Leases (Tables)

12 Months Ended

Jan. 31, 2021

Schedule of Operating and Finance Leases Obligations

The aggregate annual lease obligations at January 31, 2021 are as follows:

Fiscal Year	Operating Leases			Finance Leases
2022	$	172,177		$	31,123
2023		148,348			31,123
2024		112,116			23,343
2025		112,116			-
2026		112,116			-
Thereafter		5,039,195			-
Total undiscounted lease obligations		5,696,068			85,589
Less imputed interest		(3,326,787	)		(5,613	)
Net lease obligations	$	2,369,281		$	79,976

Operating Leases [Member]

Schedule of Lease Costs

The Trust’s Operating Lease costs recognized in the consolidated statement of operations for the year ended January 31, 2021 consist of the following:

	Fiscal Year Ended January 31, 2021
Operating Lease Costs:
Operating lease cost	$	200,347

Schedule of Cash Flow Information

Supplemental cash flow information is as follows:

	Fiscal Year Ended January 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	168,780
Lease Obligations obtained:
Operating leases, net	$	2,369,281
Long-term obligations	$	2,310,745

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)	January 31, 2021
Operating leases		37
Weighted average discount rate
Operating leases		4.85	%

Schedule of Future Minimum Rental Payments for Operating Lease and Finance Lease

The aggregate future lease payments for Operating Lease Liability as of January 31, 2021 are as follows:

For the Years Ending January 31,
2022	$	172,177
2023		148,348
2024		112,116
2025		112,116
2026		112,116
Thereafter		5,039,195
Total minimum lease payments	$	5,696,068
Less: amount representing interest		3,326,787
Total present value of minimum payments		2,369,281
Less: current portion of operating lease liability	$	58,536
Long term portion of operating lease liability		2,310,745

Finance Leases [Member]

Schedule of Lease Costs

The Trust’s Finance Lease costs recognized in the Consolidated Statement of Income for the Fiscal Year ended January 31, 2021 consist of the following:

	Fiscal Year Ended
	January 31, 2021
Finance Lease Costs:
Amortization of lease obligations	$	27,749
Interest on lease obligations		4,581

Schedule of Cash Flow Information

Supplemental cash flow information is as follows:

	Fiscal Year Ended
	January 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	31,123
Lease Obligations obtained:
Finance leases, net	$	79,976
Long-term obligations	$	52,118

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)	January 31, 2021
Finance leases		3
Weighted average discount rate
Finance leases		4.85	%

Schedule of Future Minimum Rental Payments for Operating Lease and Finance Lease

The aggregate future lease payments for Finance Lease Liability as of January 31, 2021 are as follows:

For the Years Ending January 31,
2022	$	31,123
2023		31,123
2024		23,343
Total minimum lease payments	$	85,589
Less: amount representing interest		5,613
Total present value of minimum payments		79,976
Less: current portion	$	27,858
Long term portion of finance lease liability		52,118