $101.7K
Other Receivables $2.105M $1.754M $1.754M
Total Short-Term Assets $4.188M $4.168M $4.168M
YoY Change -13.26% 128.82% 128.82%
LONG-TERM ASSETS
Property, Plant & Equipment $7.150M $7.209M $9.339M
YoY Change -24.84% -25.54% -3.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.604M $1.589M $1.589M
YoY Change 15.9% 24.73% 24.73%
Other Assets
YoY Change
Total Long-Term Assets $12.82M $12.85M $12.85M
YoY Change -0.02% -0.22% -0.22%
TOTAL ASSETS
Total Short-Term Assets $4.188M $4.168M $4.168M
Total Long-Term Assets $12.82M $12.85M $12.85M
Total Assets $17.01M $17.02M $17.02M
YoY Change -3.64% 15.76% 15.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $803.5K $85.20K $85.20K
YoY Change 0.51% -90.55% -58.06%
Accrued Expenses $24.61K $12.01K $915.1K
YoY Change 1237.5% -67.95% 42.66%
Deferred Revenue $1.963K
YoY Change 685.2%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $706.5K $808.8K $808.8K
YoY Change -14.81% 260.49% 260.49%
Total Short-Term Liabilities $1.535M $1.811M $1.811M
YoY Change -5.89% 55.7% 55.7%
LONG-TERM LIABILITIES
Long-Term Debt $9.207M $9.259M $9.259M
YoY Change -2.4% 29.79% 29.79%
Other Long-Term Liabilities $2.247M $2.268M $2.268M
YoY Change -1.13% -0.25% -0.25%
Total Long-Term Liabilities $11.45M $11.53M $11.53M
YoY Change -2.15% 22.53% 22.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.535M $1.811M $1.811M
Total Long-Term Liabilities $11.45M $11.53M $11.53M
Total Liabilities $12.99M $13.34M $10.44M
YoY Change 17.73% 61.99% 26.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $7.249M $6.992M
YoY Change 5.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $417.1K $417.1K
YoY Change 219.71%
Treasury Stock Shares 150.7K shares
Shareholders Equity $6.831M $6.575M $6.575M
YoY Change
Total Liabilities & Shareholders Equity $17.01M $17.02M $17.02M
YoY Change -3.64% 15.76% 15.76%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income $236.6K $152.0K $523.2K
YoY Change 25.78% -77.85% 105.86%
Depreciation, Depletion And Amortization $168.2K $172.4K $702.4K
YoY Change -2.05% 16.64% -3.17%
Cash From Operating Activities $37.04K -$61.24K $54.22K
YoY Change -59.94% -144.24% -79.42%
INVESTING ACTIVITIES
Capital Expenditures $108.3K $149.8K $332.6K
YoY Change -315.16% 5231.67% -386.17%
Acquisitions
YoY Change
Other Investing Activities -$15.00K -$175.0K -$315.0K
YoY Change -86.36% -191.43% 26823.08%
Cash From Investing Activities -$123.3K -$324.8K -$647.6K
YoY Change -23.1% -267.23% 451.68%
FINANCING ACTIVITIES
Cash Dividend Paid $182.8K
YoY Change -1.99%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$320.8K -349.5K $1.480M
YoY Change -111.9% 34.31% -337.06%
NET CHANGE
Cash From Operating Activities $37.04K -61.24K $54.22K
Cash From Investing Activities -$123.3K -324.8K -$647.6K
Cash From Financing Activities -$320.8K -349.5K $1.480M
Net Change In Cash -$407.1K -735.6K $887.0K
YoY Change -115.48% -1115.6% -285.42%
FREE CASH FLOW
Cash From Operating Activities $37.04K -$61.24K $54.22K
Capital Expenditures $108.3K $149.8K $332.6K
Free Cash Flow -$71.25K -$211.1K -$278.3K
YoY Change -149.9% -255.61% -173.31%

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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3682145 usd
CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 IHT Other Notes Payable Correction
OtherNotesPayableCorrection
18983 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
967141 usd
CY2023 IHT Employee Retention Credit
EmployeeRetentionCredit
1403164 usd
CY2022 IHT Employee Retention Credit
EmployeeRetentionCredit
350791 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
52693 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
187110 usd
CY2023 us-gaap Depreciation
Depreciation
702386 usd
CY2022 us-gaap Depreciation
Depreciation
725380 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-26533 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
67713 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-68661 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
82561 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-51024 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-85131 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
28171 usd
CY2023 IHT Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-1493 usd
CY2022 IHT Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-109 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
88922 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-950870 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54219 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
263457 usd
CY2023 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
332561 usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
116207 usd
CY2023 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
315000 usd
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
213750 usd
CY2022 IHT Dissolution Of Rhl
DissolutionOfRhl
212580 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-647561 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117377 usd
CY2023 us-gaap Repayments Of Notes Payable
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166535 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
180282 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3884237 usd
CY2023 us-gaap Repayments Of Related Party Debt
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1955093 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
878676 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
977546 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
261224 usd
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
20170 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
60619 usd
CY2022 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
550854 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
