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Note 3 - Stock-based Compensation
 9 Months Ended
Oct. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
3. STOCK-BASED COMPENSATION

For the nine months ended October 31, 2012, the Trust recognized expenses of $29,700 related to stock-based compensation. During the nine months ended October 31, 2011, the Trust recognized expenses of $38,880.  The Trust issued 18,000 restricted shares with a total market value of $39,600 in February 2012 as compensation to its three outside Trustees for fiscal year 2013.

The following table summarizes restricted share activity during the nine months ended October 31, 2012:

   
Restricted Shares
 
   
Shares
   
Weighted-Average Per Share Grant Date Fair Value
 
Balance at January 31, 2012
    —       —  
Granted
    18,000       $2.20  
Vested
    (13,500)
 
    $2.20  
Forfeited
    —       —  
Balance of unvested awards at October 31, 2012
    4,500       $2.20