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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Apr. 30, 2014
Accounting Policies [Abstract]  
Schedule of Inventories

Inventories are stated at average cost using the first-in, first-out (FIFO) valuation method. Inventory was comprised of the following at April 30, 2014 and January 31, 2014:

 

    April 30, 2014     January 31, 2014  
Finished goods   $ 404,116     $ 159,829  
                 

Schedule of Property and Equipment Estimated Useful Lives

Property and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful lives.

 

Asset lives for financial statement reporting of depreciation are:

 

Machinery and equipment 2-7 years
Leasehold improvements 3-10 years

Schedule of Expenses of Slotting Fees and Sales Discount Accounted for Direct Revenue Reduction

Expenses such as slotting fees and sales discounts are accounted for as a direct reduction of revenues as follows:

 

    Three Months
Ended
April 30, 2014
    Three Months
Ended
March 31, 2013
    One Month
Ended
January 31, 2014
 
Gross Sales   $ 2,655,011     $ 1,931,473     $ 796,177  
Less: Slotting, Discounts, Allowances     71,862       159,309       20,925  
Net Sales   $ 2,583,149     $ 1,772,164     $ 775,252  

Schedule of Common Stock Equivalents

The Company had the following potential common stock equivalents at April 30, 2014:

 

Common stock subscribed   653,335  
Common stock warrants, exercise price range of $1.00-$1.50   987,401  
Common stock options, exercise price of $1.00   444,288  
Total common stock equivalents   2,085,024  

 

The Company had the following potential common stock equivalents at March 31, 2013:

 

Common stock subscribed   --  
Common stock warrants, exercise price range of $1.00   505,400  
Common stock options, exercise price of $1.00   223,404  
Total common stock equivalents   728,804