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Leases (Tables)
 12 Months Ended
Jan. 31, 2020
Leases [Abstract]  
Schedule of Lease Costs

The Company’s lease costs recognized in the Consolidated Statement of Income consist of the following:

 

    Fiscal Year Ended January 31, 2020  
Operating lease cost   $ 2,225,113  
         
Finance lease cost:        
Amortization of right-of-use assets     27,749  
Interest on lease obligations     5,835  
Schedule of Other Lease Information

Other lease information is as follows:

 

    Fiscal Year Ended January 31, 2020  
       
Cash paid for amounts included in measurement of lease obligations:        
Operating cash flows from operating leases   $ 165,573  
Operating cash flows from finance leases     31,123  
         
Right of use assets obtained in exchange for lease liabilities        
Operating leases   $ 2,274,551  
Finance leases     104,058  
         
Weighted-average remaining lease term - operating leases     37.7 years  
Weighted-average remaining lease term - finance leases     3.75 years  
Weighted-average discount rate - operating leases     4.85 %
Weighted-average discount rate - finance leases     4.85 %
Schedule of Aggregate Annual Lease Obligations of Operating Lease and Finance Lease

The aggregate annual lease obligations at January 31, 2020 are as follows:

 

Fiscal Year   Operating Leases     Finance Leases  
2021   $ 168,780     $ 31,123  
2022     172,177       31,123  
2023     148,348       31,123  
2024     112,116       23,343  
2025     112,116          
Thereafter     5,151,311          
Total undiscounted lease obligations     5,864,848       116,713  
                 
Less imputed interest     (3,443,105 )     (10,194.49 )
Net lease obligations   $ 2,421,744     $ 106,518  
Schedule of Future Minimum Rental Payments for Operating Lease and Finance Lease

As of January 31, 2019, prior to the adoption of ASC 842, future minimum lease payments under operating leases having initial or non-cancellable lease terms in excess of one year were as follows:

 

Years ending January 31,   Operating Leases     Finance Leases  
2020     200,817       31,123  
2021     200,817       31,123  
2022     200,817       31,123  
2023     182,328       31,123  
2024     145,348       23,343  
Thereafter     5,051,449       -  
                 
Total future minimum lease payments     5,981,578       147,836