INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2018

INCOME TAXES

Summary of components of deferred tax assets

Significant components of the Company’s deferred tax assets were as follows (in thousands):

	January 31,
Deferred tax assets:	2018		2017
Net operating loss carryforwards	$	14,314	$	15,618
Stock-based compensation expense		831		908
Tax credit carryforwards		735		576
Other		377		194
Total deferred tax assets		16,257		17,296
Less: valuation allowance		(16,257)		(17,296)
Net deferred tax assets	$	—	$	—

Schedule of reconciliation of income taxes at the federal statutory rate to the actual income tax provision

A reconciliation of income taxes provided at the federal statutory rate (21%) to the actual income tax provision was as follows (in thousands):

	Year ended
	January 31,
	2018		2017
Income tax benefit computed at U.S. statutory rate	$	(5,477)	$	(6,258)
State income tax (net of federal benefit)		(1,150)		(1,196)
Change in federal rate from 34% to 21%		7,662		⸺
Change in valuation allowance		(1,039)		7,342
Research and development credits		(129)		(125)
Other		135		239
Provision for income taxes	$	2	$	2