XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Due to Shareholder
3 Months Ended
Apr. 30, 2022
Related Party Transactions [Abstract]  
Due to Shareholder DUE TO SHAREHOLDERThe Company has a credit facility with its majority shareholder, whereby, the credit facility provides the principal amount up to $700,000, as amended as of June 10, 2022, of financing to the Company for working capital purposes. Amounts outstanding under the credit facility accrue interest at an annual rate of 11% and mature in December 2025. As of April 30, 2022 and January 31, 2022, respectively, principal and interest outstanding under the credit facility totaled $957,547 and $922,031, including principal of $572,799 and $552,799, respectively, and accrued interest of $384,748 and $369,232, respectively. Interest expense related to the credit facility was $15,516 and $13,077 for the three months ended April 30, 2022 and 2021, respectively.