Leases (Tables)

3 Months Ended

Apr. 30, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

	Three Months Ended April 30, 2019
Finance leases:
Depreciation of assets		16,567
Interest on lease liabilities		7,167
Operating leases		62,991
Short-term lease		2,087
Total net lease cost	$	88,812

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	April 30, 2019
Operating leases:
Operating lease ROU assets	$	1,589,172
Current operating lease liabilities, included in current liabilities	$	91,038
Noncurrent operating lease liabilities, included in long-term liabilities		1,498,941
Total operating lease liabilities	$	1,589,979
Finance leases:
Property and equipment, at cost	$	297,416
Accumulated depreciation		73,840
Property and equipment, net	$	223,576
Current obligations of finance leases, included in current portion of long-term debt	$	55,850
Finance leases, net of current obligations, included in long-term debt		200,449
Total finance lease liabilities	$	256,299

Schedule of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to leases was as follows:

	Three Months Ended April 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	807
Financing cash flows from finance leases		14,121
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	1,599,830
Finance leases		54,163

Weighted average remaining lease term (in years):
Operating leases	9.7
Finance leases	3.2
Weighted average discount rate:
Operating leases	6.54	%
Finance leases	7.17	%

Schedule of Future Minimum Payments Required Under Lease Obligations

Total future minimum payments required under the lease obligations as of April 30, 2019 are as follows:

Twelve Months Ending April 30,
2020	$	306,164
2021		307,166
2022		348,420
2023		228,331
2024		213,007
Thereafter		1,041,663
Total lease payments	$	2,444,751
Less: amounts representing interest		(608,887	)
Total lease obligations	$	1,835,864