Segment Reporting

3 Months Ended

Apr. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

9. SEGMENT REPORTING

In the fourth quarter of fiscal year 2015, the Trust determined that its reportable segments are the Hotel Operations & Corporate Overhead 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. Consistent with the change in reportable segments, the Trust revised its prior period financial information for the new segment structure. Historical financial information presented in this Form 10-Q reflects this change.

Information relative to the Trust’s reportable segments, for which there is no intersegment revenues, is as follows:

STATEMENT OF OPERATIONS	THREE MONTHS ENDED APRIL 30, 2015
	Hotel Operations & Corporate Overhead		IBC Developments		Total
Total Revenue	$	4,922,014	$	114,197	$	5,036,211
Income From Operations		700,008		14,043		714,051

STATEMENT OF OPERATIONS	THREE MONTHS ENDED APRIL 30, 2014
	Hotel Operations & Corporate Overhead		IBC Developments			Total
Total Revenue	$	4,716,394	$	9,676		$	4,726,070
Income (Loss) From Operations		515,015		(17,405	)		497,610