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BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

12 Months Ended

Apr. 30, 2013

Oct. 31, 2012

Information by business segment is as follows:

	Three months ended		Six months ended
	4/30/13	4/30/12	4/30/13	4/30/12
Revenues from continuing operations:
Real estate management/rental operations	$692,944	$697,612	$1,358,930	$1,352,877
Land resource management	298,195	1,037,506	752,869	1,990,091
Total revenues from operations	$991,139	$1,735,118	$2,111,799	$3,342,968

Operating profit (loss) from continuing operations, excluding general and administrative expenses:
Real estate management/rental operations	$231,361	$224,560	$395,188	$371,840
Land resource management	(3,956,714)	(268,728)	(4,211,655)	(328,292)
Total operating profit (loss), excluding general and administrative expenses	($3,725,353)	($44,168)	($3,816,467)	$43,548

General and administrative expenses:
Real estate management/rental operations	$323,090	$174,741	$627,614	$392,183
Land resource management	139,035	259,878	347,708	576,905
Total general and administrative expenses	$462,125	$434,619	$975,322	$969,088

Interest and other income, net:
Real estate management/rental operations	$13	$58	$1,316	$1,149
Land resource management	44	145	970	1,792
Total interest and other income, net	$57	$203	$2,286	$2,941

Interest expense:
Real estate management/rental operations	$244,081	$273,045	$494,612	$588,457
Land resource management	11,387	1,874	21,354	10,753
Total Interest expense	$255,468	$274,919	$515,966	$599,210

Loss from continuing operations before income taxes	($4,442,889)	($753,503)	($5,305,469)	($1,521,809)

Identifiable assets, net of accumulated depreciation at April 30, 2013 and October 31, 2012 and depreciation expense and capital expenditures for six months ended April 31, 2013 and the fiscal year ended October 31, 2012 by business segment are as follows:

April 30, 2013	Identifiable Assets	Depreciation and Amortization Expense	Capital Expenditures
Real estate management/rental operations	$24,441,239	$392,122	$5,028
Land resource management	20,519,803	168,928	0
Other corporate	99,082	20,472	129,824
Discontinued operations	166,682	0	0
Total Assets	$46,226,806	$581,522	$134,852

October 31, 2012	Identifiable Assets	Depreciation and Amortization Expense	Capital Expenditures
Real estate management/rental operations	$26,125,839	$804,900	$24,579
Land resource management	23,990,608	342,580	9,617
Other corporate	288,363	77,856	59,285
Discontinued operations	166,682	1,666	0
Total Assets	$50,571,492	$1,227,002	$93,481

Information by business segment is as follows:


	10/31/12	10/31/11	10/31/10
Revenues from continuing operations:
Real estate management/rental operations	$2,787,941	$2,806,476	$2,857,266
Land resource management	4,341,767	2,872,670	2,557,013
Total revenues from operations	$7,129,708	$5,679,146	$5,414,279

Operating profit (loss) from continuing operations, excluding general and administrative expenses:
Real estate management/rental operations	$843,515	$825,152	$734,681
Land resource management	(323,964)	(1,544,539)	(3,055,472)
Total operating profit, excluding general and administrative expenses	$519,551	($719,387)	($2,320,791)

General and administrative expenses:
Real estate management/rental operations	$735,801	$885,251	$1,286,717
Land resource management	1,145,890	906,130	1,151,503
Total general and administrative expenses	1,881,691	$1,791,381	$2,438,220

Interest and other income, net:
Real estate management/rental operations	$2,099	$9,277	$9,739
Land resource management	1,216	1,982	11,852
Total interest and other income, net	$3,315	$11,259	$21,591


	10/31/12	10/31/11	10/31/10
Interest expense:
Real estate management/rental operations	$955,531	$1,085,769	$1,042,795
Land resource management	172,556	329,262	218,544
Total Interest expense	$1,128,087	$1,415,031	$1,261,339

Income (loss) from continuing operations before income taxes	($2,486,912)	($3,914,540)	($5,998,759)

Identifiable assets, net of accumulated depreciation at October 31, 2012, 2011, and 2010 and depreciation expense and capital expenditures for the years then ended by business segment are as follows:


	Identifiable Assets	Depreciation and Amortization Expense	Capital Expenditures
October 31, 2012
Real estate management/rental operations	$26,125,839	$804,900	$24,579
Land resource management	23,990,608	342,580	9,617
Other corporate	288,363	77,856	59,285
Discontinued operations	166,682	1,666	0
Total Assets	$50,571,492	$1,227,002	$93,481

October 31, 2011
Real estate management/rental operations	$20,629,423	$623,470	$761
Land resource management	33,251,319	382,559	225,105
Other corporate	222,697	109,991	203,691
Discontinued operations	11,002,270	238,810	0
Total Assets	$65,105,709	$1,354,830	$429,557

October 31, 2010
Real estate management/rental operations	$24,216,702	$676,042	$1,462,552
Land resource management	33,186,415	381,607	73,084
Other corporate	322,144	89,714	7,363
Discontinued operations	12,532,129	194,411	0
Total Assets	$70,257,390	$1,341,774	$1,542,999

- 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.

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