Business Acquisitions (Tables)

3 Months Ended

Apr. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Pro-forma Combined Results of Operation

The following presents the unaudited pro-forma combined results of operations of T&L and OB with the Company as if the entities were combined on February 1, 2021.

	For the Three Months Ended April 30, 2021
Revenues	$	16,110,222
Net income	$	647,798
Net income per share - basic	$	0.02
Weighted average number of shares outstanding		35,622,060

Schedule of Asset Acquired and Liabilities Assumed

The following summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date:

Assets:
Cash	$	591,458
Accounts receivable		2,715,515
Inventories		1,221,055
Fixed assets, net		503,907
Intangibles		10,574,334
Total identified assets acquired	$	15,606,269

Liabilities:
Accounts payable and accrued expenses	$	1,606,269
Total liabilities assumed		1,606,269
Total net assets acquired	$	14,000,000