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OTHER NOTES PAYABLE	6 Months Ended
Jul. 31, 2024
Other Notes Payable
OTHER NOTES PAYABLE	8. OTHER NOTES PAYABLE As of July 31, 2024, the Trust and the RRF Partnership had a $200,000 unsecured note payable with an individual lender. The promissory note is payable on demand upon 90 days written notice, or in December 2024, whichever occurs first. The loan accrues interest at 4.5% and interest only payments shall be made monthly. The Trust may pay all of part of this note without any repayment penalties. The total principal amount of this loan is $200,000 as of July 31, 2024. On July 1, 2019, the Trust and the Partnership together entered into an unsecured loan totaling $270,000 with an individual investor at 4.5%, interest only, payable monthly. The loan has been subsequently extended to December 2024. The Trust may pay all or part of this note without any repayment penalties. The total principal amount of this loan is $270,000 as of July 31, 2024. See Note 9 – “Minimum Debt Payments” for scheduled minimum payments on the debt liabilities.

OTHER NOTES PAYABLE

6 Months Ended

Jul. 31, 2024

8. OTHER NOTES PAYABLE

As of July 31, 2024, the Trust and the RRF Partnership had a $200,000 unsecured note payable with an individual lender. The promissory note is payable on demand upon 90 days written notice, or in December 2024, whichever occurs first. The loan accrues interest at 4.5% and interest only payments shall be made monthly. The Trust may pay all of part of this note without any repayment penalties. The total principal amount of this loan is $200,000 as of July 31, 2024.

On July 1, 2019, the Trust and the Partnership together entered into an unsecured loan totaling $270,000 with an individual investor at 4.5%, interest only, payable monthly. The loan has been subsequently extended to December 2024. The Trust may pay all or part of this note without any repayment penalties. The total principal amount of this loan is $270,000 as of July 31, 2024.

See Note 9 – “Minimum Debt Payments” for scheduled minimum payments on the debt liabilities.