Income Taxes (Tables)

12 Months Ended

Jan. 31, 2014

Income Tax Disclosure [Abstract]

Components of deferred tax assets

Deferred tax assets (liabilities) consist of the following at January 31:

	2014		2013
NOL carry forward	$	3,575,748	$	3,967,114
Stock options – exercisable		1,164,135		741,971
Contribution carryforward		6,018		8,740
Warrant liability				-
State income taxes		272		544
Accrual to cash		(179,000)		(243,300)
State income taxes, deferred		(403,535)		(310,478)
Net deferred tax asset		4,163,638		4,164,591
Valuation allowance		(4,163,638)		(4,164,591)
	$	-	$	-

Provision for income taxes

The provision for income taxes differs from the amount computed by applying the federal income tax rate as follows for the year ended January 31:

	2014			2013
Tax computed at the statutory rate (34%)		0.34	%		0.34	%
Stock options		(0.18)	%		(0.06)	%
Accrual to cash		-	%		-	%
Warrant liability		-	%		-	%
Impairment Loss		-	%		-	%
Non-cash stock compensation		-	%		-	%
Change in valuation		(0.16)	%		(0.28)	%
		-	%		-	%