Leases (Tables)

6 Months Ended

Jul. 31, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

	Six Months Ended July 31, 2019
Finance leases:
Depreciation of assets		47,009
Interest on lease liabilities		14,113
Operating leases		132,749
Short-term lease		5,566
Total net lease cost	$	199,437

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	July 31, 2019
Operating leases:
Operating lease ROU assets	$	1,556,873
Current operating lease liabilities, included in current liabilities	$	124,500
Noncurrent operating lease liabilities, included in long-term liabilities		1,432,372
Total operating lease liabilities	$	1,556,872
Finance leases:
Property and equipment, at cost	$	510,866
Accumulated depreciation		103,921
Property and equipment, net	$	406,945
Current obligations of finance leases, included in current portion of long-term debt	$	125,264
Finance leases, net of current obligations, included in long-term debt		313,946
Total finance lease liabilities	$	439,210

Schedule of Supplemental Cash Flow and Other Information Related to Leases

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

	Six Months Ended July 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	42,958
Financing cash flows from finance leases		31,213
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	1,599,830
Finance leases		254,166
Weighted average remaining lease term (in years):
Operating leases		9.0
Finance leases		3.9
Weighted average discount rate:
Operating leases		6.54	%
Finance leases		5.85	%

Schedule of Future Minimum Payments Required Under Lease Obligations

Total future minimum payments required under the lease obligations as of July 31, 2019 are as follows:

Twelve Months Ending July 31,
2020	$	350,693
2021		354,728
2022		371,686
2023		268,175
2024		252,288
Thereafter		988,697
Total lease payments	$	2,586,867
Less: amounts representing interest		(596,061	)
Total lease obligations	$	1,990,806