Stockholder's Equity

6 Months Ended

Jul. 31, 2011

Stockholder's Equity

15. Stockholder’s Equity

In the quarter ended April 30, 2011, the Company issued 1,350,000 common shares, bringing the total outstanding shares to 28,985,774. A total of 350,000 shares were issued to Kanehoe Advisors and 1,000,000 shares were issued in connection with the acquisition of Aligned Healthcare Group, Inc. (see Note 18). The 1,350,000 shares were valued at $273,000 based on the fair value of shares at issuance date.

No shares were issued by the Company in the quarter ended July 31, 2011.

Warrants outstanding:

No warrants were issued by the Company in the quarter ended July 31, 2011.

	Aggregate		Number of
	intrinsic value		warrants
Outstanding at January 31, 2011	$	—		1,655,333
Granted		—		-
Exercised		—		—
Cancelled		—		—
Outstanding at July 31, 2011	$	—		1,655,333

				Weighted
				average				Weighted
		Warrants		remaining		Warrants		average
Exercise Price		outstanding		contractual life		Exercisable		exercise price
$	1.500		155,333		0.24		155,333	$	1.50
$	0.125		1,250,000		3.25		1,250,000	$	0.125
$	0.250		250,000		3.25		250,000	$	0.25

Options outstanding:

Stock option transactions under the Company’s stock option plans for the six months ended July 31, 2011 are summarized below:

			Weighted
			Average
			Per Share		Weighted Average
			Exercise		Remaining		Aggregate
	Shares		Price		Contractual Term		Intrinsic Value
Balance, January 31, 2011		1,150,000	$	0.15				-
Granted		-		-
Exercised		-		-
Expired		-		-
Forfeited		-		-
Balance, July 31, 2011		1,150,000	$	0.15		9.4 years	$	30,833
Exercisable, July 31, 2011		666,616	$	0.15		9.4 years	$	30,833

The Company did not issue any stock options during the three months ended July 31, 2011 and 2010, respectively.