Income Taxes

6 Months Ended

Jul. 31, 2018

Income Taxes

INCOME TAXES

NOTE 7 — INCOME TAXES

Income tax expense consists of federal, state and local tax provisions. For the six months ended July 31, 2018 and 2017, we recorded federal tax expense of zero. For the six months ended July 31, 2018 and 2017, we recorded state and local tax expense of $3,000 and $5,000, respectively.