ivhtravel.com and its proprietary booking engine has over 1.1 million lodging choices globally and provides add-on capability for activities , rental car and cancellation protection with airfare , all on the technologically developed roadmap in 2019. ibc was born out of an independent hotelier 's frustration over being denied cost-effective access to enterprise hospitality services and software that served their large corporate competitors coupled with the inability to secure a global and robust guest loyalty program . instead of giving up independence , the founders of ibc hired a development team to create the patent-pending inndependent inncentives guest loyalty program . with the success of the patent-pending inncentives loyalty program ibc began adding hotel services and software specifically for independent and boutique hotels . these solutions address the following challenges : revpar and profitability optimization , operational management and soft brand benefits . revpar , or revenue per available room , is a hospitality performance metric that is calculated by dividing a hotels total guestroom revenue by the room count and the number of days in the period being measured or by multiplying the average daily rate by the occupancy . our technology division is broken into two business lines , international vacation hotels travel ( “ ivh ” ) and ibc hospitality technologies . each of these divisions customer base is very different , and the services provided to each customer base ranges dramatically . international vacation hotels travel ( “ ivh ” ) transactional business to consumer ( “ b-to-c ” ) a. ivh collect – ivh will charge the guests in full on booking and remit the payments to the hotel for all completed stays for rates contracted less the agreed upon commission . wire and ach fees will be paid by the hotel as applicable . b. hotel collect – the hotel will charge the guests in full upon arrival and ivh will invoice the hotel at the end of each month the agreed upon commission for the hotel guest stays completed . c. split – guest pays deposit to ivh equal to the commission , provides credit card details and pays the balance to the member upon arrival . in each of the above b-to-c revenue streams , ivh provides a proprietary internet website or customized proprietary internet landing pages for each of the hotel properties . ivh 's customer base is the guests who are booking the reservations , not the hotels that are contracted with ibc . guests go to ibc 's managed webpages to ultimately purchase their hotel accommodations using the proprietary ibc booking engine or visit www.ivhtravel.com or www.ibcinncentives.com . ivh obtains the guests from a variety of demand channels including direct marketing , retargeting , meta sites and direct internet searches . guests typically book their travel accommodations on either the home page of www.ivhtravel.com or www.ibcinncentives.com a customized landing page for meta-mid funnel reservations . when guests book using the proprietary ibc booking engine either directly on ivhtravel.com or a customized landing page or website or www.ibcinncentives.com or white label solution , ivh is the merchant of record . a merchant of record is the organization that assumes the overall liability and risk of the transaction and the financial institution holds the merchant of record liable to process the payments correctly from our guests . per the network requirements , guests must be well aware that they are purchasing from ivh as our website branding , customized guest confirmations , reminder guest email communications , logos , privacy information , terms of use all must be clearly describing ibc/ivh policies including 24-hour reservations support . additionally , fraud is a significant issue in the online hospitality industry . fraud primarily occurs when a person uses a stolen credit card or in a card not present environment . people often take time between losing a card or having one stolen , often thinking it will be found shortly . this vulnerable period gives thieves an opportunity to make several purchases before the card is cancelled . especially in a card not present environment similar to ivh/ibc 's environment , this is when a criminal uses the phone or an online website and manually gives the credit card information . this type of transaction is more vulnerable as there is no physical identification verification . 