INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2019

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:	2019		2018
Net operating loss carryforwards	$	18,769	$	14,314
Stock-based compensation expense		1,163		831
Tax credit carryforwards		1,022		735
Other		160		377
Total deferred tax assets		21,114		16,257
Less: valuation allowance		(21,114)		(16,257)
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% in 2019) to the actual income tax provision was as follows (in thousands):

	Year ended
	January 31,
	2019		2018
Income tax benefit computed at U.S. statutory rate	$	(3,624)	$	(5,477)
State income tax (net of federal benefit)		(1,478)		(1,150)
Change in federal rate from 34% to 21%		—		7,662
Change in valuation allowance		4,857		(1,039)
Research and development credits		(158)		(129)
Other		405		135
Provision for income taxes	$	2	$	2