Leases (Tables)

9 Months Ended

Oct. 31, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

	Nine Months Ended October 31, 2019
Finance leases:
Depreciation of assets	$	74,354
Interest on lease liabilities		22,227
Operating leases		194,116
Short-term lease		7,653
Total net lease cost	$	298,350

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	October 31, 2019
Operating leases:
Operating lease ROU assets	$	1,524,083
Current operating lease liabilities, included in current liabilities	$	126,546
Noncurrent operating lease liabilities, included in long-term liabilities		1,403,187
Total operating lease liabilities	$	1,529,733
Finance leases:
Property and equipment, at cost	$	550,269
Accumulated depreciation		131,266
Property and equipment, net	$	419,003
Current obligations of finance leases, included in current portion of long-term debt	$	102,937
Finance leases, net of current obligations, included in long-term debt		343,324
Total finance lease liabilities	$	446,261

Schedule of Supplemental Cash Flow and Other Information Related to Leases

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

	Nine Months Ended October 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	70,097
Financing cash flows from finance leases		63,475
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	1,599,830
Finance leases		93,479
Weighted average remaining lease term (in years):
Operating leases		8.8
Finance leases		3.8
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 October 31, 2019 are as follows:

Twelve Months Ending October 31,
2020	$	354,898
2021		361,960
2022		360,511
2023		272,345
2024		257,720
Thereafter		935,731
Total lease payments	$	2,543,165
Less: amounts representing interest		(595,167	)
Total lease obligations	$	1,947,998