CONCENTRATION OF CREDIT RISK

12 Months Ended

Jan. 31, 2023

CONCENTRATION OF CREDIT RISK

CONCENTRATION OF CREDIT RISK

Note 12 – CONCENTRATION OF CREDIT RISK

The Company did not have any significant customer concentration during the year ended January 31, 2023. For the year ended January 31, 2022, one customer accounted for 100% of revenue, totaling $5,613,200.

The Company had one vendor that accounted for more than 10% of the Company’s total purchases for the year ended January 31, 2023.  The one vendor supplied 100% of the Company’s total purchases for the years ended January 31, 2023 and 2022.  If the Company lost this vendor, this could have a negative impact upon the financial well-being of the Company.  The Company had one vendor that accounted for more than 10% of the Company’s total purchases for the year ended January 31, 2022. The one vendor represented $3,545,200 and 100% of the Company’s total purchases for the year ended January 31, 2022.