Leases (Tables)

12 Months Ended

Jan. 31, 2022

Leases

Schedule of Components of Lease Expense

The components of lease expense were as follows:

	For the Year Ended		For the Year Ended
	January 31, 2022		January 31, 2021
Finance lease
Depreciation of assets	$	145,066	$	129,104
Interest on lease liabilities		33,675		36,169
Operating leases		355,786		309,357
Total net lease cost	$	534,527	$	474,630

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	January 31, 2022			January 31, 2021
Operating leases:
Operating lease ROU assets	$	3,596,317		$	1,352,483
Current operating lease liabilities, included in current liabilities	$	292,699		$	147,684
Noncurrent operating lease liabilities, included in long-term liabilities		3,339,255			1,218,487
Total operating lease liabilities	$	3,631,954		$	1,366,171
Finance leases
Property and equipment, at cost	$	1,079,706		$	951,656
Accumulated depreciation		(405,436	)		(260,370	)
Property and equipment, net	$	674,270		$	691,286
Current obligations of finance lease liabilities, included in current liabilities	$	218,039		$	190,554
Finance leases, net of current obligations, included in long-term liabilities		376,132			474,743
Total finance lease liabilities	$	594,171		$	665,297

Schedule of Supplemental Cash Flow and Other Information Related to Leases

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

	For the Year Ended January 31, 2022			For the Year Ended January 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	168,849		$	132,694
Financing cash flows from finance leases		199,176			156,450
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	2,457,502		$	-
Finance leases		128,050			401,387
Weighted average remaining lease term (in years):
Operating leases		8.5			6.8
Finance leases		3.0			3.9
Weighted average discount rate:
Operating leases		4.85	%		6.54	%
Finance leases		4.45	%		4.57	%

Schedule of Future Minimum Payments Required Under Lease Obligations

For the Twelve Months Ending January 31,
2023	$	756,450
2024		713,319
2025		689,398
2026		611,124
2027		464,909
Thereafter		1,825,924
Total lease payments	$	5,061,124
Less: amounts representing interest		(834,999	)
Total lease obligations	$	4,226,125