182785 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
186492 usd
CY2023 IHT Payments To Minority Shareholder
PaymentsToMinorityShareholder
810219 usd
CY2023 IHT Sale Of Ownership Interest In Subsidiary Net
SaleOfOwnershipInterestInSubsidiaryNet
-40000 usd
CY2023 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
286636 usd
CY2022 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
130464 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1480345 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
887003 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-478375 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1224380 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1702755 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2111383 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1224380 usd
CY2023 us-gaap Minority Interest Description
MinorityInterestDescription
As of January 31, 2023, non-controlling interest represented 48.99% interest in the InnSuites® hotel located in Tucson, Arizona, 78.50% interest in the InnSuites® hotel located in Albuquerque, New Mexico, and 24.02% in the Partnership.
CY2023 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
12335032 shares
CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.070 pure
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2111000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zydKVgZ4DGY" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_86B_zIPPMOnWKpGj">USE OF ESTIMATES</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the audited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust’s operations are affected by numerous factors, including the economy, inflation, virus/pandemic, competition in the hotel industry and the effect of the economy and interest rates, on the travel and hospitality industries. The Trust cannot predict if any of the above items will have a significant impact in the future, nor can it predict what impact, if any, the occurrence of these or other events might have on the Trust’s operations and cash flows. Significant estimates and assumptions made by management include, but are not limited to, the estimated useful lives of long-lived assets, recoverability of long-lived assets, interest rates affecting discounting of future funds to the current types of inflation, and the fair values of the long-lived assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2023 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
3174041 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3174041 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3174041 shares
CY2023 us-gaap Revenue Recognition Dividends
RevenueRecognitionDividends
<p id="xdx_846_eus-gaap--RevenueRecognitionDividends_zUFL707rH793" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">DIVIDENDS AND DISTRIBUTIONS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In Fiscal Years 2023 and 2022, the Trust paid a semi-annual dividend of $<span id="xdx_903_ecustom--DividendsPaidPerShare_iI_c20230131_zNONCLB2meOk" title="Semi annual dividend per share"><span id="xdx_90C_ecustom--DividendsPaidPerShare_iI_c20220131_zg2sJ7TTVGE8" title="Semi annual dividend per share">0.01</span></span> per share each, at the end of the second Fiscal quarter and at the end of the fourth Fiscal quarter for a total annual dividend of $<span id="xdx_905_eus-gaap--DividendsPayableAmountPerShare_iI_c20220731_zgrQvyQuzVu3" title="Semi annual dividend per share"><span id="xdx_90F_eus-gaap--DividendsPayableAmountPerShare_iI_c20221031_ztR1DqJXb7Yc" title="Semi annual dividend per share">0.02</span></span> for each Fiscal Year in the amounts of $<span id="xdx_909_eus-gaap--PaymentsOfDividends_c20220201__20230131_zLrH7K9fUfS7" title="Payments of dividends">182,785</span> and $<span id="xdx_905_eus-gaap--PaymentsOfDividends_c20210201__20220131_zVGpRUmLg504" title="Payments of dividends">186,492</span>, respectively. The Trust’s long-term ability to pay dividends is largely dependent upon the operations of the Hotels, and/or sale of assets. The Trust has paid uninterrupted dividends annually for 52 consecutive years since the Trust registered in 1971, and listed with the NYSE.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 IHT Dividends Paid Per Share
DividendsPaidPerShare
0.01
CY2022Q1 IHT Dividends Paid Per Share
DividendsPaidPerShare
0.01
CY2022Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.02
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.02
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
182785 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
186492 usd
CY2022Q1 us-gaap Escrow Deposit
EscrowDeposit
63512 usd
CY2023Q1 us-gaap Security Deposit
SecurityDeposit
7000 usd
CY2022Q1 us-gaap Security Deposit
SecurityDeposit
7000 usd
CY2023Q1 IHT Prepaid Insurance Current
PrepaidInsuranceCurrent
32159 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
338000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
252000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_845_eus-gaap--ConcentrationRiskCreditRisk_zxa7ownhdiU8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_867_z2SDeWIIGvj9">CONCENTRATION OF CREDIT RISK</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit risk is the risk of an unexpected loss if a third party to a financial instrument fails to meet its contractual obligations. Financial instruments that potentially subject the Trust to a concentration of credit risk consist primarily of cash and cash equivalents. Management’s assessment of the Trust’s credit risk for cash and cash equivalents is low as cash and cash equivalents are held in financial institutions believed to be credit worthy. The Trust limits its exposure to credit loss by placing its cash with various major financial institutions and invests only in short-term obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">While the Trust is exposed to credit losses due to the non-performance of its counterparties, the Trust considers the risk of this remote. The Trust estimates its maximum credit risk for accounts receivable at the amount recorded on the balance sheet.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 IHT Prepaid Workmans Compensation
