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Statements of Cash Flows, Supplemental Disclosures
9 Months Ended
Oct. 31, 2018
Supplemental Cash Flow Elements [Abstract]  
Statements of Cash Flows, Supplemental Disclosures

8. STATEMENTS OF CASH FLOWS, SUPPLEMENTAL DISCLOSURES

 

The Trust paid approximately $380,000 and $451,000 in cash for interest for the nine months period ended October 31, 2018 and 2017, respectively for continuing operations. The Trust paid approximately $550,000 and $20,000 for taxes for the nine months period ended October 31, 2018 and 2017, respectively for continuing operations.

 

In connection with the sale of the Yuma property, the related mortgage note payable was paid off in full in the amount of approximately $5,560,000 at the time of the sale.

 

In connection with the sale of IBC, the Trust entered into a note receivable for $2,750,000 for a portion of the purchase price.

 

Purchase of treasury stock on notes payable were approximately $477,000 for the nine months period ended October 31, 2018.