Intangibles, net

12 Months Ended

Jan. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles, net

Note 5 – Intangibles, net

Intangibles, net consisted of the following at January 31, 2022:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Life
Software	$	87,639	$	(7,303	)	$	80,336		2.91
Customer relationships		1,862,000		(33,976	)		1,828,024		4.87
Tradename and trademarks		79,000		(2,381	)		76,619		2.91
	$	2,028,639	$	(43,660	)	$	1,984,979

Amortization expense for the year ended January 31, 2022 was $43,660.

We expect the estimated aggregate amortization expense for each of the five succeeding fiscal years to be as follows:

2023	$	431,346
2024	$	431,346
2025	$	422,632
2026	$	374,216
2027	$	325,378