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FEDERAL INCOME TAXES (Tables) | 12 Months Ended
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Jan. 31, 2024
Income Tax Disclosure [Abstract] |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | Total and net deferred income tax assets at January 31, SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2024 |  |  | 2023 |
Net operating loss carryforwards |  | $ | 2,113,926 |  |  | $ | 1,432,100 |
Bad debt allowance |  |  | - |  |  |  | - |
Accrued expenses |  |  | (2,622 | ) |  |  | (1,000 | )
Syndications |  |  | 2,923,000 |  |  |  | 2,923,000 |
Prepaid insurance |  |  | 64,963 |  |  |  | 32,159 |
Alternative minimum tax credit |  |  | 51,000 |  |  |  | 51,000 |
Total deferred tax asset |  |  | 5,150,267 |  |  |  | 4,437,259 |
Deferred income tax liability associated with book/tax |  |  | (1,848,478 | ) |  |  | (1,877,544 | )
Net deferred income tax asset |  |  | 3,301,790 |  |  |  | 2,559,715 |
Valuation Allowance |  |  | (3,301,790 | ) |  |  | (2,559,715 | )
Net deferred income tax |  |  | - |  |  |  | - |
SCHEDULE OF INCOME TAX PROVISION | Income taxes for the year ended January 31, SCHEDULE OF INCOME TAX PROVISION
|  | 2024 |  |  | 2023 |
Current income tax provision (benefit) |  |  | (100 | ) |  |  | (93,497 | )
Deferred income tax provision (benefit) |  |  | (213,744 | ) |  |  | 165,631 |
Change in valuation allowance |  |  | 213,744 |  |  |  | (165,631 | )
Net income tax expense (benefit) |  |  | (100 | ) |  |  | (93,497 | )
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION | The differences between the statutory and effective tax rates are as follows for the year ended January 31, SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION
|  | Amount |  |  | Percent |
|  | 2024 |
|  | Amount |  |  | Percent |
Federal statutory rates |  | $ | (236,478 | ) |  |  | 21 | %
State income taxes |  |  | (58,727 | ) |  |  | 5 | %
Change in valuation allowance |  |  | (213,700 | ) |  |  | 19 | %
True-up in prior year returns |  |  | - |  |  |  | 0 | %
Effective Rate |  |  | - |  |  |  | 45 | %
The differences between the statutory and effective tax rates are as follows for the year ended January 31,
|  | Amount |  |  | Percent |
|  | 2023 |
|  | Amount |  |  | Percent |
Federal statutory rates |  | $ | 159,518 |  |  |  | 21 | %
State income taxes |  |  | (39,615 | ) |  |  | 5 | %
Change in valuation allowance |  |  | 165,600 |  |  |  | -22 | %
True-up in prior year returns |  |  | - |  |  |  | 0 | %
Effective Rate |  |  | - |  |  |  | 4 | %

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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