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12. Business Segment Information: Information by Business Segment (Tables)

9 Months Ended

Jul. 31, 2012

Information by business segment is as follows:

	Nine months ended
	7/31/12	7/31/11
Revenues from operations:
Real estate management/rental operations	$2,089,871	$2,491,472
Land resource management	14,124,838	2,519,319
Total revenues from operations	$16,214,709	$5,010,791

Operating profit (loss), excluding general and administrative expenses:
Real estate management/rental operations	$603,160	$947,253
Land resource management	(423,889)	(759,709)
Total operating profit, excluding general and administrative expenses	$179,271	$187,544

General and administrative expenses:
Real estate management/rental operations	$180,750	$643,079
Land resource management	1,221,641	650,266
Total general and administrative expenses	$1,402,391	$1,293,345

Interest and other income, net:
Real estate management/rental operations	$0	$249,231
Land resource management	3,091	2,444
Total interest and other income, net	$3,091	$251,675

Interest expense:
Real estate management/rental operations	$714,275	$905,410
Land resource management	154,906	250,153
Total Interest expense	$869,181	$1,155,563

Loss from operations before income taxes	($2,089,210)	($2,009,689)

Identifiable assets, net of accumulated depreciation at July 31, 2012 and October 31, 2011 and depreciation expense and capital expenditures for nine months ended July 31, 2012 and the fiscal year ended October 31, 2011 by business segment are as follows:

July 31, 2012	Identifiable Assets	Depreciation and Amortization Expense	Capital Expenditures
Real estate management/rental operations	$26,700,883	$611,300	$4,588
Land resource management	24,366,870	257,864	3,212
Other corporate	132,182	63,284	92,516
Total Assets	$51,199,935	$932,448	$100,316
October 31, 2011
Real estate management/rental operations	$31,631,693	$862,300	$761
Land resource management	33,251,319	382,539	225,105
Other corporate	222,697	109,991	203,691
Total Assets	$65,105,709	$1,354,830	$429,557

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details