RELATED PARTY NOTES	12 Months Ended
Jan. 31, 2022
Related Party Notes
RELATED PARTY NOTES	13. RELATED PARTY NOTES On December 1, 2014, the Trust entered a $1,000,000 net maximum Demand/Revolving Line of Credit/Promissory Note with Rare Earth Financial, LLC, an entity which is wholly owned by Mr. Wirth and his family members. The Demand/Revolving Line of Credit/Promissory Note, as amended on June 19, 2017, bears interest at 7.0% per annum for both a payable and receivable, is interest only quarterly and matures on August 24, 2021, and renews annually each calendar year unless either party gives a six-month written notice. No prepayment penalty exists on the Demand/Revolving Line of Credit/Promissory Note. The balance fluctuates significantly through the period. On December 30, 2020, the Demand/Revolving Line of Credit/Promissory Note was extended and increased to the current level of $2,000,000. As of January 31, 2022 and January 31, 2021, the Trust had an amount payable of approximately $977,000 and $1,595,000, respectively. During the twelve months period ended January 31, 2022, the Trust advanced $261,000 and received $878,000 in repayments.

RELATED PARTY NOTES

12 Months Ended

Jan. 31, 2022

13. RELATED PARTY NOTES

On December 1, 2014, the Trust entered a $1,000,000 net maximum Demand/Revolving Line of Credit/Promissory Note with Rare Earth Financial, LLC, an entity which is wholly owned by Mr. Wirth and his family members. The Demand/Revolving Line of Credit/Promissory Note, as amended on June 19, 2017, bears interest at 7.0% per annum for both a payable and receivable, is interest only quarterly and matures on August 24, 2021, and renews annually each calendar year unless either party gives a six-month written notice. No prepayment penalty exists on the Demand/Revolving Line of Credit/Promissory Note. The balance fluctuates significantly through the period. On December 30, 2020, the Demand/Revolving Line of Credit/Promissory Note was extended and increased to the current level of $2,000,000. As of January 31, 2022 and January 31, 2021, the Trust had an amount payable of approximately $977,000 and $1,595,000, respectively. During the twelve months period ended January 31, 2022, the Trust advanced $261,000 and received $878,000 in repayments.