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LEASES (Tables) | 6 Months Ended
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Jul. 31, 2021
Operating Leases [Member] |
Lessee, Lease, Description [Line Items] |
SCHEDULE OF LEASE COSTS | The following table presents the Company’s lease costs for the six months ended July 31, 2021: SCHEDULE OF LEASE COSTS
|  | Six Months Ended |
|  | July 31, 2021 |
Operating Lease Costs: |  |  |  |
Operating lease cost* |  |  | 100,174 |
* | Short term lease costs were immaterial.
SCHEDULE OF CASH FLOW INFORMATION | Supplemental cash flow information is as follows: SCHEDULE OF CASH FLOW INFORMATION
|  | Six Months Ended |
|  | July 31, 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 43,002 |
Lease obligations: |  |  |  |
Operating leases, net |  | $ | 2,341,098 |
Long-term obligations |  | $ | 2,295,144 |
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES | Weighted average remaining lease terms and discount rates were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES
Weighted average remaining lease term (years) |  | July 31, 2021 |
Operating leases |  |  | 37 |
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 July 31, 2021 are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE AND FINANCE LEASE
For the Years Ending July 31, |  |  |
2022 |  | $ | 86,821 |
2023 |  |  | 148,348 |
2024 |  |  | 112,116 |
2025 |  |  | 112,116 |
2026 |  |  | 112,116 |
Thereafter |  |  | 5,039,196 |
Total minimum lease payments |  | $ | 5,610,713 |
Less: amount representing interest |  |  | 3,269,615 |
Total present value of minimum payments |  |  | 2,341,098 |
Less: current portion |  | $ | 45,954 |
Long term portion of operating lease liability |  |  | 2,295,144 |
Finance Leases [Member] |
Lessee, Lease, Description [Line Items] |
SCHEDULE OF LEASE COSTS | The following table presents the Company’s lease costs for the six months ended July 31, 2021: SCHEDULE OF LEASE COSTS
|  | Six Months Ended |
|  | July 31, 2021 |
Finance Lease Costs: |  |  |  |
Amortization of right-of-use assets |  | $ | 13,874 |
Interest on lease obligations |  |  | 1,801 |
SCHEDULE OF CASH FLOW INFORMATION | Supplemental cash flow information is as follows: SCHEDULE OF CASH FLOW INFORMATION
|  | Six Months Ended |
|  | July 31, 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from finance leases |  | $ | 13,874 |
Lease obligations: |  |  |  |
Finance leases, net |  | $ | 66,216 |
Long-term obligations |  | $ | 44,940 |
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES | Weighted average remaining lease terms and discount rates were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES
Weighted average remaining lease term (years) |  | July 31, 2021 |
Finance leases |  |  | 2.25 |
Weighted average discount rate |  |  | 4.85 | %
Finance leases |  |  |  |
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE AND FINANCE LEASE | The aggregate future lease payments for Finance Lease Liability as of July 31, 2021 are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE AND FINANCE LEASE
For the Years Ending July 31, |  |  |
2022 |  |  | 15,562 |
2023 |  |  | 31,123 |
2024 |  |  | 24,202 |
Total minimum lease payments |  | $ | 70,887 |
Less: amount representing interest |  |  | 4,671 |
Total present value of minimum payments |  |  | 66,216 |
Less: current portion |  | $ | 21,276 |
Long term portion of finance lease liability |  |  | 44,940 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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