9 in addition , as a value-added service , ivh provides a 24/7/365 reservation service line ( 602-870-6929 ) where guests can call , email or chat via their website with a reservations agent to answer any questions about the accommodations or reservation . inquiries are generated from either the confirmation details provided to the guest or our website which lists our phone number , email and chat services . these inquires go directly to our ivh reservation service line , not the individual hotel properties . ibc business to business ( “ b-to-b ” ) ibc is a technology solutions provider to the global travel and tourism industry . ibc spans the breadth of the global travel ecosystem , providing key software and services to a broad range of travel suppliers and travel buyers . one of the main significant differences between our ibc technologies division and our ivh business is that ibc technology division 's customer is the hotel property and not the guest . ibc 's customer base is the hotel properties , not the guests who are staying at the hotel properties . story_separator_special_tag hotel property depreciation expense decreased significantly as we sold our ontario , california property during the fiscal year ended january 31 , 2018. hotel property depreciation expenses decreased by approximately $ 130,000 from approximately $ 1,187,000 reported for the twelve months ended january 31 , 2018 compared with approximately $ 1,317,000 for the twelve months ended january 31 , 2017. in the fiscal year ending january 31 , 2018 , the trust recaptured the depreciation not recognized while the hotel properties were in the discontinued operations – assets held for sale reporting classification . real estate and personal property taxes , insurance ground rent expense decreased slightly by approximately $ 21,000 , or 4.1 % , to approximately $ 488,000 for the twelve months ended january 31 , 2018 compared to approximately $ 509,000 for the twelve months ended january 31 , 2017. interest expenses increased as we refinanced one of our hotel property mortgages and added debt to purchase iht stock and partnership units from related and third parties . interest expense increased by $ 167,000 to approximately $ 657,000 during the fiscal year ended january 31 , 2018 compared with approximately $ 490,000 during the fiscal year ended january 31 , 2017 . 14 income tax expenses was approximately $ 341,000 for the twelve months ended january 31 , 2018 , an increase of approximately $ 569,000 from the prior fiscal year income tax benefit of approximately $ 228,000. increases in the income tax expense was due to the overall increased consolidated net income from continued and discontinued operations net of sales of ownership interests in our properties primarily based on the taxable profits derived from the sale of our ontario , california property . sales of ownership interests in our properties for tax purposes are considered income but under generally accepted accounting principles ( “ gaap ” ) , they are considered an increase in the trusts ' equity . ibc development segment general and administrative expenses include overhead charges for management , accounting , reservations support staff and hotel onboarding . general and administrative expenses of approximately $ 1,348,000 for the twelve months ended january 31 , 2018 increased approximately $ 265,000 from approximately $ 1,083,000 for the twelve months ended january 31 , 2017 primarily due to increased bad debt expenses , credit card expenses , support staff and hotel onboarding costs significantly increased . sales and marketing expense includes consultants , internet advertising , tradeshows and sales commissions expenses which increased by approximately $ 410,000 , from approximately $ 639,000 for the twelve months ended january 31 , 2017 to approximately $ 1,049,000 for the twelve months ended january 31 , 2018. as reservations income increases , sales and marketing expenses increase in order to acquire additional guests to book on our website . in addition , management added significant amount of sales and marketing resources . reservation acquisition costs included amounts owed to hotels for prepaid reservations from august 2017 – january 2018 and were approximately $ 234,000. since we changed our accounting policy starting august 1 , 2017 to record prepaid reservations on a gross basis , no reservation acquisition costs are included in the fiscal year ending january 31 , 2017 and for the first six months of the fiscal year ending january 31 , 2018. starting february 1 , 2018 , we plan on recording prepaid reservations on a net basis . depreciation expenses increased by $ 25,000 to approximately $ 104,000 for the fiscal year ended january 31 , 2018 as compared with approximately $ 79,000 for the fiscal year ended january 31 , 2017. as the ibc technologies division develops and adds additional fixed assets , depreciation expenses increased . over the past several fiscal years , the trust has made significant investment in ibc hotels , including its investment in the purchase of international vacation hotels for $ 1 million in january 2016. in the fiscal year ending january 31 , 2017 , the trust incurred approximately $ 1 million net operating loss from ibc hotels . in the fiscal year ending january 31 , 2018 , ibc hotels lost approximately $ 1.6 million excluding the write-off of the intangible assets . after assessing the totality of events and circumstances including the historical losses and