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Other Intangible Assets, Net
 12 Months Ended
Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS, NET

NOTE 3 - OTHER INTANGIBLE ASSETS, NET

 

A summary of other intangible assets follows:

 

      January 31, 2021 
   Estimated Life  Gross Carrying Amount   Accumulated Amortization   Net carrying amount 
Patents   10 Years  $2,387,328   $(1,128,997)  $1,258,331 
Trademarks   3 Years   1,239,334    (980,633)   258,701 
Other intangibles   5 Years   839,737    (839,737)   
-
 
Total     $4,466,399   $(2,949,367)  $1,517,032 

 

      February 2, 2020 
   Estimated Life  Gross Carrying Amount   Accumulated Amortization   Net carrying amount 
Patents  10 Years  $1,965,794   $(846,898)  $1,118,896 
Trademarks  3 Years   982,800    (749,535)   233,265 
Other intangibles  5 Years   839,737    (839,737)   
-
 
Total     $3,788,331   $(2,436,170)  $1,352,161 

 

Amortization expense on other intangible assets was $513,197 in fiscal 2021 and $263,842 in fiscal 2020.

 

Expected amortization expense by fiscal year for these other intangible assets follows:

 

2022  $281,527 
2023   227,727 
2024   190,365 
2025   156,028 
2026   155,027 
Thereafter   506,358 
   $1,517,032