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Acquisition of International Vacation Hotels (Tables) | 12 Months Ended
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Jan. 31, 2016
Business Combinations [Abstract] |
Schedule of Fair Values of Assets Acquired | The fair values of assets acquired at the transaction date are summarized below:
Marketing Related Intangibles |  | $ | 100,000 |
Customer Base |  |  | 400,000 |
Total identifiable intangible assets |  |  | 500,000 |
Goodwill |  |  | 500,000 |
Total acquired assets |  | $ | 1,000,000 |
Schedule of Supplemental Pro forma Information |
|  | Year Ended January 31, 2016 |  |  | Year Ended January 31, 2015 |
|  | As Reported |  |  | Pro Forma |  |  | As Reported |  |  | Pro Forma |
|  |  |  |  | (unaudited) |  |  |  |  |  | (unaudited) |
Revenues |  | $ | 3,623,640 |  |  | $ | 4,623,372 |  |  | $ | 2,845,122 |  |  | $ | 4,135,223 |
Consolidated net income (loss) |  | $ | 339,440 |  |  | $ | 468,513 |  |  | $ | (2,240,924 | ) |  | $ | (2,079,580 | )
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST |  | $ | (92,676 | ) |  | $ | - |  |  | $ | (137,287 | ) |  | $ | - |
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS |  | $ | 432,116 |  |  | $ | 468,513 |  |  | $ | (2,103,637 | ) |  | $ | (2,079,580 | )
NET LOSS PER SHARE FROM CONTINUING OPERATIONS – BASIC |  | $ | (0.22 | ) |  | $ | (0.22 | ) |  | $ | (0.29 | ) |  | $ | (0.29 | )
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE – BASIC |  | $ | 0.26 |  |  | $ | 0.26 |  |  | $ | 0.02 |  |  | $ | 0.02 |
NET INCOME (LOSS) PER SHARE PER SHARE TOTAL - BASIC |  | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | (0.27 | ) |  | $ | (0.27 | )
NET LOSS PER SHARE FROM CONTINUING OPERATIONS – DILUTED |  | $ | (0.15 | ) |  | $ | (0.15 | ) |  | $ | (0.29 | ) |  | $ | (0.29 | )
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE – DILUTED |  | $ | 0.18 |  |  | $ | 0.18 |  |  | $ | 0.02 |  |  | $ | 0.02 |
NET INCOME (LOSS) PER SHARE PER SHARE TOTAL - DILUTED |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | (0.27 | ) |  | $ | (0.27 | )
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC |  |  | 8,269,827 |  |  |  | 8,358,954 |  |  |  | 8,313,093 |  |  |  | 8,402,220 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED |  |  | 11,953,896 |  |  |  | 12,043,023 |  |  |  | 8,313,093 |  |  |  | 8,402,220 |
Schedule of Intangible Assets | Amortizable intangible assets consist of the following Proforma (unaudited):
|  | January 31, 2016 |  |  |  |  |  |  |
|  | Amount |  |  | Accumulated Amortization |  |  | Net Amount |  |  | Useful Lives (years) |
Marketing Related Intangibles |  | $ | 100,000 |  |  | $ | 20,000 |  |  | $ | 80,000 |  |  |  | 10 |
Customer Base |  |  | 400,000 |  |  |  | 114,286 |  |  |  | 285,714 |  |  |  | 7 |
Total: |  | $ | 500,000 |  |  | $ | 134,286 |  |  | $ | 365,714 |  |  |  |  |
Schedule of Goodwill | The changes in the carrying value of the Trust’s goodwill for the years ended January 31, 2016 and 2015 is as follows:
Beginning Balance February 1, 2014 |  | $ | - |
Ending Balance January 31, 2015 |  |  | - |
Acquisition of Vacation Technology Hotels |  |  | 500,000 |
Ending Balance January 31, 2016 |  | $ | 500,000 |

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