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Leases (Tables)
 3 Months Ended
Apr. 30, 2020
Operating Leases [Member]  
Schedule of Lease Costs

The following table presents the Company’s lease costs for the three months ended April 30, 2020:

 

    Three Months  
    Ended  
    30-Apr-20  
Operating Lease Costs:        
Operating lease cost*   $ 55,000  

 

* Short term lease costs were immaterial.
Schedule of Cash Flow Information

Supplemental cash flow information is as follows:

 

    Three Months  
    Ended  
    30-Apr-20  
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 41,850  
         
Right-of-use assets obtained in exchange for lease obligations:        
Operating leases, net   $ 2,301,461  
Long-term obligations   $ 2,240,427  
Schedule of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates were as follows:

 

Weighted average remaining lease term (years)   April 30, 2020  
Operating leases     37.5  
         
Weighted average discount rate        
Operating leases     4.85 %
Schedule of Future Minimum Rental Payments for Operating Lease and Finance Lease

The aggregate future lease payments for Operating Lease Liability as of April 30, 2020 are as follows:

 

For the Years Ending January 31,      
Remaining in 2021   $ 126,930  
2022     172,177  
2023     148,348  
2024     112,116  
2025     121,459  
Thereafter     5,151,311  
Total minimum lease payments   $ 5,822,998  
Less: amount representing interest     3,143,792  
Total present value of minimum payments     2,409,207  
Less: current portion   $ 168,780  
Long term portion of operating lease liability     2,240,427  
Finance Leases [Member]  
Schedule of Lease Costs

The following table presents the Company’s lease costs for the three months ended April 30, 2020:

 

    Three Months  
    Ended  
    30-Apr-20  
Finance Lease Costs:        
Amortization of right-of-use assets   $ 6,937  
Interest on lease obligations     1,265  
Schedule of Cash Flow Information

Supplemental cash flow information is as follows:

 

    Three Months  
    Ended  
    30-Apr-20  
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from finance leases   $ 7,781  
         
Right-of-use assets obtained in exchange for lease obligations:        
Finance leases, net   $ 97,120  
Long-term obligations   $ 68,880  
Schedule of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates were as follows:

 

Weighted average remaining lease term (years)   April 30, 2020  
Finance leases     3.75  
         
Weighted average discount rate        
Finance leases     4.85 %
Schedule of Future Minimum Rental Payments for Operating Lease and Finance Lease

The aggregate future lease payments for Finance Lease Liability as of April 30, 2020 are as follows:

 

For the Years Ending January 31,      
Remaining in 2021   $ 23,343  
2022     31,123  
2023     31,123  
2024     23,343  
2025     -  
Thereafter     -  
Total minimum lease payments   $ 108,932  
Less: amount representing interest     8,929  
Total present value of minimum payments     100,003  
Less: current portion   $ 31,123  
Long term portion of finance lease liability     68,880