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Segment Reporting

3 Months Ended

Apr. 30, 2018

Segment Reporting [Abstract]

Segment Reporting

10. SEGMENT REPORTING

The Trust determined that its reportable segments are the Hotel Operations & Corporate Overhead and IBC Hospitality 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.

Information relative to the Trust’s reportable segments for operations, for which there is no intersegment revenues, is as follows:

CONSOLIDATED BALANCE SHEET		PERIOD ENDED APRIL 30, 2018
		Hotel Operations & Corporate Overhead				IBC Developments				Total
Total Assets		$	21,599,845			$	976,940			$	22,576,785
Total Liabilities			10,690,893				4,491,073				15,181,966
Fixed Assets, Net			14,352,396				425,321				14,777,717

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		THREE MONTHS ENDED APRIL 30, 2018
		Hotel Operations & Corporate Overhead				IBC Hospitality				Total
Total Revenue		$	3,130,320			$	344,960			$	3,475,280
Operating Income (Loss)			429,592				(545,872	)			(116,280	)

CONSOLIDATED STATEMENT OF OPERATIONS		THREE MONTHS ENDED APRIL 30, 2017
		Hotel Operations & Corporate Overhead				IBC Hospitality				Total
Total Revenue		$	2,809,592			$	244,209			$	3,053,801
Operating Income (Loss)			383,230				(314,668	)			68,562

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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