InnSuites Hospitality Trust 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For The Quarterly Period Ended April 30, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number 1-7062 INNSUITES HOSPITALITY TRUST(Exact name of registrant as specified in its charter) Ohio34-6647590(State or other jurisdictionof incorporation or organization)(I.R.S. EmployerIdentification Number) InnSuites Hospitality Centre1730 E. Northern Avenue, Suite 122Phoenix, AZ 85020(Address of principal executive offices) Registrant’s telephone number, including area code:(602) 944-1500 Indicate by check mark whether the registrant: (l) has filed all reports required to be filed by Section 13 or l5(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer☐Non-accelerated filer☒Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Aggregate market value of Shares of Beneficial Interest held by non-affiliates of the registrant as of July 31, 2025, basedupon the closing sales price of the registrant’s Shares of Beneficial Interest on that date, as reported on the NYSE AMERICAN:$3,716,836. Number of outstanding Shares of Beneficial Interest, without par value, as of June 18, 2026: 9,402,834. Securities registered pursuant to Section 12(b) of the Act: PART I. FINANCIAL INFORMATION Item 1Financial Statements3Condensed Consolidated Balance Sheets – January 31, 2026 and April 30, 2026 (unaudited)3Condensed Consolidated Statements of Operations – Three Months Ended April 30, 2026 and April 30, 2025(unaudited)4Condensed Consolidated Statements of Shareholders’ Equity – Three Months Ended April 30, 2026 and April 30,2025 (unaudited)5Condensed Consolidated Statements of Cash Flows – Three Months ended April 30, 2026 and April 30, 2025(unaudited)6Notes to Condensed Consolidated Financial Statements (unaudited)7Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item 3Quantitative and Qualitative Disclosures About Market Risk40Item 4Controls and Procedures40 PART II. OTHER INFORMATION Item 1Legal Proceedings42Item 1ARisk Factors42Item 2Unregistered Sales of Equity Securities and Use of Proceeds42Item 3Defaults Upon Senior Securities43Item 4Mine Safety Disclosures43Item 5Other Information43Item 6Exhibits43Signature44Exhibit Index ITEM 1. FINANCIAL STATEMENTSINNSUITES HOSPITALITY TRUST AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS LIABILITIES INNSUITES HOSPITALITY TRUST AND SUBSIDIARIESNOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSAS OF APRIL 30, 2026, AND JANUARY 31, 2026AND FOR THE THREE MONTHS ENDED APRIL 30, 2026 AND 2025 1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION As of April 30, 2026, InnSuites Hospitality Trust (the “Trust”, “IHT”, “we”, “us” or “our”) is a publicly traded unincorporated Ohioreal estate investment trust (REIT) with two hotels that IHT has an ownership interest in and manages. The Trust and its shareholdersdirectly in and through a Partnership, own interests in two hotels with an aggregate of 270 hotel suites in Arizona and New Mexico.Both are operated under the federally trademarked name “I