v3.26.1
FEDERAL INCOME TAXES (Tables)
 12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Total and net deferred income tax assets at January 31,

 

   2026   2025 
Net operating loss carryforwards  $4,010,517   $3,053,465 
Bad debt allowance   -    - 
Accrued expenses   (2,622)   (2,622)
Syndications   2,923,000    2,923,000 
Prepaid insurance   28,423    95,532 
Alternative minimum tax credit   51,000    51,000 
Total deferred tax asset   7,010,318    6,120,375 
           
Deferred income tax liability associated with book/tax   (1,771,158)   (1,785,672)
Net deferred income tax asset   5,239,160    4,334,703 
Valuation Allowance   (5,239,160)   (4,334,703)
Net deferred income tax   -    - 
SCHEDULE OF INCOME TAX PROVISION

Income taxes for the year ended January 31,

 

   2026   2025 
Current income tax provision (benefit)   (140)   355 
Deferred income tax provision (benefit)   (223,965)   (392,348)
Change in valuation allowance   223,965    392,348 
Net income tax expense (benefit)   (140)   355 
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,

 

         
   2026 
   Amount   Percent 
Federal statutory rates  $(227,042)   21%
State income taxes   (56,383)   5%
Change in valuation allowance   (224,000)   -21%
True-up in prior year returns   -    0%
Effective Rate   140   0.0129%

 

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

 

         
   2025 
   Amount   Percent 
Federal statutory rates  $(248,329)   21%
State income taxes   (61,670)   5%
Change in valuation allowance   (392,300)   -33%
True-up in prior year returns   -    0%
Effective Rate   (355)   -0.03%