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Restricted Stock Awards
9 Months Ended
Oct. 31, 2015
Notes  
Restricted Stock Awards

NOTE 8: RESTRICTED STOCK AWARDS

 

The following table represents the number of Restricted Stock Units awarded (the "Stock Awards"):

 

Restricted Stock Units Activity

 

Weighted

 

Number

Average

 

 

of RSUs

Exercise Price

 

Outstanding at January 31, 2015

750,000

 

$0.001

 

Awarded

––

––

 

Exercised / Vested

(750,000

)

$0.001

 

Expired / Cancelled

––

––

 

Outstanding at October 31, 2015

0

 

$0.001

 

 

As of October 31, 2015 and  January 31, 2015, the Company has awarded a total of 1,400,000 Restricted Stock Units. In connection with the Stock Awards, a total of $1,040,000 has been recorded as deferred compensation, of which $300,000 and  $740,000 has been expensed during the nine months ended October 31, 2015 and the year ended January 31, 2015, respectively. There remains $0 and $300,000 in deferred compensation as of October 31, 2015 and  January 31, 2015, respectively.