XML 26 R16.htm IDEA: XBRL DOCUMENT v3.3.1.900
Segment Reporting
 9 Months Ended
Oct. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting

10. 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 continuing operations, for which there is no intersegment revenues, is as follows:

 

STATEMENT OF OPERATIONS   NINE MONTHS ENDED OCTOBER 31, 2015  
CONTINUING OPERATIONS   Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 2,543,585     $ 144,951     $ 2,688,536  
Loss From Operations     (801,194 )     (229,123 )     (1,030,317 )

 

STATEMENT OF OPERATIONS   NINE MONTHS ENDED OCTOBER 31, 2014  
CONTINUING OPERATIONS   Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 2,060,172     $ 15,293     $ 2,075,465  
Loss From Operations     (1,321,134 )     (223,092 )     (1,544,226 )

 

STATEMENT OF OPERATIONS   THREE MONTHS ENDED OCTOBER 31, 2015  
CONTINUING OPERATIONS   Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 751,801     $ 11,743     $ 763,544  
Loss From Operations     (284,895 )     (139,082 )     (423,977 )

 

STATEMENT OF OPERATIONS   THREE MONTHS ENDED OCTOBER 31, 2014  
CONTINUING OPERATIONS   Hotel Operations & Corporate Overhead     IBC Developments     Total  
Total Revenue   $ 565,276     $ 6,340     $ 571,616  
Loss From Operations     (300,891 )     (143,075 )     (443,966 )