Segment Reporting

6 Months Ended

Jul. 31, 2016

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:

	SIX MONTHS ENDED JULY 31, 2016
STATEMENT OF OPERATIONS (i)	Hotel Operations & Corporate Overhead		Discontinued Operations			IBC Developments			Total
Total Revenue	$	6,346,144	$	-		$	396,701		$	6,742,845
Income (Loss) From Operations		485,581		(16,673	)		(382,366	)		86,542

	THREE MONTHS ENDED JULY 31, 2016
STATEMENT OF OPERATIONS (i)	Hotel Operations & Corporate Overhead		Discontinued Operations			IBC Developments			Total
Total Revenue	$	2,925,565	$	-		$	179,216		$	3,104,781
Income (Loss) From Operations		171,441		(5,353	)		(263,775	)		(98,414	)

(i) Hotels Operations & Corporate Overhead segment includes Assets Held for Sale

	SIX MONTHS ENDED JULY 31, 2015
STATEMENT OF OPERATIONS (i)	Hotel Operations & Corporate Overhead			Discontinued Operations		IBC Developments			Total
Total Revenue	$	6,096,920		$	2,311,577	$	133,208		$	8,541,705
(Loss) Income From Operations		(49,585	)		162,649		(90,041	)		23,023

	THREE MONTHS ENDED JULY 31, 2015
STATEMENT OF OPERATIONS (i)	Hotel Operations & Corporate Overhead			Discontinued Operations			IBC Developments			Total
Total Revenue	$	2,752,148		$	734,519		$	19,011		$	3,505,678
Loss From Operations		(331,364	)		(261,792	)		(104,084	)		(697,240	)

(i) Hotels Operations & Corporate Overhead segment includes Assets Held for Sale