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ROYALTY RECEIVABLE
 12 Months Ended
Jan. 31, 2020
ROYALTY RECEIVABLE  
7. ROYALTY RECEIVABLE

A reconciliation of the royalty receivable balance is as follows:

 

 

 

January 31, 2020

 

 

January 31, 2019

 

 

 

 

 

 

 

 

Beginning balance

 

 $ 3,969,356

 

 

 $ 3,540,753

 

Finance income

 

 

 198,406

 

 

 

 189,154

 

Change in foreign exchange rate

 

 

 37,499

 

 

 

 239,449

 

 

 

 $ 4,205,261

 

 

 $ 3,969,356