- COMMITMENTS AND CONTINGENCIES	9 Months Ended
Oct. 31, 2020
- COMMITMENTS AND CONTINGENCIES [Abstract]
- COMMITMENTS AND CONTINGENCIES	*Note 7 - COMMITMENTS AND CONTINGENCIES* *Operating Sublease Commitment* On March 2, 2020, the Company entered into a non-cancelable operating sublease agreement with a sublessor for an office facility in Irvine, California. The sublease agreement was set to continue through March 2024; however, the sublease agreement was cancelled in 2020 due to the Covid-19 pandemic. Facility payments would have ranged from $15,125 to $17,295 per month, subject to future rent escalations. The Company did not take possession of the subleased premises as the subleased premises was not delivered on or after the commencement date due to the Covid-19 pandemic. The Company has not partially or totally occupied the premises since the start date of the sublease agreement. On November 11, 2020, the Company informed the sublessor that it shall not be responsible for all monetary obligations of the sublessee to the sublessor under the terms of the sublease agreement and consider the sublease agreement null and void. Accordingly, all prior accrued account balances were reversed out during the 3rd quarter. Facility expense for the office facility for the three and nine months ended October 31, 2020 amounted to $0 and $0, respectively.

- COMMITMENTS AND CONTINGENCIES

9 Months Ended

Oct. 31, 2020

- COMMITMENTS AND CONTINGENCIES [Abstract]

Note 7 - COMMITMENTS AND CONTINGENCIES

Operating Sublease Commitment

On March 2, 2020, the Company entered into a non-cancelable operating sublease agreement with a sublessor for an office facility in Irvine, California. The sublease agreement was set to continue through March 2024; however, the sublease agreement was cancelled in 2020 due to the Covid-19 pandemic. Facility payments would have ranged from $15,125 to $17,295 per month, subject to future rent escalations.

The Company did not take possession of the subleased premises as the subleased premises was not delivered on or after the commencement date due to the Covid-19 pandemic. The Company has not partially or totally occupied the premises since the start date of the sublease agreement. On November 11, 2020, the Company informed the sublessor that it shall not be responsible for all monetary obligations of the sublessee to the sublessor under the terms of the sublease agreement and consider the sublease agreement null and void. Accordingly, all prior accrued account balances were reversed out during the 3rd quarter.

Facility expense for the office facility for the three and nine months ended October 31, 2020 amounted to $0 and $0, respectively.