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LEASES (Tables)
 3 Months Ended
Apr. 30, 2022
Lessee, Lease, Description [Line Items]  
SCHEDULE OF LEASE COSTS

The following table presents the Trust’s lease costs for the three months ended April 30, 2022:

 

   Three Months Ended 
   April 30, 2022 
Operating Lease Costs:     
Operating lease cost*   52,558 

 

*Short term lease costs were immaterial.
SCHEDULE OF CASH FLOW INFORMATION

Supplemental cash flow information is as follows:

 

   Three Months Ended 
   April 30, 2022 
     
Cash paid for amounts included in the measurement of lease liabilities:     
Operating cash flows from operating leases  $5,027 
      
Lease obligations:     
Operating leases, net  $2,274,647 
Long-term obligations  $2,272,811 
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, 2022 
Operating leases   35 
      
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, 2022 are as follows:

 

2   1 
For the Years Ending January 31,    
2023  $84,087 
2024   112,116 
2025   112,116 
2026   112,116 
2027   112,116 
Thereafter   4,927,079 
Total minimum lease payments  $5,459,630 
Less: amount representing interest   3,184,983 
Total present value of minimum payments   2,274,647 
Less: current portion  $1,836 
Long term portion of operating lease liability   2,272,811 
Finance Leases [Member]  
Lessee, Lease, Description [Line Items]  
SCHEDULE OF LEASE COSTS

The following table presents the Company’s lease costs for the three months ended April 30, 2022:

 

   Three Months Ended 
   April 30, 2022 
Finance Lease Costs:     
Amortization of right-of-use assets  $6,937 
Interest on lease obligations   603 
SCHEDULE OF CASH FLOW INFORMATION

Supplemental cash flow information is as follows:

 

   Three Months Ended 
   April 30, 2022 
     
Cash paid for amounts included in the measurement of lease liabilities:     
Operating cash flows from finance leases  $(241)
      
Lease obligations:     
Finance leases, net  $

44,940

 
Long-term obligations  $15,344 
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, 2022 
Finance leases   2 
      
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 April 30, 2022 are as follows:

 

2   2 
For the Years Ending January 31,    
2023   23,343 
2024   23,343 
Total minimum lease payments  $

46,686

 
Less: amount representing interest   

1,746

 
Total present value of minimum payments   

44,940

 
Less: current portion  $29,596 
Long term portion of finance lease liability   15,344