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Intangible Assets, Goodwill and Impairment

12 Months Ended

Jan. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Goodwill and Impairment

8. INTANGIBLE ASSETS, GOODWILL AND IMPAIRMENT

Intangible Assets

For the fiscal year ending January 31, 2019, the Trust has no intangible assets.

For the fiscal year ending January 31, 2018, intangible assets consisted of the following, all related to the IBC Technology segment which was sold in fiscal year 2019:

						Fiscal Year January 31, 2018 Impairment				Fiscal year 1/31/2018 Accumulated								Useful Lives
		Amount				Expense				Amortization				Net Amount				(years)
Marketing Related Intangibles		$	100,000			$	90,000			$	10,000			$	-				10
Customer Base			400,000				343,000				57,000				-				7
Total:		$	500,000			$	433,000			$	67,000			$	-

The Trust recorded amortization of intangibles of approximately $433,000 for the year ended January 31, 2018.

Goodwill

For the fiscal year ending January 31, 2019, the Trust has no goodwill.

The changes in the carrying value of the Trust’s goodwill for the year ended January 31, 2018 is as follows:

Beginning Balance January 31, 2017			500,000
Impairment			(500,000	)
Ending Balance January 31, 2018		$	-

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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