XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2022
Jan. 31, 2022
Current Assets:    
Cash $ 921,260 $ 850,598
Accounts receivable, net 8,998,584 7,627,717
Inventories 4,168,691 2,890,793
Prepaid expenses 498,448 269,209
Total current assets 14,586,983 11,638,317
Property and equipment, net 3,643,710 3,678,532
Intangibles, net 1,871,809 1,984,979
Goodwill 8,633,334 8,633,334
Operating lease right of use assets, net 3,526,973 3,596,317
Deferred tax asset 419,116 448,501
Deposits 52,249 52,249
Total Assets 32,734,174 30,032,229
Current Liabilities:    
Accounts payable and accrued expenses 7,548,460 6,479,140
Term loan, net of debt discount of $54,756 and $57,771, respectively 1,496,968 1,235,333
Operating lease liability 359,869 292,699
Finance leases payable 203,181 218,039
Promissory note – related party 786,036 759,917
Total current liabilities 10,394,514 8,985,128
Line of credit 2,540,000 765,000
Operating lease liability – net of current 3,184,197 3,339,255
Finance leases payable – net of current 332,982 376,132
Promissory note – related party, net of current 2,250,000 2,250,000
Term loan – net of current 5,818,966 6,206,896
Total long-term liabilities 14,126,145 12,937,283
Total Liabilities 24,520,659 21,922,411
Stockholders’ Equity:    
Preferred stock, $0.00001 par value; 19,880,000 shares authorized; no shares issued and outstanding
Common stock, $0.00001 par value; 250,000,000 shares authorized; 35,774,468 and 35,758,792 shares issued and outstanding as of April 30, 2022 and January 31, 2022 359 359
Additional paid in capital 20,587,789 20,587,789
Accumulated deficit (12,225,133) (12,328,830)
Less: Treasury stock, 230,000 shares at cost, respectively (149,500) (149,500)
Total Stockholders’ Equity 8,213,515 8,109,818
Total Liabilities and Stockholders’ Equity 32,734,174 30,032,229
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, $0.00001 par value; 19,880,000 shares authorized; no shares issued and outstanding