Notes Payable and Notes Receivable - Related Party	6 Months Ended
Jul. 31, 2020
Notes Payable And Notes Receivable - Related Party
Notes Payable and Notes Receivable - Related Party	7. NOTES PAYABLE AND NOTES RECEIVABLE – RELATED PARTY On December 1, 2014, the Trust entered a Demand/Revolving Line of Credit/Promissory Note with Rare Earth Financial, LLC, an entity which is wholly owned by Mr. Wirth and his family members. The Demand/Revolving Line of Credit/Promissory Note, as amended on June 19, 2017, bears interest at 7.0% per annum for both a payable and receivable, is interest only quarterly matures on August 24, 2021, and renews annually each calendar year. No prepayment penalty exists on the Demand/Revolving Line of Credit/Promissory Note. The balance fluctuates significantly through the period. The Demand/Revolving Line of Credit/Promissory Note has a net maximum borrowing/lending capacity of $1,000,000. As of July 31, 2020, and January 31, 2020, the Trust had an amount receivable of approximately $0. During the three months ended July 31, 2020 and 2019, the Trust accrued approximately $0 and $3,632, respectively, of interest income.

Notes Payable and Notes Receivable - Related Party

6 Months Ended

Jul. 31, 2020

Notes Payable And Notes Receivable - Related Party

Notes Payable and Notes Receivable - Related Party

7. NOTES PAYABLE AND NOTES RECEIVABLE – RELATED PARTY

On December 1, 2014, the Trust entered a Demand/Revolving Line of Credit/Promissory Note with Rare Earth Financial, LLC, an entity which is wholly owned by Mr. Wirth and his family members. The Demand/Revolving Line of Credit/Promissory Note, as amended on June 19, 2017, bears interest at 7.0% per annum for both a payable and receivable, is interest only quarterly matures on August 24, 2021, and renews annually each calendar year. No prepayment penalty exists on the Demand/Revolving Line of Credit/Promissory Note. The balance fluctuates significantly through the period. The Demand/Revolving Line of Credit/Promissory Note has a net maximum borrowing/lending capacity of $1,000,000. As of July 31, 2020, and January 31, 2020, the Trust had an amount receivable of approximately $0. During the three months ended July 31, 2020 and 2019, the Trust accrued approximately $0 and $3,632, respectively, of interest income.