8. DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Jan. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Liabilities for Estimated Fair Value of Derivative Warrant Instruments

The fair value of each warrant granted in the private placement offering through January 31, 2012 has been estimated on the dates of grant using the Black-Scholes option pricing model, under the following assumptions:

Common stock issuable upon exercise of warrants		30,739,129
Market price of the Company’s common stock on the measurement dates	$	0.05 and 0.09
Exercise price	$	0.125
Risk free interest rate (1)		0.34	%
Dividend yield		0.00	%
Volatility		365.22-368.49	%
Expected exercise term in years		1.92-1.98

(1) The risk-free interest rate was determined by management using the average of 1- and 2-year Treasury Bill yield as of the grant dates.

The fair value of each warrant granted in the private placement offering through January 31, 2012 has been estimated on the dates of grant using the Black-Scholes option pricing model, under the following assumptions:

Common stock issuable upon exercise of warrants		4,000,000
Market price of the Company’s common stock on the measurement dates	$	0.08 and 0.10
Exercise price	$	0.125
Risk free interest rate range (1)		0.34	%
Dividend yield		0.00	%
Volatility range		378.72 – 381.90	%
Expected exercise term in years		2.21-2.28

(1) The risk-free interest rate was determined by management using the 2-year Treasury Bill yield as of the grant dates.

The fair value of each warrant granted in the private placement offering through January 31, 2012 has been estimated on the dates of grant using the Black-Scholes option pricing model, under the following assumptions:

Common stock issuable upon exercise of warrants		4,000,000
Market price of the Company’s common stock on the measurement dates	$	0.07 and 0.08
Exercise price	$	0.125
Risk free interest rate range (1)		0.52	%
Dividend yield		0.00	%
Volatility range		370.07-373.99	%
Expected exercise term in years		2.41-2.49

(1) The risk-free interest rate was determined by management using the 2-year Treasury Bill yield as of the grant dates.

The fair value of each warrant granted in the private placement offering through January 31, 2012 has been estimated on the dates of grant using the Black-Scholes option pricing model, under the following assumptions:

Common stock issuable upon exercise of warrants		2,125,000
Market price of the Company’s common stock on the measurement date	$	0.05
Exercise price	$	0.06
Risk free interest rate		0.69	%
Dividend yield		0.00	%
Volatility		347.74	%
Expected exercise term in years		3.17

The following is a summary of the assumptions used in the probability-weighted scenario analysis model to estimate the fair value of the warrants as of the balance sheet date at January 31, 2014, and the assumptions used for the Black-Scholes option pricing model to estimate the fair value of the warrants as of balance sheet date at January 31, 2013, respectively:

	January 31,  2014					January 31,  2013
Common stock issuable upon exercise of warrants		148,285,243					41,671,195
Market price of the Company’s common stock on the measurement dates	$	0.008				$	0.008
Exercise price range	$	0.009 - 0.016				$	0.03-0.06
Risk free interest rate range (1)		0.34 - 0.69	%				0.42 - 0.65	%
Dividend yield		0.00	%				0.00	%
Volatility range		365.22 - 381.9		0	%		306.62-327.98	%
Expected exercise term in years		1.92 – 3.17					2.89 – 4.12

(1) The risk-free interest rate was determined by management using the 3-year and the average of the 3- and 5-year Treasury Bill as of January 31, 2014 and January 31, 2013, respectively.