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Note 3 - Stock-based Compensation
 9 Months Ended
Oct. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
3. STOCK-BASED COMPENSATION

For the nine months ended October 31, 2011, the Trust recognized expenses of $38,880 related to stock-based compensation. During the nine months ended October 31, 2010, the Trust recognized expenses of $36,450.  The Trust issued 36,000 restricted shares with a total market value of $51,840 in January 2011 as compensation to its three outside Trustees for fiscal year 2012.

The following table summarizes restricted share activity during the nine months ended October 31, 2011:

   
Restricted Shares
 
   
Shares
   
Weighted-Average
Per Share Grant
Date Fair Value
 
Balance at January 31, 2011
    —       —  
Granted
    36,000     $ 1.44  
Vested
    (27,000 )   $ 1.44  
Forfeited
    —       —  
Balance of unvested awards at October 31, 2011
    9,000     $ 1.44  

No cash was paid out or received by the Trust relating to restricted share awards during the nine months ended October 31, 2011 or 2010.