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Intangibles, net
 6 Months Ended
Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles, net

Note 5 – Intangibles, net

 

Intangibles, net consisted of the following at July 31, 2022:

  

Gross

Carrying Amount

   Accumulated Amortization   Net Carrying Amount  

Weighted

Average

Remaining
Life

 
Software  $87,639   $(38,045)  $49,594    0.58 
Customer relationships   1,862,000    (220,331)   1,641,669    4.38 
Tradename and trademarks   79,000    (15,440)   63,560    2.41 
   $2,028,639   $(273,816)  $1,754,823      

 

Intangibles, net consisted of the following at January 31, 2022:

 

  

Gross

Carrying Amount

   Accumulated Amortization   Net Carrying Amount   Weighted Average Remaining
Life		 
Software  $87,639   $(7,303)  $80,336    2.91 
Customer relationships   1,862,000    (33,976)   1,828,024    4.87 
Tradename and trademarks   79,000    (2,381)   76,619    2.91 
   $2,028,639   $(43,660)  $1,984,979      

 

Amortization expense for the three and six months ended July 31, 2022 was $116,986 and $230,156, respectively.

 

We expect the estimated aggregate amortization expense for each of the five succeeding fiscal years to be as follows:

 

     
2023 (remaining)  $252,314 
2024   402,133 
2025   400,782 
2026   374,216 
2027   325,378 
Total  $1,754,823