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Segment Reporting

12 Months Ended

Jan. 31, 2018

Segment Reporting [Abstract]

Segment Reporting

23. SEGMENT REPORTING

The Trust determined its reportable segments are the Hotel Operations 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. The Trust performs an annual analysis of its reportable segments.

Information relative to the Trust’s reportable segments is as follows:

CONSOLIDATED BALANCE SHEET		YEAR ENDED JANUARY 31, 2018
		Hotel Operations & Corporate Overhead				IBC Developments				Total
Total Assets		$	22,201,935			$	876,137			$	23,078,072
Total Liabilities			9,897,562				5,061,541				14,959,103
Fixed Assets, Net			14,586,879				424,872				15,011,751

CONSOLIDATED STATEMENT OF OPERATIONS		YEAR ENDED JANUARY 31, 2018
		Hotel Operations & Corporate Overhead				IBC Hospitality				Total
Total Revenue		$	9,319,467			$	1,448,125			$	10,767,592
Loss From Continuing Operations			(731,888	)			(2,382,919	)			(3,114,807	)

CONSOLIDATED BALANCE SHEET		YEAR ENDED JANUARY 31, 2017
		Hotel Operations & Corporate Overhead				IBC Developments				Total
Total Assets		$	20,708,359			$	1,464,473			$	22,172,832
Total Liabilities			15,280,624				3,266,959				18,547,583
Fixed Assets, Net			13,471,799				222,469				13,694,268

CONSOLIDATED STATEMENT OF OPERATIONS		YEAR ENDED JANUARY 31, 2017
		Hotel Operations & Corporate Overhead				IBC Hospitality				Total
Total Revenue		$	8,488,387			$	708,792			$	9,197,179
Loss From Continuing Operations			(1,165,554	)			(1,189,913	)			(2,355,467	)

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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