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Acquisition of International Vacation Hotels (Tables) | 12 Months Ended
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Jan. 31, 2017
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 | The pro forma data is for informational purposes only and may not necessarily reflect the actual results of operations had International Vacation Hotels been operated as part of the Trust since February 1, 2016 and 2015.
|  | Year Ended January 31, 2016 |
|  | As Reported |  |  | Pro Forma (unaudited) |
Revenues |  | $ | 11,616,767 |  |  | $ | 12,616,499 |
Consolidated Net Loss |  | $ | 339,440 |  |  | $ | 468,513 |
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST |  | $ | (92,676 | ) |  | $ | (92,676 | )
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS |  | $ | 432,116 |  |  | $ | 432,116 |
NET LOSS PER SHARE FROM CONTINUING OPERATIONS – BASIC |  | $ | (0.18 | ) |  | $ | (0.18 | )
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS – BASIC |  | $ | 0.22 |  |  | $ | 0.22 |
NET LOSS PER SHARE PER SHARE TOTAL - BASIC |  | $ | 0.04 |  |  | $ | 0.04 |
NET LOSS PER SHARE FROM CONTINUING OPERATIONS – DILUTED |  | $ | (0.12 | ) |  | $ | (0.12 | )
NET INCOME PER SHARE FROM DISCONTINUED OPERATIONS – DILUTED |  | $ | 0.15 |  |  | $ | 0.15 |
NET LOSS PER SHARE PER SHARE TOTAL - DILUTED |  | $ | 0.03 |  |  | $ | 0.03 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC |  |  | 8,269,827 |  |  |  | 8,269,827 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED |  |  | 11,953,896 |  |  |  | 11,953,896 |
Schedule of Intangible Assets | Amortizable intangible assets consist of the following:
|  | January 31, 2017 |  |  |  |  |  |  |
|  | Amount |  |  | Accumulated Amortization |  |  | Net Amount |  |  | Useful Lives (years) |
Marketing Related Intangibles |  | $ | 100,000 |  |  | $ | 10,000 |  |  | $ | 90,000 |  |  |  | 10 |
Customer Base |  |  | 400,000 |  |  |  | 57,000 |  |  |  | 343,000 |  |  |  | 7 |
Total: |  | $ | 500,000 |  |  | $ | 67,000 |  |  | $ | 433,000 |  |  |  |  |

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