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562 usd
CY2023Q1 IHT Notes And Loans Receivable Net In Year Two
NotesAndLoansReceivableNetInYearTwo
250000 usd
CY2023Q1 IHT Notes And Loans Receivable Net In Year Three
NotesAndLoansReceivableNetInYearThree
1675000 usd
CY2023Q1 IHT Notes Receivable Net Excluding Impairment
NotesReceivableNetExcludingImpairment
1925000 usd
CY2019Q4 us-gaap Investments
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CY2023 us-gaap Interest And Other Income
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60000 usd
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StockIssuedDuringPeriodSharesShareBasedCompensationGross
60000 shares
CY2023Q1 us-gaap Escrow Deposit
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96774 usd
CY2023Q1 IHT Miscellaneous Prepaid Expenses Current
MiscellaneousPrepaidExpensesCurrent
63934 usd
CY2022Q1 IHT Miscellaneous Prepaid Expenses Current
MiscellaneousPrepaidExpensesCurrent
47356 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
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200429 usd
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
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117868 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
85198 usd
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
203165 usd
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
236845 usd
CY2022Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
246600 usd
CY2023Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
10000 usd
CY2022Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
10000 usd
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
93944 usd
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
14950 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1963 usd
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
250 usd
CY2023Q1 IHT Accrued Property Taxes Current
AccruedPropertyTaxesCurrent
192543 usd
CY2022Q1 IHT Accrued Property Taxes Current
AccruedPropertyTaxesCurrent
35392 usd
CY2023Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
234366 usd
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
154079 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
229376 usd
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
142989 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current
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990291 usd
CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
901369 usd
CY2022 srt Mortgage Loans On Real Estate Interest Rate
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0.0469 pure
CY2023 us-gaap Operating Lease Cost
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53940 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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134379 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
134391 usd
CY2023Q1 us-gaap Secured Debt
SecuredDebt
9475004 usd
CY2022Q1 us-gaap Secured Debt
SecuredDebt
5757302 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1251000 usd
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1296000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
793680 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
234169 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
247906 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
260999 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
263125 usd
CY2023Q1 IHT Long Term Debt Maturities Repayments Of Principal There After
LongTermDebtMaturitiesRepaymentsOfPrincipalThereAfter
8245125 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
10045004 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
134355 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
134367 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
85131 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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2279655 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2267645 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P35Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0485 pure
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
27749 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1883 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1493 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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22877 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7718 usd
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0485 pure
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
23342 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
23342 usd
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
465 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
22877 usd
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
15159 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7718 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
134342 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
23342 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4127258 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4799092 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
23342 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2519437 usd
CY2023Q1 IHT Finance Leases Imputed Interest
FinanceLeasesImputedInterest
