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Property and Equipment
 12 Months Ended
Jan. 31, 2022
Property and Equipment

7. Property and Equipment

 

Cost    

 

Computer

Equipment

$

 

 

Equipment

$

 

 

Leasehold

Improvements

$

 

 

Security

System

$

 

 

Total

$

 

 

 

 

 

 

 

 

 

 

 

Balance, January 31, 2019

 

 

–

 

 

 

5,307

 

 

 

–

 

 

 

–

 

 

 

5,307

 

Additions

 

 

7,349

 

 

 

65,698

 

 

 

200,084

 

 

 

269,611

 

 

 

542,742

 

Impairment

 

 

–

 

 

 

(5,213)

 

 

–

 

 

 

–

 

 

 

(5,213)

Effect of foreign exchange rate changes

 

 

–

 

 

 

(94)

 

 

–

 

 

 

–

 

 

 

(94)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 31, 2020

 

 

7,349

 

 

 

65,698

 

 

 

200,084

 

 

 

269,611

 

 

 

542,742

 

Addition

 

 

–

 

 

 

10,153

 

 

 

–

 

 

 

–

 

 

 

10,153

 

Acquisition (Note 6(b))

 

 

–

 

 

 

44,553

 

 

 

–

 

 

 

–

 

 

 

44,553

 

Impairment (Notes 5(b) and 5(c))

 

 

(7,349)

 

 

(77,098)

 

 

(200,084)

 

 

(269,611)

 

 

(554,143)

Effect of foreign exchange rate changes

 

 

–

 

 

 

1,247

 

 

 

–

 

 

 

–

 

 

 

1,247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 31, 2022

and 2021

 

 

–

 

 

 

44,553

 

 

 

–

 

 

 

–

 

 

 

44,553

 

 

Accumulated Depreciation      

 

Computer

Equipment

$

 

 

Equipment

$

 

 

Leasehold

Improvements

$

 

 

Security

System

$

 

 

Total

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 31, 2019

 

 

–

 

 

 

1,145

 

 

 

–

 

 

 

–

 

 

 

1,145

 

Depreciation

 

 

306

 

 

 

2,615

 

 

 

–

 

 

 

–

 

 

 

2,921

 

Impairment

 

 

–

 

 

 

(1,312)

 

 

–

 

 

 

–

 

 

 

(1,312)

Effect of foreign exchange rate changes

 

 

–

 

 

 

(257)

 

 

–

 

 

 

–

 

 

 

(257)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 31, 2020

 

 

306

 

 

 

2,191

 

 

 

–

 

 

 

–

 

 

 

2,497

 

Depreciation

 

 

2,756

 

 

 

22,393

 

 

 

–

 

 

 

–

 

 

 

25,149

 

Impairment (Notes 5(b) and 5(c))

 

 

(3,062)

 

 

(16,926)

 

 

–

 

 

 

–

 

 

 

(19,988)

Effect of foreign exchange rate changes

 

 

–

 

 

 

24

 

 

 

–

 

 

 

–

 

 

 

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 31, 2021

 

 

–

 

 

 

7,682

 

 

 

–

 

 

 

–

 

 

 

7,682

 

Depreciation

 

 

–

 

 

 

18,436

 

 

 

–

 

 

 

–

 

 

 

18,436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 31, 2022

 

 

–

 

 

 

26,118

 

 

 

–

 

 

 

–

 

 

 

26,118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value, January 31, 2022

 

 

–

 

 

 

18,435

 

 

 

–

 

 

 

–

 

 

 

18,435

 

Net book value, January 31, 2021

 

 

–

 

 

 

36,871

 

 

 

–

 

 

 

–

 

 

 

36,871

 

Net book value, January 31, 2020

 

 

7,043

 

 

 

63,507

 

 

 

200,084

 

 

 

269,611

 

 

 

540,245

 

 

During the year ended January 31, 2021, pursuant to signing of the share purchase agreement for the sale of Pivot (Note 5(b)) and the shift in strategic focus (Note 5(c)), the Company impaired property and equipment totaling $534,155, which has been recorded within gain (loss) on sale/abandonment of assets, net in the consolidated statements of comprehensive loss.