InnsSuites Hospitality Trust Q2 2025 Update

TL;DR

InnsSuites Hospitality Trust filed its Q2 2025 10-Q, showing revenue streams from rooms, F&B, and other services.

AI Summary

InnsSuites Hospitality Trust filed its 10-Q for the period ending July 31, 2024. The filing details financial performance for the second quarter and first half of fiscal year 2025, including revenues from rooms, food and beverage, and other services. The company's fiscal year ends on January 31st.

Why It Matters

This filing provides investors with a quarterly update on the financial health and operational performance of InnsSuites Hospitality Trust, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant negative events indicated.

Key Numbers

• Q2 2025 — Fiscal Quarter (Reporting period for the 10-Q filing.)
• 20240731 — Report Date (End of the reporting period for this 10-Q.)
• 0131 — Fiscal Year End (The company's fiscal year concludes on January 31st.)

Key Players & Entities

• INNSUITES HOSPITALITY TRUST (company) — Filer
• 0000082473 (company) — Central Index Key
• PHOENIX (location) — Business Address City
• OH (location) — Mail Address State
• 20240731 (date) — Report Period End Date

FAQ

Key Financial Figures

• $3,716,836 — date, as reported on the NYSE AMERICAN: $3,716,836. Number of outstanding Shares of Bene

Filing Documents

• form10-q.htm (10-Q) — 1258KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 8KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001493152-24-036442.txt ( ) — 5835KB
• iht-20240731.xsd (EX-101.SCH) — 52KB
• iht-20240731_cal.xml (EX-101.CAL) — 54KB
• iht-20240731_def.xml (EX-101.DEF) — 225KB
• iht-20240731_lab.xml (EX-101.LAB) — 356KB
• iht-20240731_pre.xml (EX-101.PRE) — 287KB
• form10-q_htm.xml (XML) — 834KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1

Financial Statements

Financial Statements 3 Condensed Consolidated Balance Sheets – January 31, 2024 (audited) and July 31, 2024(unaudited) 3 Condensed Consolidated Statements of Operations – Six Months Ended July 31, 2024 and July 31, 2023 (unaudited) 4 Condensed Consolidated Statements of Operations – Three Months Ended July 31, 2024 and July 31, 2023 (unaudited) 5 Condensed Consolidated Statements of Shareholders' Equity – Six Months Ended July 31, 2024 and July 31, 2023 (unaudited) 6 Condensed Consolidated Statements of Cash Flows – Six Months ended July 31, 2024 and July 31, 2023 (unaudited) 7 Notes to Condensed Consolidated Financial Statements (unaudited) 8 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 Item 4

Controls and Procedures

Controls and Procedures 39

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 41 Item 1A

Risk Factors

Risk Factors 41 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 41 Item 4 Mine Safety Disclosures 42 Item 5 Other Information 42 Item 6 Exhibits 42 Signature 43 Exhibit Index 2 PART I FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS INNSUITES HOSPITALITY TRUST AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS JULY 31, 2024 JANUARY 31, 2024 ASSETS Current Assets: Cash $ 418,033 $ 1,325,368 Accounts Receivable 40,538 111,946 Employee Retention Credit Receivable 1,233,527 1,233,527 Prepaid Expenses and Other Current Assets 767,356 310,891 Total Current Assets 2,459,454 2,981,732 Property and Equipment, net 6,957,051 7,051,192 Notes Receivable (net) 1,925,000 1,925,000 Operating Lease – Right of Use 2,078,382 2,088,693 Convertible Note Receivable 1,000,000 1,000,000 Investment in Private Company Stock 668,750 633,750 TOTAL ASSETS $ 15,088,637 $ 15,680,367 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES Current Liabilities: Accounts Payable and Accrued Expenses $ 918,183 $ 1,049,530 Current Portion of Mortgage Notes Payable, net of Discount 241,551 230,921 Current Portion of Notes Payable - Related Party 365,000 - Current Portion of Other Notes Payable 470,000 470,000 Current Portion of Operating Lease Liability 26,165 6,268 Total Current Liabilities 2,020,899 1,756,719 Mortgage Notes Payable, net of Discount 8,892,346 9,019,664 Operating Lease Liability, net of current portion 2,216,563 2,249,072 TOTAL LIABILITIES 13,129,808 13,025,455 COMMITMENTS AND CONTINGENCIES - - SHAREHOLDERS' EQUITY Shares of Beneficial Interest, without par value, unlimited authorization; 8,988,804 and 8,988,804 shares issued and 8,763,485 and 8,791,822 shares outstanding at July 31, 2024 and January 31, 2024, respectively 6,421,402 7,039,055 Treasury Stock, 225,319 and 196,982 shares held at cost at July 31, 2024 and January 31, 2

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View this 10-Q filing on SEC EDGAR