465 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2279655 usd
CY2023Q1 IHT Finance Leases Net Lease Obligations
FinanceLeasesNetLeaseObligations
22877 usd
CY2023 IHT Shares Repurchase Price Per Share
SharesRepurchasePricePerShare
2.69
CY2022 IHT Shares Repurchase Price Per Share
SharesRepurchasePricePerShare
2.96
CY2023Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
266361 shares
CY2023Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5400000 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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1432100 usd
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1352000 usd
CY2023Q1 IHT Deferred Tax Assets Tax Deferred Expense Reserves And Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruedLiabilities
-1000 usd
CY2022Q1 IHT Deferred Tax Assets Tax Deferred Expense Reserves And Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruedLiabilities
-2000 usd
CY2023Q1 IHT Deferred Tax Assets Syndications
DeferredTaxAssetsSyndications
2923000 usd
CY2022Q1 IHT Deferred Tax Assets Syndications
DeferredTaxAssetsSyndications
2923000 usd
CY2023Q1 IHT Deferred Tax Prepaid Expenses
DeferredTaxPrepaidExpenses
32159 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
51000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
51000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4437259 usd
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4324000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1877544 usd
CY2022Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1396860 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2559715 usd
CY2022Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2927140 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2559715 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2927140 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-93497 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-50 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
165631 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
321306 usd
CY2023 IHT Income Tax Expense Benefit Change In Valuation Allowance
IncomeTaxExpenseBenefitChangeInValuationAllowance
-165631 usd
CY2022 IHT Income Tax Expense Benefit Change In Valuation Allowance
IncomeTaxExpenseBenefitChangeInValuationAllowance
-321306 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-93497 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-50 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
159518 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-39615 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.05 pure
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
165600 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.22 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.04 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
53370 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.04 pure
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
13254 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-80100 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.05 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01 pure
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4400000 usd
CY2023Q1 IHT Operating Loss Carryforwards Cumulative Net
OperatingLossCarryforwardsCumulativeNet
1400000 usd
CY2023Q1 IHT Syndications
Syndications
2900000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1800000 usd
CY2023Q1 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
2600000 usd
CY2022 IHT Sales And Occupancy Tax Expense
SalesAndOccupancyTaxExpense
798000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
465000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
374000 usd
CY2023 IHT Notes Payables
NotesPayables
46000 usd
CY2022 IHT Notes Payables
NotesPayables
10000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
173000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
160000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
37440 usd
CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
18000 shares
CY2022Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
38000 shares
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
79040 usd
CY2023 IHT Increase Decrease In Sales And Occupancy Taxes
IncreaseDecreaseInSalesAndOccupancyTaxes
798000 usd
CY2023 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
the Trust conservatively placed an amount equal to approximately 12% of this total as a Tax Credit Receivable and Tax Refund on the Balance Sheet and Income statement, respectively, for the Fiscal Years ended January 31, 2023 and 2022, respectively. The Trust has further conservatively recognized an additional 12% each Fiscal Quarter, approximately, of the total anticipated Tax Credit receivable for the Quarter ended January 31, 2023.
CY2023Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.02
CY2022Q3 IHT Dividends Paid Per Share
DividendsPaidPerShare
0.01
CY2023Q1 IHT Dividends Paid Per Share
DividendsPaidPerShare
0.01
CY2021Q3 IHT Dividends Paid Per Share
DividendsPaidPerShare
0.01
CY2022Q1 IHT Dividends Paid Per Share
DividendsPaidPerShare
0.01
CY2022Q3 IHT Dividends Paid Per Share
DividendsPaidPerShare
0.01
CY2023 IHT Net Income Attributable To Controlling Interests Rate
NetIncomeAttributableToControllingInterestsRate
1.06 pure
CY2023 us-gaap Net Income Loss
NetIncomeLoss
523171 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
254144 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2023 us-gaap Revenues
Revenues
7500000 usd
CY2023 IHT Increase In Revenues Percentage
IncreaseInRevenuesPercentage
0.11 pure
CY2022 us-gaap Revenues
Revenues
6700000 usd
CY2023 IHT Non Cash Depreciation Expenses
NonCashDepreciationExpenses
1439437 usd

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