Stock Based Compensation (Tables)

3 Months Ended

Apr. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Restricted Shares Activity

The following table summarizes restricted share activity during the three months ended April 30, 2015:

	Restricted Shares
	Shares			Weighted-Average Per Share Grant Date Fair Value
Balance at January 31, 2015	-			-
Granted	21,000		$	2.72
Vested	(6,000	)	$	2.72
Forfeited	-			-
Balance of unvested awards at April 30, 2015	15,000		$	2.72

Schedule of Stock Option Vested

The 2015 Plan Agreement has the following vesting schedule:

Tranche	Shares for which the Stock Option is Vested	Vesting Date
A	1/3	5/17/2016
B	1/3	2nd anniversary of the Date of Grant
C	1/3	3rd anniversary of the Date of Grant

Schedule of Performance Objective for Applicable Performance Period

Vested tranches become exercisable as set forth below to the extent that the GAAP pre-tax profit of IBC Hotels LLC is greater than or equal to the performance objective for the applicable performance period as described below.

Performance Period	Performance Objective		Exercisable
(Fiscal Year Ending)	(GAAP pre-tax profit of IBC Hotels LLC)		Tranche(s)
1/31/2016	$	60,000	A
1/31/2017	$	200,000	A and B
1/31/2018	$	400,000	A, B, and C