XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMBINED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Apr. 30, 2012
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2010
Revenues:              
Real estate management revenue $ 241,854 $ 247,491 $ 470,915 $ 454,534 $ 997,854 $ 993,602 $ 1,063,270
Land resource management revenue 298,195 1,037,506 752,869 1,990,091 4,341,767 2,872,670 2,557,013
Rental income revenue 451,090 450,121 888,015 898,343 1,790,087 1,812,874 1,793,996
Total revenues 991,139 1,735,118 2,111,799 3,342,968 7,129,708 5,679,146 5,414,279
Costs and expenses:              
Real estate management costs 244,730 233,736 521,795 509,314 1,010,413 1,016,444 1,127,137
Land resource management costs 4,258,009 1,306,234 4,967,624 2,318,383 4,670,340 4,436,374 5,612,485
Rental income costs 216,853 239,316 441,947 471,723 934,013 964,880 995,448
General and administrative expense 462,125 434,619 975,322 969,088 1,881,691 1,791,381 2,438,220
Gain on sale of assets (3,100) 0 (3,100) 0 (4,609) (19,165)   
Total costs and expenses 5,178,617 2,213,905 6,903,588 4,268,508 8,491,848 8,189,914 10,173,290
Operating loss from continuing operations (4,187,478) (478,787) (4,791,789) (925,540) (1,362,140) (2,510,768) (4,759,011)
Other income and (expense):              
Interest and other income 57 203 2,286 2,941 3,315 11,259 21,591
Interest expense (255,468) (274,919) (515,966) (599,210) (1,128,087) (1,415,031) (1,261,339)
Total other income and expense (255,411) (274,716) (513,680) (596,269) (1,124,772) (1,403,772) (1,239,748)
Loss from continuing operations before income taxes (4,442,889) (753,503) (5,305,469) (1,521,809) (2,486,912) (3,914,540) (5,998,759)
(Credit) provision for income taxes on continuing operations:              
Current income taxes on continuing operations         67,000 2,000 (3,000)
Deferred income taxes on continuing operations         (1,339,000) (1,329,000) (2,180,000)
Credit for income taxes (1,511,000) (255,000) (1,804,000) (517,000) (1,272,000) (1,327,000) (2,183,000)
Net loss before discontinued operations (2,931,889) (498,503) (3,501,469) (1,004,809) (1,214,912) (2,587,540) (3,815,759)
Discontinued operations 2,425 (7,916) 2,421 (3,039) (66,722) 169,775 616,679
Provision (credit) for income taxes on discontinued operations:              
Current income taxes on discontinued operations         (1,000)    0
Deferred income taxes on discontinued operations         (22,000) 57,000 210,000
(Credit) provision for income taxes on discontinued operations 1,000 (3,000) 1,000 (1,000) (23,000) 57,000 210,000
Net income (loss) from discontinued operations 1,425 (4,916) 1,421 (2,039) (43,722) 112,775 406,679
Net loss $ (2,930,464) $ (503,419) $ (3,500,048) $ (1,006,848) $ (1,258,634) $ (2,474,765) $ (3,409,080)
Earnings (loss) per weighted average combined share:              
Net loss before discontinued operations (per share) $ (1.20) $ (0.20) $ (1.43) $ (0.41) $ (0.49) $ (1.06) $ (1.56)
Income (loss) from discontinued operations (per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ (0.02) $ 0.05 $ 0.17
Basic loss per weighted average combined share (per share) $ (1.20) $ (0.20) $ (1.43) $ (0.41) $ (0.51) $ (1.01) $ (1.39)