Stock Based Compensation (Tables)

6 Months Ended

Jul. 31, 2016

Summary of Restricted Shares Activity

The following table summarizes restricted share activity during the six months ended July 31, 2016:

	Restricted Shares
	Shares			Weighted-Average Per Share Grant Date Fair Value
Balance of unvested awards at January 31, 2016		-			-
Granted		24,000		$	2.16
Vested		(12,000	)	$	2.16
Forfeited		-			-
Balance of unvested awards at July 31, 2016		12,000		$	2.16

Summary of Bonus Consisting of Cash and Shares of Beneficial Interest

Executive Officer	Cash		Equity
Pamela J. Barnhill	$	10,000	10,000 Shares of Beneficial Interest
Marc E. Berg	$	2,500	2,500 Shares of Beneficial Interest
Adam B. Remis	$	5,000	5,000 Shares of Beneficial Interest

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

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

2017 Fiscal Year Bonus Program [Member]

Summary of Bonus Consisting of Cash and Shares of Beneficial Interest

Executive Officer	Cash		Equity
Pamela J. Barnhill	$	25,000	10,000 Shares of Beneficial Interest
Marc E. Berg	$	5,000	2,500 Shares of Beneficial Interest
Adam B. Remis	$	10,000	5,000 Shares of Beneficial Interest