Annual report pursuant to Section 13 and 15(d)

Other Intangible Assets, Net

v3.21.1
Other Intangible Assets, Net
12 Months Ended
Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS, NET

NOTE 3 - OTHER INTANGIBLE ASSETS, NET

 

A summary of other intangible assets follows:

 

        January 31, 2021  
    Estimated Life   Gross Carrying Amount     Accumulated Amortization     Net carrying amount  
Patents    10 Years   $ 2,387,328     $ (1,128,997 )   $ 1,258,331  
Trademarks    3 Years     1,239,334       (980,633 )     258,701  
Other intangibles    5 Years     839,737       (839,737 )    
-
 
Total       $ 4,466,399     $ (2,949,367 )   $ 1,517,032  

 

        February 2, 2020  
    Estimated Life   Gross Carrying Amount     Accumulated Amortization     Net carrying amount  
Patents   10 Years   $ 1,965,794     $ (846,898 )   $ 1,118,896  
Trademarks   3 Years     982,800       (749,535 )     233,265  
Other intangibles   5 Years     839,737       (839,737 )    
-
 
Total       $ 3,788,331     $ (2,436,170 )   $ 1,352,161  

 

Amortization expense on other intangible assets was $513,197 in fiscal 2021 and $263,842 in fiscal 2020.

 

Expected amortization expense by fiscal year for these other intangible assets follows:

 

2022   $ 281,527  
2023     227,727  
2024     190,365  
2025     156,028  
2026     155,027  
Thereafter     506,358  
    $ 1,517,032