For the quarter ending 2025-10-31, IHT has $13,895,269 in assets. $14,042,169 in debts.
| Balance Sheets | 2025-10-31 | 2025-07-31 | ||
|---|---|---|---|---|
| Cash | 14,016 | 206,941 | ||
| Accounts receivable | 70,755 | 79,542 | ||
| Employee retention credit receivable | 1,233,527 | 1,233,527 | ||
| Prepaid expenses and other current assets | 103,946 | 170,984 | ||
| Total current assets | 1,422,244 | 1,690,994 | ||
| Property and equipment, net | 6,789,494 | 6,856,135 | ||
| Notes receivable (net) | 1,925,000 | 1,925,000 | ||
| Operating lease right of use | 2,051,235 | 2,056,825 | ||
| Convertible note receivable | 1,000,000 | 1,000,000 | ||
| Investment in private company stock | 707,296 | 668,750 | ||
| Total assets | 13,895,269 | 14,197,704 | ||
| Accounts payable and accrued expenses | 550,664 | 616,604 | ||
| Current portion of mortgage notes payable, net of discount | 257,635 | 254,317 | ||
| Current portion of other notes payable | 470,000 | 470,000 | ||
| Current portion of notes payable to banks | - | 79,878 | ||
| Current portion of operating lease liability | 20,732 | 20,479 | ||
| Total current liabilities | 1,299,031 | 1,441,278 | ||
| Notes payable - related party | 1,969,250 | 1,715,750 | ||
| Mortgage notes payable, net of discount | 8,584,800 | 8,645,979 | ||
| Operating lease liability, net of current portion | 2,189,088 | 2,196,084 | ||
| Total liabilities | 14,042,169 | 13,999,091 | ||
| Shares of beneficial interest, without par value, unlimited authorization 9,006,804 and 8,988,804 shares issued and 8,781,485 and 8,763,485 shares outstanding at october 31, 2025 and january 31, 2025, respectively | 4,532,457 | 4,882,885 | ||
| Treasury stock, 225,319 and 225,319 shares held at cost at october 31, 2025 and january 31, 2025, respectively | 917,425 | 917,425 | ||
| Total trust shareholders equity | 3,615,032 | 3,965,460 | ||
| Non-controlling interest | -3,761,932 | -3,766,847 | ||
| Total equity | -146,900 | 198,613 | ||
| Total liabilities and equity | 13,895,269 | 14,197,704 | ||
INNSUITES HOSPITALITY TRUST (IHT)
INNSUITES HOSPITALITY TRUST (IHT)