Acquisition of International Vacation Hotels (Tables)

12 Months Ended

Jan. 31, 2016

Business Combinations [Abstract]

Schedule of Fair Values of Assets Acquired

The fair values of assets acquired at the transaction date are summarized below:

Marketing Related Intangibles	$	100,000
Customer Base		400,000
Total identifiable intangible assets		500,000
Goodwill		500,000
Total acquired assets	$	1,000,000

Schedule of Supplemental Pro forma Information

	Year Ended January 31, 2016						Year Ended January 31, 2015
	As Reported			Pro Forma			As Reported			Pro Forma
				(unaudited)						(unaudited)
Revenues	$	3,623,640		$	4,623,372		$	2,845,122		$	4,135,223
Consolidated net income (loss)	$	339,440		$	468,513		$	(2,240,924	)	$	(2,079,580	)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST	$	(92,676	)	$	-		$	(137,287	)	$	-
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS	$	432,116		$	468,513		$	(2,103,637	)	$	(2,079,580	)
NET LOSS PER SHARE FROM CONTINUING OPERATIONS – BASIC	$	(0.22	)	$	(0.22	)	$	(0.29	)	$	(0.29	)
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE – BASIC	$	0.26		$	0.26		$	0.02		$	0.02
NET INCOME (LOSS) PER SHARE PER SHARE TOTAL - BASIC	$	0.04		$	0.04		$	(0.27	)	$	(0.27	)
NET LOSS PER SHARE FROM CONTINUING OPERATIONS – DILUTED	$	(0.15	)	$	(0.15	)	$	(0.29	)	$	(0.29	)
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE – DILUTED	$	0.18		$	0.18		$	0.02		$	0.02
NET INCOME (LOSS) PER SHARE PER SHARE TOTAL - DILUTED	$	0.03		$	0.03		$	(0.27	)	$	(0.27	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC		8,269,827			8,358,954			8,313,093			8,402,220
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED		11,953,896			12,043,023			8,313,093			8,402,220

Schedule of Intangible Assets

Amortizable intangible assets consist of the following Proforma (unaudited):

	January 31, 2016
	Amount		Accumulated Amortization		Net Amount		Useful Lives (years)
Marketing Related Intangibles	$	100,000	$	20,000	$	80,000		10
Customer Base		400,000		114,286		285,714		7
Total:	$	500,000	$	134,286	$	365,714

Schedule of Goodwill

The changes in the carrying value of the Trust’s goodwill for the years ended January 31, 2016 and 2015 is as follows:

Beginning Balance February 1, 2014	$	-
Ending Balance January 31, 2015		-
Acquisition of Vacation Technology Hotels		500,000
Ending Balance January 31, 2016	$	500,000