XML 86 R84.htm IDEA: XBRL DOCUMENT v2.4.0.6
FAIR VALUE OF FINANCIAL INSTRUMENTS AND IMPAIRMENT (Details Narrative) (USD $)
12 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2010
Impairment $ 70,700 $ 1,178,651 $ 2,376,000
Carrying Amount
     
Land and land development costs 20,359,066 20,642,787  
Lot ( included in land and land development costs) 3,734    
Land improvements, buildings and equipment 21,043,068 22,438,253  
Land held for investment 6,848,390 6,848,488  
Long lived assets held for sale 846,174 3,617,799  
Condominium and duplex units (included in long-lived assets held for sale)   3,678,164  
Assets of discontinued operations 230,382 11,504,270  
Ski areas (included in assets of discontinued operations)   9,457,650  
Impairment Expense
     
Land and land development costs 7,000    
Lot ( included in land and land development costs) 7,000    
Land improvements, buildings and equipment 0    
Long lived assets held for sale   676,651  
Condominium and duplex units (included in long-lived assets held for sale)   676,651  
Assets of discontinued operations 63,700 502,000  
Ski areas (included in assets of discontinued operations)   502,000  
Carrying Amount - Revised
     
Land and land development costs 20,352,066    
Long lived assets held for sale   2,941,148  
Assets of discontinued operations   11,002,270  
Fair Value
     
Lot ( included in land and land development costs) 30,394    
Condominium and duplex units (included in long-lived assets held for sale)   3,001,513  
Assets of discontinued operations 166,682    
Ski areas (included in assets of discontinued operations)   8,955,650  
Prior Period Impairments
     
Land and land development costs 1,973,000 1,973,000  
Land held for investment 403,000 403,000  
Long lived assets held for sale 676,652    
Assets of discontinued operations $ 502,000