Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal through the balance sheet date.

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121616839&loc=d3e45280-112737

3. COMMITMENTS (Details) - USD ($)	Jun. 30, 2020	Jan. 31, 2020	Jun. 30, 2019	Jan. 31, 2016
Capital leases
2021	$ 54,593
2022	11,280
2023	11,280
2024	11,280
2025	6,580
Total minimum payments	95,013
Less: amount representing interest	7,442
Present value of minimum lease payments	87,571	$ 47,750		$ 51,252
Less: current portion	51,761		$ 9,572
Capital lease payments, noncurrent	35,810		$ 5,027
Operating leases
2021	61,779
2022	62,822
Total minimum payments	$ 124,601	$ 65,463