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Acquisition of International Vacation Hotels (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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