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DUE TO SHAREHOLDER
3 Months Ended
Apr. 30, 2022
Related Party Transactions [Abstract]  
DUE TO SHAREHOLDER DUE TO SHAREHOLDER
The 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 interest 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 $941,340 and $905,979, including principal of $567,111 and $547,111, respectively, and accrued interest of $374,229 and $358,868, respectively.

Interest expense related to the credit facility was $15,361 and $12,831 for the three months ended April 30, 2022 and 2021, respectively.