Commitments and Contingencies

9 Months Ended

Oct. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Note 5 – Commitments and contingencies

The Company entered into a right-of-use operating lease agreement with an affiliate for the Company's corporate office needs, consisting of 4,000 square feet of office space. The lease is for a 4-year period ending October 31, 2021. This lease to the Company is on the same terms and conditions as is the direct lease between the affiliate and the independent lessor. The office space lease includes in-substance fixed lease payments, and does not provide an implicit rate, the remaining lease term for the office space is 30 months. The Company also leases commercial retail space for the benefit of its investments in Oklahoma under an agreement ending August 31, 2023.

As of October 31, 2019, maturities of the lease liabilities are as follows:

For the Fiscal Year Ending January 31,
Remaining 2019	$	34,972
2020		139,887
2021		125,865
2022		83,796
2023		55,863
Total minimum lease payments	$	440,384

During the three months ended October 31, 2019 and 2018, rent expense was $19,108 and $13,500, respectively. During the nine months ended October 31, 2019 and 2018, rent expense was $61,064 and $39,516, respectively.

STWC. Holdings, Inc. 10-Q