v3.25.4
OPERATING LEASES (Tables)
12 Months Ended
Jan. 31, 2024
OPERATING LEASES  
Schedule of Operating lease right-of-use assets and liabilities

January 31, 2024

 

Balance Sheet Classification

 

Amount

 

Operating lease right-of-use asset

 

Operating lease right-of-use asset

 

$93,334

 

Operating lease liability – current portion

 

Operating lease liability

 

$93,334

 

Operating lease liability – long-term portion

 

Operating lease liability, net of current portion

 

$-

 

Schedule of operating lease

 

 

Years Ended

 

 

 

January 31,

 

 

 

2024

 

 

2023

 

The components of lease expense were as follows:

 

 

 

 

 

 

Operating lease cost

 

$159,982

 

 

$159,982

 

Short-term lease cost

 

 

51,409

 

 

 

-

 

Variable lease cost

 

 

43,819

 

 

 

28,025

 

Total lease cost

 

$255,210

 

 

$188,007

 

Schedule of supplementary information on cash flow and other information for leasing activities

 

 

 Years Ended

 

 

 

 January 31,

 

 

 

2024

 

 

2023

 

Cash paid for operating cash flows from operating leases

 

$188,402

 

 

$181,103

 

Right-of-use asset obtained in exchange for new operating lease liabilities

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

Remaining lease term - operating leases (year)

 

 

0.50

 

 

 

1.50

 

Discount rate — operating leases

 

 

10.00%

 

 

10.00%
Schedule of future minimum lease payments

Year ending January 31,

 

Amount

 

2025

 

$96,075

 

Thereafter

 

 

-

 

Total lease payments

 

 

96,075

 

Less: Imputed interest

 

 

(2,741)

Total lease liability

 

$93,334