projected losses , the trust determined that it is more likely than not that the fair value of ibc hotels is less than its carrying value . accordingly , management has decided to write down the entire amount of $ 500,000 of goodwill as of january 31 , 2018. amortization expenses primarily consists of amortization of intangibles related to our purchase of international vacation hotels in january 2016. amortization expense significantly increased as management determined that assets were impaired as of january 31 , 2018 as the trust determined that it is more likely than not that the fair value of the intangibles was significantly less than its carrying value . for the fiscal year ended january 31 , 2018 , we had approximately $ 433,000 of amortization expense compared with $ 67,000 of amortization expense for the fiscal year ended january 31 , 2017. revenue – discontinuing operations hotel operations & corporate overhead segment on june 2 , 2017 , the trust sold its ontario , california hotel to an unrelated third party for approximately $ 17.5 million , which the trust received in cash . total gain on sale was approximately $ 11.4 million . for the fiscal year ended january 31 , 2018 , our ontario , california hotel had approximately $ 1,471,000 of revenue consisting of approximately $ 1.4 million of room and other revenues and approximately $ 65,000 of food and beverage revenues . for the fiscal year ended january 31 , 2017 , our ontario , california hotel had approximately $ 3.85 million in room and other revenues and approximately $ 164,000 of food and beverage revenues . we anticipated exceeding our room and food and

liquidity and capital resources overview – hotel operations & corporate overhead and ibc development segments our principal source of cash to meet our cash requirements , including distributions to our shareholders , is our share of the partnership 's cash flow , quarterly distributions from the albuquerque , new mexico and yuma , arizona properties and more recently , sales of non-controlling interests in certain of our hotels and the sale of hotel properties . the partnership 's principal source of revenue is hotel operations for the one hotel property it owns in tucson , arizona and the proceeds from the sale of the ontario , california property . our liquidity , including our ability to make distributions to our shareholders , will depend upon our ability , and the partnership 's ability , to generate sufficient cash flow from hotel operations and to service our debt . hotel operations are significantly affected by occupancy and room rates at the hotels . we anticipate occupancy and adr will be steady during this coming year ; capital improvements are expected to decrease from the prior year . with approximately $ 5,775,000 of cash and short term investments as of january 31 , 2018 and the availability of a $ 1,000,000 related party demand/revolving line of credit/promissory note and the availability of our two available advances to affiliate credit facilities for a total of $ 1,000,000 maximum borrowing capacity , we believe that we will have enough cash on hand to meet all of our financial obligations as they become due for at least the next twelve months from the issuance date of the these consolidated financial statements .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources overview – hotel operations & corporate overhead and ibc development segments our principal source of cash to meet our cash requirements , including distributions to our shareholders , is our share of the partnership 's cash flow , quarterly distributions from the albuquerque , new mexico and yuma , arizona properties and more recently , sales of non-controlling interests in certain of our hotels and the sale of hotel properties . the partnership 's principal source of revenue is hotel operations for the one hotel property it owns in tucson , arizona and the proceeds from the sale of the ontario , california property . our liquidity , including our ability to make distributions to our shareholders , will depend upon our ability , and the partnership 's ability , to generate sufficient cash flow from hotel operations and to service our debt . hotel operations are significantly affected by occupancy and room rates at the hotels . we anticipate occupancy and adr will be steady during this coming year ; capital improvements are expected to decrease from the prior year . with approximately $ 5,775,000 of cash and short term investments as of january 31 , 2018 and the availability of a $ 1,000,000 related party demand/revolving line of credit/promissory note and the availability of our two available advances to affiliate credit facilities for a total of $ 1,000,000 maximum borrowing capacity , we believe that we will have enough cash on hand to meet all of our financial obligations as they become due for at least the next twelve months from the issuance date of the these consolidated financial statements .
