SUBSEQUENT EVENTS

12 Months Ended

Jan. 31, 2017

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

11.SUBSEQUENT EVENTS

On March 28, 2017, the Company held its Special Meeting of Stockholders whereby the stockholders voted in favor of the following:

· to amend the Company’s certificate of incorporation to increase the total number of authorized shares of common stock from 90 million shares to 450 million shares;

· to amend the Company’s certificate of incorporation to effect a reverse stock split at a ratio not less than 1-for-2 and not greater than 1-for-25, with the exact ratio to be set within that range at the discretion of the board of directors before January 31, 2018; and which the board of directors may alternatively elect to abandon and not effect, in its sole discretion; and

· to amend the Company’s 2016 Equity Incentive Plan such that the number of share available for issuance under the 2016 Equity Incentive Plan was increased by 20,000,000 shares.