Leases (Tables)

6 Months Ended

Jul. 31, 2019

Leases [Abstract]

Schedule of Lease Costs

The following table presents the Company’s lease costs for the six months ended July 31, 2019:

	Six months Ended
	July 31, 2019
Lease Costs:
Operating lease cost*	$	113,305

* Short term lease costs were immaterial.

Schedule of Supplemental Cash Flow Information for Lease

Supplemental cash flow information is as follows:

	Six months Ended
	July 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	115,968
Right-of-use assets obtained in exchange for lease obligations:
Operating leases, net	$	2,871,000

Schedule of Future Lease Payments for Operating Lease Liability

The aggregate future lease payments for Operating Lease Liability as of July 31, 2019 are as follows:

For the Years Ending January 31,
Remaining in 2020	$	173,956
2021		231,941
2022		231,941
2023		208,829
2024		168,691
Thereafter		5,025,726
Total minimum lease payments	$	6,041,084
Less: amount representing interest		3,210,634
Total present value of minimum payments		2,830,450
Less: current portion	$	98,113
Long-term obligations	$	2,732,337

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates were as follows:

Weighted average remaining lease term (years)	July 31, 2019
Operating leases		33.83
Weighted average discount rate
Operating leases		4.76	%