INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2023

INCOME TAXES

Schedule of reconciliation of the federal statutory tax rate to the effective tax rate

	Year ended January 31,
	2023			2022
Statutory federal income tax rate		21.00	%		21.00	%
State income taxes, net of federal tax benefit		(0.00	)		-
Valuation allowance		(20.84	)		-
Other, net		-0.04			(1.73	)
Effective tax rate		0.12	%		19.27	%

Schedule of income tax provision benefit

	Year ended January 31,
	2023			2022
Current:
Federal	$	-		$	210,923
State		800			-
Total current		800			210,923
Deferred:
Federal		(6,181	)		6,181
State		-			-
Total deferred		(6,181	)		6,181
Total income tax provision	$	(5,381	)	$	217,104

Schedule of deferred tax assets and liabilities

	January 31,
	2023			2022
Deferred tax assets:
Allowance for credit loss	$	7,063		$	-
Operating lease liability		55,226			97,350
Net operating loss carryforward		865,309			-
Other, net		168			-
Total deferred tax assets		927,766			97,350
Valuation allowance		(868,172	)		-
Net deferred tax assets		59,594			97,350
Deferred tax liabilities:
Amortization and depreciation		(5,901	)		(6,940	)
Operating lease right-of-use assets		(53,693	)		(96,591	)
Total deferred tax liabilities		(59,594	)		(103,531	)
net deferred tax assets (liabilities)	$	-		$	(6,181	)