$IHT

INNSUITES HOSPITALITY TRUST

CIK:0000082473|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2026	Jul. 31, 2025
REVENUE
TOTAL REVENUE	$ 1,836,651	$ 1,798,872	$ 4,030,160	$ 4,004,635
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	2,016,860	2,037,572	4,037,460	4,020,939
OPERATING LOSS	(180,209)	(238,700)	(7,300)	(16,304)
Other Income	3,054	750	38,151	1,500
Interest Income	15,641		31,282
TOTAL OTHER INCOME	18,695	750	69,433	1,500
Interest on Mortgage Notes Payable	128,813	123,858	233,981	269,121
Interest on Other Notes Payable	6,447	6,006	12,571	11,946
TOTAL INTEREST EXPENSE	135,260	129,864	246,552	281,067
CONSOLIDATED NET LOSS BEFORE BW REWARDS CREDIT AND INCOME TAX BENEFIT	(296,774)	(367,814)	(184,419)	(295,871)
BW Rewards Credit		(33,205)	(37,653)	(66,358)
Income Tax Benefit (Expense)				240
CONSOLIDATED NET LOSS	(296,774)	(401,019)	(222,072)	(361,989)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST	(66,414)	(9,839)	26,558	150,223
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS	$ (230,360)	$ (391,180)	$ (248,630)	$ (512,212)
NET LOSS PER SHARE - BASIC	$ (0.02)	$ (0.04)	$ (0.03)	$ (0.06)
NET LOSS PER SHARE - DILUTED	$ (0.02)	$ (0.04)	$ (0.03)	$ (0.06)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC	9,346,787	8,820,159	9,339,732	8,715,068
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED	9,346,787	8,820,159	9,339,732	8,715,068
Room [Member]
REVENUE
TOTAL REVENUE	$ 1,773,203	$ 1,721,666	$ 3,893,442	$ 3,846,338
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	668,611	646,951	1,313,222	1,307,886
Food and Beverage [Member]
REVENUE
TOTAL REVENUE	26,298	25,478	60,446	55,922
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	13,171	29,361	36,828	55,448
Other [Member]
REVENUE
TOTAL REVENUE	37,150	51,728	76,272	102,375
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	7,916	8,333	14,541	16,546
General and Administrative [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	483,091	530,829	1,030,047	998,595
Selling and Marketing [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	132,915	106,637	268,644	233,557
Repairs and Maintenance [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	91,097	108,472	187,503	217,405
Hospitality [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	158,961	149,527	310,646	308,008
Utilities [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	107,388	100,202	194,137	185,795
Depreciation [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	185,034	188,270	380,005	370,570
Real Estate and Personal Property Taxes Insurance and Ground Rent [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	$ 168,676	$ 168,990	$ 301,887	$ 327,129

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated Net Loss	$ (222,072)	$ (361,989)
Adjustments to Reconcile Consolidated Net Loss to Net Cash (Used In) Provided By Operating Activities:
Stock-Based Compensation	9,630	12,960
Depreciation	380,005	370,570
Changes in Assets and Liabilities:
Accounts Receivable	(62,022)	115,401
Prepaid Expenses and Other Assets	(20,149)	28,249
Operating Lease	(2,314)	(2,308)
Accounts Payable and Accrued Expenses	(230,121)	(36,020)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	(147,043)	126,863
CASH FLOWS FROM INVESTING ACTIVITIES
Improvements and Additions to Hotel Properties	(144,844)	(415,091)
Payments on Investments in Unigen	(10,653)
NET CASH USED IN INVESTING ACTIVITIES	(155,497)	(415,091)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal Payments on Mortgage Notes Payable	(130,389)	(144,150)
Borrowing on Notes Payable - Related Party	354,912	564,525
Borrowing on Notes Payable to Banks		79,878
Payment of Dividends		(87,836)
Sale of Ownership Interest in Subsidiary, net		(10,000)
Repurchase of Treasury Stock	(25,628)
NET CASH PROVIDED BY FINANCING ACTIVITIES	198,895	402,417
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(103,645)	114,189
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	350,200	92,752
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 246,555	$ 206,941

Condensed Consolidated Balance Sheets - USD ($)	Jul. 31, 2026	Jan. 31, 2026
Current Assets:
Cash	$ 246,555	$ 350,200
Accounts Receivable	158,946	96,924
Employee Retention Credit Receivable	1,233,527	1,233,527
Prepaid Expenses and Other Current Assets	157,527	137,378
Total Current Assets	1,796,555	1,818,029
Property and Equipment, net	6,521,088	6,756,249
Notes Receivable (net)	1,925,000	1,925,000
Operating Lease – Right of Use	2,033,970	2,045,563
Convertible Note Receivable	1,000,000	1,000,000
Investment in Private Company Stock	445,833	435,180
TOTAL ASSETS	13,722,446	13,980,021
Current Liabilities:
Accounts Payable and Accrued Expenses	617,631	847,752
Current Portion of Mortgage Notes Payable, net of Discount	265,805	261,000
Current Portion of Other Notes Payable	470,000	470,000
Current Portion of Operating Lease Liability	28,850	28,154
Total Current Liabilities	1,382,286	1,606,906
Mortgage Notes Payable, net of Discount	8,415,834	8,551,028
Operating Lease Liability, net of current portion	2,160,238	2,174,841
TOTAL LIABILITIES	14,958,358	14,977,863
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Shares of Beneficial Interest, without par value, unlimited authorization; 9,369,456 and 9,331,544 shares issued and 9,349,544 and 9,331,544 shares outstanding at July 31, 2026 and January 31, 2026, respectively	2,727,285	2,966,285
Treasury Stock, 19,912 and 0 shares held at cost at July 31, 2026 and January 31, 2026, respectively	(26,951)
TOTAL TRUST SHAREHOLDERS’ EQUITY	2,700,334	2,966,285
NON-CONTROLLING INTEREST	(3,936,246)	(3,964,127)
TOTAL EQUITY/(DEFICIT)	(1,235,912)	(997,842)
TOTAL LIABILITIES AND EQUITY	13,722,446	13,980,021
Related Party [Member]
Current Liabilities:
Notes Payable - Related Party	$ 3,000,000	$ 2,645,088