Leases (Tables)

9 Months Ended

Oct. 31, 2019

Leases [Abstract]

Schedule of Lease Costs

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

	Nine months
	Ended
	31-Oct-19
Lease Costs:
Operating lease cost*	$	201,656

* Short term lease costs were immaterial.

Schedule of Supplemental Cash Flow Information for Lease

Supplemental cash flow information is as follows:

	Nine months
	Ended
	31-Oct-19
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	161,843
Right-of-use assets obtained in exchange for lease obligations:
Operating leases, net	$	2,720,605

Schedule of Future Lease Payments for Operating Lease Liability

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

For the Years Ending January 31,
Remaining in 2020	$	57,985
2021		231,941
2022		231,941
2023		208,829
2024		168,691
Thereafter		5,050,859
Total minimum lease payments	$	5,950,246
Less: amount representing interest		3,143,326
Total present value of minimum payments		2,806,920
Less: current portion	$	98,913
Long-term obligations	$	2,708,007

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)	October 31, 2019
Operating leases		35.16
Weighted average discount rate
Operating leases		4.77	%