XML 42 R33.htm IDEA: XBRL DOCUMENT v3.23.1
LEASES (Tables)
 3 Months Ended
Apr. 30, 2023
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, 2023:

 

   Three Months Ended 
   April 30, 2023 
Operating Lease Costs:     
Operating lease cost*   22,660 

 

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

Supplemental cash flow information is as follows:

  

   Three Months Ended 
   April 30, 2023 
     
Cash paid for amounts included in the measurement of lease liabilities:     
Operating cash flows from operating leases  $(1,530)
      
Lease obligations:     
Operating leases, net  $2,271,681 
Long-term obligations  $2,247,067 
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, 2023 
Finance leases   1 
      
Weighted average discount rate   4.85%
Finance leases     
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE

The aggregate future lease payments for Operating Lease Liability as of April 30, 2023 are as follows:

 

For the Years Ending April 30,    
2024  $100,757 
2025   134,355 
2026   134,367 
2027   134,379 
2028   

134,391

 
Thereafter   4,125,252 
Total minimum lease payments  $4,763,501 
Less: amount representing interest   2,491,820 
Total present value of minimum payments   2,271,681 
Less: current portion  $24,614 
Long term portion of operating lease liability   2,247,067 
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, 2023:

 

   Three Months Ended 
   April 30, 2023 
Finance Lease Costs:     
Amortization of right-of-use assets  $13,874 
Interest on lease obligations   218 
SCHEDULE OF CASH FLOW INFORMATION

Supplemental cash flow information is as follows:

 

   Three Months Ended 
   April 30, 2023 
     
Cash paid for amounts included in the measurement of lease liabilities:     
Operating cash flows from finance leases  $(815)
      
Lease obligations:     
Finance leases, net  $12,812 
Long-term obligations  $0 
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, 2023 
Operating leases   34 
      
Weighted average discount rate Operating leases   4.85%
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR FINANCE LEASE

The aggregate future lease payments for Finance Lease Liability as of April 30, 2023 are as follows:

 

     
For the Years Ending January 31,    
2024   13,030 
Total minimum lease payments  $13,030 
Less: amount representing interest   218 
Total present value of minimum payments   12,812 
Less: current portion  $12,812 
Long term portion of finance lease liability   0