ACCOUNTS RECEIVABLE

12 Months Ended

Jan. 31, 2018

Notes to Financial Statements

NOTE 4. ACCOUNTS RECEIVABLE

The Company has performed an analysis on all of its accounts receivable and determined that all amounts are collectible by the Company. As such, all accounts receivable are reflected as a current asset and no allowance for bad debt has been recorded as of January 31, 2018 and 2017. No bad debts were written off for the year ended January 31, 2018 and 2017. The Company’s accounts receivable consists only trade receivables from customers which are unrelated to the Company. Trade receivables from customers which are related to the Company are categorized in amount due from related parties (Note 14). As at January 31, 2018 and 2017, the Company had accounts receivable of $22,820,925 and $43,054,811, respectively.

Aging analysis of accounts receivable is as follows:

	January 31,		January 31,
	2018		2017
0 - 30 days	$	16,761,646	$	-
30 - 60 days		-		20,760,211
Within 1 year		-		5,607,879
Over 1 year		6,059,279		16,686,721
	$	22,820,925	$	43,054,811