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Intangibles, net

12 Months Ended

Jan. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles, net

Note 5 – Intangibles, net

Intangibles, net consisted of the following at January 31, 2023:

Schedule of Intangibles Assets

		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Weighted Average Remaining Life (years)
Software		$	87,639			$	(87,639	)		$	-				-
Customer relationships			1,862,000				(409,776	)			1,452,224				3.41
Tradename and trademarks			79,000				(28,714	)			50,286				1.91
		$	2,028,639			$	(526,129	)		$	1,502,510

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 years ended January 31, 2023 and January 31, 2022 was $482,469 and $43,660, respectively.

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


2024		$	402,133
2025			400,782
2026			374,216
2027			325,379
Total		$	1,502,510