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 Suspicious Activity Report : ivhtravel.com and its proprietary booking engine has over 1.1 million lodging choices globally and provides add-on capability for activities , rental car and cancellation protection with airfare , all on the technologically developed roadmap in 2019. ibc was born out of an independent hotelier 's frustration over being denied cost-effective access to enterprise hospitality services and software that served their large corporate competitors coupled with the inability to secure a global and robust guest loyalty program . instead of giving up independence , the founders of ibc hired a development team to create the patent-pending inndependent inncentives guest loyalty program . with the success of the patent-pending inncentives loyalty program ibc began adding hotel services and software specifically for independent and boutique hotels . these solutions address the following challenges : revpar and profitability optimization , operational management and soft brand benefits . revpar , or revenue per available room , is a hospitality performance metric that is calculated by dividing a hotels total guestroom revenue by the room count and the number of days in the period being measured or by multiplying the average daily rate by the occupancy . our technology division is broken into two business lines , international vacation hotels travel ( “ ivh ” ) and ibc hospitality technologies . each of these divisions customer base is very different , and the services provided to each customer base ranges dramatically . international vacation hotels travel ( “ ivh ” ) transactional business to consumer ( “ b-to-c ” ) a. ivh collect – ivh will charge the guests in full on booking and remit the payments to the hotel for all completed stays for rates contracted less the agreed upon commission . wire and ach fees will be paid by the hotel as applicable . b. hotel collect – the hotel will charge the guests in full upon arrival and ivh will invoice the hotel at the end of each month the agreed upon commission for the hotel guest stays completed . c. split – guest pays deposit to ivh equal to the commission , provides credit card details and pays the balance to the member upon arrival . in each of the above b-to-c revenue streams , ivh provides a proprietary internet website or customized proprietary internet landing pages for each of the hotel properties . ivh 's customer base is the guests who are booking the reservations , not the hotels that are contracted with ibc . guests go to ibc 's managed webpages to ultimately purchase their hotel accommodations using the proprietary ibc booking engine or visit www.ivhtravel.com or www.ibcinncentives.com . ivh obtains the guests from a variety of demand channels including direct marketing , retargeting , meta sites and direct internet searches . guests typically book their travel accommodations on either the home page of www.ivhtravel.com or www.ibcinncentives.com a customized landing page for meta-mid funnel reservations . when guests book using the proprietary ibc booking engine either directly on ivhtravel.com or a customized landing page or website or www.ibcinncentives.com or white label solution , ivh is the merchant of record . a merchant of record is the organization that assumes the overall liability and risk of the transaction and the financial institution holds the merchant of record liable to process the payments correctly from our guests . per the network requirements , guests must be well aware that they are purchasing from ivh as our website branding , customized guest confirmations , reminder guest email communications , logos , privacy information , terms of use all must be clearly describing ibc/ivh policies including 24-hour reservations support . additionally , fraud is a significant issue in the online hospitality industry . fraud primarily occurs when a person uses a stolen credit card or in a card not present environment . people often take time between losing a card or having one stolen , often thinking it will be found shortly . this vulnerable period gives thieves an opportunity to make several purchases before the card is cancelled . especially in a card not present environment similar to ivh/ibc 's environment , this is when a criminal uses the phone or an online website and manually gives the credit card information . this type of transaction is more vulnerable as there is no physical identification verification . 9 in addition , as a value-added service , ivh provides a 24/7/365 reservation service line ( 602-870-6929 ) where guests can call , email or chat via their website with a reservations agent to answer any questions about the accommodations or reservation . inquiries are generated from either the confirmation details provided to the guest or our website which lists our phone number , email and chat services . these inquires go directly to our ivh reservation service line , not the individual hotel properties . ibc business to business ( “ b-to-b ” ) ibc is a technology solutions provider to the global travel and tourism industry . ibc spans the breadth of the global travel ecosystem , providing key software and services to a broad range of travel suppliers and travel buyers . one of the main significant differences between our ibc technologies division and our ivh business is that ibc technology division 's customer is the hotel property and not the guest . ibc 's customer base is the hotel properties , not the guests who are staying at the hotel properties . story_separator_special_tag hotel property depreciation expense decreased significantly as we sold our ontario , california property during the fiscal year ended january 31 , 2018. hotel property depreciation expenses decreased by approximately $ 130,000 