Segment Reporting

12 Months Ended

Jan. 31, 2016

Segment Reporting [Abstract]

Segment Reporting

23. SEGMENT REPORTING

In the fourth quarter of 2015, the Trust determined its reportable segments are the Hotel Operations and IBC Developments segments. Reportable segments are determined based on discrete financial information reviewed by the Trust’s CODM. The Trust organizes and reviews operations based on products and services, and currently there are no operating segments that are aggregated. The Trust performs an annual analysis of its reportable segments.

Information relative to the Trust’s reportable segments is as follows:

	JANUARY 31, 2016
BALANCE SHEET	Hotel Operations & Corporate Overhead		IBC Developments		Total
Total Assets	$	22,728,621	$	1,212,068	$	23,940,689
Total Liabilities		15,145,321		1,824,639		16,969,960
Fixed Assets, Net		19,395,147		135,619		19,530,766

	TWELVE MONTHS ENDED JANUARY 31, 2016
STATEMENT OF OPERATIONS CONTINUING OPERATIONS	Hotel Operations & Corporate Overhead			IBC Developments			Total
Total Revenue	$	3,422,468		$	201,172		$	3,623,640
Loss From Operations		(1,083,466	)		(296,534	)		(1,380,000	)

	JANUARY 31, 2015
BALANCE SHEET	Hotel Operations & Corporate Overhead		IBC Developments		Total
Total Assets	$	27,020,056	$	7,753	$	27,027,809
Total Liabilities		24,046,878		15,704		24,062,582
Fixed Assets, Net		25,891,083		3,455		25,894,538

	TWELVE MONTHS ENDED JANUARY 31, 2015
STATEMENT OF OPERATIONS CONTINUING OPERATIONS	Hotel Operations & Corporate Overhead			IBC Developments			Total
Total Revenue	$	2,824,856		$	20,266		$	2,845,122
Loss From Operations		(1,580,368	)		(326,038	)		(1,906,406	)