Income Taxes (Tables)

12 Months Ended

Jan. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income taxes consist of the following:

	Fiscal Year
	2015			2014
Current tax (expense) benefit:
Federal	$	—		$	131,816
State	(17,578		)	34,611
	(17,578		)	166,427
Deferred tax benefit:
Federal	8,838			663,681
State	737			56,901
	9,575			720,582
Current and deferred tax (expense) benefit	$	(8,003	)	$	887,009

Schedule of Effective Income Tax Rate Reconciliation

The income tax (expense) benefit for income taxes differs from the amount computed using the federal statutory income tax rate as follows:

	Fiscal Year
	2015			2014
Federal tax benefit at statutory rate	$	1,455,816		$	4,385,479
State and local taxes, net of federal benefit (expense)	(267,997		)	325,966
Change in valuation allowance	(1,629,786		)	(4,030,864		)
Permanent items:
Incentive stock options	(513,708		)	(421,366		)
Transaction costs	—			(5,291		)
Escrow refund	255,000			—
Change in fair value of warrants liability	553,951			776,337
Other	(28,914		)	(44,719		)
Reserve for uncertain tax position	—			164,127
Other	167,635			(262,660		)
Income tax (expense) benefit	$	(8,003	)	$	887,009

Schedule of Deferred Tax Assets and Liabilities

The income tax effects of these temporary differences and credits are as follows:

	January 31,
	2016			2015
Deferred tax assets:
Allowance for doubtful accounts	$	58,379		$	245,252
Deferred revenue	244,163			372,275
Accruals	203,291			174,658
Net operating loss carryforwards	15,179,685			14,905,174
Stock compensation expense	592,654			438,659
Property and equipment	78,295			—
AMT credit	102,144			102,144
Other	17,794			8,912
Total deferred tax assets	16,476,405			16,247,074
Valuation allowance	(14,184,030		)	(12,554,242		)
Net deferred tax assets	2,292,375			3,692,832
Deferred tax liabilities:
Property and Equipment	—			(21,755		)
Definite-lived intangible assets	(2,292,375		)	(3,671,077		)
Indefinite-lived intangibles	—			(9,575		)
Total deferred tax liabilities	(2,292,375		)	(3,702,407		)
Net deferred tax liabilities	$	—		$	(9,575	)

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (excluding interest and penalties) is as follows:

	2015		2014
Beginning of fiscal year	$	—	$	121,000
Additions for tax positions of prior years	—		—
Reductions for tax positions of prior years	—		—
Reductions attributable to lapse of statute of limitations	—		(121,000		)
End of fiscal year	$	—	$	—