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Segment Reporting
 6 Months Ended
Jul. 31, 2015
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:

 

STATEMENT OF OPERATIONS   SIX MONTHS ENDED JULY 31, 2015  
    Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 8,408,811     $ 133,208     $ 8,542,019  
Income (Loss) From Operations     113,376       (90,041 )     23,335  

 

STATEMENT OF OPERATIONS   SIX MONTHS ENDED JULY 31, 2014  
    Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 8,047,448     $ 8,953     $ 8,056,401  
Income (Loss) From Operations     (44,271 )     (80,017 )     (124,288 )

 

STATEMENT OF OPERATIONS   THREE MONTHS ENDED JULY 31, 2015  
    Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 3,486,797     $ 19,011     $ 3,505,808  
Loss From Operations     (586,632 )     (104,084 )     (690,716 )

 

STATEMENT OF OPERATIONS   THREE MONTHS ENDED JULY 31, 2014  
    Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 3,331,054     $ (723 )   $ 3,330,331  
Loss From Operations     (559,285 )     (62,612 )     (621,897 )