FEDERAL INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Total and net deferred income tax assets on January 31,

	2022			2021
Net operating loss carryforwards	$	1,352,000		$	1,352,000
Bad debt allowance		-			2,000
Accrued expenses		(2,000	)		(2,000	)
Syndications		2,923,000			2,923,000
Prepaid insurance		-			(4,000	)
Alternative minimum tax credit		51,000			51,000
Total differed tax asset		4,324,000			4,322,000
Deferred income tax liability associated with book/tax		(1,396,860	)		(1,502,000	)
Net deferred income tax asset		2,927,140			2,820,000
Valuation Allowance		(2,927,140	)		(2,820,000	)
		-			-

SCHEDULE OF INCOME TAX PROVISION

Income taxes for the year ended January 31,

	2022			2021
Current income tax benefit		(50	)		(68,661	)
Deferred income tax provision		321,306			321,306
Change in valuation allowance		(321,306	)		(321,306	)
Net income tax benefit		(50	)		(68,661	)

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

The differences between the statutory and effective tax rates are as follows for the year ended January 31, 2022:

	2022
	Amount			Percent
Federal statutory rates	$	53,370			-4	%
State income taxes		13,254			-1	%
Change in valuation allowance		(80,100	)		5	%
True-up in prior year returns		-			0	%
Effective Rate		-			1	%

The differences between the statutory and effective tax rates are as follows for the year ended January 31, 2021:

	2021
	Amount			Percent
Federal statutory rates	$	(309,200	)		21	%
State income taxes		(77,000	)		5	%
Change in valuation allowance		321,300			-22	%
True-up in prior year returns		(4,000	)		0	%
Effective Rate		-			5	%