INTANGIBLE ASSETS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||
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Jul. 31, 2026 | |||||||||||||||||||||||||||||||||||||
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| INTANGIBLE ASSETS | NOTE 3 – INTANGIBLE ASSETS
On April 5, 2023, the Company entered into a Software Acquisition Agreement with eXPO Financial Services LLC pursuant to which the Company acquired all rights, title, and interest in a proprietary software platform known as the eXPO (electronic eXchange portal) for a total purchase price of $100,000, which was paid in full as of January 31, 2024.
The acquired software is recorded as an intangible asset at cost. The Company evaluates its intangible assets for impairment in accordance with ASC 360, Property, Plant, and Equipment, whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
As of July 31, 2026 and January 31, 2026, no impairment has been identified.
The Company amortizes the software over an estimated useful life of three years on a straight-line basis starting on March 1, 2026, the date the asset was placed into service.
The Company’s intangible assets consisted of the following as of July 31, 2026 and January 31, 2026:
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