<span item_type="fundamental" item_id="6335f81097c16882defb80db057eff6b" counter_id="ST/US/IHT" env="prod"></span><span item_type="announcement" item_id="594051953697359361" env="prod"></span><p>notice_summary_ytd.revenue.</p><p>notice_summary_ytd.eps.</p><p>notice_summary_ytd.ebit.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li><strong>Room Revenue</strong>: $5,577,272 for the nine months ended October 31, 2025, compared to $5,764,638 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Food and Beverage Revenue</strong>: $79,182 for the nine months ended October 31, 2025, compared to $71,220 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Other Revenue</strong>: $153,219 for the nine months ended October 31, 2025, compared to $123,632 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Total Revenue</strong>: $5,809,673 for the nine months ended October 31, 2025, compared to $5,959,490 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li><strong>Operating Expenses</strong>: $6,007,374 for the nine months ended October 31, 2025, compared to $6,213,199 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Operating Loss</strong>: -$197,701 for the nine months ended October 31, 2025, compared to -$253,709 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Net Loss</strong>: -$713,982 for the nine months ended October 31, 2025, compared to -$556,746 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Net Loss Attributable to Controlling Interests</strong>: -$869,120 for the nine months ended October 31, 2025, compared to -$811,658 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li></ul><h4>Cash Flow</h4><ul><li><strong>Net Cash Used in Operating Activities</strong>: -$18,240 for the nine months ended October 31, 2025, compared to -$650,721 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: -$578,597 for the nine months ended October 31, 2025, compared to -$367,910 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: $518,101 for the nine months ended October 31, 2025, compared to $145,168 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li><strong>Employee Retention Credit Receivable</strong>: $1,233,527 for both periods ended October 31, 2025 and January 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Investment in Private Company Stock</strong>: $707,296 as of October 31, 2025, compared to $668,750 as of January 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li><strong>Hotel Operations</strong>: The Trust plans to continue improving guest satisfaction and driving revenue growth through increased occupancy and rates, leveraging the completed refurbishments at the Tucson and Albuquerque hotels.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Cost Control</strong>: The Trust is focused on cost-cutting measures, including significant reductions in insurance costs, which are expected to result in annual savings of approximately $350,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li><strong>Diversification Investments</strong>: The Trust is optimistic about the high profit potential from its investment in UniGen Power Inc., which is developing an efficient clean energy generator innovation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>IBC Hotels Management</strong>: The Trust has obtained a five-year option to purchase IBC Hotels, LLC at cost, which could provide significant upside if successful.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li></ul><h4>Priority</h4><ul><li><strong>Strategic Sales</strong>: The Trust plans to sell its remaining two hotel properties within the next 36 months, aiming to realize full market value for these assets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li><li><strong>Merger Opportunities</strong>: The Trust is seeking a larger private reverse merger partner to benefit from its public listing on the NYSE American.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/82473/000149315225027802/form10-q.htm"></span></li></ul>

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