Trademark License Agreements (Tables)

3 Months Ended

Apr. 30, 2013

Notes to Financial Statements

Schedule of license agreements

Note 4. Trademark License Agreements

	April 30, 2013			January 31, 2013
License Agreement	$	705,667		$	766,000
Impairment		—			(36,000)
Accumulated amortization		(12,166	)		(24,333)
License Agreement, net		693,501			705,667

Schedule of amortization expense

The amortization period is fifteen years. Amortization expense consists of the following:
	Three Months Ended April 30,
	2013			2012
License Agreement	$	(12,166	)	$	—
Total License Agreement Amortization Expense	$	(12,166	)	$	—

Schedule of future amortization expense

The following table shows the estimated amortization expense for those assets for the remaining current fiscal year, each of the four succeeding fiscal years and thereafter.

Years Ending January 31,
2014	$	36,501
2015		48,667
2016		48,667
2017		48,667
2018		48,667
Thereafter		462,332
Total	$	693,501