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Business Acquisitions (Tables)

6 Months Ended

Jul. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Pro-forma Combined Results of Operation

The following presents the unaudited pro-forma combined results of operations for the three and six months ended July 31, 2021 of T&L and OB with the Company as if the entities were combined on February 1, 2021.

 Schedule of Pro-forma Combined Results of Operation

		For the Three Months Ended July 31, 2021				For the Six Months Ended July 31, 2021
Revenues		$	19,926,213			$	36,036,435
Net income		$	771,983			$	1,419,782
Net income per share - basic		$	0.02			$	0.04
Weighted average number of shares outstanding			35,697,568				35,660,440

Schedule of Asset Acquired and Liabilities Assumed

The following summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date:

 Schedule of Asset Acquired and Liabilities Assumed

Assets:
Cash		$	591,458
Accounts receivable			2,715,515
Inventories			1,221,055
Fixed assets, net			503,907
Intangibles			10,574,334
Total identified assets acquired		$	15,606,269

Liabilities:
Accounts payable and accrued expenses		$	1,606,269
Total liabilities assumed			1,606,269
Total net assets acquired		$	14,000,000

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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