from approximately $ 1,187,000 reported for the twelve months ended january 31 , 2018 compared with approximately $ 1,317,000 for the twelve months ended january 31 , 2017. in the fiscal year ending january 31 , 2018 , the trust recaptured the depreciation not recognized while the hotel properties were in the discontinued operations – assets held for sale reporting classification . real estate and personal property taxes , insurance ground rent expense decreased slightly by approximately $ 21,000 , or 4.1 % , to approximately $ 488,000 for the twelve months ended january 31 , 2018 compared to approximately $ 509,000 for the twelve months ended january 31 , 2017. interest expenses increased as we refinanced one of our hotel property mortgages and added debt to purchase iht stock and partnership units from related and third parties . interest expense increased by $ 167,000 to approximately $ 657,000 during the fiscal year ended january 31 , 2018 compared with approximately $ 490,000 during the fiscal year ended january 31 , 2017 . 14 income tax expenses was approximately $ 341,000 for the twelve months ended january 31 , 2018 , an increase of approximately $ 569,000 from the prior fiscal year income tax benefit of approximately $ 228,000. increases in the income tax expense was due to the overall increased consolidated net income from continued and discontinued operations net of sales of ownership interests in our properties primarily based on the taxable profits derived from the sale of our ontario , california property . sales of ownership interests in our properties for tax purposes are considered income but under generally accepted accounting principles ( “ gaap ” ) , they are considered an increase in the trusts ' equity . ibc development segment general and administrative expenses include overhead charges for management , accounting , reservations support staff and hotel onboarding . general and administrative expenses of approximately $ 1,348,000 for the twelve months ended january 31 , 2018 increased approximately $ 265,000 from approximately $ 1,083,000 for the twelve months ended january 31 , 2017 primarily due to increased bad debt expenses , credit card expenses , support staff and hotel onboarding costs significantly increased . sales and marketing expense includes consultants , internet advertising , tradeshows and sales commissions expenses which increased by approximately $ 410,000 , from approximately $ 639,000 for the twelve months ended january 31 , 2017 to approximately $ 1,049,000 for the twelve months ended january 31 , 2018. as reservations income increases , sales and marketing expenses increase in order to acquire additional guests to book on our website . in addition , management added significant amount of sales and marketing resources . reservation acquisition costs included amounts owed to hotels for prepaid reservations from august 2017 – january 2018 and were approximately $ 234,000. since we changed our accounting policy starting august 1 , 2017 to record prepaid reservations on a gross basis , no reservation acquisition costs are included in the fiscal year ending january 31 , 2017 and for the first six months of the fiscal year ending january 31 , 2018. starting february 1 , 2018 , we plan on recording prepaid reservations on a net basis . depreciation expenses increased by $ 25,000 to approximately $ 104,000 for the fiscal year ended january 31 , 2018 as compared with approximately $ 79,000 for the fiscal year ended january 31 , 2017. as the ibc technologies division develops and adds additional fixed assets , depreciation expenses increased . over the past several fiscal years , the trust has made significant investment in ibc hotels , including its investment in the purchase of international vacation hotels for $ 1 million in january 2016. in the fiscal year ending january 31 , 2017 , the trust incurred approximately $ 1 million net operating loss from ibc hotels . in the fiscal year ending january 31 , 2018 , ibc hotels lost approximately $ 1.6 million excluding the write-off of the intangible assets . after assessing the totality of events and circumstances including the historical losses and projected losses , the trust determined that it is more likely than not that the fair value of ibc hotels is less than its carrying value . accordingly , management has decided to write down the entire amount of $ 500,000 of goodwill as of january 31 , 2018. amortization expenses primarily consists of amortization of intangibles related to our purchase of international vacation hotels in january 2016. amortization expense significantly increased as management determined that assets were impaired as of january 31 , 2018 as the trust determined that it is more likely than not that the fair value of the intangibles was significantly less than its carrying value . for the fiscal year ended january 31 , 2018 , we had approximately $ 433,000 of amortization expense compared with $ 67,000 of amortization expense for the fiscal year ended january 31 , 2017. revenue – discontinuing operations hotel operations & corporate overhead segment on june 2 , 2017 , the trust sold its ontario , california hotel to an unrelated third party for approximately $ 17.5 million , which the trust received in cash . total gain on sale was approximately $ 11.4 million . for the fiscal year ended january 31 , 2018 , our ontario , california hotel had approximately $ 1,471,000 of revenue consisting of approximately $ 1.4 million of room and other revenues and approximately $ 65,000 of food and beverage revenues . for the fiscal year ended january 31 , 2017 , our ontario , california hotel had approximately $ 3.85 million in room and other revenues and approximately $ 164,000 of food and beverage revenues . we anticipated exceeding our room and food and

